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

A truck travels on a US road.
After two years in an economic rut, US trucking accelerated in 2017, led by less-than-truckload carriers before truckload carriers merged into the same fast lane later in the year.

News & Analysis

Trucks travel on a US highway.
26 Jul 2018
Freight demand remains strong, even in summer, carriers say, and that’s allowing them to pick and choose the most profitable freight, with peak season just ahead.
20 Jul 2018
Many truckload carriers are on their second round of pay hikes this year as freight demand grows faster than driver supply. Can they keep pace with the peak?
19 Jul 2018
Acquisitions boost revenue, profit for Iowa-based Heartland Express as US freight demand pushes the limits of ‘transportation infrastructure.’
18 Jul 2018
Shorter (and sometimes longer) contracts, volume commitments, and even higher rates are among the many types of bait shippers are using to capture elusive truckload capacity.
17 Jul 2018
Once cyclical, problems such as the driver shortage are becoming systemic. That threatens to ‘bake’ higher costs into transportation rates.
US Xpress Enterprises.
07 May 2018
As freight demand and the need for capital rises, the fifth-largest US truckload operator plans a route back to Wall Street to fund growth.

Commentary

Using predictive analytics, the Port of Montreal this year will alert drayage drivers when it looks as if truck turn times will be long, and use data collected on terminal gate movements to lessen the impact of rail switching on trucks.

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