Trucking Freight Brokers

Trucking Freight Brokers

Timely news, data and market analysis of transportation brokers, freight brokerage and truck freight companies. Trucks move nearly three-quarters of all domestic freight tonnage and generate nearly four-fifths of the nation’s freight bill, according to recent 2018 survey by the American Trucking Associations (ATA), the trucking sector handles nearly 70 percent of all trade between the US and Mexico, and nearly sixty percent of all US-Canada trade. Although the trucking sector is highly fragmented, the largest trucking companies in North America have increased their collective market share, year to year and decade to decade. From 2009 to 2018, the 50 largest trucking companies boosted their share of the for-hire trucking market from 27 percent to 38 percent.

Commentary

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News & Analysis

21 Jun 2019
Truckload carriers surveyed by Cowen & Co. are banking on a stronger second half and expect contract rates to rise 2.7 percent on average over the next six months.
10 Jun 2019
Transportation consulting firm Trans-Logistics Group is expanding its advisory services for US freight shippers, opening an office in Chattanooga, Tennessee.
21 May 2019
Retail giants Walmart and Amazon have entered into conversations directly with Class I railroads to enter in service agreements, bucking the historical structure in which shippers are required to use intermediaries to procure space.
08 May 2019
Historically, intermodal rail has offered a slower, lower-cost option for shippers, but with truckload prices falling, intermodal rail is now more expensive than trucking in some secondary markets.
03 May 2019
US shippers have pricing power over truckers now, but their advantage may slip away by the end of 2019, Coyote Logistics warns.
02 May 2019
XPO Logistics CEO Brad Jacobs says the company has “gotten its mojo back” after losing a $600 million account, and although there is plenty of data to suggest XPO will be fine in the long term, there are still some concerns that the road ahead will be bumpy.
How wary should truck brokers be of Amazon?
29 Apr 2019
Speculation has run rampant over the past three years that the e-commerce giant would eventually compete with the parcel carriers that move its freight, but it turns out Amazon actually has its sights set on the brokerage market.
29 Apr 2019
Uber Freight has established a direct integration into SAP’s widely used TMS, enabling the digital broker to expand the demand side of its marketplace and SAP users to tap into Uber’s driver network.
Amazon ranks #1 in top 50 global 3PLs
20 Apr 2019
Although the e-commerce giant doesn't describe itself as a third-party logistics provider (3PL), Amazon has surpassed major global players such as DHL and Kuehne + Nagel in 3PL revenue.
05 Apr 2019
A drop in the number of truckers at the smallest US trucking companies could indicate a market shift toward large carriers as spot truckload rates seek bottom.
03 Apr 2019
With a majority stake in Truckstop.com, ICONIQ Capital will fuel the development of the load-matching firm's technology services to help simplify capacity procurement.
01 Apr 2019
The largest 50 US trucking firms saw their share of for-hire revenue jump by double digits last year compared with pre-recession levels, as shippers give bigger carriers more business.
27 Mar 2019
After a year of beta testing, Leaf Logistics is on the verge of opening a forward trucking contract market, and the Nodal Exchange on Friday will launch a freight futures market supplied with truckload data from FreightWaves and DAT Solutions.
12 Mar 2019
Completion of a $450 million rights offering will keep Roadrunner’s LTL and truckload capacity on the road as the operator attempts to rebuild its business.
15 Feb 2019
Despite a forecast loss of $600 million in e-commerce revenue, XPO Logistics expects to increase revenue 3-5 percent in 2019, as it enters a more mature phase of growth.
DSV Logistics.
29 Jan 2019
European forwarders are trying to blunt ocean carriers from encroaching on their business.
A truck travels in California, United States.
23 Jan 2019
The hefty capital injection for NEXT, announced Wednesday, places it among the biggest individual raisers of capital in the most recent wave of logistics technology startups.
Trucks travel on a US highway.
16 Jan 2019
Schneider's adoption of the new systems places in stark relief the need for brokers to differentiate.
A truck travels in the United States.
09 Jan 2019
With the US Securities and Exchange Commission closed, Roadrunner is looking for a run-around to push its rights offering and recovery plan forward.
Trucks travel on a road in California, United States.
19 Dec 2018
The Phoenix-based company broke into the top 10 of North American brokers in 2018.
A truck travels on a US highway.
10 Dec 2018
Automating often ignored ‘behind-the-scenes’ systems can bring big benefits, including savings and improved customer service, says Echo Global Logistics CEO Doug Waggoner.
XPO Logistics.
01 Nov 2018
A dynamic, demand-based pricing system similar to those used by airlines and hotels is one part of a broader plan that would affect how freight is shipped in the US LTL market.
A truck stop in Nevada, United States.
08 Oct 2018
Transplace, with headquarters in Frisco, Texas, near Dallas, has been growing rapidly in recent years and expects to move $8 billion through its network this year.
XPO Logistics.
03 Oct 2018
XPO Logistics just answered Amazon’s delivery/fulfillment serve with a volley — the deployment of thousands of robotic “cobots.”
A truck travels in the United States.
14 Sep 2018
The smaller brokerage focusing on shipper supply chain management is GlobalTranz’s first major deal since it was sold to a new private-equity owner in June.
Uber Freight.
21 Aug 2018
Uber Freight’s app has become a market participant at a time when US truck capacity is very tight and shippers are looking for ways to counter (or at least blunt) the remarkable amount of negotiating power transport companies have.
Trucks travel on a highway in Tennessee, United States.
13 Aug 2018
Shippers take note: concerning US less-than-truckload trucking companies’ pricing power in contract talks, it’s not the end. It’s not even the beginning of the end.
XPO Logistics.
08 Aug 2018
Fresh from Amazon’s transportation shop, Kenny Wagers sees technology and integration within XPO as the keys to accelerating less-than-truckload growth.
Uber Freight.
07 Aug 2018
That upgrade for Uber Freight could lead to expanded, pro-active opportunities for shippers.
XPO Logistics.
02 Aug 2018
“We do expect a big peak this year because the economy is so good,” Bradley S. Jacobs, chairman and CEO, said in an interview. “...We’ve started staffing up already. That’s one of the reasons we began adding all the technology we’ve been developing.”