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

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.
16 Mar 2021
As the market careened downhill in the first half of 2020, many of the largest truckload carriers began reducing their fleets, and many did not begin adding trucks when demand returned and capacity tightened.
11 Mar 2021
US freight demand is “through the roof” after supply chains broke down during February’s winter storms, trucking companies say. More freight may be shifting from spot markets to contractual partners as networks are restored.
05 Mar 2021
The transportation and warehousing sector lost fewer jobs than anticipated in February, but trucking companies saw deeper than expected job losses in a storm-wracked month.
03 Mar 2021
To secure capacity, truck shippers must offer freight that ‘fits’ a carrier’s network of lanes, vehicles, and drivers, speakers at a virtual TPM21 panel said.
02 Mar 2021
Knight Swift CEO Dave Jackson tells JOC’s virtual TPM21 conference that trailer pools, agility, and long-term thinking is the way carriers and shippers can reduce the wild swings seen in trucking rates since 2017.
24 Feb 2021
Truckload carrier Werner Enterprises is expanding its Edge technology platform to brokerage partners and shippers, tightening its focus on landside logistics after offloading its ocean and air forwarding unit.
17 Feb 2021
Texas is the epicenter of supply-chain damage caused by Winter Storm Uri, but the disruption is being felt nationwide. Mexican imports by truck may be delayed for days.
11 Feb 2021
Increasing US truck freight demand from ports to factories may slow the decline in spot truckload rates seen by DAT, while contract motor carriers take on more business.
10 Feb 2021
Investment continues to surge into technologies that enable small truckload carriers to improve administrative and operational aspects of their businesses, with SmartHop’s $12 million funding round the latest example.
08 Feb 2021
The loss of 84,300 trucking and warehousing jobs in January -- actual numbers before seasonal adjustment -- makes prospects for tighter capacity and higher rates for US shippers in the months ahead more certain.
03 Feb 2021
Shippers may see intermodal savings evaporate in the first quarter if rail contracts rise more than 10 percent and spot truck rates continue to cool off and pressure truck contracts.
Transplace urges shippers to actively manage routing guides and optimize networks now, rather than attempt to “time the market.” Photo credit: Shutterstock.com.
03 Feb 2021
Fewer trucking companies are responding to shipper bids, as contract truckload pricing rises by high single-digit percentage rates, Transplace executives said Tuesday.
27 Jan 2021
Another new entrant in the small carrier TMS space, Dallas-based Axele, portends more market structure and available capacity for shippers to tap into.
26 Jan 2021
A surge in demand for Shipwell’s technology-focused managed transportation approach, with freight under management tripling in 2020, is a sign of shippers’ increased reliance on an outsourced approach to logistics.
21 Jan 2021
Companies such as Werner Enterprises, Schneider National, and U.S. Xpress are taking an active role in the development of autonomous trucks, but not, they say, to replace drivers.
19 Jan 2021
US truckload carrier Heartland Express improved revenue and profit in the most recent quarter and is raising driver pay, investing in new equipment, and focusing on improved utilization in 2021.
15 Jan 2021
Rising industrial freight volumes will keep pressure on truckload capacity and pricing in 2021, even if demand for goods peaks, according to FTR Transport Intelligence analysts.
14 Jan 2021
European truckload broker sennder has vaulted into the upper reaches of venture capital-based logistics startups with a $160 million funding round and a $1 billion valuation.
14 Jan 2021
Shippers have used the spot trucking market to account for volume surges in 2020, but they can use data to better calibrate their contracts, including short-term deals, freight procurement expert Heather Mueller tells JOC Uncharted.
11 Jan 2021
High demand for consumer goods and tight capacity will keep pressure on US contract and spot truckload rates in the early part of 2021, but pricing could begin to recede again by mid-year.
08 Jan 2021
Trucking’s peak season extended well into December, blunting a seasonal decline in actual trucking employment numbers and boosting seasonally adjusted job gains, according to data released Friday.
22 Dec 2020
The integration between AscendTMS’s widely-used transportation management software with predictive pricing and historical benchmark trucking data from DAT Solutions is a signal that users of such systems want more value piped directly into the platforms on which they rely.
17 Dec 2020
The truck driver turnover rate is rising at truckload carriers as they compete for employees; that is spurring a new round of pay hikes for drivers.
17 Dec 2020
Convoy is integrating with AscendTMS, another sign of the importance of enabling small truckload carriers with software to manage driver dispatch and scheduling, which helps give shippers electronic access to more capacity.
16 Dec 2020
Momentum for software that helps small carriers manage their businesses keeps growing, with CloudTrucks getting $20.5 million in venture capital to build its “virtual carrier” model and an instant pay product for drivers.
15 Dec 2020
COVID-19 and the wave of imports reaching the US will keep pressure on transportation capacity and pricing, from ports to the last mile, shippers warned Tuesday.
11 Dec 2020
Pandemic-related LTL service issues that include long delays and missed deliveries have not gone away and may be resurfacing as COVID-19 surges and container volumes soar
11 Dec 2020
A technology-based freight broker has spun out its technology as a standalone transportation management system (TMS), signaling the need to better connect small carriers to surface capacity for shippers.