Top 50 Trucking Companies

Economic deceleration slammed the brakes on revenue growth at the largest U.S. trucking companies in 2015, sending many companies down the financial equivalent of a runaway truck ramp as inventories piled up, fuel surcharges dropped and freight demand slumped.

Year-over-year revenue fell in 2015 at 26 of the enterprises that made JOC.com list of Top 50 Trucking Companies, a sudden and sharp reversal from strong market growth in 2014, when revenue declined at only two carriers and grew by double-digits at 25 others.

Total Top 50 combined revenue increased only 3.1 percent from 2014, to $122.1 billion, compared with a 9.1 percent increase to $118.4 billion in 2014. That’s the slowest annual growth rate for the Top 50 trucking firms since the end of the recession in 2009, SJ Consulting Group said.

JOC.com and SJ Consulting Group annually rank the 50 largest U.S. trucking companies and track the group’s progress. This special topic page delivers the most recent JOC coverage of these 50 carriers.

Key Top Trucking ranking stories:

Top 50 2016 Rankings 

Top 50 2015 Rankings

Top 25 LTL 2015: Revenue up 9.1 percent for 25 largest LTL carriers

Top 50 2014: Top 50 trucking companies rode their brakes in 2013

Top 50 2013: A first: Top 50 trucking revenue exceeds $100 billion

Top 50 2014 Rankings

Top 50 2013 Rankings

Special Coverage

An unexpected economic detour slammed the brakes on revenue growth at the largest U.S. trucking companies in 2015, sending many companies down the financial equivalent of a runaway truck ramp as inventories piled up, fuel surcharges dropped and freight demand slumped.

News & Analysis

27 Apr 2016
The debate over dimensional-weight pricing has shifted from if to when it will be applied to less-than-truckload freight, the CEOs of some of the largest LTL trucking companies said at the 2016 NASSTRAC Shippers Conference.
04 Aug 2015
By cutting 800 higher cost older tractors from its fleet this year, USA Truck hopes to make more money with less capacity. The truckload carrier increased its net profit by $1.7 million in the second quarter to $2.5 million, while revenue dropped.
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.
Celadon tractor
30 Jul 2015
A successful acquisition strategy, the opening of new driver schools and expanded capacity drove Celadon Group’s revenue to a historic high mark in the 2015 fiscal year ending June 30.

Commentary

The average U.S. diesel pump price dropped below $2 per gallon for the first time since 2005 this week. With prices this low, perhaps its time for shippers and carriers to rethink fuel surcharges.

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.