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 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.
29 Sep 2021
The $235 million acquisition of MoLo Solutions will double ArcBest’s available capacity and reflects an industrywide drive to access capacity across modes and networks.
29 Sep 2021
Speakers at the Coyote Logistics Digital Summit said some truckload capacity is creeping back into a very tight market, but not to expect major changes in rates, especially for shippers on the “import side.”
28 Sep 2021
Although national spot rate averages are flat, significant increases in dry-van truckload volumes from US ports are tightening pricing pressure in long-haul lanes as importers rush goods further inland.
27 Sep 2021
Trucking equipment manufacturers are raking in new orders for trailers and tractors, but it may be well into 2022 before they roll off production lines ready to move freight.
24 Sep 2021
Jam-packed West Coast warehouses are pushing more freight inland earlier, raising spot prices and expedited trucking costs in lanes out of the Los Angeles region faster than expected.
23 Sep 2021
A rapid evolution in how US shippers contract with truckload carriers is driving growth at Emerge and drawing $130 million in fresh private equity funding to its digital procurement platform.
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.