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

08 Aug 2022
Convoy’s counterpunching approach to being sued by load board provider DAT Freight & Analytics is as much about winning the battle of public opinion as it is about winning in court, a transportation attorney told JOC.com.
04 Aug 2022
Intermodal discounts declined in the second quarter both sequentially and year over year as shippers were able to negotiate lower spot and contract truckload rates with motor carriers.
02 Aug 2022
The US trucking market is reinventing itself after a significant spot market correction, with larger contract carriers expecting steady freight demand through 2022 despite economic fears.
01 Aug 2022
Load board provider DAT and freight broker Convoy have sued one another over Convoy’s development of a product that DAT says is competitive with its own, violating a contract Convoy signed with DAT.
27 Jul 2022
Truckload capacity is reportedly loosening, but carrier executives say it could tighten again quickly for US shippers in a market that remains in flux.
26 Jul 2022
Seasonal trends in over-the-road trucking are re-emerging — but not pre-COVID pricing — as the market realigns, truckload carrier executives say.
20 Jul 2022
Shelley Simpson, who has been behind the development of J.B. Hunt’s shipper portal and overseen double-digit growth in its trucking and intermodal units, will become the company’s president next month.
20 Jul 2022
A shift of freight to contract trucking providers and rising fuel prices boosted shipper spending on trucking across the US in the second quarter, even though volumes fluctuated by region.
20 Jul 2022
J.B. Hunt is in talks with primary rail partners BNSF Railway and Norfolk Southern Railway on how they can improve service in the second half of the year.
19 Jul 2022
Marten Transport increased its driver pool by more than 15 percent year over year in the second quarter, as the truckload carrier and its competitors seek to balance capacity, freight demand, and profitability.
15 Jul 2022
A 2.4 percent drop in the long-haul truckload producer price index for June shows contract truckload rates are softening, but prices shippers pay for LTL and specialized trucking continue to rise.
14 Jul 2022
The Cass Freight Index shows volatility in shipment volumes, rates, and modal mix with the US economy in a “soft patch” in June.
12 Jul 2022
The US economy likely contracted in the second quarter, but analysts see signs of growing freight activity ahead.
08 Jul 2022
For-hire US trucking companies have added more than 62,000 real jobs since April, a record number for the period fueled by continuing strong contract freight demand.
07 Jul 2022
Truckload dry-van spot rates in California are likely to fall below 2020 and 2021 levels in the coming months, but prices on a historical basis will probably be slightly better than the pro-carrier market of 2018.
07 Jul 2022
Small truckload fleets want access to online insurance quotes and coverage, which led low-cost transportation management software provider AscendTMS to partner with trucking insurance specialist CarrierHQ.
06 Jul 2022
Less-than-truckload (LTL) transportation is more than it used to be, and that’s leading to acquisition and expansion in a US trucking sector that is slowly becoming more international in its focus.
06 Jul 2022
CloudTrucks is arming small carriers that struggle to get access to traditional credit lines with a product that facilitates routine operational expenses like fuel and lumper payments.
30 Jun 2022
Union Pacific Railroad will temporarily re-align its domestic intermodal network in Northern California to accommodate a construction project meant to expand container capacity in the region ahead of Schneider National bringing more volume in 2023.
24 Jun 2022
European logistics company DB Schenker will offer US shippers a more integrated package of domestic and international services by adding truckload carrier USA Truck to its Land Transport division.
23 Jun 2022
Freight procurement specialist Transporeon has added a freight matching component to its product suite to help brokers tender spot freight to carriers already in their network.
22 Jun 2022
Despite softening spot rates in some modes, overall supply chain costs are rising, with higher interest rates putting more pressure on inventories, according to the CSCMP State of Logistics report.
17 Jun 2022
C.H. Robinson Worldwide says the changing trucking market is driving up demand for automated spot pricing quotes by double-digit percentages.
16 Jun 2022
P.A.M. Transportation’s purchase of Northeastern carrier Metropolitan Trucking is the latest in a string of regional acquisitions by large national companies aimed at expanding services for shippers.
15 Jun 2022
US producer price indexes show overall transportation costs and total trucking costs moved higher still in May, and S&P Global expects the trend to continue.
09 Jun 2022
US spot truckload rates are showing signs of stabilizing after recent declines, but analysts are uncertain how the market will play out as retailers determine their appropriate mix and level of inventories.
08 Jun 2022
Acquisitions are a tool with which profitable large carriers such as Schneider National and Heartland Express are expanding their footprints and their portfolio of services, despite market headwinds.
07 Jun 2022
The cooling of trucking’s transactional spot market signals a “realignment,” not a contraction, as shippers cement contractual agreements and freight demand rises, albeit more slowly.
03 Jun 2022
The addition of 22,500 trucking employees in May after a 14,900-gain in real jobs in April reveals a trucking sector confident in continuing freight demand as markets realign in 2022.
02 Jun 2022
Union Pacific Railroad and Schneider National have engaged intermodal shippers in recent weeks to discuss their new partnership and attempt to dispel any concerns about service disruptions during the transition from BNSF.
01 Jun 2022
The acquisition of Smith Transport by Heartland Express points to continued strong freight demand as the shipping market seeks a new balance between contract and spot freight.
30 May 2022
Expanded use of trailer pools will help ‘consolidate truckload services’ and speed goods more efficiently, but first trucking companies, brokers, and shippers need more trailers.
24 May 2022
An unexpectedly large drop in spot market capacity last week during the annual “Roadcheck” program pushed dry-van and refrigerated spot rates up for the first time since January, according to DAT.
23 May 2022
US Labor Department data that includes contract rates shows no drop in overall truck pricing in April, despite a truckload spot market rate plunge.
18 May 2022
Increases in industrial production and retail sales in April suggest continuing strength in overall freight demand, despite tumbling truckload spot rates.