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

The largest domestic truckload and less-than-truckload (LTL) carriers reported double-digit percentage revenue gains in 2018 thanks to strong US economic growth and the tightest trucking market on record.

News & Analysis

20 Sep 2019
The need for speed and distribution points closer to customers is fueling growth and demand for more capacity among LTL carriers, even in a softer overall freight market.
19 Sep 2019
Less-than-truckload carriers are asking shippers to start using digital bills of lading, which would provide better track-and-trace capability on shipments so receivers know when their orders will arrive.
18 Sep 2019
When it comes to profitability, FedEx’s less-than-truckload arm outperformed its bigger, package-focused sister divisions, while gaining e-commerce business.
18 Sep 2019
The second-largest US less-than-truckload company will add or expand eight terminals in the second half of 2019 as the LTL sector takes a long-haul view of the economy.
16 Sep 2019
An agreement between two of the oldest US regional LTL carriers is designed to speed cross-country LTL shipments, and reduce costs for trucking operators and shippers.
13 Sep 2019
Multiregional LTL carrier Saia adds three new terminals in the Northeast and expands in Philadelphia amid a market giving off mixed signals.

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.