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

19 Jan 2017
The prospect of a stronger US economy later in the year has many truck shippers advancing contract talks and freight bids to the first quarter, while carriers "hedge their bets."
13 Jan 2016
Regional less-than-truckload carrier Land Air Express of New England is no longer a member of The Reliance Netw
12 Jan 2016
After a 10-day shutdown by federal regulators, the regional LTL carrier is back on the streets, but is closing terminals in New Jersey to refocus on its core New England territory.
07 Jan 2016
Regional less-than-truckload carrier Land Air Express of New England, shut down for nearly 10 days, was cleared to resume operations after reaching an agreement with the Federal Motor Carrier Safety Administration.
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.

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.