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

Large US truckload carriers that engaged in mergers and acquisitions and expanded specialized services like dedicated trucking fared much better in 2019 than those that relied more on traditional dry-van business, according to JOC's 2020 Top 25 US Truckload Carrier Rankings, prepared by SJ Consulting Group.

News & Analysis

10 Aug 2020
Companies able to field large numbers of trucks are no longer cutting back, but with high demand, additional capacity will come at a price to shippers.
07 Aug 2020
Supply chain disruption and the spread of COVID-19 may have limited carrier ability to add drivers and other employees last month, despite heightened demand.
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.
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.
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.
09 Jun 2020
US businesses are rushing to develop a clearer picture of customer demand and freight capacity as they move beyond the early stages of reopening stores and factories.
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.
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.
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
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.
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.
22 Apr 2020
An American Transportation Research Institute analysis of vehicle location data across six states shows trucking activity plummeting 8 to 10 percent in April as the COVID-19 lockdown spread across the US.
21 Apr 2020
Daimler and Volvo will combine efforts to develop hydrogen fuel-cell technology for heavy electric trucks to meet future emissions and shipper sustainability targets.
20 Apr 2020
Job losses, damage to small business shippers, and diminished expectations for a fast restart for truck freight push pandemic recovery into 2021.
17 Apr 2020
An updated forecast from Coyote Logistics pushes a significant uptick in US truckload spot rates off until 2021, just when the US economy and shippers are expected to be recovering from recession.
15 Apr 2020
Detention is a problem for truckers in the best of times. It’s worse amid the pandemic as shippers handle high volumes with fewer dock and warehouse workers available.
15 Apr 2020
J.B. Hunt Transport Services acknowledges a rough second quarter is ahead, while there’s much unknown about how severe the impact of the coronavirus disease (COVID-19) on business conditions will be.
14 Apr 2020
Although some hope for a strong restart for trucking within months, others believe a long, staggered recovery is more likely, thanks to layoffs and small business bankruptcies.
09 Apr 2020
Freight and rates in the spot market are starting to fall after shooting up in March, as the shutdown of a large swathe of the US economy sidelines shipping.
06 Apr 2020
Trucking companies need plans to keep their drivers healthy, financially whole, and on the road amid the coronavirus outbreak. They need plans for when they get sick, too.
03 Apr 2020
With freight volumes expected to plunge over the next six months as the US falls into recession, shippers should remember their strategic trucking carriers and work together to weather the storm.
02 Apr 2020
US trucking companies are preparing to brake hard once the current surge of essential freight fades. The loss of demand and capacity will complicate the eventual recovery.
26 Mar 2020
Demand for essential goods and medical supplies is drawing truck capacity even as business shutdowns dry up other sources of freight, a trend that could result in displaced capacity.
25 Mar 2020
Truck drivers can both drive and work beyond regulatory limits if they’re hauling essential goods during the COVID-19 pandemic, and shippers need to do whatever they can to make that easier.

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.

More Commentary