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.


Special Coverage

The strong surge in revenue U.S. less-than-truckload carriers enjoyed in 2014 ran out of gas last year, as weaker demand and lower fuel surcharges dragged down LTL trucking’s top line.

News & Analysis

28 Oct 2016
Despite a 'soft industrial backdrop' and lower fuel surcharges and revenue, less-than-truckload carrier YRC Freight raised profit nearly 25 percent year-over-year in the third quarter, and opened a new terminal.
29 Oct 2015
'Softening' freight demand affects all carriers, slowing growth at Old Dominion Freight Line and pushing down revenue and profit at Saia. Carriers are adapting to the slower paced economy.
28 Oct 2015
Shippers are likely to rely more on smaller shipments and fast-cycle replenishment to reduce overstocked inventories, and that's an opportunity for less-than-truckload operators, YRC Freight says.
02 Oct 2015
Con-way Freight today said it will raise non-contract tariff rates 4.9 percent this month, following rate hikes announced by FedEx Freight in the U.S. and DHL Freight in Europe.
09 Sep 2015
XPO Logistics plans to buy $5.8 billion Con-way, the parent of LTL giant Con-way Freight, Menlo Logistics and Con-way Truckload.
08 Sep 2015
Less-than-truckload shipments rose between 11 and 13 percent at Old Dominion Freight Line, which gained market share as it continued long-term expansion. Lower fuel surcharges diluted yield, however.


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.