Top 25 LTL Trucking Companies

The Top 25 LTL carriers are hoping 2017 looks more like 2014, when revenue grew strongly, and less like 2015 and 2016. The combined revenue of the 25 largest LTL truckers was stuck at $32.1 billion in 2016, according to SJ Consulting data, but that was better than the 0.5 percent drop in 2015. The combined revenue of the Top 25 LTL trucking companies also is 9.6 percent higher than the pre-recession record of $29.3 billion in 2008, data show. In that same decade, the revenue of all other LTL carriers has dropped 35 percent to $2.8 billion. Total LTL industry revenue dropped 0.4 percent last year, from $35.1 billion to $34.9 billion, after falling 1 percent in 2015. This special topic page delivers the most recent JOC coverage of these 25 carriers and the LTL trucking sector.

 Key stories in LTL

News & Analysis

27 Apr 2017
Higher industrial output helped increase the frequency and weight of LTL shipments in the first quarter at Old Dominion Freight Line.
04 Feb 2016
At a time when LTL shipments and freight volumes in general declined, ODFL increased its fourth-quarter shipment count 8.2 percent, while increasing revenue and profit. Lower fuel surcharges slowed revenue growth, but the carrier outperformed its peers.
04 Feb 2016
Organic and acquisition-fueled growth in 2015 were not enough to offset declining freight volume and falling fuel surcharge revenue in the last three months of the year for Roadrunner Transportation Systems.
04 Feb 2016
ABF Freight, the less-than-truckload arm of ArcBest, laid off more than 200 dock and yard workers as LTL shipments and tonnage dropped in the fourth quarter. ArcBest's asset-light businesses saw volumes rise in the same period.
02 Feb 2016
UPS surmounted peak-season challenges to deliver 692 million packages in its busiest season — a 7 percent increase from the previous year. Big Brown said it expects higher revenue, profits and volumes in 2016, as e-commerce keeps growing.
29 Jan 2016
XPO Logistics is moving rapidly to reorganize the less-than-truckload business acquired from Con-way last fall, cutting back-office and management positions while rolling out new technology for dockworkers and truck drivers.

Commentary

Last year proved another challenging one for truckload and LTL volumes.