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

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

15 Feb 2019
Despite a forecast loss of $600 million in e-commerce revenue, XPO Logistics expects to increase revenue 3-5 percent in 2019, as it enters a more mature phase of growth.
Truck US.
30 Jan 2019
This stark rates dichotomy within the truckload industry is directly tied to shipping patterns.
BNSF Lot 16 truck congestion.
29 Jan 2019
Patience is the key right now, logistics professionals say, because many BCOs and truckers are dealing with the same challenges, caused by large volumes, a chassis shortage, and now Arctic cold.
Norfolk Southern.
29 Jan 2019
Ripples from last year’s ELD mandate are still reverberating down rail tracks.
Infographic: Where the US truck drivers are
28 Jan 2019
Since 2012, small trucking companies (100 trucks or fewer) have been hiring truck drivers twice as fast as large carriers (500+ trucks).
A truck being loaded.
25 Jan 2019
Sharing information on shipments digitally will help companies make more efficient use of existing capacity.

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.