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:

 

 

News & Analysis

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.
01 Jun 2021
The largest US truckload operator, Knight-Swift, acquired non-asset 3PL UTXL to gain access to additional trucks and drivers, as well as new logistics services.
31 May 2021
US produce and food shippers are short on trucks as heightened demand for grocery and restaurant food meets shortages of everything from ketchup to truck drivers to pallets.
25 May 2021
US truckload spot rates are hitting new highs in May as continued strong freight demand, coupled with market disruption, pushes up pricing in the South and Southwest,
19 May 2021
US shippers and truckers are struggling to expand their trailer pools as demand for drop-and-hook trailer service rises and manufacturing backlogs stretch into 2022.
13 May 2021
Shippers moving goods to and from the Southeast may expect further disruptions in service as fuel shortages linger, pushing more freight to the spot market.
06 May 2021
The JOC Intermodal Savings Index hit a new record in Q1, but rising spot intermodal rates and surcharges could reduce savings in Q2.
27 Apr 2021
Extraordinary freight demand and a maxed-out transportation network will keep truck pricing elevated longer than once expected, perhaps into early 2022, Landstar CEO Jim Gattoni and others say.
26 Apr 2021
Despite a sharp overall drop in the number of truck driver speeding violations last year, excessive speeding remains a problem, FMCSA violations data show.
21 Apr 2021
February’s winter storms in the southern and central United States had a large and lingering impact on transportation and supply chains, though freight demand is now in full flow, consuming this spring’s truckload capacity.
20 Apr 2021
Unadjusted US tonnage data from the American Trucking Associations shows freight returned to the highways after a frozen February, propelling truck spot pricing to a new ceiling.
16 Apr 2021
J.B. Hunt will be adding 12,000 new containers in 2021, upping its original order announced in January based on increased shipper demand for intermodal service.
07 Apr 2021
Technology firms driving autonomous trucking forward are seeking the investment and partnerships they need to expand rapidly, anticipating growing demand.
06 Apr 2021
Alabama-based truckload carrier AMX is raising driver pay, but wants to do so in a way that will allow the carrier to maintain increased wages when demand – and rates – recede.
05 Apr 2021
US trucking companies reversed a three-month decline in jobs in March, but they haven’t escaped the employment crater created by the COVID-19 pandemic and recession.
31 Mar 2021
The JOC Truckload Capacity Index rose 2.1 percentage points in the fourth quarter, as some of the largest US truckload carriers expanded dedicated business or replaced older rigs.
30 Mar 2021
Truck driver pay is improving, and that may be keeping more drivers behind the wheel, rather than jumping from job to job.
16 Mar 2021
Tight truck capacity is a prime reason for the growth of dedicated trucking, but not the only one. Shippers are using dedicated as a tool to influence customers and reshape supply chains.
16 Mar 2021
As the market careened downhill in the first half of 2020, many of the largest truckload carriers began reducing their fleets, and many did not begin adding trucks when demand returned and capacity tightened.
11 Mar 2021
US freight demand is “through the roof” after supply chains broke down during February’s winter storms, trucking companies say. More freight may be shifting from spot markets to contractual partners as networks are restored.
11 Mar 2021
Small regional or localized LTL carriers may also be riding the e-commerce wave, providing capacity for local fulfillment and delivery, while their larger competitors carve out middle-mile business.
09 Mar 2021
Greater use of drop trailer pools and e-commerce sales are generating demand for yard drivers — also referred to as hostlers — to handle trailers at warehouses and distribution centers, but those drivers are in short supply.

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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