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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

An Old Dominion Freight Line truck.
18 May 2018
Finding capacity for shippers and increasing Old Dominion’s less-than-truckload (LTL) market share to 15 percent are key goals for Greg C. Gantt, the company’s new CEO. The LTL trucking company is undergoing a management transition as it seeks to overtake larger rival, XPO Logistics.
Truck on a US road.
09 Apr 2018
Full enforcement of the electronic logging device mandate began April 1, but inspectors issued a slew of violations in early 2018, federal data show.
A truck travels on a US road.
30 Mar 2018
Freight brokers with less than $16 million in annual revenue saw shipments jump 20.5 percent in the fourth quarter, but higher truck rates put pressure on margins.
Trucks on a US highway.
15 Mar 2018
The integration of several subsidiaries under Ascent Global Logistics is meant to strengthen domestic and international capabilities, as well as give shippers inroads to capacity.
XPO Logstics.
07 Feb 2018
Technology investments in the warehouse, at LTL docks, and in the last-mile delivery business are in the works at XPO Logistics, which expects consumer and business demand to propel technology in 2018.
10 Jan 2018
The need for better visibility to make smarter decisions, along with better coordinating of train switching and traffic flows on local roads, comes as North American port volume rises.

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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