Top 25 US LTL Carriers (2013 Summery)

Top 25 LTL Carriers 2013

Ranking is based on 2013 revenue, in millions of dollars, including fuel surcharges.

Note: Revenue for LTL operations only, unless otherwise indicated and include Canadian operations.

Carrier

2012 Revenue

2013 Revenue

Change

Comments

1

FedEx Freight

5011

5095

1.7%

Priority shipments declined 2.0 percent.

2

Con-way

3393

3466

2.2%

3

YRC Freight

3187

3127

-1.9%

In January 2014, extended labor contract through March 2019.

4

UPS Freight

2378

2502

5.2%

In January 2014, implemented new labor contract valid through July 2018.

5

Old Dominion

1942

2126

9.5%

Most profitable public LTL carrier with an operating ratio of 85.5 percent in 2013.

6

Estes

1751

1835

4.8%

Largest privately held LTL carrier.

7

YRC regional

1641

1730

5.4%

Includes Holland, Reddaway, New Penn. Operating ratio improved to 95.4 percent in 2013.

8

ABF Freight

1669

1721

3.1%

In November 2013, implemented new labor contract valid through March 2018.

9

R+L Carriers

1250

1298

3.8%

10

Saia

1099

1139

3.7%

Achieved revenue growth while improving operating ratio from 94.7 percent to 93.5 percent.

11

Southeastern Freight Lines

875

914

4.5%

12

Averitt Express

579

606

4.6%

Rolled out climate-controlled LTL containers in February 2014.

13

Roadrunner Transportation

511

559

9.4%

Acquired Expedited Freight Systems in August 2012.

14

AAA Cooper

465

500

7.5%

15

Central Transport

380

488

28.4%

Revenue growth tied to acquisition of Vitran Express’s U.S. business in October 2013.

16

Dayton Freight Lines

353

386

9.4%

17

PITT OHIO

327

362

10.9%

Largest organic revenue increase among LTL carriers.

18

New England Motor Freight

351

358

2.0%

Division of Shevell Group of Companies.

19

A. Duie Pyle

286

293

2.4%

Achieved revenue growth while improving operating ratio.

20

Central Freight Lines

202

208

3.0%

Achieved revenue growth while improving operating ratio.

21

Daylight Transport

169

183

8.6%

Light-asset operation with concentration on the West Coast.

22

Oak Harbor

156

168

7.9%

Achieved revenue growth while improving operating ratio.

23

Wilson Trucking

150

156

6.3%

24

New Century Transportation

151

145

-4.5%

Light-asset load-to-ride hybrid LTL operation (out of business).

25

Ward Transport and Logistics

128

140

9.8%

 Returned to Top 25 list because of drop-off of Vitran.

*Revenue primarily LTL and includes less than 10 percent for truckload and other services.

Source: Company reports and SJ Consulting Group estimates

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