Top 25 LTL Trucking Companies

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:

Top 25 LTL 2017: LTL carriers pave way to growth in challenging market

Top 25 LTL 2016: Lower fuel surcharges, soft demand squeeze revenue

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

Top 25 LTL 2014: Revenue Growth at LTL Truckers Drops

Top 25 LTL 2013: Economic Slowdown Detours LTL Growth

Top 25 LTL 2012: LTL's Second Wind

Top 25 LTL 2011: LTL's Incomplete Recovery

J. Harwood Cochrane: Present at the Birth of Trucking

News & Analysis

08 Oct 2021
LTL carriers including Old Dominion Freight Line are turning to surcharges to keep over-sized, unwieldy shipments from clogging their networks, taking a page from parcel carriers.
05 Oct 2021
Recent merger and acquisition activity, such as the ArcBest-Molo deal, proves many investors believe opportunity lies in third-party logistics providers.
29 Sep 2021
The $235 million acquisition of MoLo Solutions will double ArcBest’s available capacity and reflects an industrywide drive to access capacity across modes and networks.
27 Sep 2021
Trucking equipment manufacturers are raking in new orders for trailers and tractors, but it may be well into 2022 before they roll off production lines ready to move freight.
22 Sep 2021
The largest US trucking company, FedEx Freight, is improving profits while handling more cargo, as sister division FedEx Ground deals with congestion blamed partly on labor shortages.
21 Sep 2021
Demand fueled tonnage growth at for-hire contract carriers in August, according to the American Trucking Associations, but supply chain disruption and shortages still constrain overall capacity.
07 Sep 2021
Less-than-truckload carrier Old Dominion Freight Line hopes to counter the threat of COVID-19 to its own employees and its customers with a financial vaccination incentive.
03 Sep 2021
Rather than adding terminals, XPO says it is deploying technology to better utilize existing space in its trailers and speed trucks, effectively expanding the capacity it can offer customers.
29 Aug 2021
Instead of waiting for autonomous trucks, shippers starving for capacity should automate processes starting with freight pickup and delivery to save drivers time, says MIT FreightLab’s co-director.
20 Aug 2021
As supply chain disruption increases, tracking technology and higher detention charges are two methods LTL carriers are using to combat trailer detention and encourage shippers to speed turns
12 Aug 2021
Forget the fall, the peak US truck shipping season is under way now, trucking analysts say, with spot truckload rates elevated and contract rates still climbing.
10 Aug 2021
Old Dominion Freight Line, the second-largest US LTL carrier, is accelerating a $275 million expansion plan as surging LTL becomes more central to the consumer economy.
15 Jul 2021
Digital broker Uber Freight is expanding its truckload platform to encompass LTL, as strapped US shippers turn to LTL carriers and 3PLs such as BlueGrace for capacity.
14 Jul 2021
An ‘unprecedented’ number of new motor carriers is hitting US roads, but they represent a shift in capacity, not an expansion, according to experts.
09 Jul 2021
More buyouts, big and small, are likely in trucking as carriers battle for assets and especially truck drivers. But they’re also responding to opportunities created by shifts in freight demand.
06 Jul 2021
The $1.35 billion acquisition of multi-regional LTL carrier AAA Cooper broadens the largest US truckload operator’s service portfolio as more e-commerce freight flows toward the LTL marketplace.
29 Jun 2021
Waves of freight are flooding the less-than-truckload market from all sides, and shippers will need to be "creative" to get capacity, according to Yellow CEO Darren Hawkins.
25 Jun 2021
The largest US trucking company is more profitable than ever despite the capacity and service challenges posed by waves of e-commerce-generated freight and a resurgent industrial economy.
23 Jun 2021
A lack of truck drivers and equipment, not a cooler economy, is behind a recent drop in for-hire trucking tonnage and spot market volume, as demand overshoots supply chain capacity.
21 Jun 2021
Teamsters at Yellow’s western regional carrier Reddaway agreed to drop their standalone contract and join Yellow’s national master agreement, a step that makes integration of Yellow’s brands easier.
16 Jun 2021
FedEx Freight’s “targeted volume controls” on select shippers amplify industry-wide less-than-truckload capacity constraints that are reshaping the LTL business and sending rates soaring.
11 Jun 2021
CEO Darren Hawkins pledges cooperation with congressional subcommittee investigating its $700 million loan and defends Yellow’s claim to be a major military trucking supplier, saying CARES Act saved critical LTL capacity as well as jobs.
04 Jun 2021
The US for-hire trucking industry has added 25,100 jobs over the past three months, but the US economy appears to be expanding faster than trucking recruiters can hire workers.
03 Jun 2021
Double-digit year-over-year increases in volume and revenue at Old Dominion Freight Line set a benchmark for US economic and LTL sector growth since the worst point of the recession.
21 May 2021
Less-than-truckload carriers are becoming a transload option for importers forced to choose between speed and cost of delivery amid port congestion and intermodal delays.
19 May 2021
US shippers and truckers are struggling to expand their trailer pools as demand for drop-and-hook trailer service rises and manufacturing backlogs stretch into 2022.
14 May 2021
Regional LTL carrier A. Duie Pyle is expanding its integrated logistics center in Hagerstown, Maryland, as existing customers seek more services, including managed transportation and warehousing.
03 May 2021
US LTL pricing continues its climb, as inflationary pressures from driver wages to the cost of purchased transportation accelerate rate hikes. Both carriers and 3PLs report high LTL volumes.
30 Apr 2021
Estes Express Lines is gaining new business near seaports, but the fourth-largest LTL carrier is also investing in infrastructure, technology, and people, propelling its growth ahead of competitors.
26 Apr 2021
Despite a sharp overall drop in the number of truck driver speeding violations last year, excessive speeding remains a problem, FMCSA violations data show.
22 Apr 2021
The second-largest standalone US LTL carrier says it will build four to six additional terminals this year, as demand for retail and industrial freight pushes LTL carriers to expand.
20 Apr 2021
Unadjusted US tonnage data from the American Trucking Associations shows freight returned to the highways after a frozen February, propelling truck spot pricing to a new ceiling.
19 Apr 2021
The asset-light, long-haul LTL carrier Roadrunner Freight is pursuing 'enterprise’ shippers as well as 3PLs as it re-engineers its network while focusing on service quality and operating margins.
13 Apr 2021
Darrel Harris joined the former YRC Worldwide in November and will now lead efforts to transform Yellow into a profitable multi-regional less-than-truckload carrier.
07 Apr 2021
Technology firms driving autonomous trucking forward are seeking the investment and partnerships they need to expand rapidly, anticipating growing demand.
05 Apr 2021
US trucking companies reversed a three-month decline in jobs in March, but they haven’t escaped the employment crater created by the COVID-19 pandemic and recession.

Commentary

It is shocking that the less-than-truckload (LTL) sector continues to operate with legacy business practices from the reg

More Commentary