Top 25 LTL Trucking Companies

Top 25 LTL Trucking Companies

The combined revenue of the 25 largest U.S. less-than-truckload carriers jumped 9.1 percent to $32.3 billion as the pace of the U.S. economic recovery quickened in 2014. That compares with a 3.9 percent increase in 2013, the slowest year for LTL revenue growth 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. Years of network re-engineering are beginning to pay off for many of the large carriers, though mid-sized companies on the Top 25 list grew the fastest in 2014. Altogether, the Top 25 LTL carriers account for 91 percent of total LTL trucking revenue. This special topic page delivers the most recent JOC coverage of these 25 carriers and the LTL trucking sector.

Top 25 LTL Carriers in 2014

 

Key stories in LTL

Special Coverage

The recovery at YRC Worldwide is gaining traction, as the company's regional and national subsidiaries reported stronger profits based on better pricing and freight mix. The company appears poised to emerge from eight years of annual losses, but executives warn its journey isn't over yet.

News & Analysis

26 Aug 2015
A new 110-door terminal in Grand Rapids, Michigan is one step in a plan to speed freight flow system-wide at YRC Worldwide subsidiary Holland. The regional carrier is also developing new cross-dock technology to better blend digital data and physical freight.
18 Aug 2015
U.S. truck tonnage increased at its strongest rate year-over-year since January, rising 3.7 percent in July and 2.8 percent from June. High inventories levels could set limits on future tonnage growth, unless those inventories are drawn down this fall.
13 Aug 2015
The 28 percent drop in retail diesel fuel prices in the second quarter cut shipper transportation expenses and boosted trucking profits, with the publicly owned motor carriers tracked by JOC.com increasing their combined operating profit by 13 percent. Higher sustainable profits in turn fuel the expansion of capacity needed by shippers.
03 Aug 2015
ArcBest rode a company-wide wave of freight demand in the second quarter, with less-than-truckload carrier ABF Freight System and asset-light subsidiaries increasing revenue and profit. The asset-light businesses, however, grew faster than the asset-based LTL division.
30 Jul 2015
Old Dominion Freight Line barely downshifted as the economy slowed in early 2015, increasing revenue, profit, shipments and tonnage year-over-year in the last quarter.
30 Jul 2015
A steep drop in fuel surcharges coupled with an increase in driver wages helped drag profit and revenue down at Con-way Freight and Con-way Truckload. Menlo Logistics lost revenue, but managed to increase profit.

Commentary

Less-than-truckload growth accelerated in a big way in 2014 as total market revenue grew 7.5 percent to a record $35.4 billion. After years of losing share to parcel and truckload carriers, it seems the LTL industry is finally regaining some of its old business.

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.