The 5 largest LTL carriers together have $16.2 billion in annual revenues and 46.4% market share. Each of the top five companies has a national footprint with tons of resources and top notch teams. There is a brief profile of each of the carriers below.
The 5 Largest LTL Carriers
Largest LTL Carrier: FedEx Freight
FedEx Freight is the largest less than truckload (LTL) carrier with approximately $5.3B in sales (estimated 2012). FedEx Freight has a market share of 14.9%. FedEx Freight’s revenue includes FedEx Custom Critical.
FedEx Corporation is based in Memphis TN and has $42.7B in revenues in 2012. FedEx Freight is one of 7 operating units owned by FedEx Corporation. The other operating units are: FedEx Express, FedEx Ground, FedEx Office, FedEx SupplyChain, FedEx Custom Critical, and FedEx Trade Networks. Click here for more info on FedEx Freight.
2nd Largest LTL Carrier: Con-Way Freight
LTL Carrier Profile: Con-Way Freight Con-Way Freight is the second largest less than truckload (LTL) carrier with approximately $3.3B in sales (estimated 2012). Con-Way Freight has 9.4% of the less than truckload (LTL) market. Con-Way Freight is the largest of three 3 operating units owned by Con-Way Inc. The other operating units are: Menlo Worldwide Logistics and Con-Way Truckload. Click here for more info on Con-Way Freight
3rd Largest LTL Carrier: YRC Freight
YRC Freight is the third largest less than truckload (LTL) carrier with approximately $3.2B in sales (estimated 2012). YRC Freight has 9.2% of the less than truckload (LTL) market. YRC Freight is the largest subsidiary of YRC Worldwide Inc. YRC Worldwide is a Fortune 500 company based in Overland Park, KS. In 2012, the company had revenues of $4.9B. The 2012 revenues were 0.4% lower than 2011, however, it was the first time in 6 years that the company earned a profit. YRC Worldwide Inc. is traded publicly on NASDAQ, YRCW. Click here for more info on YRC Freight.
4th Largest LTL Carrier: UPS Freight
UPS Freight is the fourth largest less than truckload (LTL) carrier with approximately $2.4B in sales (estimated 2012). UPS Freight has 6.9% of the less than truckload (LTL) market. UPS Freight is based in Richmond, Virginia. UPS Freight is a business segment of United Parcel Service, Inc. UPS, Inc. had $54.1B in sales in 2012. UPS Inc. operates in three segments: U.S. Domestic Package, International Package, and Supply Chain and Freight. Click here for more info on UPS Freight.
5th Largest LTL Carrier: Old Dominion
Old Dominion is the fifth largest less than truckload (LTL) carrier with approximately $2.1B in sales (estimated 2012). Old Dominion has 6% of the less than truckload (LTL) market. Old Dominion is based in Thomasville, North Carolina. The company has five primary product groups: OD-Domestic, OD-Expedited, OD-People, OD-Global and OD-Technology. The core business segment for Old Dominion is “LTL” or “Less than Truckload” carrier. Old Dominion also provide ocean freight service including full container load (FCL) and less-than-container load (LCL) service offerings. Old Dominion also provides household moving services, white glove services, and trade show shipping as part of their expedited division. Click here for more info on Old Dominion.
Additional LTL Resources