Truckload Freight

Truckload Freight

The 25 largest truckload carriers in the U.S. increased their combined revenue of nearly $28 billion in 2017. JOC.com annually publishes updated data about the largest 25 truckload freight carriers. Corporate acquisitions have helped power growth among the largest truckload carriers. Some of the largest truckload carriers include Swift Transportation, Schneider National, JB Hunt, Landstar System, Prime, Werner Enterprises, CRST International, US Xpress, Crete Carrier and Knight Transportation.

Commentary

Because “hedonic,” supply-and-demand-based pricing leads to bigger swings in trucking rates, accounting for both costs and market sentiment data could smooth the market’s inherent peaks and valleys.

News & Analysis

15 Jan 2021
Rising industrial freight volumes will keep pressure on truckload capacity and pricing in 2021, even if demand for goods peaks, according to FTR Transport Intelligence analysts
14 Jan 2021
European truckload broker sennder has vaulted into the upper reaches of venture capital-based logistics startups with a $160 million funding round and a $1 billion valuation.
14 Jan 2021
Shippers have used the spot trucking market to account for volume surges in 2020, but they can use data to better calibrate their contracts, including short-term deals, freight procurement expert Heather Mueller tells JOC Uncharted.
11 Jan 2021
High demand for consumer goods and tight capacity will keep pressure on US contract and spot truckload rates in the early part of 2021, but pricing could begin to recede again by mid-year.
08 Jan 2021
Trucking’s peak season extended well into December, blunting a seasonal decline in actual trucking employment numbers and boosting seasonally adjusted job gains, according to data released Friday.
22 Dec 2020
The integration between AscendTMS’s widely-used transportation management software with predictive pricing and historical benchmark trucking data from DAT Solutions is a signal that users of such systems want more value piped directly into the platforms on which they rely.
17 Dec 2020
The truck driver turnover rate is rising at truckload carriers as they compete for employees; that is spurring a new round of pay hikes for drivers.
17 Dec 2020
Convoy is integrating with AscendTMS, another sign of the importance of enabling small truckload carriers with software to manage driver dispatch and scheduling, which helps give shippers electronic access to more capacity.
16 Dec 2020
Momentum for software that helps small carriers manage their businesses keeps growing, with CloudTrucks getting $20.5 million in venture capital to build its “virtual carrier” model and an instant pay product for drivers.
15 Dec 2020
COVID-19 and the wave of imports reaching the US will keep pressure on transportation capacity and pricing, from ports to the last mile, shippers warned Tuesday.
11 Dec 2020
Pandemic-related LTL service issues that include long delays and missed deliveries have not gone away and may be resurfacing as COVID-19 surges and container volumes soar
11 Dec 2020
A technology-based freight broker has spun out its technology as a standalone transportation management system (TMS), signaling the need to better connect small carriers to surface capacity for shippers.
07 Dec 2020
Intermodal executives want to address the chronic congestion issues in 2020 with railroads and BCOs, but universally accepted solutions are hard to come by.
04 Dec 2020
Although trucking employment is rising, the year-over-year gap is still large enough to throttle back capacity and keep pricing pressure on shippers.
02 Dec 2020
US shippers’ acute need for truck capacity is driving activity in the dedicated contract carriage market, including Penske Logistics’ acquisition of Black Horse Carriers.
01 Dec 2020
Flock Freight, which uses software to aggregate less-than-truckload (LTL) shipments into multi-stop truckloads, has received more than $100 million to expand its alternative to the hub-and-spoke model.
17 Nov 2020
Shippers will need to look not just at multiple transportation modes, but across modes, to secure capacity in 2021, digital broker Loadsmart said.
13 Nov 2020
Higher pay is just a starting point for the solution to a resurgent driver shortage, J.B. Hunt’s Shelley Simpson tells the JOC Inland Distribution Webcast. Greater efficiencies, more shipper cooperation are key to improving driver jobs.
12 Nov 2020
As contract freight volumes begin to rise year over year, more pressure will come to bear on contract truckload rates, DAT’s Chris Caplice told the JOC Inland Distribution Webcast.
06 Nov 2020
The number of new operating authorities issued to US trucking companies is surging alongside imports, but that doesn’t necessarily mean truckload capacity is increasing.
03 Nov 2020
Capacity remains king in the US truckload market, as larger carriers face challenges hiring company drivers and owner-operators seek independent opportunities.
21 Oct 2020
Margin transparency is taking root among early-stage freight brokers, with cross-border 3PL Forager saying Wednesday it will provide clear pricing and service fees on any quote provided on its platform.
16 Oct 2020
J.B. Hunt said intermodal results were worse than anticipated because of major network congestion in rail terminals and shippers sitting on containers, which may not ease until 2021.
14 Oct 2020
The long run-up in spot market truckload rates and truck freight demand may be reaching its peak, but don’t expect a quick descent, speakers at the Transplace Shipper Symposium said Wednesday.
13 Oct 2020
An analysis of shipper transaction data shows a marked slowing of spot market rate hikes in September after a turbulent summer, perhaps pumping the brakes on the rise of contract rates
09 Oct 2020
Shippers are modifying their approach to truckload contracting, using more short-term “mini-bids” than ever before and turning to technology to improve a process that often breaks down when market prices swing quickly.
08 Oct 2020
As capacity tightens at the US-Mexico border, truckload carrier CFI is building a series of consolidation centers to expand its efforts to capture Mexico-bound less-than-truckload freight and provide shippers with more capacity.
07 Oct 2020
Logistics executives do not expect spot truckload rates to soar much higher, but they do not think they will drop either, forcing shippers to collaborate more.
06 Oct 2020
The purchase of Value Logistics gives Forward a bigger intermodal presence in the South-Central distribution hub as freight volumes of all types rise, said CEO Tom Schmitt.
06 Oct 2020
The freight broker Transfix is providing small carriers with free standalone operational technology to align their capacity availability with needs from the company’s shipper customers.
01 Oct 2020
The new rate differential tracked by DAT chief scientist Chris Caplice is rising at a faster pace, a sign that shippers will see a greater increase in truckload contract rates.
30 Sep 2020
Shippers moving to mini-bids as truck capacity tightens need more detailed and near-real-time data to match freight lanes and tractor-trailers.
28 Sep 2020
Rising local trucking employment in the US and higher pricing highlights a shifting balance in transportation networks accelerated by double-digit growth in e-commerce sales.
25 Sep 2020
Criticism of the truckload broker Convoy for using venture capital to expand its market share reached a fever pitch this week based on a new offering that helps shippers sidestep the annual bid process, a product incumbent brokers claim is not as innovative as Convoy suggests.
24 Sep 2020
US shippers are returning to the ‘shipper of choice’ model as a peak season unlike any other looms ahead, trucking executives told the virtual CSCMP 2020 Edge conference this week.