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

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News & Analysis

13 Mar 2019
With the current labor agreement at YRC Worldwide expiring March 31, shippers are anxious for a new contract at one of the largest US LTL operators.
12 Mar 2019
Completion of a $450 million rights offering will keep Roadrunner’s LTL and truckload capacity on the road as the operator attempts to rebuild its business.
11 Mar 2019
Warehousing and storage companies increased employment a healthy 7 percent in February, outpacing overall US employment growth of 1.6 percent.
05 Mar 2019
The second-largest US LTL carrier reported growth in shipments and revenue in the first quarter, albeit at lower rates than in 2018.
26 Feb 2019
Double-digit revenue increases may be more difficult to come by this year than in 2018, but profits and acquisitions are expected to fuel the fastest-growing truckload and LTL companies.
20 Feb 2019
US transportation markets are coming into balance, heading toward slower growth in volume and pricing in 2019, according to economic indicators and reports.

Commentary

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