Industry revenue of “general freight trucking, less than truck-load“ in the U.S. 2011-2023

Less than truckload accounts for a smaller share in the U.S. overall trucking industry as compared to along-distance truckload, with cumulative revenues of just over 49 billion U.S. dollars over the period 2013-2018. Industry growth over the short to medium term is expected to be marginal with revenues increasing from 43.8 billion U.S. dollars in 2018 to 46.9 billion U.S. dollars at a CAGR of just 1.4%.

FedEx Freight is the leading less-than-truckload operator in the country with revenues of 7.4 billion U.S. dollars in 2018, followed distantly by Old Dominion (4 billion), XPO Logistics (3.8 billion), YRC Freight (3.2 billion) and Estes Express Lines (2.8 billion). FedEx’ growth in this category can be traced back to 2008 when it took steps to reduce transit times by 50% along many routes such as Las Vegas area to Oakland, San Jose, Sacramento, Bakersfield and other large cities in Central California, and from Vancouver, British Columbia into the U.S. Pacific Northwest. It also made its first foray in this segment in Canada by launching its subsidiary FedEx Freight Canada.

Industry revenue of “general freight trucking, less than truck-load“ in the U.S. from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

The industry classification is based on the Naics 2017 - system in the U.S.. The industry “general freight trucking, long-distance, less than truckload“ has the code “484122“.

Details on the methodology can be found here.

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