Trucking may be a fragmented market, but the largest trucking companies in North America are increasing their market share, year-to-year and decade-to-decade. Truck pricing may be volatile, and subject to short-term swings in the US economy, but in the long-term, the growth rate of the biggest US trucking operators reveals a steady and sizeable surge of business. From 2009 through 2018, the 50 largest US trucking companies boosted their share of the for-hire trucking market from 27% to 38%, according to an analysis of data from SJ Consulting Group and the American Trucking Associations. That’s a big share for 50 companies in a field of more than 500,000 registered motor carriers operating in the United States. The SJ Consulting Group data are the basis for the annual JOC.com Top 50 Trucking Companies special report, an overview of the Top 50 carriers ranked by revenue. The ATA for-hire trucking industry revenue data are released in the association’s monthly and annual trucking reports. Over the last 10 years, the 50 largest US trucking operators increased their combined revenue 66 percent, despite seeing revenue tumble 17.7 percent during the 2008-9 recession. Last year, the combined revenue of those motor carriers reached $157.5 billion. That growth has created an entire new class of motor carriers with more than a billion dollars in annual revenue.
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