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

28 Sep 2020
Rising local trucking employment in the US and higher pricing highlights a shifting balance in transportation networks accelerated by double-digit growth in e-commerce sales.
25 Sep 2020
Criticism of the truckload broker Convoy for using venture capital to expand its market share reached a fever pitch this week based on a new offering that helps shippers sidestep the annual bid process, a product incumbent brokers claim is not as innovative as Convoy suggests.
24 Sep 2020
US shippers are returning to the ‘shipper of choice’ model as a peak season unlike any other looms ahead, trucking executives told the virtual CSCMP 2020 Edge conference this week.
22 Sep 2020
A new service from C.H. Robinson could replace the annual truckload bidding process with a more dynamic approach to procuring trucks and increasing savings across networks of freight lanes.
18 Sep 2020
Large truckload carriers made their deepest capacity cuts in a decade in the second quarter, the JOC Truckload Capacity Index shows; they’re not likely to restore capacity quickly.
18 Sep 2020
Shippers using third-party vendors to help them manage auditing and paying their freight bills see a sizable advantage in process costs versus those that manage the function in-house, new research has found.
17 Sep 2020
Convoy is providing shippers an avenue to avoid what it considers unnecessary procurement costs associated with negotiating annual truckload bids that aren’t generally honored by either the shipper or carrier.
16 Sep 2020
German digital broker Sennder has scooped up Uber Freight’s European operations for an undisclosed amount, consolidating its position in a market defined by small carriers with employee drivers, not independent owner-operators.
15 Sep 2020
US producer price indexes for August showed a marked jump in local trucking costs, likely due to increased demand for service between ports, warehouses, and distribution and fulfillment centers as e-commerce demand spurred imports.
10 Sep 2020
Contract truck rates are rising because shippers are struggling to find available capacity and asking carriers what it will take to get their freight moving.
09 Sep 2020
US for-hire trucking companies are rehiring truck drivers at a rate slower than the acceleration of freight demand, contributing to rising pressure on truck rates and US shippers.
03 Sep 2020
The flood of imports to Los Angeles and Long Beach this summer is squeezing truckload and LTL capacity on inland truck routes, more than doubling spot rates to Chicago, as intermodal capacity and e-commerce deadlines remain tight.
01 Sep 2020
Third-party logistics provider Transplace looks to expand its shipper customer base through the acquisition of LeanCor, a supply-chain company focused on lean manufacturing.
28 Aug 2020
A proposed Federal Motor Carrier Safety Administration pilot project would let truck drivers stop the hours of service clock for up to three hours and then resume driving, giving them more control over their schedules, but a longer day.
26 Aug 2020
Truckload freight volumes are still increasing overall, but not at the frenetic pace of July, supply chain visibility provider FourKites says. That's a sign supply chains are "rebalancing," though spot pricing remains elevated.
14 Aug 2020
The largest US and Canadian truckload and LTL carriers have grown substantially over the last decade, despite short-term economic woes, according to data from SJ Consulting Group.
12 Aug 2020
Despite optimism that BNSF Railway’s congestion may ease, intermodal marketing companies expect demand to be high and equipment dislocations to persist through October in California.
10 Aug 2020
Companies able to field large numbers of trucks are no longer cutting back, but with high demand, additional capacity will come at a price to shippers.
07 Aug 2020
Supply chain disruption and the spread of COVID-19 may have limited carrier ability to add drivers and other employees last month, despite heightened demand.
04 Aug 2020
Uber Freight and CH Robinson announced links with accounting and ad hoc project software providers, a sign they need to extend their range of services to reach pools of small shippers.
04 Aug 2020
In expanding the surcharge to all shippers, UP cited “a significant increase in demand for container capacity across the system” that is expected to “increase further in the coming weeks.”
04 Aug 2020
A tech-enabled cross-border truckload marketplace is giving shippers access to instantly bookable contract rates for up to a year as it seeks to build density with enterprise customers.
21 Jul 2020
A Miami startup intends to create a software platform that levels the playing field for small truckload carriers by giving them a backbone system that also makes their interactions with brokers more consistent.
21 Jul 2020
Ryder, Blue Grace, and ARL Logistics have either started using or expanded existing relationships with truckload broker software provider Trucker Tool, signaling broader use of third-party tools as an edge in a fragmented market.
17 Jul 2020
Despite an unexpected uptick in intermodal volume to close the second quarter, J.B. Hunt Transport Services says third-quarter consumer demand remains unpredictable due to the effects of the COVID-19 pandemic.
16 Jul 2020
The continuing surge in COVID-19 cases acts as an anchor on the economic recovery and could turn a U-shaped recovery into a W-shaped one, IHS Markit’s chief economist warns.
15 Jul 2020
Freight broker Convoy has enabled small carriers to bid for long-term dedicated freight contracts, expanding the pool of carriers shippers can access to secure such capacity.
10 Jul 2020
With COVID-19 flare-ups endangering reopenings across the country, the road to recovery for US shippers and transportation providers will likely look more like a mountain switchback than a sharp incline.
09 Jul 2020
US Payroll Protection Program loans, once forgiven, will give small trucking outfits a chance to invest in much-needed technology, a tax and accounting advisory firm says.
07 Jul 2020
A large chunk of the US trucking sector is riding on Payroll Protection Program loans, which likely averted a capacity crunch in June and may still be shielding shippers this fall.
07 Jul 2020
Intermodal shippers are increasingly putting pressure on 3PLs to waive container fees as a precondition for business amid the coronavirus-linked recession.
06 Jul 2020
Shippers are rethinking both long-term and short-term truckload contracting and pricing strategies as freight levels rise from spring’s recessionary lows.
29 Jun 2020
Bankrupt Comcar sells its dry-van and refrigerated trucking subsidiary to Canada’s largest transportation company, which is expanding its presence in the United States.
24 Jun 2020
Shippers split between those growing during recession and those struggling need to focus on long-term supply-chain improvements to reduce costs, rather than short-term rate cuts.
23 Jun 2020
BNSF Railway has unveiled a five-day per week train service between Seattle and CSX’s Ohio hub about an hour south of Toledo.