Top 50 Trucking Companies

Yellow lost money in its last six months as shippers moved freight elsewhere and non-operating expenses, including debt payments and interest, consumed shrinking operating profits.

Shipment volume at the third-largest LTL carrier in the US jumped nearly 9% in July from a year ago and 3.2% from June as shippers moved freight away from rival carrier Yellow.

US truckload carrier executives say they don’t see any signs that freight demand will pick back up until the end of 2023.

The number of large US less-than-truckload carriers is shrinking, but the remaining operators are more profitable, have higher revenues and play a bigger role in customer’s supply chains.

Hedging and short selling made Yellow a “meme stock” early this week, but experts say rumors of a comeback are as wildly misplaced as investors’ cash.

Schneider's acquisition of M&M Transport underscores the ongoing popularity of dedicated transportation among shippers and carriers, even in an era of excess truckload capacity. 

The loss of the third-largest US less-than-truckload carrier is hitting a broad tranche of smaller, less-sophisticated shippers hard as they struggle with volatile rate hikes, logistics providers say.

US shippers gained some security in the LTL market as Teamsters at TForce approved a new contract with the LTL carrier.

The third-largest less-than-truckload provider in the US stopped operations Sunday, cutting into industrywide excess capacity and increasing pressure on pricing for LTL shipments. 

Word of layoffs among non-union staff at Yellow spread Friday, and shippers report less-than-truckload (LTL) pricing is already moving higher in anticipation of a shutdown of the third-largest US LTL carrier.

In its latest attempt to avert a potential bankruptcy, unionized trucking company Yellow is trying to raise funds through the sale of Yellow Logistics.

Yellow says its talks with the Teamsters union are “ongoing,” but the less-than-truckload carrier needs to keep customers to stay alive.

Freight volumes were down almost 12% in the second quarter at Old Dominion Freight Line, but the less-than-truckload carrier says it will continue to reinvest in capacity.

Teamster local leaders endorsed a new five-year pact with LTL carrier TForce Freight, while the union eyes talks with Yellow.

Several large LTL carriers, including XPO and Estes, are adding terminals as freight flows change and customers shift business among carriers as questions linger over Yellow’s future.

Yellow’s lenders, including the US government, gave the company short-term waivers for certain loan conditions, extending its “runway” for winning Teamster support for a restructuring plan.

The largest US truckload operator will continue to add terminals to its LTL network as it absorbs truckload carrier U.S. Xpress.

UPS and the International Brotherhood of Teamsters are battling on the brink of a potential strike, with both sides claiming the other has walked away from the negotiating table.

The ABF-Teamsters contract is the first of three major negotiations the union is conducting this summer to make it past the finish line, with UPS and TForce Freight talks still ongoing.

In a letter Thursday, less-than-truckload provider Yellow asked President Biden to intervene personally in its dispute with the Teamsters and break an impasse it claims threatens 22,000 union jobs. 

Time is ticking away for less-than-truckload carrier Yellow, which is suing the Teamsters while its cash reserves shrink, and UPS, which got a new deadline for contract talks from the Teamsters.

The largest unionized trucking employer in the US is taking its restructuring fight with the Teamsters to court, claiming union leadership is agitating for its demise.

Freight demand is supporting a buildout of Roadrunner’s direct LTL network after cutbacks in 2022, with new lanes connecting shippers with Las Vegas and the Port of Virginia.

The largest US trucking company will close 29 terminals to better match its footprint with lower freight demand as it prepares for a “reset.”

The International Brotherhood of Teamsters and UPS say they’ve made progress on non-economic issues, but there’s still heavy lifting ahead for the largest labor pact in the US private sector.

Leaders within the International Brotherhood of Teamsters have endorsed a tentative contract reached with ABF that would set a high bar for other unionized carriers in the largely non-union less-than-truckload sector.

Despite disagreement over Yellow’s restructuring plans, the Teamsters union is taking a first step toward opening contract talks by surveying 22,000 union members online.

Air conditioning, heat shields and air intake vents are coming to UPS package cars as the Teamsters and their largest employer move closer to a tentative five-year labor agreement. 

Yellow claims its ability to “continue as a going concern” is being impaired by Teamster opposition to its restructuring.

Yellow calls Teamster complaints about its restructuring plans baseless and inaccurate, and urges “serious discussion” as accusations escalate.

The Teamsters union promises a tougher approach in contract talks with ABF Freight and TForce Freight, and is opposing major network changes proposed by Yellow, its largest freight employer.

Knight-Swift, the largest US truckload provider, will substantially expand its reach and scalability for shippers with the purchase of U.S. Xpress, the country’s ninth-largest truckload carrier.

With ‘every dollar under scrutiny,’ FedEx Freight is squeezing its trucking division, gaining financial improvements that better position the carrier for the next economic rebound. 

Demand for flatbed tractor-trailers is rising along the Gulf Coast and Southeast, buoyed by project cargo, shifting freight patterns, and a warmer-than-normal winter, DAT Freight & Analytics says.

Old Dominion Freight Line “has its fingers crossed” that the decline in less-than-truckload volumes is turning and an increase in freight demand will be seen in March or the second quarter.

The largest US family owned LTL trucking company is adding terminals, including one in Southern California, as Webb Estes moves into the president’s office. 

Truck freight demand is falling closer to 2021 levels as 2022 draws toward its close, putting more pressure on truckload and LTL rates.

Total US trucking costs rose in November, with revised US producer price index figures for truckload and LTL services indicating at least a temporary reversal in a months-long decline.

Ryder System is joining the race to deploy more drop-and-hook trailer pools for shippers that need greater flexibility to reduce costs and counter supply chain disruption.

Less-than-truckload shipping volumes in the US are falling in the fourth quarter from all-time highs, but rates are slower to drop as carriers push back on absorbing higher costs.