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

03 Apr 2020
With freight volumes expected to plunge over the next six months as the US falls into recession, shippers should remember their strategic trucking carriers and work together to weather the storm.
02 Apr 2020
US trucking companies are preparing to brake hard once the current surge of essential freight fades. The loss of demand and capacity will complicate the eventual recovery.
27 Mar 2020
Digital truck brokers have found it hard to confidently provide an accurate guaranteed rate to shippers 14 or 21 days in advance because of the unpredictable developments of coronavirus disease 2019 (COVID-19), causing one-off quotes to be higher than normal.
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.
20 Mar 2020
Spot truck rates are up about 5 percent since the end of February on demand for consumer staples, even as the US economy slows. Pricing may still be elevated when Chinese imports hit US ports and produce season puts the screws to US trucking capacity.
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.
16 Mar 2020
Denver-based freight broker Archerhub is taking a driver profitability approach to building a successful technology-based business in a market flush with new digital entrants.
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.
10 Mar 2020
The forward truckload freight contract platform has raised $20 million in capital to fuel growing demand to connect shippers and carriers with a binding agreement that lets them focus on more variable supply and demand issues.
10 Mar 2020
Large US truckload carriers that engaged in mergers and acquisitions and expanded specialized services like dedicated trucking fared much better in 2019 than those that relied more on traditional dry-van business, according to JOC's 2020 Top 25 US Truckload Carrier Rankings, prepared by SJ Consulting Group.
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.
05 Mar 2020
J.B. Hunt Transportation Services, one of the largest US intermodal providers, is making a strong push into the temperature-controlled business by doubling its container fleet in 2020.
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.
03 Mar 2020
The FMCSA is sending undisclosed changes to truck driver hours of service (HOS) rules to the White House for approval, raising hopes for greater flexibility in truck scheduling.
02 Mar 2020
CRST International’s purchase of NAL Group is evidence that final-mile logistics is becoming an even greater priority for truckload carriers in a time of low freight demand and economic uncertainty.
25 Feb 2020
Spot truck rates out of Los Angeles are weaker than usual, thanks in part to the coronavirus that has interrupted freight flows from China. Will restocking spark a pricing whiplash this spring?
24 Feb 2020
Efforts to rein in excess capacity accelerated among large carriers, lowering the JOC Truckload Capacity Index to 85.2 in the fourth quarter. However, even that reading is still high.
19 Feb 2020
Coyote Logistics predicts truckload contract rates will remain flat to down in 2020 versus a year ago, while spot rates will be higher than 2019 levels very soon.
18 Feb 2020
Truck tonnage increased for the second straight month in January, but a weak manufacturing sector and high inventories are keeping a lid on freight demand.
18 Feb 2020
Truckload carrier Alabama Motor Express sees opportunities to grow by purchasing smaller carriers hit by rising truck insurance premiums.
13 Feb 2020
Non-asset intermodal providers want railroads to be more lenient on container charges and late fees when bidding for shipper business in order to become more competitive with the likes of J.B. Hunt Transport Services.
06 Feb 2020
Despite trucking companies and brokers saying capacity is “rightsizing,” spot rates have not increased in tandem with volume and shippers could secure contract rate reductions for 2020.
05 Feb 2020
Amid weak intermodal volumes in 2019, the JOC Domestic Intermodal Savings Index shows spot and contract savings are lower than historical averages, although the year closed stronger for shipper savings on the spot market.
31 Jan 2020
Trucking companies and brokers expect low rates to persist a while longer despite a surge in December and early January, and there’s no consensus as to when, or if, a sustained turnaround will take hold later this year.
29 Jan 2020
Railroads and intermodal providers say there will be more volume in 2020 than last year, although shipper demand will not fully recover until the second half of this year.
28 Jan 2020
Truck volumes have flattened, not collapsed, a trucking analyst tells SMC3’s Jumpstart 2020 Conference. Truck capacity hit its peak in Q4 2019, and is expected to contract this year.
28 Jan 2020
The bottom of the current slump in US freight demand is approaching, but new threats, including the China coronavirus, are emerging, speakers at the SMC3 Jumpstart 2020 conference warned.
24 Jan 2020
An increase in housing permits and starts will help rebuild US truck volumes this spring, putting increased demand on truck capacity and spot pricing, according to Bobby Holland, vice president and director of freight data solutions at US Bank.
22 Jan 2020
Indications that the US manufacturing sector is improving, rather than deteriorating, could point to more freight demand and truck shipments this spring, especially for LTL carriers.
22 Jan 2020
The freight market has returned closer to equilibrium between shippers and truckers than last year, but a murky middle persists over whether business conditions will flip toward carriers later this year.
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.
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.
14 Jan 2020
Shipper demand, lower modal boundaries, and changing procurement practices lead LTL technology provider SMC3 to add truckload functionality to its bidding software.