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

In his Nov. 16 tweet promoting the rollout of Tesla’s new electric semi-truck, Tesla CEO Elon Musk promised, “This will blow your mind clear out of your skull and into an alternate dimension.”

News & Analysis

19 Sep 2019
What differentiates good shippers from bad ones? A Council of Supply Chain Management Conference panel discussed how the real conversation for shippers is internal, not external.
17 Sep 2019
Trucking executives aren’t as worried about the impact of the IMO 2020 low-sulfur rule as they are about pending US regulatory changes that will more directly affect the sector.
12 Sep 2019
Schneider National says it’s not worried about Amazon purchasing branded 53-foot containers because the intermodal provider believes only a small group of companies have the scale to insource.
12 Sep 2019
DHL Supply Chain will connect with the truckload freight network of Seattle-based broker Convoy and San Francisco-based collaborative software provider Turvo, startups that have raised more than $355 million in combined funding.
11 Sep 2019
The Cass Truckload Linehaul Index has gone negative for the first time since March 2017, a signal that in addition to spot rates, contract rates are starting to suffer as well; intermodal prices are also expected to go negative in October.
11 Sep 2019
The US intermodal industry is currently in the midst of a down cycle after volumes and rates surged in late 2017 and early 2018, but there are opportunities for railroads to accelerate the potential rebound if they are able to take advantage.
09 Sep 2019
The Journal of Commerce has learned Amazon has acquired 53-foot containers, signaling an intention to tender intermodal volume directly to Class I railroads without an intermediary and marketing itself as an end-to-end supply chain solution for small retailers.
04 Sep 2019
Truck drivers are being detained longer during pickups and deliveries, cutting into their driving time and adding to shipping costs, despite efforts by “shippers of choice” to speed those drivers through their gates, a study by the American Transportation Research Institute (ATRI) finds.
29 Aug 2019
J.B. Hunt has informed shippers it will assess peak season surcharges on excess freight out of California and Washington state even though volumes are much weaker than a year ago.
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.
28 Aug 2019
The low-cost transportation execution provider AscendTMS is partnering with EDI connectivity platform Kleinschmidt to help its broker, shipper, and carrier users digitize basic processes like load tendering and payment.
26 Aug 2019
Heartland Express has acquired truckload carrier Millis Transfer and the Millis driving school for $150 million, the second major acquisition the Iowa carrier has made in two years.
26 Aug 2019
Digital freight broker Loadsmart has built an extension to its platform to allow shippers using shareable spreadsheets to request rates and book truckloads directly within those documents.
22 Aug 2019
Coyote Logistics reports its spot market index is down 24.9 percent year over year, but the 3PL believes an inflection point is near when demand will begin to pick up and rates climb again.
20 Aug 2019
One of the few positive indicators in trucking is the ATA Tonnage Index, which rose 7.3 percent in July year over year -- a signal that some don’t believe the industry is in turmoil.
16 Aug 2019
Despite the "doom-and-gloom" predictions of some industry watchers, there are cities where trucking activity has picked up in August, offering a glimmer of hope for the US freight market.
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.
15 Aug 2019
After a rise in domestic US trucking rates in June offered a glimmer of hope, the numbers and commentary show a return to sluggish shipping conditions in the previous 45 days.
13 Aug 2019
The largest domestic truckload and less-than-truckload (LTL) carriers reported double-digit percentage revenue gains in 2018 thanks to strong US economic growth and the tightest trucking market on record.
13 Aug 2019
New funding for freight invoicing startup BasicBlock shows investors are keen to back emerging payment technology and that carriers are struggling with liquidity in a soft rate environment.
08 Aug 2019
Fleet bankruptcies show some capacity is coming out of the market, but it’s unclear whether that will make any significant dent in the oversupply of trucks available in the spot trade.
05 Aug 2019
The long-term outlook for truckers, and their shipper customers, is blurred by the fog of trade wars, but 2020 will bring changes.
01 Aug 2019
Schneider National cut its 2019 earnings guidance, citing an uncertain outlook for trucking and intermodal volumes in the second half of the year.
01 Aug 2019
Schneider National has shut its first and final-mile division only three years after the major acquisitions of Watkins & Shepard and Lodeso, exiting a market where it was unable to make inroads amid a crowd of competitors.
29 Jul 2019
Large US truckload carriers are cutting excess capacity, albeit only slightly, pulling the JOC Truckload Capacity Index down for the first time since 2016.
26 Jul 2019
A long-term investment in technology is helping Werner generate profits, and capacity for shipper customers.
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.
US truckload carriers still short drivers: ATA
24 Jul 2019
The driver shortage has diminished, but not disappeared, the American Trucking Associations says. Demographics, freight demand, and pay are the key issues.
24 Jul 2019
With rates and freight demand low, smaller trucking operators may be increasingly up for grabs.
22 Jul 2019
IHS Markit data shows LTL pricing and rate hikes declining at a slower pace than truckload pricing.
Mexico trucking benchmarks to launch in August
19 Jul 2019
A new truck rate benchmarking program designed to give Mexican shippers their first scientifically-created rate comparisons will be available next month, compiled by Chainalytics and a Mexican partner.
19 Jul 2019
Shippers own the US freight market in mid-2019, but they are finding the cost of poor or inconsistent trucking service can outweigh the savings of lower rates.
US truckload pricing battle heats up
17 Jul 2019
As the US economy softens, shippers are pressing truckload carriers to reverse rate hikes, but carriers say the money has already been spent -- on driver raises and new trucks.
17 Jul 2019
CSX Transportation lowered its guidance for 2019 after offering a grimmer view of the freight market than J.B. Hunt had a day earlier, warning investors that the second half of the year could be worse than the first.
16 Jul 2019
Uncertainty clouds the freight outlook beyond August, as spot truck rates cool in July after rising in June and US inventories remain high.