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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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

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.
20 Mar 2020
Spot truck rates are up about 5 percent since the end of February on demand for consumer staples, even as the US economy slows. Pricing may still be elevated when Chinese imports hit US ports and produce season puts the screws to US trucking capacity.
18 Mar 2020
Truck capacity is being tightened in drive-thru-sized bites as restaurant and rest stop closings delay drivers.
16 Mar 2020
As COVID-19 response unfolds, restricted business operating hours, potential closures could complicate deliveries, solidifying a soft trucking market.
11 Mar 2020
Truck demand and spot rates are rising as consumers stockpile goods amid the spread of the coronavirus, but truckers worry about potential loss of work due to quarantines.
09 Mar 2020
Shippers with an eye on instability in US markets are considering innovative contract terms, including the use of volume guarantees and flexible rates.
05 Mar 2020
J.B. Hunt Transportation Services, one of the largest US intermodal providers, is making a strong push into the temperature-controlled business by doubling its container fleet in 2020.
05 Mar 2020
The coronavirus outbreak will amplify pricing and capacity swings in US trucking this year, and logistics experts warn that will mean a price shock for shippers.
03 Mar 2020
The FMCSA is sending undisclosed changes to truck driver hours of service (HOS) rules to the White House for approval, raising hopes for greater flexibility in truck scheduling.
02 Mar 2020
CRST International’s purchase of NAL Group is evidence that final-mile logistics is becoming an even greater priority for truckload carriers in a time of low freight demand and economic uncertainty.
24 Feb 2020
Efforts to rein in excess capacity accelerated among large carriers, lowering the JOC Truckload Capacity Index to 85.2 in the fourth quarter. However, even that reading is still high.
18 Feb 2020
Truck tonnage increased for the second straight month in January, but a weak manufacturing sector and high inventories are keeping a lid on freight demand.
06 Feb 2020
Despite trucking companies and brokers saying capacity is “rightsizing,” spot rates have not increased in tandem with volume and shippers could secure contract rate reductions for 2020.
28 Jan 2020
Truck volumes have flattened, not collapsed, a trucking analyst tells SMC3’s Jumpstart 2020 Conference. Truck capacity hit its peak in Q4 2019, and is expected to contract this year.
28 Jan 2020
The bottom of the current slump in US freight demand is approaching, but new threats, including the China coronavirus, are emerging, speakers at the SMC3 Jumpstart 2020 conference warned.
24 Jan 2020
An increase in housing permits and starts will help rebuild US truck volumes this spring, putting increased demand on truck capacity and spot pricing, according to Bobby Holland, vice president and director of freight data solutions at US Bank.
22 Jan 2020
The freight market has returned closer to equilibrium between shippers and truckers than last year, but a murky middle persists over whether business conditions will flip toward carriers later this year.
17 Jan 2020
Dedicated contract carriage, final-mile service, and a digital marketplace helped carry J.B. Hunt through a tough fourth-quarter intermodal and trucking market.
15 Jan 2020
Shippers retain substantial pricing power despite a recent spike in truckload spot rates, which appear to be settling near recent highs that are still below year-ago levels.
14 Jan 2020
Shipper demand, lower modal boundaries, and changing procurement practices lead LTL technology provider SMC3 to add truckload functionality to its bidding software.
14 Jan 2020
“Continuous” truck moves collaboratively arranged by networks of shippers and carriers are the goal of Transplace’s acquisition of Lanehub.
10 Jan 2020
Trucking employment slipped in December as US manufacturing remained sluggish, but there are signs demand, and perhaps payrolls, may improve in 2020.
09 Jan 2020
Two technology firms are taking an ambitious step toward bringing shippers, trucking companies, and logistics providers together on one transportation management platform.
08 Jan 2020
Knight-Swift and DAT test a truckload rate forecasting system as shippers and their transportation and logistics providers push out the boundaries of supply-chain visibility.
07 Jan 2020
The US-Mexico-Canada Agreement may speed the processing of goods at US borders, but won’t necessarily speed transportation at the congested Mexican border, experts warn. That will require further investment in infrastructure and technology.
06 Jan 2020
The electronic logging device (ELD) eventually will help shippers find trucks more quickly, help trucking companies better manage drivers, and help drivers better manage hours. But more integration of ELD data with other systems and more development are needed to deliver bigger benefits.
02 Jan 2020
Union Pacific Railroad has been suffering technical issues with its gates at Chicago’s Global 4 terminal, causing major congestion and delays in cargo deliveries.
19 Dec 2019
The Cass Freight Index suggests the bottom of the trucking market has passed, although the data doesn’t provide a clear picture of when pricing power will flip toward carriers again.
19 Dec 2019
The latest data from the American Trucking Associations shows large truckload carriers cutting drivers and smaller fleets ramping up hiring.
16 Dec 2019
Driven by consumers and end-customers, more shippers say they are looking for precision in on-time delivery from trucking suppliers, and placing it before price.
13 Dec 2019
Shippers may find capacity tighter on a carrier-by-carrier, lane-by-lane basis when the final phase of the ELD mandate takes effect Monday.
12 Dec 2019
Truckload spot rates leaped upward in the first week of December, rising 12 cents per mile above their November average according to DAT Solutions as the final holiday retail push got underway.
09 Dec 2019
Although a large carrier, Celadon’s fleet size and revenue are just drops in the US truckload bucket. The biggest impact of its bankruptcy may be in Mexico.

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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