Top 25 LTL Trucking Companies

In 2017, the 25 largest less-than-truckload carriers in the US increased their combined revenue 7.8 percent, as higher industrial production and disciplined pricing raised their topline. That sizable gain followed a flat year for LTL revenue in 2016 and a revenue drop of 0.5 percent in 2015, as freight demand tumbled in the latest slowdown in the long-running economic recovery.

The US economy grew at a faster rate in 2017, and strong industrial production helped create more pallets of goods to fill LTL terminals and trailers. The combined revenue of the 25 largest LTL carriers in the US reached a new record of $34.5 billion. Just two LTL carriers reported less revenue year over year in 2017, compared with 10 in 2016 and 12 in 2015.

Some of the fastest-growing LTL carriers, however, weren’t on the list. The smaller LTL and cartage companies that didn’t make the Top 25 grew faster as a group than their larger competitors, increasing combined revenue 8.5 percent to $3.2 billion. That revenue would make those small companies the fourth largest LTL carrier if they were one trucking company.

Key stories in LTL:

Special Coverage

A truck travels on a US road.
After two years in an economic rut, US trucking accelerated in 2017, led by less-than-truckload carriers before truckload carriers merged into the same fast lane later in the year.

News & Analysis

Old Dominion Freight Line.
31 Jul 2018
The mode-shifting by shippers is not only caused by tight US truckload capacity, but also changing retail dynamics in the “Amazon Era.”
20 Jul 2018
Many truckload carriers are on their second round of pay hikes this year as freight demand grows faster than driver supply. Can they keep pace with the peak?
17 Jul 2018
Once cyclical, problems such as the driver shortage are becoming systemic. That threatens to ‘bake’ higher costs into transportation rates.
Roadrunner Transportation Systems.
11 Jul 2018
The trucking and logistics operator — the 15th largest in the United States — may issue new stock or consider new equity or debt capital as it restructures.
Covenant Transportation Group.
05 Jul 2018
The Landair Holdings acquisition underscores strong shipper demand for dedicated services to meet delivery demands.
28 Jun 2018
Sponsored: FedEx Trade Networks' Dr. Udo Lange on the art of matching customer needs with freight forwarder capabilities.  

Commentary

Using predictive analytics, the Port of Montreal this year will alert drayage drivers when it looks as if truck turn times will be long, and use data collected on terminal gate movements to lessen the impact of rail switching on trucks.

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