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

23 Feb 2017
Shipper demands for more integrated services helped spur merger of regional less-than-truckload carriers Central Freight Lines and Wilson Trucking.
17 Mar 2016
Suggestions that Amazon.com’s forays into air freight and logistics might disrupt the business of traditional package carriers or compete with them are “fantastical,” FedEx founder and Chief Executive Officer Fred Smith said Wednesday. “Let me emphasize I choose this word carefully,” Smith said.
11 Mar 2016
Revenue at the Top 25 U.S. LTL and truckload carriers declined overall in 2015, and any revenue gains were muted, two industry rankings researched and prepared for JOC.com by SJ Consulting Group show.
09 Mar 2016
The first shoots of spring U.S. freight demand appeared in February, with Saia and Old Dominion Freight Line reporting increases in shipments that could signal stronger or at least more stable manufacturing and freight shipping activity.
25 Feb 2016
Downturn? Recession? They're not in XPO Logistics' sights this year. The $7.6 billion logistics and transportation company sees e-commerce fueling many of its asset-based and non-asset business segments in North American and Europe.
19 Feb 2016
Third-party logistics providers already control about 25 percent of the less-than-truckload freight market, and that share is growing, as shippers look for 3PLs with assets and broad portfolios.

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.