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

28 May 2020
Spot truckload rates are inching up as the reopening of many businesses shifts cargo, and capacity, to the contract market. That’s tightening spot capacity as loads increase.
26 May 2020
Produce shipments from western and southern US states provoked a refrigerated spot rate spike in May, and some truck shortages in California.
25 May 2020
Partnerships between digital freight brokers and TMS providers continue to be formalized, which should benefit shippers looking for extra sources of capacity in their core transportation planning and execution systems.
22 May 2020
Tightening truck capacity will collide with rising freight demand by 2021, flipping pricing power back to truckers next year, Coyote Logistics predicts, but consumer behavior is a wild card.
20 May 2020
The JOC Truckload Capacity Index indicates large US carriers are making deeper cuts in their fleets after an unprecedented 10-quarter expansion in available capacity.
20 May 2020
Comcar’s bankruptcy is a transfer rather than elimination of capacity, with new owners buying its subsidiaries and assets.
15 May 2020
Produce season and the reopening of some states to business are beginning to jump-start truck demand and spur higher spot rates in some lanes, but a long recovery is forecast.
14 May 2020
Regulators are expanding the area covered by the short-haul exemption to trucking hours of service rules, and that brings opportunities to drayage and e-commerce delivery carriers.
14 May 2020
The new final US hours-of-service rule gives truckers more flexibility in how they use their daily hours, but shippers get a gift of capacity that could help extend their pricing power.
13 May 2020
A new technology platform at Werner Enterprises is designed to break down communications barriers between the truckload carrier, its drivers, and customers, and automate more of the truck driver’s workflow.
11 May 2020
A refrigerated rail service sold by Union Pacific Railroad to shippers has shut down amid the COVID-19 downturn in volumes and competition from rival BNSF Railway and other large IMCs.
08 May 2020
JOC’s Spot Intermodal Savings Index hit an 14-month low in a preliminary April reading, the first snapshot of how the COVID-19 pandemic has altered the math on how much money intermodal can save a shipper.
08 May 2020
The recession caused by the COVID-19 pandemic has erased years of trucking employment gains, bringing payroll headcounts below 2006 levels, US data shows.
05 May 2020
A survey by two US trucking organizations reveals a shift in capacity to shorter haul lanes as the COVID-19 pandemic rapidly changes trucking markets and the mix of freight.
29 Apr 2020
Many US shippers and truckload carriers are putting off contract talks after the economic disruption caused by the COVID-19 pandemic interrupted them in mid-stride.
27 Apr 2020
Trucking companies large and small are focused on getting through the next month or two, after which they hope freight volumes will begin to recover. But that recovery may be a long one.
23 Apr 2020
Freight visibility provider Overhaul, fresh off a $17.5 million funding round in March, is partnering with Schneider’s broker division.
22 Apr 2020
An American Transportation Research Institute analysis of vehicle location data across six states shows trucking activity plummeting 8 to 10 percent in April as the COVID-19 lockdown spread across the US.
21 Apr 2020
Daimler and Volvo will combine efforts to develop hydrogen fuel-cell technology for heavy electric trucks to meet future emissions and shipper sustainability targets.
20 Apr 2020
Job losses, damage to small business shippers, and diminished expectations for a fast restart for truck freight push pandemic recovery into 2021.
17 Apr 2020
An updated forecast from Coyote Logistics pushes a significant uptick in US truckload spot rates off until 2021, just when the US economy and shippers are expected to be recovering from recession.
15 Apr 2020
Detention is a problem for truckers in the best of times. It’s worse amid the pandemic as shippers handle high volumes with fewer dock and warehouse workers available.
15 Apr 2020
J.B. Hunt Transport Services acknowledges a rough second quarter is ahead, while there’s much unknown about how severe the impact of the coronavirus disease (COVID-19) on business conditions will be.
14 Apr 2020
Although some hope for a strong restart for trucking within months, others believe a long, staggered recovery is more likely, thanks to layoffs and small business bankruptcies.
09 Apr 2020
Freight and rates in the spot market are starting to fall after shooting up in March, as the shutdown of a large swathe of the US economy sidelines shipping.
06 Apr 2020
Trucking companies need plans to keep their drivers healthy, financially whole, and on the road amid the coronavirus outbreak. They need plans for when they get sick, too.
Top 50 Trucking Companies 2019
06 Apr 2020
The 50 largest US trucking operators in the United States saw revenue growth throttle back considerably in 2019, but 2020 is shaping up to be even worse.
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.