Top 25 Truckload Companies

Top 25 Truckload Companies

In 2017, the 25 largest truckload carriers in the US increased their combined revenue 5.4 percent to nearly $28 billion, as freight demand quickened in the second half of the year. Revenue increased at 20 of the Top 25 Truckload Carriers last year, compared with 10 in 2016, a sign truckload carriers pulled out of the economic mire that slowed them in 2015 and 2016.

Acquisitions helped power growth among the largest truckload carriers, boosting revenue significantly at heavy-haul specialist Daseke and dry van carrier CRST International. If 2018 continues as strong as it began, and they can find and hire qualified truck drivers, the largest truckload carriers are likely to pull even with their faster-growing LTL counterparts.

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News & Analysis

06 Jan 2022
The fast-spreading variant of COVID-19 likely won’t affect trucking as much as warehousing and aviation, but its indirect impact will put more pressure on already high trucking costs.
14 Dec 2021
The diversion of freight from intermodal rail to truck adds miles to import shipments, significantly increasing costs, the Cass Freight Index finds.
07 Dec 2021
The for-hire trucking industry lost jobs in November, as it typically does, but fewer than anticipated as couriers and warehouses grabbed the most new employees amid strong pre-holiday demand.
06 Dec 2021
The largest US truckload operator acquired its second LTL carrier this year, bringing it closer to a national network and more than $900 million in LTL revenue.
06 Dec 2021
Several factors are diminishing shipper expectations for new truck capacity in 2022, as Class 8 truck production and delivery dates are pushed out more than a year and backlogs build.
10 Nov 2021
Desire for “one-stop shopping” leads to the consolidation of Transport America and MCT with long-haul truckload carrier CFI to create a broader — not just bigger — trucking company.
08 Nov 2021
An exemption to the US’ large employer vaccine mandate granted to outdoor workers may cover truck drivers, the American Trucking Association argues. But it’s not clear that exemption would apply to all types of truck drivers.
05 Nov 2021
Bigger than expected gains in warehousing and trucking in October are welcome amid ongoing reports of labor shortages.
05 Nov 2021
The Biden administration’s COVID-19 vaccination and testing mandate for large employers will affect truck capacity and pricing, but questions about the extent of its impact remain.
04 Nov 2021
A survey of independent truckers and small trucking firms by Truckstop.com and Bloomberg Intelligence found them optimistic about the potential for higher contract and spot rates next year.
03 Nov 2021
A truck driver survey underscores the threat of potential service disruptions from an upcoming US vaccine mandate for large employers, with 36 percent of drivers showing no interest in vaccination.
02 Nov 2021
Trucking companies are seeking an exemption to the COVID-19 vaccine mandate being implemented by the US government for large employers, which they say would further disrupt already tight US trucking capacity.
28 Oct 2021
Truckload pricing will continue to rise into 2022, with the “deflationary leg” of the market starting in the second quarter next year, Coyote Logistics said in its latest Coyote Curve forecast.
26 Oct 2021
The ongoing semiconductor shortage is reducing deliveries of new trucks in North America and threatening the addition of much-needed capacity in 2022, and perhaps beyond.
21 Oct 2021
Demand and disruption are fueling growth at both Knight-Swift Transportation and Landstar System, neither of which see a reduction in demand or pricing in a changing truckload landscape.
20 Oct 2021
Supply chain disruption is slowing economic growth, but “postponed” demand is expected to reemerge in 2022, keeping US freight capacity tight and transportation pricing high.
06 Oct 2021
The backlog of freight in Southern California is forcing more shippers to the truckload spot market as they search for any available capacity to speed goods inland.
29 Sep 2021
Speakers at the Coyote Logistics Digital Summit said some truckload capacity is creeping back into a very tight market, but not to expect major changes in rates, especially for shippers on the “import side.”
28 Sep 2021
Although national spot rate averages are flat, significant increases in dry-van truckload volumes from US ports are tightening pricing pressure in long-haul lanes as importers rush goods further inland.
27 Sep 2021
Trucking equipment manufacturers are raking in new orders for trailers and tractors, but it may be well into 2022 before they roll off production lines ready to move freight.
21 Sep 2021
Demand fueled tonnage growth at for-hire contract carriers in August, according to the American Trucking Associations, but supply chain disruption and shortages still constrain overall capacity.
13 Sep 2021
Iowa-based CRST is installing a telematics-based fleet management system the truckload carrier claims will benefit both drivers and shippers seeking supply chain intelligence.
29 Aug 2021
Instead of waiting for autonomous trucks, shippers starving for capacity should automate processes starting with freight pickup and delivery to save drivers time, says MIT FreightLab’s co-director.
12 Aug 2021
Forget the fall, the peak US truck shipping season is under way now, trucking analysts say, with spot truckload rates elevated and contract rates still climbing.
03 Aug 2021
US retail sales, excluding autos, are rising faster than inventories, even where inventories are increasing, and that’s putting more pressure on over-stressed supply chains and trucking capacity.
30 Jul 2021
Tight intermodal rail capacity and a massive wave of US imports are encouraging transloading to trucks and boosting truckload spot rates from Southern California to inland distribution points.
19 Jul 2021
Truckload rates should begin to flatten as freight volumes and networks “max out,” but shippers shouldn’t expect pricing to slip very far, Michigan State University’s Jason Miller tells JOC.com.
14 Jul 2021
An ‘unprecedented’ number of new motor carriers is hitting US roads, but they represent a shift in capacity, not an expansion, according to experts.
09 Jul 2021
More buyouts, big and small, are likely in trucking as carriers battle for assets and especially truck drivers. But they’re also responding to opportunities created by shifts in freight demand.
07 Jul 2021
US shippers need to rethink how they move goods across the US-Mexico border, experts say, as supply chain disruption tightens truck capacity and amplifies an imbalance in north-south trade.
06 Jul 2021
The $1.35 billion acquisition of multi-regional LTL carrier AAA Cooper broadens the largest US truckload operator’s service portfolio as more e-commerce freight flows toward the LTL marketplace.
02 Jul 2021
The acquisition of 80 percent of ECM Transport gives long-haul carrier Werner a regional, short-haul presence as e-commerce demand grows and truck drivers remain scarce.
23 Jun 2021
A lack of truck drivers and equipment, not a cooler economy, is behind a recent drop in for-hire trucking tonnage and spot market volume, as demand overshoots supply chain capacity.
11 Jun 2021
Knight-Swift Transportation, one of the top five US domestic intermodal providers, will be leaving BNSF Railway on Jan. 1, 2022, to partner with Union Pacific Railroad in the western US.
04 Jun 2021
The US for-hire trucking industry has added 25,100 jobs over the past three months, but the US economy appears to be expanding faster than trucking recruiters can hire workers.
02 Jun 2021
The Coyote Curve truckload market forecast calls for a new spot pricing peak in the third quarter, but the pricing cycle may not turn downward until 2022.

Commentary

The electronic logging device means big data analysis is possible across the trucking/logistics sphere — and that opens up a world of opportunities for improved efficiency, fleet optimization, and more.

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