Top 25 LTL Trucking Companies

The combined revenue of the 25 largest U.S. less-than-truckload carriers dropped 0.5 percent to $32.1 billion as the pace of the U.S. economic recovery slowed in 2015, the first year of revenue contraction for the carrier group since the recession. The JOC and SJ Consulting Group annually rank the Top 25 LTL trucking companies and track the sector’s progress toward economic recovery. The sudden hard stop in 2015 reflected an economic recovery that seemed to stumble over its 2014 success, but it still leaves the Top 25 LTL carriers just shy of 2014’s record revenue level of $32.3 billion. Overall, the decline in revenue may have had as much to do with falling fuel prices and surcharges as lower industrial demand and higher inventories. Altogether, the Top 25 LTL carriers account for 91.5 percent of total LTL trucking revenue, which SJ Consulting Estimates dropped 1 percent last year to $35.1 billion. This special topic page delivers the most recent JOC coverage of these 25 carriers and the LTL trucking sector.

 

News & Analysis

Although as a less-than-truckload carrier Old Dominion Freight Line is somewhat less exposed to the driver shortage than truckload companies, the North Carolina-based trucker is paying close attention to the issue.
24 Aug 2016
The long-anticipated, much-discussed truck driver shortage could surface again as a major problem as early as next year.
25 Jul 2015
New England Motor Freight will open a 44-door terminal in Indianapolis July 27 as the multi-regional carrier builds density in lanes connecting the East Coast and Midwest.
14 Jul 2015
The average driver turnover rate dropped suddenly in the first quarter. Have waves of wage increases paid off for carriers, or is the decline a temporary blip?
26 Jun 2015
Truckload and less-than-truckload pricing expected to rise more quickly than freight volumes, as carriers seek to counter rising operating costs and shippers look to secure capacity.
18 Jun 2015
The former president of Con-way Freight will lead one of the largest temperature-controlled logistics companies as demand for cold-chain services grows.
17 Jun 2015
The sudden departure of one president and the appointment of another left analysts asking whether Con-way Freight can improve its profitability faster.

Commentary

Despite the calm market in early 2016, a storm is forming that is going to hit the trucking industry. New regulations coming into play in the next several months and the increasing influence of a major retailer are prepped to cause significant turbulence in the U.S. trucking market.

Video

Senior Editor Bill Cassidy interviews YRC Worldwide CEO James Welch, who is getting closer to his goal of returning the troubled less-than-truckload operator to profitability.