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.

Key stories in TL:

 

 

Special Coverage

US for-hire truck tonnage jumped 2.8 percent in August from July, according to the American Trucking Associations, as consumers and the US economy remained resilient despite inflation.

News & Analysis

09 Sep 2022
The decline in outbound per-mile spot rates from US ports dropped more than the US average in August as normal seasonality and abnormal gridlock crimped demand, a JOC analysis shows.
08 Sep 2022
Stung by lower tractor utilization rates and rising costs, truckload carrier US Xpress pares back its technology team and real estate, and focuses on adding truckload contract business.
02 Sep 2022
While trucking makes hiring gains in the US, unadjusted warehousing and storage employment has fallen in four of the past five months, contributing to supply chain bottlenecks.
23 Aug 2022
The American Trucking Associations reports truck tonnage levels were still high in July, running counter to reports that trucking demand is weakening ahead of the fourth quarter.
22 Aug 2022
The largest truckload acquisition to date this year would put Heartland at about 11th on the Top 25 Truckload Carrier rankings prepared for JOC.com.
18 Aug 2022
Large truckload carriers are adding capacity, whether by purchasing trucks or acquiring trucking companies, and that's pushing the JOC Truckload Capacity Index to its highest level ever.
16 Aug 2022
It is “highly probable” US shippers will recover at least some of last year’s truckload rate hikes, as the Cass Freight Index shows a sequential drop in truckload linehaul costs.
12 Aug 2022
Declines in the producer price indexes for various sectors of trucking reflect falling fuel surcharge revenue and lower rates in new contracts, but don’t point to a large-scale pricing rollback.
10 Aug 2022
Strong trucking demand beyond the truckload spot market is to keep pressure on truck pricing, and will do so into 2023, speakers at a JOC webcast said Wednesday.
02 Aug 2022
The US trucking market is reinventing itself after a significant spot market correction, with larger contract carriers expecting steady freight demand through 2022 despite economic fears.
27 Jul 2022
Truckload capacity is reportedly loosening, but carrier executives say it could tighten again quickly for US shippers in a market that remains in flux.
26 Jul 2022
Seasonal trends in over-the-road trucking are re-emerging — but not pre-COVID pricing — as the market realigns, truckload carrier executives say.
20 Jul 2022
A shift of freight to contract trucking providers and rising fuel prices boosted shipper spending on trucking across the US in the second quarter, even though volumes fluctuated by region.
19 Jul 2022
Marten Transport increased its driver pool by more than 15 percent year over year in the second quarter, as the truckload carrier and its competitors seek to balance capacity, freight demand, and profitability.
15 Jul 2022
A 2.4 percent drop in the long-haul truckload producer price index for June shows contract truckload rates are softening, but prices shippers pay for LTL and specialized trucking continue to rise.
08 Jul 2022
For-hire US trucking companies have added more than 62,000 real jobs since April, a record number for the period fueled by continuing strong contract freight demand.
24 Jun 2022
European logistics company DB Schenker will offer US shippers a more integrated package of domestic and international services by adding truckload carrier USA Truck to its Land Transport division.
16 Jun 2022
P.A.M. Transportation’s purchase of Northeastern carrier Metropolitan Trucking is the latest in a string of regional acquisitions by large national companies aimed at expanding services for shippers.
15 Jun 2022
US producer price indexes show overall transportation costs and total trucking costs moved higher still in May, and S&P Global expects the trend to continue.
08 Jun 2022
Acquisitions are a tool with which profitable large carriers such as Schneider National and Heartland Express are expanding their footprints and their portfolio of services, despite market headwinds.
07 Jun 2022
The cooling of trucking’s transactional spot market signals a “realignment,” not a contraction, as shippers cement contractual agreements and freight demand rises, albeit more slowly.
01 Jun 2022
The acquisition of Smith Transport by Heartland Express points to continued strong freight demand as the shipping market seeks a new balance between contract and spot freight.
30 May 2022
Expanded use of trailer pools will help ‘consolidate truckload services’ and speed goods more efficiently, but first trucking companies, brokers, and shippers need more trailers.
23 May 2022
US Labor Department data that includes contract rates shows no drop in overall truck pricing in April, despite a truckload spot market rate plunge.
09 May 2022
For-hire trucking employment soared past seasonal expectations in April, underscoring strong demand despite declining spot market pricing.
21 Apr 2022
US shippers’ need for truck capacity guarantees in a volatile market is pushing more freight away from the spot market to contract carriers, especially the largest fleets such as Knight-Swift.
18 Apr 2022
Recent gains in manufacturing activity, including consumer goods production, suggest continued expansion of US freight demand while dampening worries about retail spending.
14 Apr 2022
Truckload spot rates have cooled considerably in the last 45 days, but a larger freight recession may not be on the horizon given demand remains strong in other modes of commercial transportation.
12 Apr 2022
Better use of existing trucks and trailers is creating truckload capacity and reducing transportation costs, but it’s not clear how long that fresh capacity will be available, DAT principal analyst Dean Croke says.
08 Apr 2022
The shift of containerized freight from the West Coast to the Gulf Coast and Southeast is absorbing truck capacity in those regions and pushing up spot rates, including rates from Houston to California.
25 Mar 2022
Base US truckload spot rates are falling, but higher fuel costs and market volatility are limiting over-the-road savings for shippers.
23 Mar 2022
After two incredibly tight years, the availability of truckload equipment and drivers is on the rise in the US, but constraints on capacity growth remain in place.
14 Mar 2022
The sudden increase in fuel-related shipping costs caused by the war in Ukraine is already changing how shippers plan to move goods within the US, forcing them to consolidate shipments and even change modes.
09 Mar 2022
The truckload and less-than-truckload markets are closer than ever, as retail demand and inventory replenishment put pressure on capacity, Knight-Swift CEO David Jackson says.
17 Feb 2022
The acquisition of John Christner Trucking will give temperature-controlled carrier Hirschbach more drivers, trucks, trailers, and revenue, but also more routes into food shipper supply chains.
27 Jan 2022
With consumers still spending, Knight-Swift and Landstar see more growth, and higher rates, ahead.

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.