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.

Key Top Trucking ranking stories:

Top 50 Trucking Companies 2019

Top 50 Trucking Companies 2018

Trucking searches for 2020 vision

Top 50 Trucking Companies 2017

Top 50 Trucking Companies 2016

Top 50 Trucking Companies 2015 

Top 50 Trucking Companies 2014

Top 50 Trucking Companies 2013

Special Coverage

Bassett Furniture is turning over the keys to its Zenith Freight Lines subsidiary to J.B. Hunt Transport Services, seeking a new strategy to speed freight and reduce order backlogs.

News & Analysis

23 May 2022
US Labor Department data that includes contract rates shows no drop in overall truck pricing in April, despite a truckload spot market rate plunge.
20 May 2022
For some US retailers, inventories are too high, but others are steadily building stockpiles to mitigate supply chain risks ahead of the year-end holidays, keeping freight demand high.
18 May 2022
Increases in industrial production and retail sales in April suggest continuing strength in overall freight demand, despite tumbling truckload spot rates.
13 May 2022
The debate over whether a freight recession is starting in US trucking is getting hotter as spot rates decline but other demand and pricing indicators stay positive.
11 May 2022
Demand for LTL capacity is rising even faster than carriers can add terminals and doors, pushing rates higher still.
10 May 2022
Forward Air is acquiring a Seattle-based drayage company as part of its strategy to direct more transloaded international container freight to its expedited LTL network.
09 May 2022
For-hire trucking employment soared past seasonal expectations in April, underscoring strong demand despite declining spot market pricing.
29 Apr 2022
Shipper demand for more integrated port-to-door logistics is driving development of new, denser distribution networks, with facilities popping up in previously overlooked locations, Ryder System said.
22 Apr 2022
Knight-Swift now gets 13 percent of its revenue from its regional less-than-truckload subsidiaries, as it adds terminals and expands from a “super-regional” to a national footprint.
21 Apr 2022
US shippers’ need for truck capacity guarantees in a volatile market is pushing more freight away from the spot market to contract carriers, especially the largest fleets such as Knight-Swift.
20 Apr 2022
Carrier executives say US transportation markets are stabilizing, with spot rates falling as freight shifts to contract carriers, but new approaches to contracting and planning are needed to control costs.
18 Apr 2022
Recent gains in manufacturing activity, including consumer goods production, suggest continued expansion of US freight demand while dampening worries about retail spending.
14 Apr 2022
Truckload spot rates have cooled considerably in the last 45 days, but a larger freight recession may not be on the horizon given demand remains strong in other modes of commercial transportation.
08 Apr 2022
The shift of containerized freight from the West Coast to the Gulf Coast and Southeast is absorbing truck capacity in those regions and pushing up spot rates, including rates from Houston to California.
29 Mar 2022
Greater network efficiency and profits will be priorities for new FedEx leadership as e-commerce reshapes global markets.
25 Mar 2022
Base US truckload spot rates are falling, but higher fuel costs and market volatility are limiting over-the-road savings for shippers.
23 Mar 2022
After two incredibly tight years, the availability of truckload equipment and drivers is on the rise in the US, but constraints on capacity growth remain in place.
16 Mar 2022
Growing e-commerce and import-export business is pulling Northeast regional LTL carrier A. Duie Pyle south to Virginia, where it plans to open three terminals and connect to ports.
14 Mar 2022
The sudden increase in fuel-related shipping costs caused by the war in Ukraine is already changing how shippers plan to move goods within the US, forcing them to consolidate shipments and even change modes.
11 Mar 2022
Less-than-truckload provider Yellow denied liability but agreed to settle a longstanding allegation that it charged the US Department of Defense too much for certain shipments before 2013.
09 Mar 2022
The truckload and less-than-truckload markets are closer than ever, as retail demand and inventory replenishment put pressure on capacity, Knight-Swift CEO David Jackson says.
07 Mar 2022
Double-digit increases in tonnage and volume at two of the largest less-than-truckload carriers in February reflect strong overall demand from US retail and industrial shippers.
28 Feb 2022
On-dock automation and better analytical tools are helping linehaul LTL carrier Roadrunner cut transit times in 120 lanes as LTL shippers increase demand for speed, especially from ports.
23 Feb 2022
Higher rates and accessorial charges helped the largest US less-than-truckload carriers add revenue at an unprecedented pace last year, with the five fastest-growing companies increasing their top line between 30 and 40 percent.
16 Feb 2022
The Pilot Freight acquisition gives Maersk not just last-mile delivery capabilities, but the “middle-mile” backbone needed to speed freight to the final mile.
08 Feb 2022
With delays and port congestion common, and transload capacity tight, less-than-truckload carriers are playing a bigger role in moving containerized freight inland.
04 Feb 2022
The pipeline of freight feeding less-than-truckload carriers is getting bigger, expanded by growth from traditional industrial sources and imports moving into LTL trucking networks.
02 Feb 2022
A trucker blockade at a small US-Canada border crossing will bring big cost increases for cross-border shippers, as US carriers begin to embargo or reroute freight hundreds of miles.
01 Feb 2022
Changes in shipper needs accelerated by the pandemic added more than $1 billion in revenue to ArcBest’s topline last year, driving growth in its asset- and asset-light services.
27 Jan 2022
With consumers still spending, Knight-Swift and Landstar see more growth, and higher rates, ahead.
26 Jan 2022
Proactive steps taken by US and Canadian motor carriers and shippers ahead of vaccine mandates for truck drivers are keeping cross-border freight flowing despite earlier fears of disruption and delays.
18 Jan 2022
XPO is adding new facilities and technology to its less-than-truckload network, reducing reliance on third parties.
06 Jan 2022
The fast-spreading variant of COVID-19 likely won’t affect trucking as much as warehousing and aviation, but its indirect impact will put more pressure on already high trucking costs.
17 Dec 2021
FedEx Freight handled higher freight volumes and helped with the delivery of FedEx Ground packages this fall, relying on price hikes and “judicious” network management.
16 Dec 2021
Once often discounted, general rate increases are going to stick as LTL trucking demand grows faster than capacity.
14 Dec 2021
The diversion of freight from intermodal rail to truck adds miles to import shipments, significantly increasing costs, the Cass Freight Index finds.

Commentary

It is shocking that the less-than-truckload (LTL) sector continues to operate with legacy business practices from the reg