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:

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

A truck travels on a US highway.
22 Jan 2019
The US trucking industry is evolving faster than ever.
Infographic: New US chassis model emerges
18 Jan 2019
There are two popular operating models for running a chassis pool, but truckers want to create a third version they believe will improve cargo deliveries.
YRC Worldwide.
11 Jan 2019
For the first time in a decade, LTL operator YRC Worldwide enters contract talks without an existential threat to its survival looming.
A truck travels in Canada.
10 Jan 2019
Trucking companies want Ontario to allow overseas recruitment of truck drivers; the union says raise wages.
A truck travels in the United States.
09 Jan 2019
With the US Securities and Exchange Commission closed, Roadrunner is looking for a run-around to push its rights offering and recovery plan forward.
Trucks travel on a road in the United States.
09 Jan 2019
Widespread labor shortages affect not just trucking but all aspects of transportation and logistics.

Commentary

The electronic logging device means big data analysis is possible across the trucking/logistics sphere — and that opens up a world of opportunities for improved efficiency, fleet optimization, and more.

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