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Truckload Freight

Shipping news, analysis and rankings of U.S. truckload companies such as Swift Transportation, Landstar System and J.B. Hunt Transport Services.

The 25 largest truckload carriers in the US increased their combined revenue 5.4 percent in 2017 to nearly $28 billion, as freight demand quickened in the second half of the year. Revenue increased at 20 of the Top 25 Truckload Carriers last year, compared with 10 in 2016, a sign truckload carriers pulled out of the economic mire that slowed them in 2015 and 2016.
Acquisitions helped power growth among the largest truckload carriers, boosting revenue significantly at heavy-haul specialist Daseke and dry van carrier CRST International. If 2018 continues as strong as it began, and they can to find and hire qualified truck drivers, the largest truckload carriers are likely to pull even with their faster-growing LTL counterparts.

Commentary

In his Nov. 16 tweet promoting the rollout of Tesla’s new electric semi-truck, Tesla CEO Elon Musk promised, “This will blow your mind clear out of your skull and into an alternate dimension.”

News & Analysis

17 Jul 2018
Once cyclical, problems such as the driver shortage are becoming systemic. That threatens to ‘bake’ higher costs into transportation rates.
16 Jul 2018
US shippers are desperate for surface capacity and turning to modes they previously shunned as a result.
Covenant Transportation Group.
05 Jul 2018
The Landair Holdings acquisition underscores strong shipper demand for dedicated services to meet delivery demands.
A truck travels on a US highway.
03 Jul 2018
It’s a stronger US truck market than even 2004/2005, drivers are aware that they are in short supply, and there is no end in sight — hence there is an obvious reason why both shippers and trucking companies should keep those market conditions in mind.
Trucks travel on a highway in Tennessee, United States.
02 Jul 2018
The trucking company’s reorganization continues, as it registered gains in truckload freight while less-than-truckload losses rose; two former executives have been charged with committing a $245 million securities fraud.
U.S. Xpress.
15 Jun 2018
“The market has a long way to run and it’s going to last longer than we’ve seen in the past,” said Eric Fuller, CEO and president, U.S. Xpress Enterprises.
US Xpress Enterprises.
07 May 2018
As freight demand and the need for capital rises, the fifth-largest US truckload operator plans a route back to Wall Street to fund growth.
A truck on a US highway.
03 May 2018
So how do you know whether a US dedicated contract carriage solution is right for you? Here are nine questions that will shape your review.
A truck travels on a US road.
01 May 2018
Trucking companies at the NASSTRAC Shippers Conference say they aren’t having an easy time finding capacity either, citing rising labor costs and a shrinking labor pool. And there are other sector issues they are dealing with that shippers never see.
Trucks on a US highway.
30 Apr 2018
Along with an increase in transport demand from the strengthening US and global economies, the truck transport capacity gap is being widened by a shortage of drivers. But can the sector raise wages enough to compete with the construction and oil/energy services sectors?
J.B. Hunt.
18 Apr 2018
By load volume, J.B. Hunt now hauls more dedicated freight than intermodal containers, as e-commerce is adding to dedicated trucking revenue.
An XPO logistics truck.
12 Apr 2018
Higher demand and pricing has shifted the Top 50 US trucking operators to the fast lane, and more growth is ahead.
Truck on a US road.
09 Apr 2018
Full enforcement of the electronic logging device mandate began April 1, but inspectors issued a slew of violations in early 2018, federal data show.
A US truck travels across the desert.
06 Apr 2018
DAT and Truckstop.com report that dry van rates have spiked as the new "spring peak" season picks up pace. Furthermore, truckers expect pricing and volumes to stay on an upward track through autumn.
MOL Group.
03 Apr 2018
By partnering with digital marketplace NEXT Trucking, MOL Consolidation Services looks to link Asian vendors with scarce US truck capacity.
A truck travels on a US road.
28 Mar 2018
Shippers should be aware that there are anecdotal reports that questionable forms of co-brokering or double brokering are on the rise in 2018, as the supply of US trucks tightens and some brokers look to make a quick buck. During these instances, shippers essentially fund a double commission and could be exposed to financial damages, delays or lawsuits when things go wrong.
A truck travels on a US road.
27 Mar 2018
