UPS commonly refers to its ground package tractor-trailers as “feeders”; these vehicles are distinct from the UPS Freight fleet. An additional challenge is the potential for various additional LTL accessorial charges. The company currently employs 425,000 people and has over 29,000 tractors and over 113,000 trailers. What is the largest trucking company in the United States? Ranking 9th on this list of the top 10 largest trucking companies in the world is Old Dominion Freight Line, an American less than truckload shipping company. FTL is the most plentiful freight mode service offered with roughly 700,000 for hire motor carriers. Last year, Old Dominion Freight Line generated USD 4.04 billion in revenues — making it one of the top trucking companies in the world by revenue. UPS ranks number 1 on this list of the top 10 largest trucking companies in the world due to achieving the highest revenues among the top trucking companies in 2020. RC Worldwide has a comprehensive network in North America and offers to ship of industrial, commercial, and retail goods. XPO Reports Highest Quarterly Revenue Ever at $4.67 Billion XPO Logistics Inc. posted better-than-expected earnings and its highest-ever quarterly revenue for the fourth quarter of 2020. Largest LTL Carrier: FedEx Freight Raj Subramaniam, president and COO of Fed Ex Corp., parent of the nation’s largest LTL carrier, said recently that he was “not pleased” with overall financial performance of many units. Just how big is the global truck industry? Southeastern Freight Lines Opened three new termininals in 2012; $703. Leading the way for the top trucking companies is UPS — the largest trucking company in the world by revenue. While in the few previous years LTL carriers were put under huge pressure of supplying shippers with necessary capacity and equipment, things will become more balanced in 2020. Data shows that trucking moves 71% of all the freight in America, and nearly 6% of all the full-time jobs in the country are in the trucking industry. https://blog.intekfreight-logistics.com/top-ltl-truckload-freight-companies Cost saving opportunities with LTL shippers can be found through LTL volume pricing quote, LTL classification under an FAK program or consolidation program. Global trucking industry stats and trends you should know. The alternatives to LTL carriers are parcel carriers or full truckload carriers. One of the most successful trucking companies, XPO Logistics, Inc. is the 7th best-performing stock of the last decade on the Fortune 500. An example to illustrate the point is a company that ships styrofoam. The LTL and truckload freight modes address specific needs for shippers, which we’ll address in the next two sections of this article. Ranking 4th on this list of the top 10 largest trucking companies in the world is Knight-Swift, a publicly-traded, American, truckload motor shipping carrier based in Phoenix, Arizona. Saia Motor Freight Line Largest yield increase for public LTL carriers in 2012; $875 . Privacy & Cookie Notice. The 5 largest LTL carriers together have $16.2 billion in annual revenues and 46.4% market share. B. In 2019, Knight-Swift generated revenues of USD 5.34 billion — making it one of the top 10 trucking companies in the world by revenue and one of the largest trucking companies in the US. Of course, higher demand for LTL carriers will result in reduced capacity so that rates will increase. Ranking 6th on this list of the best trucking companies in the world is YRC Worldwide, a holding company of freight shipping brands YRC Freight, New Penn, Holland, and Reddaway. Additionally, the demand for trucking services won’t go away any time soon as entire economies rely on them for transportation of all types of goods. Like LTL, full truckload standard and expedited options are available for either dry and temp-controlled service for shippers. More capacity, balanced demand. Large LTL carriers such as YRC operate expensive hub-and-spoke networks of hundreds of terminals with thousands of union-covered employees on the payroll. Schneider operates 13,700 tractors and 37,800 trailers — making it one of the top 10 trucking companies by revenue and operations. What is the largest trucking company in the United States and the world? Review our J.B. Hunt currently operates over 15,808 tractors and 33,510 trailers; and also employs over 29,056 people. If you have a small or medium-size company, you know one of the best ways to increase sales and grow brand awareness is to partner with a large-scale retailer. Want to take full advantage of BizVibe with detailed insights, company tracking, and more? UPS Headquarters: Sandy Springs, Georgia, USA, FedEx Headquarters: Memphis, Tennessee, USA, XPO Logistics Headquarters: Greenwich, Connecticut, USA, XPO Logistics Number of Employees: 100,000. Thus, large LTL carriers have begun the process of enhancing their service centers for the robotic future. FedEx is also known as one of the largest third-party logistics companies in the world. Truckload also offers liquid tankers and various flatbed mode options. “There is a ton of LTL capacity in the market,” says Brian Thompson, chief commercial officer for SMC3, a data provider that helps optimize LTL freight transportation across the supply chain. The company is known for logistics services including ground and air expedited transportation, supply chain consulting, transportation management, truckload brokerage, container delivery, and warehousing, as well as household moving services. Two-thirds of business comes from operations in Eastern Canada while the rest is from Western Canada. The entire trailer could be filled with product, but it weighs no more than 10,000 pounds. Raj Subramaniam, president and COO of Fed Ex Corp., parent of the nation’s largest LTL carrier, said recently that he was “not pleased” with overall financial performance of many units. Shippers; Walmart suppliers, here’s the best way to ship to distribution centers. This post will breakdown the best trucking companies in detail and answer the following questions about the industry: BizVibe is already helping the top 10  largest trucking companies in the world connect.