Trucking Freight Brokers

Trucking Freight Brokers

Timely news, data and market analysis of transportation brokers, freight brokerage and truck freight companies. Trucks move nearly three-quarters of all domestic freight tonnage and generate nearly four-fifths of the nation’s freight bill, according to recent 2018 survey by the American Trucking Associations (ATA), the trucking sector handles nearly 70 percent of all trade between the US and Mexico, and nearly sixty percent of all US-Canada trade. Although the trucking sector is highly fragmented, the largest trucking companies in North America have increased their collective market share, year to year and decade to decade. From 2009 to 2018, the 50 largest trucking companies boosted their share of the for-hire trucking market from 27 percent to 38 percent.

Commentary

The single most important thing you can do is to add broker capacity and service that looks, tastes, smells, and delivers in exactly the same ways as your most trusted carriers.

News & Analysis

06 Nov 2019
The number of speeding violations handed to US truck drivers jumped 7.8 percent in 2018, but speeding has been a problem since long before that. Shippers need to help solve it.
Challenge to ELD rule resurfaces at FMCSA
05 Nov 2019
Regulators are accepting comments on a petition to exempt small carriers from the ELD mandate, as the final compliance deadline for truck drivers and carriers approaches.
30 Oct 2019
Freight brokers believe spot market rates will remain lower than historical norms through the first half of 2020 despite a recent seasonal bump in rates.
15 Oct 2019
Shippers are being urged to plan carefully for 2020, as signs begin to indicate the US truck market may swing again next year.
10 Oct 2019
The Reston, Virginia-based software supplier’s new “Book it Now” feature adds an execution element to its existing load-matching capabilities.
10 Oct 2019
Seven of the top 10 critical issues facing trucking directly involve truck drivers, with pay and detention joining the American Transportation Research Institute’s annual list.
01 Oct 2019
Convoy is releasing a new transportation management system for shippers relying on spreadsheets and emails -- a free software option that provides access to Convoy quotes and booking.
18 Sep 2019
When it comes to profitability, FedEx’s less-than-truckload arm outperformed its bigger, package-focused sister divisions, while gaining e-commerce business.
09 Sep 2019
The San Francisco-based company, which launched its freight division in 2016, will expand its existing operations in Chicago, including housing its first engineering department outside of the San Francisco area. Uber Freight currently operates from offices in San Francisco, Chicago and Amsterdam.
28 Aug 2019
The number of US trucking companies rose by more than 21,000 in the year between June 2018 and this June, even as low spot-market pricing increased pressure on smaller fleets.
19 Aug 2019
WiseTech’s purchase of Depot Systems allows it to gain yard container management technology in the US.
Directory of Trucking Companies | 2019
16 Aug 2019
The 2019 JOC Directory of Trucking Companies is a one-stop source of information for North American shippers and third-party logistics providers on nearly 180 select trucking companies in the United States and Canada.
07 Aug 2019
Tonnage and shipments are falling, but LTL carriers are piling up profits, thanks to a keen focus on the bottom line not noticeable 10 years ago.
25 Jul 2019
Landstar System and Echo Global Logistics reported lower second-quarter earnings, while 3PLS are uncertain whether the malaise will linger through the end of this year.
21 Jun 2019
Truckload carriers surveyed by Cowen & Co. are banking on a stronger second half and expect contract rates to rise 2.7 percent on average over the next six months.
10 Jun 2019
Transportation consulting firm Trans-Logistics Group is expanding its advisory services for US freight shippers, opening an office in Chattanooga, Tennessee.
21 May 2019
Retail giants Walmart and Amazon have entered into conversations directly with Class I railroads to enter in service agreements, bucking the historical structure in which shippers are required to use intermediaries to procure space.
08 May 2019
Historically, intermodal rail has offered a slower, lower-cost option for shippers, but with truckload prices falling, intermodal rail is now more expensive than trucking in some secondary markets.
03 May 2019
US shippers have pricing power over truckers now, but their advantage may slip away by the end of 2019, Coyote Logistics warns.
02 May 2019
XPO Logistics CEO Brad Jacobs says the company has “gotten its mojo back” after losing a $600 million account, and although there is plenty of data to suggest XPO will be fine in the long term, there are still some concerns that the road ahead will be bumpy.
How wary should truck brokers be of Amazon?
29 Apr 2019
Speculation has run rampant over the past three years that the e-commerce giant would eventually compete with the parcel carriers that move its freight, but it turns out Amazon actually has its sights set on the brokerage market.
29 Apr 2019
Uber Freight has established a direct integration into SAP’s widely used TMS, enabling the digital broker to expand the demand side of its marketplace and SAP users to tap into Uber’s driver network.
Top 50 Trucking Companies 2018
22 Apr 2019
The 50 largest US trucking operators grabbed a larger share of the market, while smaller carriers raised the bar in terms of revenue growth last year thanks to the strongest freight market since the 2009 recession.
Amazon ranks #1 in top 50 global 3PLs
20 Apr 2019
Although the e-commerce giant doesn't describe itself as a third-party logistics provider (3PL), Amazon has surpassed major global players such as DHL and Kuehne + Nagel in 3PL revenue.
05 Apr 2019
A drop in the number of truckers at the smallest US trucking companies could indicate a market shift toward large carriers as spot truckload rates seek bottom.
03 Apr 2019
With a majority stake in Truckstop.com, ICONIQ Capital will fuel the development of the load-matching firm's technology services to help simplify capacity procurement.
01 Apr 2019
The largest 50 US trucking firms saw their share of for-hire revenue jump by double digits last year compared with pre-recession levels, as shippers give bigger carriers more business.
27 Mar 2019
After a year of beta testing, Leaf Logistics is on the verge of opening a forward trucking contract market, and the Nodal Exchange on Friday will launch a freight futures market supplied with truckload data from FreightWaves and DAT Solutions.
12 Mar 2019
Completion of a $450 million rights offering will keep Roadrunner’s LTL and truckload capacity on the road as the operator attempts to rebuild its business.
15 Feb 2019
Despite a forecast loss of $600 million in e-commerce revenue, XPO Logistics expects to increase revenue 3-5 percent in 2019, as it enters a more mature phase of growth.
DSV Logistics.
29 Jan 2019
European forwarders are trying to blunt ocean carriers from encroaching on their business.
A truck travels in California, United States.
23 Jan 2019
The hefty capital injection for NEXT, announced Wednesday, places it among the biggest individual raisers of capital in the most recent wave of logistics technology startups.
Trucks travel on a US highway.
16 Jan 2019
Schneider's adoption of the new systems places in stark relief the need for brokers to differentiate.
A truck travels in the United States.
09 Jan 2019
With the US Securities and Exchange Commission closed, Roadrunner is looking for a run-around to push its rights offering and recovery plan forward.
Trucks travel on a road in California, United States.
19 Dec 2018
The Phoenix-based company broke into the top 10 of North American brokers in 2018.