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Top 25 Truckload Companies
Autonomous truck technology seen evolving rapidly
William B. Cassidy, Senior Editor |
The rapid development of safety-related technology for trucks will speed autonomous trucking, Ryder's chief technology officer says.
Trucking News
Rising US spot truck rates to bolster contract pricing
William B. Cassidy, Senior Editor |
Narrowing gap between spot and contract truckload rates heightens expectations for broader price hikes.
Truckload
Large US truckload carriers keep cutting capacity
William B. Cassidy, Senior Editor |
As larger carriers try to limit capacity to improve their pricing power, smaller companies may be rushing to fill the gap.
Truckload
US electronic logging rule could shunt freight to LTL carriers
William B. Cassidy, Senior Editor |
A mandate many truckload carriers and drivers dread could bring more freight to less-than-truckload competitors, Old Dominion's David Congdon says.
LTL
US shippers rethink truck contract pricing
William B. Cassidy, Senior Editor |
Rattled by the prospect of higher truck rates, shippers are looking at new negotiating strategies to protect savings.
Truckload
US shippers paying more for truckload freight
William B. Cassidy, Senior Editor |
Two of the largest US truckload carriers report rising contract rates. As pressure on pricing slowly builds, shippers want to talk.
Truckload
US truckers expect Trump-fueled rate bump
William B. Cassidy, Senior Editor |
Speakers at the SMC3 Jump Start 2017 conference expect truckload and LTL rates to move up, modestly, in 2017.
Truckload
LTL
Landstar's Laredo expansion extends Mexico reach
William B. Cassidy, Senior Editor |
Landstar's new logistics center in Laredo will handle more than truckload freight as the company expands its cross-border business.
Truckload
Dedicated trucking demand drives J.B. Hunt
William B. Cassidy, Senior Editor |
Shippers show they are willing to pay more for dedicated capacity, and J.B. Hunt is happy to oblige.
Truck brokers
US shippers racing to lock down truck rates
William B. Cassidy, Senior Editor |
The prospect of a stronger US economy later in the year has many truck shippers advancing contract talks and freight bids to the first quarter, while carriers "hedge their bets."
Truckload
US ruling a warning to motor carrier's owner-operator model
William B. Cassidy, Senior Editor |
Trucking companies that lease equipment to drivers and treat them as owner-operators need to review their practices in light of a decision that classified drivers who leased equipment from Swift Transportation as employees.
Truckload
Planning expansion, US truckers look to Wall Street
William B. Cassidy, Senior Editor |
Schneider National and heavy-haul flatbed specialist Daseke Inc. plan to go public in 2017, seeking new routes to financing.
Truckload
Congress rolls back HOS restart, while DOT adds truck regs
William B. Cassidy, Senior Editor |
As the Obama administration winds down, federal regulators are rolling out some long-awaited trucking safety rules, while Congress legislates driver hours of service. Some groups would like president-elect Trump to block pending rules.
Transport, Trade and Regulation News
Trucking News
LTL
US truck driver pay rising, in steps, as market improves
William B. Cassidy, Senior Editor |
Truck driver pay is beginning to rise as truckload freight demand picks up.
Trucking labor
Stronger US economy, spending spur trucking hiring
William B. Cassidy, Senior Editor |
A stronger-than-expected third quarter for the US economy bolstered trucking employment, but trucking hiring is still knocking against a ceiling.
Trucking labor
LTL
US spot truckload rates, volumes on upward trend
William B. Cassidy, Senior Editor |
Higher spot-market truck rates and volumes are pushing up the DAT Freight Index at a point in the year when it traditionally would fall.
Truckload
US shippers still watching, waiting for truck capacity 'crunch'
William B. Cassidy, Senior Editor |
The much-rumored truckload capacity crunch hasn't been canceled but simply postponed for a year or less by low economic growth, speakers at the 2016 JOC Inland Distribution Conference said.
Truckload
US shipper outlook diverges on volume, rates
William B. Cassidy, Senior Editor |
US shippers surveyed by the JOC, NASSTRAC, and Truckstop.com expect slightly higher freight volumes over the next six months, but mostly flat rates — except truckload rates.
Truckload
LTL
Truck brokers
Truckload firms look to asset-light units to get through downturn
Dustin Braden, Shipper Relationship Manager |
Truckload companies USA Truck and Celadon Group are not waiting for a recovery in the truckload market to materialize and pull them out of the red, instead working to get into the black with a stronger focus on their asset-light brokerage businesses.
