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Top 25 Truckload Companies
Top 25 truckload carriers by revenue
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 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.
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."
Falling used truck values slow truck capacity cuts
William B. Cassidy, Senior Editor |
<p>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.</p>
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.
'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.
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.
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.
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.
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.
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.
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.
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.
US trucking firms hiring workers at faster pace
William B. Cassidy, Senior Editor |
US trucking companies kept their hiring engines firing in August.
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.
With $2.6 billion in debt refinancing, XPO enters 'Phase 2'
William B. Cassidy, Senior Editor |
Refinancing saves XPO Logistics money that can be reinvested in "optimizing" its global business.
US trucker lawsuit could avert electronic logging device rule
JOC Team |
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.
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.
Trucking resumes hiring, reversing five-month decline
William B. Cassidy, Senior Editor |
Does an uptick in trucking jobs indicate the trucking market is stabilizing?
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?
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?
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.
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.
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.
'Tremendous' pressure on spot truck rates squeezes Landstar
William B. Cassidy, Senior Editor |
A drop in spot rates and sluggish economy bit into revenue and profit at the fourth-largest U.S. truckload carrier.
As dedicated trucking demand grows, Marten Transport benefits
William B. Cassidy, Senior Editor |
General truckload and intermodal sales softened, but Marten's dedicated division increased revenue by double digits.
Truck tonnage drops, forecast to remain 'choppy'
William B. Cassidy, Senior Editor |
Tonnage drops in June despite other improving indicators for trucking.
J.B. Hunt adds truck capacity, grabs market share
William B. Cassidy, Senior Editor |
Second-quarter results show $6.2 billion J.B. Hunt is spending to build intermodal, truck volume, revenue.
Does busier spot market signal a US truck rate spike?
William B. Cassidy, Senior Editor |
As spot market truckload volumes rise, will rates follow?
Rates slip at Swift as truckload demand softens
William B. Cassidy, Senior Editor |
The spring freight bounce fell flat for the Phoenix-based trucking company.
Schneider zeroes in on last-mile business via acquisitions
William B. Cassidy, Senior Editor |
Schneider acquires two companies.
Conflicting views on trucker hours, 'restart' collide in Congress
William B. Cassidy, Senior Editor |
The battle over truck driver hours-of-service and the 34-hour restart will likely roll into a House-Senate conference committee this summer.
Rising oil, fuel prices to squeeze shipper budgets
William B. Cassidy, Senior Editor |
Higher U.S. diesel prices and fuel surcharges may threaten transportation savings.
Survey sends warning signal to US truckload carriers
William B. Cassidy, Senior Editor |
Although truckload carriers are getting more profitable, their efficiency is flagging, a survey by TMW Systems shows.
Roadrunner pursues US-bound LTL freight from Canadian ports
William B. Cassidy, Senior Editor |
Facing a soft LTL market, Roadrunner takes steps to build out its U.S. network and attract freight from western Canada.
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