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

15 Nov 2019
The divide sharpens between those who see looming recession in freight numbers and those who see sustained, albeit slower, US growth.
13 Nov 2019
The freight broker Convoy has landed the second biggest single funding round in North American logistics technology industry, as its investors more than double down on the idea of technology solving inefficiencies and waste in the truckload market.
08 Nov 2019
A shift to time-based truckload rates will come, eventually, as electronic logging and detention disputes reshape supply chains, a TIA report finds.
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.
05 Nov 2019
As spot intermodal rates begin to save shippers more money than earlier in 2019, shippers are seeing reduced savings on contract business.
01 Nov 2019
The pace of hiring at US for-hire trucking companies continues to slow as low unemployment and alternative work challenge recruiters.
31 Oct 2019
Top intermodal providers had few positives in describing the current state of the market with little to no seasonal uptick in container volumes on rail.
30 Oct 2019
Large truckload carriers continue to shed trucks, according to the JOC Truckload Capacity Index. Logistics providers, however, report ample available truck capacity.
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.
29 Oct 2019
US motor carriers blamed “an oversupply of truckload capacity” for greater-than-expected pressure on earnings in the third quarter.
29 Oct 2019
Increased use of dimensioning equipment and more detailed cost analysis is seen lifting the floor for LTL and truckload pricing in the future.
21 Oct 2019
A survey of small businesses shows truckers still looking for growth ahead, despite a tough market in 2019.
16 Oct 2019
J.B. Hunt Transport Services said its intermodal volume was flat in the third quarter, a positive given the 4.5 percent decline in total intermodal volume across the industry.
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
Two refrigerated intermodal carriers, Marten Transport and KLLM Transport, have acquired 53-foot containers as US Class I railroads have been disincentivizing intermodal trailer use.
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.
09 Oct 2019
A California-based digital freight marketplace sets a five-year goal to replace its asset-based diesel fleet with alternative power.
08 Oct 2019
A logistics veteran behind the growth of startups eventually bought out by C.H. Robinson and UPS Inc. has been named CEO of a new 3PL formed through a merger between Atomic Transport of Chicago and Cousins Logistics of Boca Raton, Florida.
01 Oct 2019
The 15th-largest US trucking operator will make deep cuts in its dry van truckload business and focus on LTL and logistics as it attempts to get back in the black.
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.
27 Sep 2019
An analysis of pricing in 115 spot truckload lanes by JOC.com indicates a sequential monthly increase in September, with rates rising 4.46 percent on average across those lanes.
24 Sep 2019
Trucking is experiencing slow growth, not a collapse, ATA Chief Economist Bob Costello says, with retail sales and contract business sustaining demand.
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.