Truckload Freight

Truckload Freight

The 25 largest truckload carriers in the U.S. increased their combined revenue of nearly $28 billion in 2017. JOC.com annually publishes updated data about the largest 25 truckload freight carriers. Corporate acquisitions have helped power growth among the largest truckload carriers. Some of the largest truckload carriers include Swift Transportation, Schneider National, JB Hunt, Landstar System, Prime, Werner Enterprises, CRST International, US Xpress, Crete Carrier and Knight Transportation.

Commentary

In his Nov. 16 tweet promoting the rollout of Tesla’s new electric semi-truck, Tesla CEO Elon Musk promised, “This will blow your mind clear out of your skull and into an alternate dimension.”

News & Analysis

10 Jul 2020
With COVID-19 flare-ups endangering reopenings across the country, the road to recovery for US shippers and transportation providers will likely look more like a mountain switchback than a sharp incline.
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.
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.
07 Jul 2020
Intermodal shippers are increasingly putting pressure on 3PLs to waive container fees as a precondition for business amid the coronavirus-linked recession.
06 Jul 2020
Shippers are rethinking both long-term and short-term truckload contracting and pricing strategies as freight levels rise from spring’s recessionary lows.
29 Jun 2020
Bankrupt Comcar sells its dry-van and refrigerated trucking subsidiary to Canada’s largest transportation company, which is expanding its presence in the United States.
24 Jun 2020
Shippers split between those growing during recession and those struggling need to focus on long-term supply-chain improvements to reduce costs, rather than short-term rate cuts.
23 Jun 2020
BNSF Railway has unveiled a five-day per week train service between Seattle and CSX’s Ohio hub about an hour south of Toledo.
23 Jun 2020
The pandemic-inspired shift to online shopping will have lasting effects on shippers’ transportation choices, according to the CSCMP State of Logistics Report.
18 Jun 2020
Payroll Protection Program loans could keep struggling small trucking companies in business, and prevent a truck capacity crunch shippers fear — if enough carriers apply for them.
16 Jun 2020
This month’s seasonal burst of truck freight shipping is expected to fade after Independence Day, putting more pressure on small trucking operators struggling to stay on the road.
12 Jun 2020
The addition of Gusgo Transport to its operating subsidiaries gives TFI deeper access to international containerized freight moving between the US and Canada.
10 Jun 2020
Business is slowly coming back, but safety concerns will force changes in ways carriers, shippers operate, Pitt Ohio CEO Chuck Hammel says.
09 Jun 2020
Intermodal is not seeing the same rebound in demand as trucking since the economic shutdown owing to the COVID-19 pandemic, and research firm FTR Associates does not believe containerized rail volume will fully recover to 2019 levels until sometime in 2021.
08 Jun 2020
Economists with American Trucking Associations believe the US economy will contract this year at the highest rate since 1946, and that although numbers will look much better in the second half of 2020, it will be another 12 months until markets return to pre-COVID pandemic levels.
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.
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.
29 May 2020
After spiking in March owing to increased demand for essential goods amid the COVID-19 pandemic, truck detention has receded but remains a disruptive factor for truckers that can backfire on shippers when capacity is needed.
28 May 2020
Spot truckload rates are inching up as the reopening of many businesses shifts cargo, and capacity, to the contract market. That’s tightening spot capacity as loads increase.
26 May 2020
Produce shipments from western and southern US states provoked a refrigerated spot rate spike in May, and some truck shortages in California.
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.
20 May 2020
The JOC Truckload Capacity Index indicates large US carriers are making deeper cuts in their fleets after an unprecedented 10-quarter expansion in available capacity.
20 May 2020
Comcar’s bankruptcy is a transfer rather than elimination of capacity, with new owners buying its subsidiaries and assets.
15 May 2020
Produce season and the reopening of some states to business are beginning to jump-start truck demand and spur higher spot rates in some lanes, but a long recovery is forecast.
14 May 2020
Regulators are expanding the area covered by the short-haul exemption to trucking hours of service rules, and that brings opportunities to drayage and e-commerce delivery carriers.
14 May 2020
The new final US hours-of-service rule gives truckers more flexibility in how they use their daily hours, but shippers get a gift of capacity that could help extend their pricing power.
13 May 2020
A new technology platform at Werner Enterprises is designed to break down communications barriers between the truckload carrier, its drivers, and customers, and automate more of the truck driver’s workflow.
11 May 2020
A refrigerated rail service sold by Union Pacific Railroad to shippers has shut down amid the COVID-19 downturn in volumes and competition from rival BNSF Railway and other large IMCs.
08 May 2020
JOC’s Spot Intermodal Savings Index hit an 14-month low in a preliminary April reading, the first snapshot of how the COVID-19 pandemic has altered the math on how much money intermodal can save a shipper.
08 May 2020
The recession caused by the COVID-19 pandemic has erased years of trucking employment gains, bringing payroll headcounts below 2006 levels, US data shows.
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.
29 Apr 2020
Many US shippers and truckload carriers are putting off contract talks after the economic disruption caused by the COVID-19 pandemic interrupted them in mid-stride.
27 Apr 2020
Trucking companies large and small are focused on getting through the next month or two, after which they hope freight volumes will begin to recover. But that recovery may be a long one.