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

24 Feb 2021
Truckload carrier Werner Enterprises is expanding its Edge technology platform to brokerage partners and shippers, tightening its focus on landside logistics after offloading its ocean and air forwarding unit.
11 Feb 2021
Increasing US truck freight demand from ports to factories may slow the decline in spot truckload rates seen by DAT, while contract motor carriers take on more business.
08 Feb 2021
The loss of 84,300 trucking and warehousing jobs in January -- actual numbers before seasonal adjustment -- makes prospects for tighter capacity and higher rates for US shippers in the months ahead more certain.
Transplace urges shippers to actively manage routing guides and optimize networks now, rather than attempt to “time the market.” Photo credit: Shutterstock.com.
03 Feb 2021
Fewer trucking companies are responding to shipper bids, as contract truckload pricing rises by high single-digit percentage rates, Transplace executives said Tuesday.
22 Jan 2021
The acquisition of DDI bolsters RoadOne's 53-foot domestic container business and transloading capabilities on the East Coast as import volumes rise.
21 Jan 2021
Companies such as Werner Enterprises, Schneider National, and U.S. Xpress are taking an active role in the development of autonomous trucks, but not, they say, to replace drivers.
19 Jan 2021
US truckload carrier Heartland Express improved revenue and profit in the most recent quarter and is raising driver pay, investing in new equipment, and focusing on improved utilization in 2021.
15 Jan 2021
Rising industrial freight volumes will keep pressure on truckload capacity and pricing in 2021, even if demand for goods peaks, according to FTR Transport Intelligence analysts.
14 Jan 2021
As author of the Q&A column, Colin Barrett answered detailed and often obscure legal questions on shipping for 48 years, educating generations of shippers.
08 Jan 2021
Trucking’s peak season extended well into December, blunting a seasonal decline in actual trucking employment numbers and boosting seasonally adjusted job gains, according to data released Friday.
17 Dec 2020
The truck driver turnover rate is rising at truckload carriers as they compete for employees; that is spurring a new round of pay hikes for drivers.
04 Dec 2020
Although trucking employment is rising, the year-over-year gap is still large enough to throttle back capacity and keep pricing pressure on shippers.
02 Dec 2020
US shippers’ acute need for truck capacity is driving activity in the dedicated contract carriage market, including Penske Logistics’ acquisition of Black Horse Carriers.
13 Nov 2020
Higher pay is just a starting point for the solution to a resurgent driver shortage, J.B. Hunt’s Shelley Simpson tells the JOC Inland Distribution Webcast. Greater efficiencies, more shipper cooperation are key to improving driver jobs.
12 Nov 2020
As contract freight volumes begin to rise year over year, more pressure will come to bear on contract truckload rates, DAT’s Chris Caplice told the JOC Inland Distribution Webcast.
06 Nov 2020
The number of new operating authorities issued to US trucking companies is surging alongside imports, but that doesn’t necessarily mean truckload capacity is increasing.
05 Nov 2020
Rebid freight now or wait for what may be a calmer first quarter? That’s the question US truck shippers face, Echo Global Logistics chairman and CEO Doug Waggoner says.
03 Nov 2020
Capacity remains king in the US truckload market, as larger carriers face challenges hiring company drivers and owner-operators seek independent opportunities.
14 Oct 2020
The long run-up in spot market truckload rates and truck freight demand may be reaching its peak, but don’t expect a quick descent, speakers at the Transplace Shipper Symposium said Wednesday.
13 Oct 2020
An analysis of shipper transaction data shows a marked slowing of spot market rate hikes in September after a turbulent summer, perhaps pumping the brakes on the rise of contract rates
08 Oct 2020
As capacity tightens at the US-Mexico border, truckload carrier CFI is building a series of consolidation centers to expand its efforts to capture Mexico-bound less-than-truckload freight and provide shippers with more capacity.
07 Oct 2020
Logistics executives do not expect spot truckload rates to soar much higher, but they do not think they will drop either, forcing shippers to collaborate more.
05 Oct 2020
A substantial increase in heavy truck orders in September begs the question: Who will drive those trucks? Trucking employment is improving, but still down 4.7 percent year over year.
01 Oct 2020
The new rate differential tracked by DAT chief scientist Chris Caplice is rising at a faster pace, a sign that shippers will see a greater increase in truckload contract rates.
30 Sep 2020
Shippers moving to mini-bids as truck capacity tightens need more detailed and near-real-time data to match freight lanes and tractor-trailers.
28 Sep 2020
Rising local trucking employment in the US and higher pricing highlights a shifting balance in transportation networks accelerated by double-digit growth in e-commerce sales.
24 Sep 2020
US shippers are returning to the ‘shipper of choice’ model as a peak season unlike any other looms ahead, trucking executives told the virtual CSCMP 2020 Edge conference this week.
18 Sep 2020
Large truckload carriers made their deepest capacity cuts in a decade in the second quarter, the JOC Truckload Capacity Index shows; they’re not likely to restore capacity quickly.
15 Sep 2020
US producer price indexes for August showed a marked jump in local trucking costs, likely due to increased demand for service between ports, warehouses, and distribution and fulfillment centers as e-commerce demand spurred imports.
10 Sep 2020
Contract truck rates are rising because shippers are struggling to find available capacity and asking carriers what it will take to get their freight moving.
09 Sep 2020
US for-hire trucking companies are rehiring truck drivers at a rate slower than the acceleration of freight demand, contributing to rising pressure on truck rates and US shippers.
03 Sep 2020
The flood of imports to Los Angeles and Long Beach this summer is squeezing truckload and LTL capacity on inland truck routes, more than doubling spot rates to Chicago, as intermodal capacity and e-commerce deadlines remain tight.
28 Aug 2020
A proposed Federal Motor Carrier Safety Administration pilot project would let truck drivers stop the hours of service clock for up to three hours and then resume driving, giving them more control over their schedules, but a longer day.
26 Aug 2020
Truckload freight volumes are still increasing overall, but not at the frenetic pace of July, supply chain visibility provider FourKites says. That's a sign supply chains are "rebalancing," though spot pricing remains elevated.
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.

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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