US for-hire truck tonnage jumped 2.8 percent in August from July, according to the American Trucking Associations, as consumers and the US economy remained resilient despite inflation.
Top 50 Trucking Companies
Top 50 Trucking Companies
Strong domestic economic growth and the tightest trucking market on record translated into double-digit percentage gains for the top 50 US truckload and less-than-truckload (LTL) operators in 2018.
JOC.com’s annual Top 50 Trucking Companies, Top 25 Truckload Carriers and Top 25 LTL Carriers rankings are assembled by SJ Consulting Group using company financial reports and SJ Consulting Group estimates and analyzed by JOC editors. Revenue figures are expressed in millions of US dollars. Truckload revenue figures may include less than 10 percent for LTL and other services, and LTL revenue may include less than 10 percent for truckload and other services.
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News & Analysis
02 Dec 2022
Hiring expectations fell short across many transportation sectors in November, with real trucking employment dropping while warehousing firms and couriers added workers.
02 Dec 2022
Stubbornly strong industrial output and pent-up demand are expected to keep pressure on trailer manufacturers to increase supply, even during a US economic slowdown.
15 Nov 2022
The US producer price indexes for long-distance truckload and less-than-truckload took separate routes in October, with LTL pricing essentially unchanged and the truckload index falling.
14 Nov 2022
Freight volumes are dropping month to month but remain higher than a year ago, buoyed by inventory repositioning and easing supply constraints for manufacturers, according to the latest Cass Freight Index.
08 Nov 2022
US transportation companies with cash on hand are acquiring asset-based truckers and non-asset freight brokers alike to add services and shipper customers and build network density.
07 Nov 2022
After rising strongly from the third quarter of 2021 through the second quarter of this year, the JOC Truckload Capacity Index dropped slightly last quarter, but demand for equipment is still high.
07 Nov 2022
The acquisition of ReedTMS Logistics not only expands Werner’s brokerage reach, it also delivers shipper customers in the staple food and beverage industries.
04 Nov 2022
US truckload capacity isn’t so much declining as it is shifting, according to data, and that will pose challenges to shippers and carriers trying to access trucks, trailers, and drivers.
04 Nov 2022
For-hire trucking companies added almost 20,000 jobs last month, erasing September’s payroll cut as capacity shifts between trucking sectors.
02 Nov 2022
Tonnage began increasing year over year at XPO late in the third quarter and continued to rise in October as the less-than-truckload carrier expands capacity.
01 Nov 2022
Regional stress is running through US truckload markets as demand softens, with price and capacity fluctuations that challenge shippers and carriers.
28 Oct 2022
Growing use of equipment pools and power-only trucking support long-term demand for 53-foot trailers that transcends short-term economic trends, manufacturer Wabash says.
26 Oct 2022
Less demand for its customers’ goods is cutting into tonnage and shipments at Old Dominion Freight Line, but not the company’s revenue or profit.
24 Oct 2022
More than two years in development, a standard electronic bill of lading for less-than-truckload shipments promises to streamline the flow of data, providing greater visibility to shippers.
20 Oct 2022
US shippers will win transportation savings in 2023 bids, but large truckload carriers haven’t lost all pricing muscle.
18 Oct 2022
An increase in US manufacturing output is putting more freight in trucks this fall, contributing to an increase in truck tonnage as measured by the American Trucking Association and others.
12 Oct 2022
LTL costs to shippers rose 0.3 percent in September and were up 15 percent year over year while truckload costs declined more slowly, according to the latest US producer price index.
11 Oct 2022
US shippers should expect more international acquisitions of domestic US trucking operations as logistics companies work to provide more end-to-end services and visibility.
07 Oct 2022
Real, unadjusted jobs in trucking dropped by 21,200 in September, an unusually high number, as contract and spot truckload rates declined.
05 Oct 2022
More shippers are returning to the truckload spot market as rates drop, but experts say they’re using that market more strategically than ever before to reduce transportation costs.
22 Sep 2022
A US court ruling that declared Rhode Island’s truck-only tolls unconstitutional will save tens of millions of dollars in operating and shipping costs yearly for truckers and their customers.
15 Sep 2022
The US producer price indexes (PPIs) for trucking dropped in August as contract pricing cooled and fuel prices and surcharges came down.
12 Sep 2022
The average manufacturing shipping volume rose 1 percent in August year over year, while other industries saw their truck shipments drop 4.6 percent, according to FourKites.
09 Sep 2022
The decline in outbound per-mile spot rates from US ports dropped more than the US average in August as normal seasonality and abnormal gridlock crimped demand, a JOC analysis shows.
08 Sep 2022
Stung by lower tractor utilization rates and rising costs, truckload carrier US Xpress pares back its technology team and real estate, and focuses on adding truckload contract business.
02 Sep 2022
While trucking makes hiring gains in the US, unadjusted warehousing and storage employment has fallen in four of the past five months, contributing to supply chain bottlenecks.
01 Sep 2022
The HOS exemption has been extended five times since it was put in place in 2020 by a presidential emergency order, and it has been modified as the pandemic evolved.
30 Aug 2022
The incoming CEO of XPO Logistics is intent on adding capacity in the form of terminals, trailers, and drivers to meet long-term demand for less-than-truckload services.
23 Aug 2022
The American Trucking Associations reports truck tonnage levels were still high in July, running counter to reports that trucking demand is weakening ahead of the fourth quarter.
22 Aug 2022
The largest truckload acquisition to date this year would put Heartland at about 11th on the Top 25 Truckload Carrier rankings prepared for JOC.com.
18 Aug 2022
Large truckload carriers are adding capacity, whether by purchasing trucks or acquiring trucking companies, and that's pushing the JOC Truckload Capacity Index to its highest level ever.
16 Aug 2022
It is “highly probable” US shippers will recover at least some of last year’s truckload rate hikes, as the Cass Freight Index shows a sequential drop in truckload linehaul costs.
12 Aug 2022
Declines in the producer price indexes for various sectors of trucking reflect falling fuel surcharge revenue and lower rates in new contracts, but don’t point to a large-scale pricing rollback.
11 Aug 2022
Some of the largest US less-than-truckload carriers, including FedEx Freight, are adding terminals and doors to their networks as LTL freight demand defies the threat of economic recession.
10 Aug 2022
Strong trucking demand beyond the truckload spot market is to keep pressure on truck pricing, and will do so into 2023, speakers at a JOC webcast said Wednesday.
02 Aug 2022
The US trucking market is reinventing itself after a significant spot market correction, with larger contract carriers expecting steady freight demand through 2022 despite economic fears.
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