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

Trucks travel on a US highway.
15 Nov 2018
The changes across the US transportation landscape, from a trade war with mainland China to seemingly unstoppable e-commerce growth, require from logistics managers a drill-like precision and agility and closer collaboration with carriers.
UPS Freight.
12 Nov 2018
UPS Freight resumed pickups and began accepting freight shortly after Teamsters employees approved a second and 'last, best, final' contract proposal Sunday.
UPS.
09 Nov 2018
Shippers search for alternate carriers as rank-and-file union members vote on ‘last, best’ offer from LTL carriers.
A truck travels in Chicago, Illinois, United States.
07 Nov 2018
At the recently completed JOC Inland Distribution Conference 2018 in Illinois, shippers and executives received a clear message concerning the economy and their shipping plan, among other insights.
A Manitoulin truck.
06 Nov 2018
The addition of Express Havre St-Pierre helps 'build out' Manitoulin Transport's truckload and LTL service map in Quebec, especially in the province's rural areas, and complements its westward expansion.
A truck travels in South Dakota, United States.
05 Nov 2018
The number of for-hire US trucking employees skyrocketed in the first 10 months of 2018, fueled by freight demand, but large trucking operators are short truck drivers in a tight labor market.

Commentary

What will the US trucking capacity situation be in five years? Will it be tighter than today, looser, or about the same? A show of hands to those questions at a panel — which I moderated at the Council of Supply Chain Management Professional’s 2018 Edge Conference — revealed most expect further tightness come 2023. Fundamentally, yours truly does not fully agree. 

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