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

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.
06 Dec 2021
The largest US truckload operator acquired its second LTL carrier this year, bringing it closer to a national network and more than $900 million in LTL revenue.
06 Dec 2021
Several factors are diminishing shipper expectations for new truck capacity in 2022, as Class 8 truck production and delivery dates are pushed out more than a year and backlogs build.
02 Dec 2021
The ninth-largest LTL carrier is in a race to build out its network capacity as more freight and heavier shipments hit its docks.
01 Dec 2021
Ashley Furniture has purchased Wilson Logistics, a large truckload and logistics provider in the western US, the second transaction in recent weeks of a cargo owner taking direct control of transportation.
30 Nov 2021
CloudTrucks, which provides independent drivers with software to manage their businesses, has landed a massive funding round from prominent venture capital investors.
10 Nov 2021
Desire for “one-stop shopping” leads to the consolidation of Transport America and MCT with long-haul truckload carrier CFI to create a broader — not just bigger — trucking company.
05 Nov 2021
Bigger than expected gains in warehousing and trucking in October are welcome amid ongoing reports of labor shortages.
05 Nov 2021
The Biden administration’s COVID-19 vaccination and testing mandate for large employers will affect truck capacity and pricing, but questions about the extent of its impact remain.
04 Nov 2021
A survey of independent truckers and small trucking firms by Truckstop.com and Bloomberg Intelligence found them optimistic about the potential for higher contract and spot rates next year.
03 Nov 2021
A truck driver survey underscores the threat of potential service disruptions from an upcoming US vaccine mandate for large employers, with 36 percent of drivers showing no interest in vaccination.
02 Nov 2021
Trucking companies are seeking an exemption to the COVID-19 vaccine mandate being implemented by the US government for large employers, which they say would further disrupt already tight US trucking capacity.
28 Oct 2021
Truckload pricing will continue to rise into 2022, with the “deflationary leg” of the market starting in the second quarter next year, Coyote Logistics said in its latest Coyote Curve forecast.
21 Oct 2021
Demand and disruption are fueling growth at both Knight-Swift Transportation and Landstar System, neither of which see a reduction in demand or pricing in a changing truckload landscape.
20 Oct 2021
Supply chain disruption is slowing economic growth, but “postponed” demand is expected to reemerge in 2022, keeping US freight capacity tight and transportation pricing high.
20 Oct 2021
Flock Freight is the latest logistics technology company to reach so-called unicorn status after landing a $215 million funding round led by SoftBank to expand its pooled truckload model.
15 Oct 2021
A partnership between Transporeon and Roambee to marry telematics data with sensor-visibility data is a sign of the growing need for shippers to manage condition-sensitive shipments amid a congested global environment.
15 Oct 2021
A flood of imports into the Pacific Northwest is boosting spot truckload rates out of Seattle as shippers facing delays and intermodal container shortages seek new routes for freight moving inland.
13 Oct 2021
A reallocation of assets and workers across the transportation landscape, combined with inventory rebuilding, complicates the outlook for US shippers in 2022, speakers told the JOC Inland Distribution webcast.
08 Oct 2021
The for-hire trucking industry lost 1,600 jobs last month, but the Labor Department expected a bigger drop, as transit, warehousing and courier employment surged.
06 Oct 2021
The backlog of freight in Southern California is forcing more shippers to the truckload spot market as they search for any available capacity to speed goods inland.
30 Sep 2021
Digital brokerage Loadsmart and Home Depot are launching an automated, supply-led flatbed booking platform that will help the retailer “share” its dedicated truck capacity with other shippers.