In a freight landscape reshaped by acquisitions, rising rates, and shifting market dynamics, the less-than-truckload (LTL) sector remains a backbone of North American logistics. In August 2025, our research at TransportReports.com reveals which carriers stand out—based on revenue, network strength, innovation, and reputation.
1. FedEx Freight – Holding the Crown
With over $9 billion in revenue in 2024, FedEx Freight retains its lead as the largest LTL operator in the U.S. The company is preparing a spin-off of its freight division, expected to be finalized by mid‑2026, a move that could unlock significant strategic value.
2. Old Dominion Freight Line (ODFL) – Precision and Reliability
With 261 service centers and a fleet of more than 22,500 trailers, Old Dominion is a paragon of operational discipline and on-time delivery, trusted widely for time-critical and delicate freight. It consistently earns top rankings for performance, reliability, and damage-free shipping.
3. Estes Express Lines – Family Roots, Nationwide Reach
A privately-held powerhouse dating back to 1931, Estes operates over 240 terminals and a fleet boasting thousands of tractors and trailers, supported by more than 20,000 employees. Known for its customer focus, convenience services, and strong regional coverage, its values continue to steer its growth.
4. XPO Logistics – Rapid Expansion & Tech Edge
As the second-largest LTL provider in North America, XPO reaches nearly every U.S. zip code through its 614 locations. Recent earnings show a 6.7% bump in yield per shipment, partially fueled by strategic acquisition of former Yellow facilities, which expanded its footprint quickly.
5. TFI International & ABF Freight – Underrated Giants
TFI International may not always headline LTL discussions, but its 2024 operations included a powerful LTL segment across the U.S., Canada, and Mexico, boosted by a sophisticated network of thousands of assets. Meanwhile, ABF Freight, a long-standing subsidiary of ArcBest, is lauded for awards in security and claims management, reflecting trusted service.
Honorable Mentions: Dependable Mid-Market Contenders
R+L Carriers: Known for its service depth and reliability in the mid-tier segment.
Saia: With over $1.8 billion in revenue and expansive coverage via acquisitions like Yellow terminals, it continues a steady climb.
Central Transport, Southeastern Freight Lines, and others round out a list of consistent, trusted providers driving regional efficiency.
What Makes These Carriers Stand Out?
| Factor | Why It Matters |
|---|---|
| Scale & Reach | Ability to serve coast-to-coast with reliable transit timelines. |
| Operational Excellence | Low damage rates, precision routing, and pickup efficiency. |
| Adaptability & Innovation | Fleet optimization, tech adoption, strategic expansions. |
| Reputation & Trust | Corporate stability, customer service, and claim resolution track records. |
Final Word
As of August 2025, the LTL landscape is defined by a handful of leaders—FedEx Freight, Old Dominion, Estes, and XPO—and by agile operators like ABF, TFI, and Saia who continue to carve out growth through service quality and strategic expansions.
Looking ahead, the sector’s momentum in pricing discipline, technological rollout, and share consolidation makes it a space worth watching.
At TransportReports.com, we’ll monitor how the upcoming FedEx spin-off and evolving asset-light strategies reshape the competitive balance.
Stay informed, ship smarter, and trust the data you rely on.
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