Revenue up 9.1 percent for 25 largest US LTL carriers
Less-than-truckload carriers took divergent routes as the U.S. economy rebounded last year, with the largest asset-based LTL freight haulers in the U.S. increasing their revenue significantly at the expense of the rest of the LTL carrier base. That points to consolidation and concentration of revenue in 2015 as the biggest U.S. LTL operators get bigger.
The 25 largest less-than-truckload motor carriers hit the pedal hard in 2014, increasing their combined revenue 9.1 percent to $32.3 billion, according to The Journal of Commerce’s 2015 list of the Top 25 LTL Carriers, prepared by Pittsburgh-based SJ Consulting Group. Total LTL industry revenue increased 7.5 percent in 2014 to $35.4 billion, according to SJ Consulting. (In its study, SJ Consulting ranks carriers by LTL revenue alone, including fuel surcharges but excluding revenue from non-LTL services such as truckload and third-party logistics.)
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