Truckload Freight

Truckload Freight

Shipping news, analysis and rankings of U.S. truckload companies such as Swift Transportation, Landstar System and J.B. Hunt Transport Services.

The 25 largest truckload carriers in the US increased their combined revenue 5.4 percent in 2017 to nearly $28 billion, as freight demand quickened in the second half of the year. Revenue increased at 20 of the Top 25 Truckload Carriers last year, compared with 10 in 2016, a sign truckload carriers pulled out of the economic mire that slowed them in 2015 and 2016.
Acquisitions helped power growth among the largest truckload carriers, boosting revenue significantly at heavy-haul specialist Daseke and dry van carrier CRST International. If 2018 continues as strong as it began, and they can to find and hire qualified truck drivers, the largest truckload carriers are likely to pull even with their faster-growing LTL counterparts.

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

A truck travels on a US highway.
07 Dec 2018
The FMCSA published 10 decisions rejecting petitions for ELD exemptions Friday, a sign the agency has drawn a sharp line when it comes to pleas for relief from the year-old rule. Instead, expect more focus on the hours of service rules themselves.
Trucks travel in California, United States.
03 Dec 2018
Freight growth may slow in 2019, but shippers should be vigilant in seeking new routes owing to constrained capacity.
A truck travels in Montana, United States.
29 Nov 2018
Regionally, the Midwest and Northeast are hot spot truckload markets in late November, as freight moves off coasts and inland to distribution centers, stores, and consumers. Shippers appear to be making more use of contract capacity, however, which is a sign capacity overall is less tight.
A truck travels in South Dakota, United States.
28 Nov 2018
As truck driver turnover rates rise, and more veteran drivers retire, more motor carriers are taking training into their own hands through in-house schools and apprenticeship programs.
Trucks travel on a US highway.
16 Nov 2018
Higher freight volumes and shipper spending reported by the Cass Freight Index show that while the US economy may be expanding more slowly in late 2018, it is not on the verge of a contraction.
Digital bill of lading.
09 Nov 2018
Efforts to digitize the bill of lading that must accompany each shipment, whether on an ocean vessel or tractor-trailer, aren’t necessarily new, but they’re gaining ground in an era of e-commerce and tight capacity.
A truck being loaded in the United States.
08 Nov 2018
Shippers plagued by capacity shortages need to eliminate inefficiencies and wasted time to effectively create capacity now out of reach.
A freight truck travels in Chicago.
26 Oct 2018
Harsh weather and the electronic logging device mandate — requiring truck drivers to record their of hours of service digitally and cease use of paper logs to track drivers' time behind the wheel — have put pressure on Chicago and other US markets.
Trucks travel on a US road.
25 Oct 2018
Sequential volume gains may have slowed, but year-over-year shipment increases are still substantial for two of the largest US trucking companies.
A truck travels in South Dakota, United States.
08 Oct 2018
For those who think that it’s somehow counterintuitive to have a pricing model designed to create a loss or to reduce operating margins, rest assured, it is.
Trucks travel in Tennessee, United States.
06 Oct 2018
Innovation and outside-the-box thinking are needed to help shippers and trucking companies kick old, bad habits and bring pricing into the 21st century. This is Part 1 in a 5-part series.
A delivery person presents an Amazon package
02 Oct 2018
By setting its internal minimum wage at $15 an hour, Amazon increases competitive pressure for blue-collar workers, especially younger workers, across industries, including trucking.
Intermdoal rail.
08 Aug 2018
Containers were one of only five items among the original 284 items granted a reprieve by the US working group consisting of nearly a dozen federal agencies.
Trucks travel on a US highway.
26 Jul 2018
Freight demand remains strong, even in summer, carriers say, and that’s allowing them to pick and choose the most profitable freight, with peak season just ahead.
20 Jul 2018
Many truckload carriers are on their second round of pay hikes this year as freight demand grows faster than driver supply. Can they keep pace with the peak?
19 Jul 2018
A Mexican government crackdown on double tractor trailers sparks shipper fears of trucking capacity reduction, potentially forcing them to pay more for trucking services or use rail.
19 Jul 2018
Acquisitions boost revenue, profit for Iowa-based Heartland Express as US freight demand pushes the limits of ‘transportation infrastructure.’
18 Jul 2018
Shorter (and sometimes longer) contracts, volume commitments, and even higher rates are among the many types of bait shippers are using to capture elusive truckload capacity.
17 Jul 2018
Once cyclical, problems such as the driver shortage are becoming systemic. That threatens to ‘bake’ higher costs into transportation rates.
16 Jul 2018
US shippers are desperate for surface capacity and turning to modes they previously shunned as a result.
Covenant Transportation Group.
05 Jul 2018
The Landair Holdings acquisition underscores strong shipper demand for dedicated services to meet delivery demands.
A truck travels on a US highway.
03 Jul 2018
It’s a stronger US truck market than even 2004/2005, drivers are aware that they are in short supply, and there is no end in sight — hence there is an obvious reason why both shippers and trucking companies should keep those market conditions in mind.
Trucks travel on a highway in Tennessee, United States.
02 Jul 2018
The trucking company’s reorganization continues, as it registered gains in truckload freight while less-than-truckload losses rose; two former executives have been charged with committing a $245 million securities fraud.
U.S. Xpress.
15 Jun 2018
“The market has a long way to run and it’s going to last longer than we’ve seen in the past,” said Eric Fuller, CEO and president, U.S. Xpress Enterprises.
US Xpress Enterprises.
07 May 2018
As freight demand and the need for capital rises, the fifth-largest US truckload operator plans a route back to Wall Street to fund growth.
A truck on a US highway.
03 May 2018
So how do you know whether a US dedicated contract carriage solution is right for you? Here are nine questions that will shape your review.
A truck travels on a US road.
01 May 2018
Trucking companies at the NASSTRAC Shippers Conference say they aren’t having an easy time finding capacity either, citing rising labor costs and a shrinking labor pool. And there are other sector issues they are dealing with that shippers never see.
Trucks on a US highway.
30 Apr 2018
Along with an increase in transport demand from the strengthening US and global economies, the truck transport capacity gap is being widened by a shortage of drivers. But can the sector raise wages enough to compete with the construction and oil/energy services sectors?
J.B. Hunt.
18 Apr 2018
By load volume, J.B. Hunt now hauls more dedicated freight than intermodal containers, as e-commerce is adding to dedicated trucking revenue.
An XPO logistics truck.
12 Apr 2018
Higher demand and pricing has shifted the Top 50 US trucking operators to the fast lane, and more growth is ahead.
Truck on a US road.
09 Apr 2018
Full enforcement of the electronic logging device mandate began April 1, but inspectors issued a slew of violations in early 2018, federal data show.
A US truck travels across the desert.
06 Apr 2018
DAT and Truckstop.com report that dry van rates have spiked as the new "spring peak" season picks up pace. Furthermore, truckers expect pricing and volumes to stay on an upward track through autumn.
MOL Group.
03 Apr 2018
By partnering with digital marketplace NEXT Trucking, MOL Consolidation Services looks to link Asian vendors with scarce US truck capacity.
A truck travels on a US road.
28 Mar 2018
Shippers should be aware that there are anecdotal reports that questionable forms of co-brokering or double brokering are on the rise in 2018, as the supply of US trucks tightens and some brokers look to make a quick buck. During these instances, shippers essentially fund a double commission and could be exposed to financial damages, delays or lawsuits when things go wrong.
A truck travels on a US road.
27 Mar 2018
As the electronic logging device mandate enforcement deadline looms, Trucker Path and Convoy have introduced new features to help truckers and shippers manage driver time in the digital era.