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.

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News & Analysis

Top 50 Trucking Companies 2019
06 Apr 2020
The 50 largest US trucking operators in the United States saw revenue growth throttle back considerably in 2019, but 2020 is shaping up to be even worse.
03 Apr 2020
Surging e-commerce volumes continued to drive growth among the 50 largest global logistics providers in 2019, but excluding Amazon, revenue not only decelerated, it actually fell from the previous year.
26 Mar 2020
Demand to haul essential freight into areas of the US most affected by the coronavirus disease 2019 (COVID-19) outbreak is soaring this month, causing rates to climb and driver detention to increase, and resulting in difficult conversations between brokers and shippers.
26 Mar 2020
Demand for essential goods and medical supplies is drawing truck capacity even as business shutdowns dry up other sources of freight, a trend that could result in displaced capacity.
25 Mar 2020
Truck drivers can both drive and work beyond regulatory limits if they’re hauling essential goods during the COVID-19 pandemic, and shippers need to do whatever they can to make that easier.
18 Mar 2020
Truck capacity is being tightened in drive-thru-sized bites as restaurant and rest stop closings delay drivers.
16 Mar 2020
As COVID-19 response unfolds, restricted business operating hours, potential closures could complicate deliveries, solidifying a soft trucking market.
12 Mar 2020
In picking former Home Depot CFO Carol Tomé as CEO, UPS puts a former customer from retail e-commerce leader in the driver’s seat.
11 Mar 2020
Truck demand and spot rates are rising as consumers stockpile goods amid the spread of the coronavirus, but truckers worry about potential loss of work due to quarantines.
09 Mar 2020
Shippers with an eye on instability in US markets are considering innovative contract terms, including the use of volume guarantees and flexible rates.
25 largest US less-than-truckload (LTL) carriers
09 Mar 2020
Compared with the freight boom of 2018, last year was disappointing for US less-than-truckload carriers, but pricing discipline allow the largest operators to maintain — and in some cases increase — their top line revenue.
05 Mar 2020
The coronavirus outbreak will amplify pricing and capacity swings in US trucking this year, and logistics experts warn that will mean a price shock for shippers.
 XPO’s Jacobs: Technology to transform shipping sooner than you think
05 Mar 2020
“Artificial intelligence is the biggest, biggest catalyst of change that I see in the world, and in our industry,” said Brad Jacobs, the chairman and CEO of XPO Logistics.
03 Mar 2020
XPO Logistics’ founder and CEO plans to use money from the sale of non-trucking business units to increase technology spending at its less-than-truckload (LTL) operations, with a focus on pricing.
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.