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

11 Feb 2020
XPO Logistics, Old Dominion Freight Line, and Saia are among LTL trucking companies that see encouraging, albeit modest and early, signs for economic growth in 2020.
17 Jan 2020
Dedicated contract carriage, final-mile service, and a digital marketplace helped carry J.B. Hunt through a tough fourth-quarter intermodal and trucking market.
16 Jan 2020
Expect the sale or spin-off of some business to make XPO more a “pure-play” LTL trucking company — smaller, but more focused on US shippers and better positioned to increase shareholder value.
16 Jan 2020
The freight broker GlobalTranz is expanding its reach in the managed transportation services market with the acquisition of Cerasis, a broker that effectively acts as provider of transportation management software and often runs the software for its less-than-truckload, parcel, and final mile customers.
15 Jan 2020
Shippers retain substantial pricing power despite a recent spike in truckload spot rates, which appear to be settling near recent highs that are still below year-ago levels.
02 Jan 2020
The high-profile financial failings of so-called disruptors like Uber, Lyft, Grubhub, Blue Apron, and WeWork should serve as a warning to investors in the budding digital freight brokerage space.
27 Dec 2019
Virtually every notable new domestic freight broker in the US tied up at least one direct integration with a major transportation management system (TMS) provider in 2019, a trend that will likely continue in the coming years.
27 Dec 2019
Less-than-truckload (LTL) carriers maintained pricing discipline and focusing on their bottom lines in 2019, but the overall outlook for the sector in 2020 still depends largely on a flagging US manufacturing industry.
26 Dec 2019
While carriers have long had options to get paid quicker than payment terms would guarantee -- by accepting a discount on invoices -- freight broker LoadDelivered is testing whether drivers would trade early payment for providing visibility and capacity loyalty.
18 Dec 2019
Seattle-based Convoy is challenging freight brokerage incumbents by saying it has developed capability to automate freight matching and pricing in widely-used US truckload lanes.
13 Dec 2019
Shippers may find capacity tighter on a carrier-by-carrier, lane-by-lane basis when the final phase of the ELD mandate takes effect Monday.
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.
Convoy has catered to small shippers before now, but put a pause on serving new customers with fewer than 1,000 truckload hauls this spring and summer.
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.
WiseTech Global is making a big push into the US with the acquisition of Depot Systems, which runs container yards and handles container bookings.
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.