Truckload
US trucking firms add jobs ahead of holiday season
William B. Cassidy, Senior Editor |
Trucking is doing better at hiring workers than previous employment data suggested, but still is bumping against a "hiring ceiling."
Trucking labor
LTL
Falling used truck values slow truck capacity cuts
William B. Cassidy, Senior Editor |
When freight demand is low and rates are hard to maintain, who wants to buy a used truck? That's a problem truckload carriers face as they try to reduce their capacity to bolster pricing.
Truckload
Swift slices more capacity as pricing pressure persists
William B. Cassidy, Senior Editor |
The largest US truckload carrier cut more than 1,600 tractors from its overal fleet in the past year, but added 130 trucks to its dedicated business, which increased revenue and profit.
Truckload
'Soft' rates pulling down US truckload revenue, profit
William B. Cassidy, Senior Editor |
Even when volumes rise, lower revenue shows impact of reduced rates and fuel surcharges at publicly owned carriers.
Truckload
Low rates cut profits for intermodal trucker J.B. Hunt
William B. Cassidy, Senior Editor |
Quarterly net profit dropped at the third-largest trucking operator for the first time since early 2014, thanks to lower truckload and intermodal rates. Dedicated is an exception.
Truckload
Schneider National, largest private US trucking firm, plans IPO
William B. Cassidy, Senior Editor |
Schneider National, family-owned since 1935, plans a financial lane change in 2017.
Truckload
Wielding pricing power, US shippers push for lower truckload rates
William B. Cassidy, Senior Editor |
Truckload rates have been declining year-over-year for six months, according to one measure, as US shippers hobbled by a slow economy demand transportation savings.
Truckload
US for-hire truck tonnage rises, but how far?
William B. Cassidy, Senior Editor |
Seasonal adjustments may account, in part, for an unusually strong gain in truck tonnage in "difficult-to-read" August.
Truckload
LTL
Truckloads surge on US spot market, but not rates
By JOC Staff |
Shipments on the truckload spot market increased year-over-year for the first time since December 2014 in August.
Truckload
Amid low growth market, US truckload carrier CRST acquires
William B. Cassidy, Senior Editor |
Acquiring California-based Gardner Trucking will add more than $400 million to CRST's annual revenue while adding new services and markets.
Truckload
Swift's Moyes to retire, Stocking named 'co-CEO'
By JOC Staff |
Jerry Moyes, who built Swift Transportation into the largest US truckload carrier, will retire at the end of the year, the company said Thursday.
Truckload
US trucking firms hiring workers at faster pace
William B. Cassidy, Senior Editor |
US trucking companies kept their hiring engines firing in August.
Trucking labor
LTL
ODFL warns truck capacity could buckle as soon as early 2017
Bill Mongelluzzo, Senior Editor |
The long-anticipated, much-discussed truck driver shortage could surface again as a major problem as early as next year.
LTL
US trucker lawsuit could avert electronic logging device rule
JOC Staff |
The controversial mandate requiring electronic logging devices in U.S. trucks by the end of next year will reappear before a federal court next month, jeopardizing the fate of the rule itself, and the so-called “capacity crunch” it was expected to generate.
Transport, Trade and Regulation News
Trucking News
LTL
Trucking labor
Acquisition shows small truckers have room to grow
William B. Cassidy, Senior Editor |
In its first acquisition in 78 years, Kottke Trucking expanded its business 60 percent, gaining drivers, freight, scale and density.
Truckload
Trucking resumes hiring, reversing five-month decline
William B. Cassidy, Senior Editor |
Does an uptick in trucking jobs indicate the trucking market is stabilizing?
Trucking labor
LTL
Total trucking revenue rises, but so does pressure on carriers
William B. Cassidy, Senior Editor |
Small carriers may have gained more revenue than their larger counterparts last year, reversing a recent trend. Can they do it again in 2016?
Truckload
LTL
Has US truck driver employment peaked?
William B. Cassidy, Senior Editor |
Strong hiring may have led to a new peak in trucking's hiring cycle. Is it downhill from here?
Trucking labor
LTL
Truckload carriers downshift as pricing plummets
William B. Cassidy, Senior Editor |
Despite an uptick in volume in July, trucking executives see a long road ahead before truckload rates rise.
Truckload
Werner sheds some customers as shippers pound rates
William B. Cassidy, Senior Editor |
The fifth-largest U.S. truckload carrier is cutting some shippers loose as they seek deep rate cuts in a soft market.
Truckload
Swift cuts trucks as revenue, profit continue decline
William B. Cassidy, Senior Editor |
Swift Transportation's efforts to control capacity weren't enough to stave off a decline in earnings.
Truckload
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