Economic slowdown reversed expansion at the 100 largest U.S. and Canadian trucking companies in 2015, pulling down their combined revenue 3.1 percent to $72.4 billion after strong growth in 2014, research by SJ Consulting Group shows.
According to the Journal of Commerce, the long-term trend for those carriers is still positive. Since the 2009 recession, top 50 less-than-truckload revenue increased 43 percent and last year was 9.7 percent higher than its 2008 pre-recession peak. Since 2010, Top 50 truckload revenue has risen 28 percent.
Revenue decelerated more quickly at the Top 50 truckload carriers last year, dropping 4.5 percent to a combined $36.8 billion. The Top 50 LTL carriers lost 1.5 percent of their 2014 gains, with their combined revenue falling 1.5 percent to $35.6 billion, SJ Consulting Group said.
The carrier data is included in the lists of the Top U.S. and Canadian Trucking Companies featured in The Journal of Commerce 2016 Guide to Trucking, published Aug. 22.
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