Games Contact us
Select Page
Kurums Logistics→Best-Of & ToolsUpdated November 2026
Manifest · the short versionKRM-LG-TOP
US less-than-truckload freight is carried by a small group of national networks and a layer of strong regional carriers. FedEx Freight is the largest and has been an independent company since 1 June 2026. Old Dominion sets the benchmark for service, XPO for technology investment, Estes is the largest privately owned network, Saia has expanded fastest and ABF Freight offers a unionised national network. Regional carriers such as A. Duie Pyle and PITT OHIO often beat all of them inside their territories. Choose by lane, not by logo.
Key takeaways
01

The market is concentrated.
Yellow's exit on 30 July 2023 removed roughly a tenth of capacity, and its freight and terminals were absorbed by the remaining carriers.

02

FedEx Freight is now a standalone company.
It completed its spin-off on 1 June 2026 and trades on the New York Stock Exchange as FDXF.

03

Service differs more than list prices suggest.
On-time performance, claims ratios and how a carrier handles exceptions vary widely and are worth more than a few points of discount.

04

Regional carriers win short hauls.
For next-day and two-day lanes inside one region, a regional specialist is frequently faster and cheaper than a national network.

How does the US LTL market work?

Less-than-truckload (LTL) carriers move palletised freight that does not need a whole trailer. Each shipment is collected locally, sorted at a terminal, trunked overnight to another terminal and delivered locally. Running that requires a fixed network of service centres, which is expensive to build, so the industry has a limited number of national players. Kurums explains the model, and how it compares with groupage and full truckload, in LTL vs FTL vs Groupage.

Two events shape today's market. Yellow, once one of the three largest carriers with roughly 10% of the market, ceased operations on 30 July 2023. Its freight was redistributed among the remaining top carriers and its terminals were sold at auction, with the largest capacity gains going to FedEx Freight and Saia according to Logistics Management. And on 1 June 2026 FedEx completed the spin-off of FedEx Freight, creating an independent, publicly traded LTL company under the ticker FDXF.

Demand has been subdued for an unusually long time. Carriers interviewed by Logistics Management for its 2026 market update described brief surges that faded within a week or two, and some freight has moved to truckload carriers that lowered their minimum shipment weights to as little as 10,000 pounds. Even so, LTL pricing has held: the major carriers announced general rate increases of around 5 to 6% in the latest round.

Which are the leading national LTL carriers?

This is an editorial comparison, not a paid ranking, and Kurums has no commercial relationship with any carrier named. Revenue figures are approximate and drawn from company reports and trade coverage.

CarrierOwnershipApproximate annual LTL revenueKnown for
FedEx FreightPublic (NYSE: FDXF) since June 2026About US$9 billionLargest network, priority and economy services
Old Dominion Freight LinePublicAbout US$5.8 billionService quality, low claims, spare capacity
Estes Express LinesPrivate, family-ownedAbout US$5 billionLargest private carrier, broad coverage
XPOPublicAbout US$4.9 billionTechnology investment, network expansion
SaiaPublicAbout US$3.2 billionRapid terminal expansion beyond the South-East
ABF Freight (ArcBest)PublicPart of ArcBestUnionised national network, managed logistics
R+L CarriersPrivateNot disclosedFamily-owned national coverage
TForce FreightPart of TFI InternationalPart of TFINational network, formerly UPS Freight
Approximate annual LTL revenue of the largest US carriers, US$ billionFedEx Freight9bnOld Dominion5.8bnEstes5bnXPO4.9bnSaia3.2bn
Approximate figures from company reports and trade coverage. Estes is privately owned and its figure is an estimate.

What is each carrier best for?

FedEx Freight is the largest LTL carrier in the country. At the time of its listing it reported a network of 365 locations, about 26,000 service doors and around 40,000 employees. It offers two service levels: a faster priority service and a cheaper economy one. As an independent company, its management now focuses solely on LTL. Analysts have noted that its service metrics have historically trailed those of the best-rated peers, and the first quarters after the spin-off are worth watching for changes in pricing and investment.

Old Dominion Freight Line is the carrier others are measured against. It has topped Mastio's long-running survey of shipper satisfaction among national carriers for sixteen consecutive years, and it deliberately keeps spare capacity in its network, widely reported as around 30%, so that service does not degrade when volume rises. It is rarely the cheapest. It suits freight where a missed delivery or a damage claim is expensive.

Estes Express Lines is the largest privately owned LTL carrier and has expanded by acquiring terminals, including many formerly operated by Yellow. Private ownership lets it invest on a longer horizon. It offers broad national coverage and a range of time-critical and final-mile services.

XPO has rebuilt itself around LTL after spinning off its other businesses. It has invested heavily in linehaul, terminals and pricing technology, and its tools for tracking and integration appeal to shippers with high volumes and their own systems.

Saia began as a South-Eastern regional carrier and has become a national one, opening 21 terminals in a single year as it took on former Yellow sites. Its coverage is now coast to coast. Rapid expansion brings newer facilities, and shippers on newly opened lanes should check performance there specifically.

ABF Freight, part of ArcBest, runs a unionised national network and is paired with ArcBest's wider logistics services. It has a strong reputation for handling difficult freight and for stability.

R+L Carriers and TForce Freight complete the national picture. R+L is family-owned with national coverage. TForce, formerly UPS Freight, is owned by Canada's TFI International.

Dispatch noteAsk every carrier for its on-time percentage and claims ratio on your specific lanes over the last two quarters, not its national averages. A carrier that is excellent between Chicago and Atlanta can be mediocre between Denver and Seattle.
Advertisement

When is a regional carrier the better choice?

