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.

Webcasts

Midyear Trucking Report: The New Capacity Reality
Aug 10, 2022 2:00PM EDT

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

11 Mar 2022
While truckload rates off the West Coast have fallen in the last two months, analysts believe rising fuel prices will spur a rapid increase in shipper costs in the coming weeks.
09 Mar 2022
The truckload and less-than-truckload markets are closer than ever, as retail demand and inventory replenishment put pressure on capacity, Knight-Swift CEO David Jackson says.
08 Mar 2022
Combined revenues among the 25 largest US LTL trucking companies jumped more than 20 percent in 2021, and the market conditions that allowed for that record-setting revenue growth remain firmly in place in early 2022.
07 Mar 2022
Fifteen of the top 25 US truckload carriers grew their revenue by double-digit percentages in 2021, with their expansion fueled by acquisitions and new services.
02 Mar 2022
As container lines pull back on inland point intermodal (IPI), US importers are rethinking their landside delivery plans and containerized freight is moving further inland before being deconsolidated.
23 Feb 2022
A provider of technology to help brokers understand appropriate spot pricing has nabbed funding from an array of notable investors, including Tiger Global and Cambridge Capital.
22 Feb 2022
As it prepares to go public, Transfix is looking to derive more revenue from non-transactional shipper services, including its drop trailer program, and to draw smaller shippers to its platform.
18 Feb 2022
Trucks are no longer blocking the US-Canada border, but spot truckload rates in cross-border lanes remain high, and shippers have been warned of the threat of additional disruption.
17 Feb 2022
The acquisition of John Christner Trucking will give temperature-controlled carrier Hirschbach more drivers, trucks, trailers, and revenue, but also more routes into food shipper supply chains.
15 Feb 2022
Truckload rates have cooled on the West Coast but have risen in some spots on the East Coast in early 2022, though it’s not clear yet whether the moves are tied to transloading shifts.
14 Feb 2022
Schneider wants intermodal customers to know that service will remain strong on BNSF Railway this year ahead of its transition to rival Union Pacific Railroad in 2023.
10 Feb 2022
Visibility software company FourKites is tracking a drop in cargo volumes and on-time performance in northbound shipments as protesting Canadian truck drivers bring more disruption to the US-Canadian border.
10 Feb 2022
Paris-based visibility provider Shippeo is eyeing North America as it seeks to expand the competitive landscape of the fierce global predictive cargo visibility market.
09 Feb 2022
The $1.6 billion acquisition of Pilot Freight Services gives Maersk greater power to integrate ocean, air, and land-based services from the first to last mile.
09 Feb 2022
Freight brokerage technology vendor Parade has landed a venture capital round to build out its tools to help truckload intermediaries automate the sourcing and management of capacity.
09 Feb 2022
Leaf Logistics has turned growth of its forward truckload contract and procurement optimization products into a new funding round that it will use to double its headcount and expand its product suite.
02 Feb 2022
A trucker blockade at a small US-Canada border crossing will bring big cost increases for cross-border shippers, as US carriers begin to embargo or reroute freight hundreds of miles.
01 Feb 2022
The acquisition of cross-border specialist Forager Group will help multi-modal logistics provider Arrive offer shippers more visibility, connections, and capacity.
31 Jan 2022
Bassett Furniture is turning over the keys to its Zenith Freight Lines subsidiary to J.B. Hunt Transport Services, seeking a new strategy to speed freight and reduce order backlogs.
27 Jan 2022
With consumers still spending, Knight-Swift and Landstar see more growth, and higher rates, ahead.
26 Jan 2022
Proactive steps taken by US and Canadian motor carriers and shippers ahead of vaccine mandates for truck drivers are keeping cross-border freight flowing despite earlier fears of disruption and delays.
24 Jan 2022
BasicBlock has turned traction from small truckload carriers for its factoring and payment solutions into a large round of debt and equity funding to broaden the scope of its financial services.
19 Jan 2022
Schneider National will leave BNSF Railway in 2023 to partner with Union Pacific Railroad, the third major container-owning intermodal provider to leave BNSF since mid-2021.
13 Jan 2022
Shippers “will have to be innovative” to avoid delays caused by COVID-19 vaccine mandates for truck drivers crossing the US-Canadian border.
13 Jan 2022
Transporeon is adding a transportation management software provider focused on automation and a tool for carriers to optimize truckload capacity, the latest acquisitions in a run that started in fall 2020.
12 Jan 2022
Competition in 2022’s truckload market will be for space, not for the lowest rates, as shippers race to get their goods on trailers and carriers compete for drivers who are increasingly opting to stick closer to home.
10 Jan 2022
The creation of Ascend from the combination of two existing companies highlights fast growth in the regional market for “middle-mile” e-commerce freight.
10 Jan 2022
The acquisition of EHS Trucking allows RoadOne to connect East Coast and Midwest intermodal and truckload operations.
07 Jan 2022
Seasonality was behind the large increases in courier and delivery employment and a drop in trucking employment last month; beneath the surface, there’s tooth-and-nail competition for labor.
06 Jan 2022
The fast-spreading variant of COVID-19 likely won’t affect trucking as much as warehousing and aviation, but its indirect impact will put more pressure on already high trucking costs.
06 Jan 2022
While most shippers are concerned about whether there will be enough chassis and fluidity in railroad terminals in 2022, they are also bracing for a steep increase in contract rates.
05 Jan 2022
Increases in spot truckload rates to Chicago from eastern US ports are outpacing rate hikes off the West Coast, as the spot market enters 2022 at record price levels amid “extraordinary” demand.
14 Dec 2021
The diversion of freight from intermodal rail to truck adds miles to import shipments, significantly increasing costs, the Cass Freight Index finds.
07 Dec 2021
The for-hire trucking industry lost jobs in November, as it typically does, but fewer than anticipated as couriers and warehouses grabbed the most new employees amid strong pre-holiday demand.
07 Dec 2021
The use of drivers accustomed to hauling 53-foot containers to pick up 20-foot and 40-foot boxes shows how US retail giants are pulling every lever to get truck power into the ports.