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

News & Analysis

19 Nov 2021
Teamsters rank-and-file members have elected critics of outgoing General President James P. Hoffa to lead the union in a more militant direction.
12 Nov 2021
Southeastern Freight Lines is working with Relay Payments to automate accessorial payment processes such as “lumper fees” as LTL firms look to digitize more aspects of their business.
10 Nov 2021
Desire for “one-stop shopping” leads to the consolidation of Transport America and MCT with long-haul truckload carrier CFI to create a broader — not just bigger — trucking company.
08 Nov 2021
An exemption to the US’ large employer vaccine mandate granted to outdoor workers may cover truck drivers, the American Trucking Association argues. But it’s not clear that exemption would apply to all types of truck drivers.
05 Nov 2021
Bigger than expected gains in warehousing and trucking in October are welcome amid ongoing reports of labor shortages.
05 Nov 2021
The Biden administration’s COVID-19 vaccination and testing mandate for large employers will affect truck capacity and pricing, but questions about the extent of its impact remain.
04 Nov 2021
A survey of independent truckers and small trucking firms by Truckstop.com and Bloomberg Intelligence found them optimistic about the potential for higher contract and spot rates next year.
03 Nov 2021
A truck driver survey underscores the threat of potential service disruptions from an upcoming US vaccine mandate for large employers, with 36 percent of drivers showing no interest in vaccination.
02 Nov 2021
Trucking companies are seeking an exemption to the COVID-19 vaccine mandate being implemented by the US government for large employers, which they say would further disrupt already tight US trucking capacity.
29 Oct 2021
With less-than-truckload demand high and capacity tight, TFI International is clawing back its US LTL network to improve freight and lane density and profitability.
28 Oct 2021
Truckload pricing will continue to rise into 2022, with the “deflationary leg” of the market starting in the second quarter next year, Coyote Logistics said in its latest Coyote Curve forecast.
28 Oct 2021
Tight LTL capacity and rates that have climbed by double digits are creating opportunities for more dynamic LTL pricing, if it can be shown to benefit shippers and carriers.
26 Oct 2021
The ongoing semiconductor shortage is reducing deliveries of new trucks in North America and threatening the addition of much-needed capacity in 2022, and perhaps beyond.
25 Oct 2021
Retail inventories are rising but remain 9.2 percent below the pre-pandemic high point in terms of value, and shippers are trying every possible strategy to avoid stockouts.
21 Oct 2021
Demand and disruption are fueling growth at both Knight-Swift Transportation and Landstar System, neither of which see a reduction in demand or pricing in a changing truckload landscape.
21 Oct 2021
C.H. Robinson Worldwide is linking its less-than-truckload carrier network to the retail platform offered by SPS Commerce to help shippers get retail goods onto shelves and avoid holiday stockouts.
20 Oct 2021
Supply chain disruption is slowing economic growth, but “postponed” demand is expected to reemerge in 2022, keeping US freight capacity tight and transportation pricing high.
19 Oct 2021
Choptank expands Hub Group’s refrigerated brokerage business as US shippers demand greater access to transportation capacity across modes and sectors.
13 Oct 2021
A reallocation of assets and workers across the transportation landscape, combined with inventory rebuilding, complicates the outlook for US shippers in 2022, speakers told the JOC Inland Distribution webcast.
08 Oct 2021
The for-hire trucking industry lost 1,600 jobs last month, but the Labor Department expected a bigger drop, as transit, warehousing and courier employment surged.
08 Oct 2021
LTL carriers including Old Dominion Freight Line are turning to surcharges to keep over-sized, unwieldy shipments from clogging their networks, taking a page from parcel carriers.
06 Oct 2021
The backlog of freight in Southern California is forcing more shippers to the truckload spot market as they search for any available capacity to speed goods inland.
05 Oct 2021
Recent merger and acquisition activity, such as the ArcBest-Molo deal, proves many investors believe opportunity lies in third-party logistics providers.
29 Sep 2021
The $235 million acquisition of MoLo Solutions will double ArcBest’s available capacity and reflects an industrywide drive to access capacity across modes and networks.
29 Sep 2021
Speakers at the Coyote Logistics Digital Summit said some truckload capacity is creeping back into a very tight market, but not to expect major changes in rates, especially for shippers on the “import side.”
28 Sep 2021
Although national spot rate averages are flat, significant increases in dry-van truckload volumes from US ports are tightening pricing pressure in long-haul lanes as importers rush goods further inland.
27 Sep 2021
Trucking equipment manufacturers are raking in new orders for trailers and tractors, but it may be well into 2022 before they roll off production lines ready to move freight.
24 Sep 2021
Jam-packed West Coast warehouses are pushing more freight inland earlier, raising spot prices and expedited trucking costs in lanes out of the Los Angeles region faster than expected.
23 Sep 2021
A rapid evolution in how US shippers contract with truckload carriers is driving growth at Emerge and drawing $130 million in fresh private equity funding to its digital procurement platform.
22 Sep 2021
The largest US trucking company, FedEx Freight, is improving profits while handling more cargo, as sister division FedEx Ground deals with congestion blamed partly on labor shortages.
21 Sep 2021
Demand fueled tonnage growth at for-hire contract carriers in August, according to the American Trucking Associations, but supply chain disruption and shortages still constrain overall capacity.
13 Sep 2021
Iowa-based CRST is installing a telematics-based fleet management system the truckload carrier claims will benefit both drivers and shippers seeking supply chain intelligence.
08 Sep 2021
National drayage operator RoadOne is filling in gaps in its service network through acquisitions, and expanding transloading services as container backlogs build up at ports.
07 Sep 2021
Less-than-truckload carrier Old Dominion Freight Line hopes to counter the threat of COVID-19 to its own employees and its customers with a financial vaccination incentive.
03 Sep 2021
A stronger than expected round of hiring in August brought transportation and warehousing payrolls back to pre-pandemic levels, but new employees aren’t distributed evenly.
03 Sep 2021
Rather than adding terminals, XPO says it is deploying technology to better utilize existing space in its trailers and speed trucks, effectively expanding the capacity it can offer customers.

Commentary

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