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

Because “hedonic,” supply-and-demand-based pricing leads to bigger swings in trucking rates, accounting for both costs and market sentiment data could smooth the market’s inherent peaks and valleys.

News & Analysis

16 Jun 2021
Vancouver-based Freightera, an online trucking marketplace, has found that more environmentally friendly motor carriers are often lower in cost as well.
11 Jun 2021
The Cass Freight Index shows shipment volumes, costs, and rates remain at or near multi-year highs after staging a strong rebound from the COVID-19 lull in freight shipments.
11 Jun 2021
Knight-Swift Transportation, one of the top five US domestic intermodal providers, will be leaving BNSF Railway on Jan. 1, 2022, to partner with Union Pacific Railroad in the western US.
08 Jun 2021
As the US economy reopens, more states are speeding up the permitting process for oversize/overweight flatbed loads, as cargo diversion complicates routing.
08 Jun 2021
Visibility provider Overhaul has received $35 million in funding, led by infrastructure giant Macquarie, to expand its risk reduction-based approach to supply chain visibility globally.
07 Jun 2021
Top trucking and intermodal providers are raising penalties on shippers who do not promptly unload and return 53-foot trailers or containers.
07 Jun 2021
Housing, energy, and manufacturing are generating intense demand for flatbed transportation at a time when a shortage of materials is disrupting supply chains.
04 Jun 2021
The US for-hire trucking industry has added 25,100 jobs over the past three months, but the US economy appears to be expanding faster than trucking recruiters can hire workers.
02 Jun 2021
The Coyote Curve truckload market forecast calls for a new spot pricing peak in the third quarter, but the pricing cycle may not turn downward until 2022.
01 Jun 2021
The largest US truckload operator, Knight-Swift, acquired non-asset 3PL UTXL to gain access to additional trucks and drivers, as well as new logistics services.
31 May 2021
US produce and food shippers are short on trucks as heightened demand for grocery and restaurant food meets shortages of everything from ketchup to truck drivers to pallets.
25 May 2021
US truckload spot rates are hitting new highs in May as continued strong freight demand, coupled with market disruption, pushes up pricing in the South and Southwest,
19 May 2021
US shippers and truckers are struggling to expand their trailer pools as demand for drop-and-hook trailer service rises and manufacturing backlogs stretch into 2022.
19 May 2021
Convoy is expanding its drop-and-hook program to cover more spot freight, a move that lets shippers negotiate demand variability without sacrificing the efficiency benefits of pre-staged loads.
18 May 2021
 The volume of freight handled under contract with motor carriers showed a month-over-month decline in April following a strong March.
13 May 2021
The US Commerce Department has reaffirmed a large antidumping duty on Chinese-made chassis in a final determination that will impact the transportation of international and domestic containers.
13 May 2021
Shippers moving goods to and from the Southeast may expect further disruptions in service as fuel shortages linger, pushing more freight to the spot market.
13 May 2021
Optimal Dynamics, a technology provider that helps truckload fleets optimize the deployment of their assets, has landed a large early-stage funding round led by well-regarded venture firm Bessemer.
06 May 2021
The JOC Intermodal Savings Index hit a new record in Q1, but rising spot intermodal rates and surcharges could reduce savings in Q2.
06 May 2021
Perishable shippers seeking to wean themselves off a reliance on brokers have a new venture-backed platform that connects them directly with a network of pre-vetted reefer carriers.
30 Apr 2021
project44’s expansion into Asia and a new partnership with a risk management platform signify its aims to augment the number of use cases for transportation visibility.
27 Apr 2021
Extraordinary freight demand and a maxed-out transportation network will keep truck pricing elevated longer than once expected, perhaps into early 2022, Landstar CEO Jim Gattoni and others say.
21 Apr 2021
February’s winter storms in the southern and central United States had a large and lingering impact on transportation and supply chains, though freight demand is now in full flow, consuming this spring’s truckload capacity.
21 Apr 2021
The 50 largest US trucking operators increased combined revenue 7.4 percent in a recession as consumers drove frenzied freight demand.
20 Apr 2021
Unadjusted US tonnage data from the American Trucking Associations shows freight returned to the highways after a frozen February, propelling truck spot pricing to a new ceiling.
16 Apr 2021
J.B. Hunt will be adding 12,000 new containers in 2021, upping its original order announced in January based on increased shipper demand for intermodal service.
15 Apr 2021
Torch Logistics will use $3.5 million in seed funding to expand its short-haul truckload brokerage to capitalize on e-commerce demand.
13 Apr 2021
Factoring solutions provider and lender eCapital saw an uptick in revenue in 2020 and is now merging its acquisitions under a single brand as it sees consolidation taking root in the logistics financial services space.
06 Apr 2021
Alabama-based truckload carrier AMX is raising driver pay, but wants to do so in a way that will allow the carrier to maintain increased wages when demand – and rates – recede.
05 Apr 2021
US trucking companies reversed a three-month decline in jobs in March, but they haven’t escaped the employment crater created by the COVID-19 pandemic and recession.
05 Apr 2021
Third-party logistics industry had a banner 2020, with double-digit revenue growth, according to SJ Consulting.
31 Mar 2021
The JOC Truckload Capacity Index rose 2.1 percentage points in the fourth quarter, as some of the largest US truckload carriers expanded dedicated business or replaced older rigs.
30 Mar 2021
Truck driver pay is improving, and that may be keeping more drivers behind the wheel, rather than jumping from job to job.
24 Mar 2021
San Francisco-based Baton, the developer of a software-based drop-zone model linking truckload with final-mile in Los Angeles, has landed a $10.5 million funding round to expand the concept into other North American cities.
16 Mar 2021
Tight truck capacity is a prime reason for the growth of dedicated trucking, but not the only one. Shippers are using dedicated as a tool to influence customers and reshape supply chains.