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 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.
14 Jan 2020
“Continuous” truck moves collaboratively arranged by networks of shippers and carriers are the goal of Transplace’s acquisition of Lanehub.
10 Jan 2020
Trucking employment slipped in December as US manufacturing remained sluggish, but there are signs demand, and perhaps payrolls, may improve in 2020.
09 Jan 2020
Two technology firms are taking an ambitious step toward bringing shippers, trucking companies, and logistics providers together on one transportation management platform.
08 Jan 2020
Knight-Swift and DAT test a truckload rate forecasting system as shippers and their transportation and logistics providers push out the boundaries of supply-chain visibility.
07 Jan 2020
The US-Mexico-Canada Agreement may speed the processing of goods at US borders, but won’t necessarily speed transportation at the congested Mexican border, experts warn. That will require further investment in infrastructure and technology.
06 Jan 2020
The electronic logging device (ELD) eventually will help shippers find trucks more quickly, help trucking companies better manage drivers, and help drivers better manage hours. But more integration of ELD data with other systems and more development are needed to deliver bigger benefits.
03 Jan 2020
Gaining visibility into truckload movements allows shippers to improve transportation execution and efficiency, as well as accurately benchmark carrier performance and enforce minimum service standards for providers.
26 Dec 2019
The US truckload freight market took some bruising in 2019, but there are signs that a rebound may be around the corner in 2020.
26 Dec 2019
While carriers have long had options to get paid quicker than payment terms would guarantee -- by accepting a discount on invoices -- freight broker LoadDelivered is testing whether drivers would trade early payment for providing visibility and capacity loyalty.
24 Dec 2019
With the number of truck drivers in the United States expected to continue rising steadily, motor carriers in the coming years will be focused on to getting the most out of existing drivers' miles and ensuring drivers earn enough money to keep them behind the wheel.
20 Dec 2019
The JOC.com editorial team has identified 10 trends every shipper, carrier, and third-party logistics provider should be watching in the upcoming year.
19 Dec 2019
The Cass Freight Index suggests the bottom of the trucking market has passed, although the data doesn’t provide a clear picture of when pricing power will flip toward carriers again.
19 Dec 2019
The latest data from the American Trucking Associations shows large truckload carriers cutting drivers and smaller fleets ramping up hiring.
17 Dec 2019
Year-to-date declines in metal, chemical, and forest product shipments will depress future truck volumes, creating an overhang that will affect pricing, a transportation economist says.
13 Dec 2019
Shippers may find capacity tighter on a carrier-by-carrier, lane-by-lane basis when the final phase of the ELD mandate takes effect Monday.
12 Dec 2019
Truckload spot rates leaped upward in the first week of December, rising 12 cents per mile above their November average according to DAT Solutions as the final holiday retail push got underway.
09 Dec 2019
Although a large carrier, Celadon’s fleet size and revenue are just drops in the US truckload bucket. The biggest impact of its bankruptcy may be in Mexico.
J.B. Hunt, JDA latest to join broker-TMS integration trend
09 Dec 2019
Brokers with digital freight marketplaces continue to partner with widely used TMS providers to give users of those systems direct access to electronic capacity and booking capabilities, while the marketplaces get an influx of direct shippers customers.
06 Dec 2019
IHS Markit points to a “modest upturn” in the US economy, with consumer demand keeping freight in motion.