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Top 25 Less-than-Truckload Carriers
| 2009 RANK |
CARRIER NAME |
2008
REVENUE ($MILLIONS) |
2009
REVENUE ($MILLIONS) |
2008 - 2009 % CHANGE |
COMMENTS |
| 1 |
FedEx Freight |
$ 4,568 |
$ 3,618 |
-20.8% |
Revenue adjusted to calendar quarters |
| 2 |
YRC National |
$ 5,706 |
$ 3,177 |
-44.3% |
Integrated Yellow and Roadway networks. Closed 160 terminals in 2009 |
| 3 |
Con-Way Freight |
$ 3,016 |
$ 2,574 |
-14.6% |
|
| 4 |
UPS Freight |
$ 2,062 |
$ 1,807 |
-12.4% |
|
| 5 |
ABF Freight System |
$ 1,600 |
$ 1,260 |
-21.3% |
2008 and 2009 results adjusted to reflect LTL revenue only |
| 6 |
YRC Regional |
$ 1,813 |
$ 1,226 |
-32.4% |
Removed terminal overlap between Holland and New Penn subsidiaries |
| 7 |
Estes Express Lines |
$ 1,332 |
$ 1,174 |
-11.9% |
2008 and 2009 results adjusted to reflect LTL revenue only |
| 8 |
Old Dominion Freight Line |
$ 1,461 |
$ 1,158 |
-20.8% |
2008 and 2009 results adjusted to reflect LTL revenue only |
| 9 |
R+L Carriers* |
$ 980 |
$ 860 |
-12.2% |
2008 and 2009 results adjusted to include fuel surcharges |
| 10 |
Saia Motor Freight Line |
$ 956 |
$ 794 |
-17.0% |
|
| 11 |
Southeastern Freight Lines* |
$ 740 |
$ 628 |
-15.1% |
|
| 12 |
Vitran Express |
$ 611 |
$ 519 |
-15.0% |
|
| 13 |
Averitt Express |
$ 588 |
$ 471 |
-20.0% |
Member of Reliance Network for national coverage |
| 14 |
AAA Cooper Transportation* |
$ 519 |
$ 418 |
-19.5% |
|
| 15 |
Central Transport International* |
$ 456 |
$ 342 |
-25.0% |
|
| 16 |
Roadrunner Transportation |
$ 367 |
$ 316 |
-13.8% |
Light-asset with full nationwide coverage. Acquired Bullet Freight (Dec.'09) |
| 17 |
New England Motor Freight |
$ 346 |
$ 311 |
-10.1% |
|
| 18 |
Pitt-Ohio Express |
$ 310 |
$ 255 |
-17.6% |
Member of Reliance Network for national coverage |
| 19 |
Dayton Freight Lines* |
$ 247 |
$ 214 |
-13.3% |
|
| 20 |
A. Duie Pyle* |
$ 236 |
$ 205 |
-13.1% |
|
| 21 |
New Century Transportation |
$ 219 |
$ 185 |
-15.5% |
Light-asset load to ride hybrid LTL operation |
| 22 |
Central Freight Lines |
$ 308 |
$ 162 |
-47.3% |
Reduction of terminal network in the Midwest and loss of major account |
| 23 |
Daylight Transport |
$ 159 |
$ 128 |
-19.3% |
Light-asset with concentration on West coast |
| 24 |
Wilson Trucking* |
$ 163 |
$ 122 |
-25.2% |
|
| 25 |
Oak Harbor Freight Lines |
$ 145 |
$ 104 |
-28.2% |
Partial workforce strike from Sept.'08 to Feb.'09 |
| TOTAL TOP 25 LTL CARRIERS |
$ 28,908 |
$ 22,028 |
-23.8% |
|
| ALL OTHER LTL CARRIERS |
$ 4,401 |
$ 3,153 |
-28.4% |
|
| TOTAL LTL MARKET |
$ 33,308 |
$ 25,181 |
-24.4% |
|
Note: Revenue for LTL operations only, unless otherwise indicated
Year-over-year decline in revenues is partially attributable to lower fuel surcharge revenues
*Revenue includes truckload and other services
Source: Company Reports and SJ Consulting Group, Inc. estimates
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