Trucking Freight Brokers

Trucking Freight Brokers

Timely news, data and market analysis of transportation brokers, freight brokerage and truck freight companies. Trucks move nearly three-quarters of all domestic freight tonnage and generate nearly four-fifths of the nation’s freight bill, according to recent 2018 survey by the American Trucking Associations (ATA), the trucking sector handles nearly 70 percent of all trade between the US and Mexico, and nearly sixty percent of all US-Canada trade. Although the trucking sector is highly fragmented, the largest trucking companies in North America have increased their collective market share, year to year and decade to decade. From 2009 to 2018, the 50 largest trucking companies boosted their share of the for-hire trucking market from 27 percent to 38 percent.

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News & Analysis

09 Jul 2020
US Payroll Protection Program loans, once forgiven, will give small trucking outfits a chance to invest in much-needed technology, a tax and accounting advisory firm says.
09 Jul 2020
Uber Freight has expanded its network of transportation management system integrations by piping its instantly available capacity into the Blue Yonder freight execution system.
07 Jul 2020
A large chunk of the US trucking sector is riding on Payroll Protection Program loans, which likely averted a capacity crunch in June and may still be shielding shippers this fall.
04 Jun 2020
Werner is the latest broker to use software from Trucker Tools to tap into the app provider’s reach into the North American small carrier and independent driver population.
04 Jun 2020
Lower fuel prices are helping small trucking businesses survive the worst economy since the 1930s, according to Donald Broughton, which means shippers may find more truck capacity and less pricing pressure than expected this fall.
02 Jun 2020
The acquisition of ScanData gives Transplace broader supply chain reach as the COVID-19 pandemic accelerates e-commerce demand.
01 Jun 2020
The acquisition of FMIC from Chainalytics helps transform DAT Solutions into a broader freight intelligence business aimed at enabling shippers, brokers, and truckers to understand freight costs and pricing.
25 May 2020
Partnerships between digital freight brokers and TMS providers continue to be formalized, which should benefit shippers looking for extra sources of capacity in their core transportation planning and execution systems.
22 May 2020
Tightening truck capacity will collide with rising freight demand by 2021, flipping pricing power back to truckers next year, Coyote Logistics predicts, but consumer behavior is a wild card.
07 May 2020
Brokerage solutions maker Trucker Tools will pull parking data into an app-based platform to aid truck drivers searching for available spaces.
06 May 2020
A 9 percent boost in organic last-mile revenue signals more consumers are purchasing goods, including heavy goods, at home, a trend XPO’s CEO thinks could be permanent.
05 May 2020
A survey by two US trucking organizations reveals a shift in capacity to shorter haul lanes as the COVID-19 pandemic rapidly changes trucking markets and the mix of freight.
30 Apr 2020
The largest US logistics provider is prioritizing technology spending as the COVID-19 pandemic demonstrates why more automation and digitization is needed.
23 Apr 2020
Freight visibility provider Overhaul, fresh off a $17.5 million funding round in March, is partnering with Schneider’s broker division.
20 Apr 2020
Job losses, damage to small business shippers, and diminished expectations for a fast restart for truck freight push pandemic recovery into 2021.
16 Apr 2020
XPO Logistics CEO Bradley S. Jacobs believes the US and global economies will recover in “fits and starts” in the second half of 2020, and supply chains will become more resilient.
14 Apr 2020
Although some hope for a strong restart for trucking within months, others believe a long, staggered recovery is more likely, thanks to layoffs and small business bankruptcies.
13 Apr 2020
Widespread business shutdowns will plunge third-party logistics providers and truck freight brokers into “trench warfare” over pricing, and contribute to bankruptcies that could threaten capacity.
Top 50 Trucking Companies 2019
06 Apr 2020
The 50 largest US trucking operators in the United States saw revenue growth throttle back considerably in 2019, but 2020 is shaping up to be even worse.
03 Apr 2020
Surging e-commerce volumes continued to drive growth among the 50 largest global logistics providers in 2019, but excluding Amazon, revenue not only decelerated, it actually fell from the previous year.
26 Mar 2020
Demand to haul essential freight into areas of the US most affected by the coronavirus disease 2019 (COVID-19) outbreak is soaring this month, causing rates to climb and driver detention to increase, and resulting in difficult conversations between brokers and shippers.
26 Mar 2020
Demand for essential goods and medical supplies is drawing truck capacity even as business shutdowns dry up other sources of freight, a trend that could result in displaced capacity.
25 Mar 2020
Truck drivers can both drive and work beyond regulatory limits if they’re hauling essential goods during the COVID-19 pandemic, and shippers need to do whatever they can to make that easier.
18 Mar 2020
Truck capacity is being tightened in drive-thru-sized bites as restaurant and rest stop closings delay drivers.
16 Mar 2020
As COVID-19 response unfolds, restricted business operating hours, potential closures could complicate deliveries, solidifying a soft trucking market.
12 Mar 2020
In picking former Home Depot CFO Carol Tomé as CEO, UPS puts a former customer from retail e-commerce leader in the driver’s seat.
11 Mar 2020
Truck demand and spot rates are rising as consumers stockpile goods amid the spread of the coronavirus, but truckers worry about potential loss of work due to quarantines.
09 Mar 2020
Shippers with an eye on instability in US markets are considering innovative contract terms, including the use of volume guarantees and flexible rates.
25 largest US less-than-truckload (LTL) carriers
09 Mar 2020
Compared with the freight boom of 2018, last year was disappointing for US less-than-truckload carriers, but pricing discipline allow the largest operators to maintain — and in some cases increase — their top line revenue.
05 Mar 2020
The coronavirus outbreak will amplify pricing and capacity swings in US trucking this year, and logistics experts warn that will mean a price shock for shippers.
 XPO’s Jacobs: Technology to transform shipping sooner than you think
05 Mar 2020
“Artificial intelligence is the biggest, biggest catalyst of change that I see in the world, and in our industry,” said Brad Jacobs, the chairman and CEO of XPO Logistics.
03 Mar 2020
XPO Logistics’ founder and CEO plans to use money from the sale of non-trucking business units to increase technology spending at its less-than-truckload (LTL) operations, with a focus on pricing.
11 Feb 2020
XPO Logistics, Old Dominion Freight Line, and Saia are among LTL trucking companies that see encouraging, albeit modest and early, signs for economic growth in 2020.
17 Jan 2020
Dedicated contract carriage, final-mile service, and a digital marketplace helped carry J.B. Hunt through a tough fourth-quarter intermodal and trucking market.
16 Jan 2020
Expect the sale or spin-off of some business to make XPO more a “pure-play” LTL trucking company — smaller, but more focused on US shippers and better positioned to increase shareholder value.