The 50 largest U.S. trucking companies raised their combined revenue 5.5 percent last year to $106.6 billion, but expanded at a slower pace than in 2012.
News & Analysis
12 Feb 2014
Shippers must be more proactive to mitigate rate increases, meet truck capacity and supply chain challenges in 2014, says Andy Moses, senior vice president of global products at Penske Logistics.
23 Dec 2013
The 10 largest dedicated contract carriers increased revenue 3.9 percent in 2012, a big drop from a 17.5 percent surge in 2011. But their performance, which in part reflected weaker overall trucking demand in 2012 and a difficult comparison with the previous year’s strong gains in dedicated business, differed greatly from company to company.
16 Dec 2013
Dedicated contract carriage, long a “one-customer, one-fleet” business, is evolving beyond those roots as more complex, leaner supply chains recast shipper distribution models. Increasingly, shippers are deploying dedicated truck fleets alongside their own vehicles and for-hire tractor-trailers in “hybrid” freight networks that also might include intermodal rail as they seek the best way to deliver goods.
24 Sep 2013
While for-hire trucking companies are shedding assets and focusing on profits, a national survey of private fleet operators revealed that 67 percent of the respondents expect their operations to grow in the coming years.
11 Jul 2013
Trucking companies may have to hire as many as 60,000 additional drivers in the second half of 2013 to compensate for constraints on productivity from new hours of service rules that took effect July 1, according to FTR Associates.
13 May 2013
According to a survey conducted by GE Capital Fleet Services, 44 percent of fleet managers cited maximizing productivity as their primary concern in managing their company’s truck fleet...