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.
Monday April 6, 2020
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Landstar System
Landstar System
Landstar System is an American transportation company that provides supply chain solutions and integrated global and domestic transportation services.
Landstar System and its subsidiariesemploy approximately 1,400 individuals and provide domestic services to the U.S. as well as Canada and Mexico with a fleet of 13,000 trailers. The truckload carrier also offers global transportation services to more than 200 countries via air and ocean carriers.
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10 Mar 2020
Large US truckload carriers that engaged in mergers and acquisitions and expanded specialized services like dedicated trucking fared much better in 2019 than those that relied more on traditional dry-van business, according to JOC's 2020 Top 25 US Truckload Carrier Rankings, prepared by SJ Consulting Group.
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.
18 Nov 2019
The number of violations issued to drivers for exceeding hours of service limits has dropped significantly since the ELD mandate took effect, but false log violations rose last year.
30 Oct 2019
Large truckload carriers continue to shed trucks, according to the JOC Truckload Capacity Index. Logistics providers, however, report ample available truck capacity.
30 Oct 2019
Freight brokers believe spot market rates will remain lower than historical norms through the first half of 2020 despite a recent seasonal bump in rates.
29 Oct 2019
US motor carriers blamed “an oversupply of truckload capacity” for greater-than-expected pressure on earnings in the third quarter.
08 Aug 2019
Fleet bankruptcies show some capacity is coming out of the market, but it’s unclear whether that will make any significant dent in the oversupply of trucks available in the spot trade.
29 Jul 2019
Large US truckload carriers are cutting excess capacity, albeit only slightly, pulling the JOC Truckload Capacity Index down for the first time since 2016.
25 Jul 2019
Landstar System and Echo Global Logistics reported lower second-quarter earnings, while 3PLS are uncertain whether the malaise will linger through the end of this year.
06 Jun 2019
Schneider and Landstar this week offered a tepid assessment of the truckload market in 2019 as spot rates continue to be down double digits from last year, while contract rates have turned negative, too. But there are positive signs in the data.
31 May 2019
Robert Brasher will become chief commercial officer at Landstar System at a time in which revenue is declining as spot market truck rates fall from last year’s record highs.
22 Apr 2019
The 50 largest US trucking operators grabbed a larger share of the market, while smaller carriers raised the bar in terms of revenue growth last year thanks to the strongest freight market since the 2009 recession.
26 Feb 2019
Double-digit revenue increases may be more difficult to come by this year than in 2018, but profits and acquisitions are expected to fuel the fastest-growing truckload and LTL companies.
25 Oct 2018
Sequential volume gains may have slowed, but year-over-year shipment increases are still substantial for two of the largest US trucking companies.
03 Jul 2018
It’s a stronger US truck market than even 2004/2005, drivers are aware that they are in short supply, and there is no end in sight — hence there is an obvious reason why both shippers and trucking companies should keep those market conditions in mind.
01 Nov 2017
As intermodal rail container and trailer volumes hit historic highs, pressure, that may lift pricing in 2018 and beyond, is building.
27 Oct 2017
Third-quarter earnings reports reveal across-the-board increases in transportation rates, with little sign pressure will ease soon.
21 Aug 2017
US and Mexican Customs officials at a KCS-built facility will work to speed growing cross-border rail traffic at Laredo.
03 Mar 2017
USAT Logistics, the non-asset arm of USA Truck, opens a Mexican subsidiary.
13 Feb 2017
The economic impact of a challenge to Mexican trucking in the United States is small, but the debate could fuel a growing trade dispute.
02 Feb 2017
A mandate many truckload carriers and drivers dread could bring more freight to less-than-truckload competitors, Old Dominion's David Congdon says.
20 Jan 2017
Landstar's new logistics center in Laredo will handle more than truckload freight as the company expands its cross-border business.
20 Oct 2016
Even when volumes rise, lower revenue shows impact of reduced rates and fuel surcharges at publicly owned carriers.
21 Jul 2016
A drop in spot rates and sluggish economy bit into revenue and profit at the fourth-largest U.S. truckload carrier.
21 Apr 2016
Despite handling higher freight volumes across the board in the first quarter, revenue dropped at Landstar System, underscoring the effect of lower truck pricing on trucking’s top carriers.
29 Jan 2016
Landstar System expanded its capacity in the fourth quarter to its highest level yet, 9,500 owner-operated tractor-trailers. A softer freight market meant lower revenue per truckload, however.
23 Oct 2015
The third-largest U.S. truckload carrier increased total revenue and profit despite falling fuel surcharge revenue and tough comparisons with a booming year-ago quarter. Without a catalyst to speed the slow economy, the road ahead looks challenging.
08 Sep 2015
Landstar continued to make historic gains in freight volume this summer, adding trucks to capture more freight and more market share from competitors. Revenue per load, however, dropped, thanks to lower fuel prices and poorer utilization of trucks.
24 Jul 2015
A surge in freight demand from new and existing customers pushed Landstar System's second-quarter revenue and freight volumes up, in some cases by double digits. The company's owner-operator fleet is now larger than it was at the end of 2006, before the recession.
06 Jun 2015
Landstar System revenue rose 8 percent in the first eight weeks of the second quarter, as the company revved capacity up to 2008 levels to handle strong freight demand and capitalize on higher rates.
24 Apr 2015
Large, diversified truckload carriers found detours around the "soft patch" in the U.S. economy during the first quarter, with most increasing revenue and profit. A lack of drivers may have held back some companies.
13 Mar 2015
Rising truckload freight demand lead Landstar System and Covenant Transportation to expand their available capa
04 Dec 2014
Landstar System on Wednesday narrowed its fourth quarter revenue forecast to the higher end of a range after seeing strong trucking demand in October and November, the latest sign of a steadily expanding U.S. economy pushing more freight into the arms of motor carriers.
13 Nov 2014
The third quarter was good to practically all the publicly owned U.S. trucking companies: none reported losses, and their combined revenue rose 10.7 percent to more than $10 billion, supported by a second quarter of stronger freight demand and economic growth.
21 Oct 2014
A summer of strong freight demand drove revenue up 8 percent at Werner Enterprises, which won "sustainable" rate increases from shippers and raised driver pay.
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