As the electronic logging device mandate enforcement deadline looms, Trucker Path and Convoy have introduced new features to help truckers and shippers manage driver time in the digital era.
A truck travels in the United States.
26 Mar 2018
Activity-based pay made possible by electronic logging devices and other technology may lead to trucking firms offering drivers more incentives and shippers a more transparent view of costs.
A truck travels on a US secondary road.
22 Mar 2018
Shippers are moving so much freight that there are not enough US trucks to move it, causing them to pay rates and surcharges in February not seen in more than 3.5 years for truckload, container drayage, and intermodal rail.
A truck travels on a US road.
21 Mar 2018
A reporter’s notebook from this week’s Transportation & Logistics Council meeting shows shippers and their suppliers grappling with big trends and fine details, from e-commerce to freight claims.
A truck travels on a US road.
19 Mar 2018
After two years in an economic rut, US trucking accelerated in 2017, led by less-than-truckload carriers before truckload carriers merged into the same fast lane later in the year.
Knight Transportation.
16 Mar 2018
Abilene Motor Express, based in Richmond, Virginia, operates about 450 trucks with most of its business in the dry van and refrigerated space.
A travels in the United States.
14 Mar 2018
Agricultural shippers, especially livestock owners, and truckers will get some relief this produce season via an extension of a temporary waiver of the ELD mandate. Other groups are pressing for longer waivers, as the rollout of the ELD mandate throws supply chains out of whack.
Trucks travel in Brazil.
13 Mar 2018
Trucks are being hijacked at a rate of more than one per hour in the Brazilian city and its hinterland, according to reliable sources, and this has boosted insurance and security costs.
A truck travels in the United States.
13 Mar 2018
Shippers saw very little pricing relief last month that, although down from January, was 20 to 35 percent higher than February 2017. With produce season appearing to have begun earlier, rates on the spot and contract markets are likely to be up double digits on some lanes for the foreseeable future.
12 Mar 2018
In what is typically the slow season for US truckload shipping, carriers are levying surcharges and rejecting shipments.
12 Mar 2018
A surge in trucking traffic combined with a truck driver shortage is taxing European shippers.
Trucks travel on a road.
08 Mar 2018
For years, North American shippers were warned a truck capacity crunch was coming, but that crunch never materialized. This year, with the accelerating US economy, that crunch finally arrived. That is pushing up inland supply chain costs and transport rates across the board, and shippers should not expect relief soon.
A Knight Transportation truck.
02 Mar 2018
Drivers who complete 8,750 miles in a month will get a penny more. An additional cent is tacked onto the bonus for each 750 miles beyond that point.
A truck during a delivery in Texas.
28 Feb 2018
Hub Group is levying surcharges on some shippers in Chicago, LA, Seattle, Dallas, and Atlanta on excess freight. Shippers said the fees range from $150 to $600. J.B. Hunt is also limiting the amount of excess freight accepted from shippers in certain markets but has not instituted surcharges.
Union Pacific Railroad.
23 Feb 2018
An end-to-end protective service for perishable, refrigerated goods and seafood in natural-water-environment containers is the cold chain railroad model, and its deployers argue they can grab reefer market share from other transport modes.
A truck travels on a US highway.
21 Feb 2018
Despite a big surge in net truck orders, shippers should not expect near-term relief from the US truck capacity crunch. Registration numbers have also increased, but have not erased shortages.
A truck on a highway in Utah.
13 Feb 2018
US trucking capacity is tightening faster than anticipated in the electronic logging era, and some shippers say that is making it tougher and costlier to move freight as they navigate between higher costs and increasingly constrictive customer demands.
US shippers have to balance limiting transportation costs with maintaining customer service.
06 Feb 2018
US surface transportation rates are rising, sometimes by double digits, and shippers find themselves caught between paying for higher transportation costs or imperiling customer service.
Werner reports strong demand for freight servics — and means rates are headed higher.
30 Jan 2018
US shippers and other e-commerce parties take note: freight demand, still strong in January, will raise contract rates in the coming quarters, truckload carrier Werner Enterprises has warned.