More often than national advertising suggests. Regional carriers concentrate their terminals in one part of the country, which lets them offer next-day and two-day delivery over distances a national network handles in two or three.

CarrierCore territoryTypical strength
A. Duie PyleNorth-EastDense next-day coverage; ranked 16th-largest LTL carrier
PITT OHIOMid-Atlantic and MidwestNext-day service, strong regional partnerships
Dayton FreightMidwestShort-haul reliability
Southeastern Freight LinesSouth-East and South-WestHigh service ratings in its region
AverittSouthRegional network with partner coverage elsewhere

Regional carriers extend their reach through partnerships with carriers in other regions, so a single bill of lading can cover a cross-country move. For freight that stays inside one region, they are usually the first quotation to get.

How should you compare LTL carriers?

On six factors, weighted by what your freight needs.

FactorWhat to look atWhy
CoverageDirect service to your origin and destination ZIP codesInterlined freight changes hands and takes longer
Transit timePublished days and actual on-time percentageStandard transit is an estimate, not a guarantee
Claims ratioShare of shipments with damage or lossHandling quality varies widely
PriceDiscount, minimum charges, fuel surcharge scheduleThe discount is only one of several moving parts
AccessorialsFees for liftgate, residential, appointment, reweighOften decide the real cost
TechnologyTracking, API or EDI connections, digital paperworkReduces manual work at volume

Price is harder to compare than it looks. Each carrier publishes its own base rates, so a 70% discount from one can be more expensive than a 60% discount from another. Compare the net charge for the same shipment. Then check the rules tariff for accessorial fees, which Kurums explains in accessorial charges.

Hold · check this firstFreight class errors now cost more. Since the classification changes that took effect in 2025, many more commodities are classed by measured density, and terminals scan dimensions automatically. Read the Kurums guide to LTL freight class and density pricing before tendering freight on estimated dimensions.

Should you book direct, through a broker or with a 3PL?

It depends on volume.

  • Direct with carriers suits shippers with regular volume who can negotiate their own pricing agreement and want a direct relationship for claims and service issues.
  • Through a freight broker or 3PL suits smaller or irregular shippers. Brokers pool many customers' volume to obtain discounts and give access to several carriers through one account.
  • Through a transport management system suits shippers who want to rate-shop across their own carrier contracts automatically. Kurums compares tools in Best Freight Procurement Software and lists no-cost options in Free Freight Quote Tools.

A common arrangement is two or three direct carrier agreements for core lanes, plus a broker for everything else.

What should you watch in the LTL market?

  • FedEx Freight as a standalone business. Its pricing, service investment and capital spending are now set by a management team focused only on LTL.
  • Capacity versus demand. Carriers have added terminals since Yellow's exit. If freight volumes recover, that capacity gives them room; if not, competition for freight will sharpen.
  • Density-based pricing. Dimensioning technology is making measured space, not commodity description, the basis of the bill.
  • Fuel surcharges. They move with diesel prices and can change the net cost of a shipment more than a rate increase does.
  • Truckload competition for large shipments. Above roughly six pallets, get a partial or full truckload price as well.

How do you make the final choice?

Pick three carriers that serve your lanes directly: one national, one service leader and one regional if your freight is concentrated. Send each the same month of shipment history and ask for a net price per shipment and lane-level service data. Run a trial of a few weeks on real freight, track on-time delivery and exceptions yourself, and award the lanes on what you observe.

What does a carrier scorecard look like?

Keep it to one page per carrier and update it monthly: shipments tendered, on-time pick-up, on-time delivery, damage and shortage claims, invoice accuracy including reclass and reweigh corrections, and average net cost per hundredweight on your main lanes. Share it with the carrier's account manager each quarter. Carriers respond to shippers who measure them, and the data makes rate negotiations specific.

Advertisement

Frequently asked questions

Who is the largest LTL carrier in the United States?

FedEx Freight, with annual revenue of about US$9 billion. It became an independent, publicly traded company on 1 June 2026 under the ticker FDXF.

Which LTL carrier has the best service?

Old Dominion Freight Line is the usual benchmark. It has ranked first among national carriers in Mastio's shipper survey for sixteen consecutive years. Service still varies by lane, so check performance on your own routes.

What happened to Yellow?

Yellow, which held roughly 10% of the LTL market, ceased operations on 30 July 2023. Its freight moved to other carriers and its terminals were sold, with the largest gains going to FedEx Freight and Saia.

Are regional LTL carriers cheaper than national ones?

Often, on lanes inside their territory, and they are frequently faster as well. For longer hauls they rely on partner carriers, which adds a hand-off.

How much do LTL rates increase each year?

Carriers typically announce general rate increases of around 4 to 6% a year. The most recent round was around 5 to 6%. What a shipper actually pays depends on its contract and freight profile.

Keep reading in the Logistics hub

Sources & method
  1. Logistics Management: 2026 market update, LTL holds the line
  2. FedEx: completion of the FedEx Freight spin-off
  3. Commercial Carrier Journal: FedEx completes spin-off of its trucking arm
  4. Supply Chain Management Review: 2026 LTL market update
  5. National Motor Freight Traffic Association

Rates, rankings and market figures were checked in November 2026 and move quickly; confirm with the carrier, forwarder or publisher before you commit. Kurums has no paid relationship with the companies named here.

Last updated: November 2026 · Reviewed by the Kurums Procurement editorial team. General information, not legal, customs or investment advice.

Discover more from Kurums | Business Intelligence

Subscribe to get the latest posts sent to your email.

Discover more from Kurums | Business Intelligence

Subscribe now to keep reading and get access to the full archive.

Continue reading