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

22 Sep 2022
Domestic intermodal providers have not put peak season surcharges in place in Southern California this year, a far cry from the $5,000 per container surcharges in Los Angeles each of the last two years.
22 Sep 2022
A US court ruling that declared Rhode Island’s truck-only tolls unconstitutional will save tens of millions of dollars in operating and shipping costs yearly for truckers and their customers.
21 Sep 2022
US for-hire truck tonnage jumped 2.8 percent in August from July, according to the American Trucking Associations, as consumers and the US economy remained resilient despite inflation.
12 Sep 2022
The average manufacturing shipping volume rose 1 percent in August year over year, while other industries saw their truck shipments drop 4.6 percent, according to FourKites.
09 Sep 2022
The decline in outbound per-mile spot rates from US ports dropped more than the US average in August as normal seasonality and abnormal gridlock crimped demand, a JOC analysis shows.
08 Sep 2022
Stung by lower tractor utilization rates and rising costs, truckload carrier US Xpress pares back its technology team and real estate, and focuses on adding truckload contract business.
23 Aug 2022
The American Trucking Associations reports truck tonnage levels were still high in July, running counter to reports that trucking demand is weakening ahead of the fourth quarter.
22 Aug 2022
The largest truckload acquisition to date this year would put Heartland at about 11th on the Top 25 Truckload Carrier rankings prepared for JOC.com.
18 Aug 2022
Large truckload carriers are adding capacity, whether by purchasing trucks or acquiring trucking companies, and that's pushing the JOC Truckload Capacity Index to its highest level ever.
17 Aug 2022
US truckload carriers are increasingly lowering contract rates to keep business as the spot market seeks a new floor, shippers tell JOC.com.
16 Aug 2022
It is “highly probable” US shippers will recover at least some of last year’s truckload rate hikes, as the Cass Freight Index shows a sequential drop in truckload linehaul costs.
12 Aug 2022
Declines in the producer price indexes for various sectors of trucking reflect falling fuel surcharge revenue and lower rates in new contracts, but don’t point to a large-scale pricing rollback.
10 Aug 2022
Strong trucking demand beyond the truckload spot market is to keep pressure on truck pricing, and will do so into 2023, speakers at a JOC webcast said Wednesday.
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.