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

21 Sep 2021
Demand fueled tonnage growth at for-hire contract carriers in August, according to the American Trucking Associations, but supply chain disruption and shortages still constrain overall capacity.
21 Sep 2021
As shippers increasingly turn to – or are forced to – the spot market for truck capacity, automation will identify opportunities to lower costs, according to C.H. Robinson Worldwide.
14 Sep 2021
With shippers facing crippling congestion in Southern California, the Port of New York and New Jersey is seeing more volume and the demand has spilled over to long-haul trucking.
13 Sep 2021
Iowa-based CRST is installing a telematics-based fleet management system the truckload carrier claims will benefit both drivers and shippers seeking supply chain intelligence.
10 Sep 2021
Chemicals transportation and logistics specialist A&R Logistics is rebranding and reorganizing as Quantix, adding trucking assets to meet growing demand from shippers.
03 Sep 2021
A stronger than expected round of hiring in August brought transportation and warehousing payrolls back to pre-pandemic levels, but new employees aren’t distributed evenly.
31 Aug 2021
Shippers will see spot market truck rates rise in lanes across the US as Hurricane Ida’s powerful punch adds to growing supply chain disruption.
29 Aug 2021
Instead of waiting for autonomous trucks, shippers starving for capacity should automate processes starting with freight pickup and delivery to save drivers time, says MIT FreightLab’s co-director.
27 Aug 2021
Johnsonville Transport & Logistics, an arm of Wisconsin-based sausage giant Johnsonville, is looking to collaborate with its retail customers and other food shippers and carriers to solve truck capacity, delivery challenges.
24 Aug 2021
A rising tide of late shipments in the trans-Pacific trade is tying knots in US surface transportation networks and increasing the need for safety stock.
13 Aug 2021
With ocean carriers pushing importers toward transloading in California amid record-high spot intermodal rates, trucks are becoming a hot commodity in Los Angeles in August.
12 Aug 2021
Forget the fall, the peak US truck shipping season is under way now, trucking analysts say, with spot truckload rates elevated and contract rates still climbing.
11 Aug 2021
Trucking rates may be nearing their high point, but there’s little sign they will drop anytime soon in a market still dealing with chaos caused by COVID-19 disruption, high demand, and constrained capacity.
05 Aug 2021
Leaf Logistics has carved out a niche by enabling shippers to tie up forward truckload contracts, but is now aiming to help them move more volume away from static contract rates.
03 Aug 2021
US retail sales, excluding autos, are rising faster than inventories, even where inventories are increasing, and that’s putting more pressure on over-stressed supply chains and trucking capacity.
30 Jul 2021
Tight intermodal rail capacity and a massive wave of US imports are encouraging transloading to trucks and boosting truckload spot rates from Southern California to inland distribution points.
22 Jul 2021
The acquisition of third-party logistics provider Transplace will transform Uber Freight, providing greater access to shippers, as it builds a “fully-scaled” logistics platform.
20 Jul 2021
J.B. Hunt says shippers and railroads must improve how quickly they process containers to prevent a peak season supply chain meltdown.
19 Jul 2021
Truckload rates should begin to flatten as freight volumes and networks “max out,” but shippers shouldn’t expect pricing to slip very far, Michigan State University’s Jason Miller tells JOC.com.
14 Jul 2021
An ‘unprecedented’ number of new motor carriers is hitting US roads, but they represent a shift in capacity, not an expansion, according to experts.
12 Jul 2021
Shortages of trailers, containers, chassis, and drivers helped draw down volumes 3 percent in June from May, but the rates measured by the Cass Freight Index shot up 11 percent month to month.
09 Jul 2021
More buyouts, big and small, are likely in trucking as carriers battle for assets and especially truck drivers. But they’re also responding to opportunities created by shifts in freight demand.
07 Jul 2021
US shippers need to rethink how they move goods across the US-Mexico border, experts say, as supply chain disruption tightens truck capacity and amplifies an imbalance in north-south trade.
06 Jul 2021
The $1.35 billion acquisition of multi-regional LTL carrier AAA Cooper broadens the largest US truckload operator’s service portfolio as more e-commerce freight flows toward the LTL marketplace.
02 Jul 2021
The acquisition of 80 percent of ECM Transport gives long-haul carrier Werner a regional, short-haul presence as e-commerce demand grows and truck drivers remain scarce.
23 Jun 2021
A lack of truck drivers and equipment, not a cooler economy, is behind a recent drop in for-hire trucking tonnage and spot market volume, as demand overshoots supply chain capacity.
16 Jun 2021
Vancouver-based Freightera, an online trucking marketplace, has found that more environmentally friendly motor carriers are often lower in cost as well.
11 Jun 2021
The Cass Freight Index shows shipment volumes, costs, and rates remain at or near multi-year highs after staging a strong rebound from the COVID-19 lull in freight shipments.
11 Jun 2021
Knight-Swift Transportation, one of the top five US domestic intermodal providers, will be leaving BNSF Railway on Jan. 1, 2022, to partner with Union Pacific Railroad in the western US.
08 Jun 2021
As the US economy reopens, more states are speeding up the permitting process for oversize/overweight flatbed loads, as cargo diversion complicates routing.
08 Jun 2021
Visibility provider Overhaul has received $35 million in funding, led by infrastructure giant Macquarie, to expand its risk reduction-based approach to supply chain visibility globally.
07 Jun 2021
Top trucking and intermodal providers are raising penalties on shippers who do not promptly unload and return 53-foot trailers or containers.
07 Jun 2021
Housing, energy, and manufacturing are generating intense demand for flatbed transportation at a time when a shortage of materials is disrupting supply chains.
04 Jun 2021
The US for-hire trucking industry has added 25,100 jobs over the past three months, but the US economy appears to be expanding faster than trucking recruiters can hire workers.
02 Jun 2021
The Coyote Curve truckload market forecast calls for a new spot pricing peak in the third quarter, but the pricing cycle may not turn downward until 2022.