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

02 Dec 2016
A stronger-than-expected third quarter for the US economy bolstered trucking employment, but trucking hiring is still knocking against a ceiling.
05 Jan 2016
Land Air Express of New England missed a 60-day deadline to respond to a proposed 'unsatisfactory' safety rating, leading to the Dec. 29 out-of-service order that shut the less-than-truckload carrier down. But the company has a chance to get back on the road, if regulators find it is making a "good faith" effort to improve safety fitness.
04 Jan 2016
The U.S. government closed one of the largest trucking companies in the Northeast, Land Air Express of New England, last week, but has not released details to the public on why the carrier was shut down.
16 Dec 2015
A steady influx of e-commerce shipments on the ground gave FedEx lift in the quarter that ended Nov. 30, despite weakness in global trade and faltering U.S. industrial production.
14 Dec 2015
Old Dominion Freight Line is adding a second terminal in St. Louis, Missouri, expanding its less-than-truckload service in the city and the Midwest.
04 Dec 2015
Transporation holding company Arcbest, the parent of ABF Freight, expanded its asset-light business by adding truckload broker Bear Transportation to fast-growing ABF Logistics.

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.