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Journal of Commerce | Trucking Logistics - 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.
Updated: 1 hour 58 min ago

Dedicated trucking, digital drive Q4 growth at J.B. Hunt

Fri, 01/17/2020 - 12:43
[caption caption="Intermodal volumes began to expand, slowly, in the fourth quarter, J.B. Hunt said. Photo credit: J.B. Hunt Transport Services."][/caption]A wave of private shipper fleet conversions to dedicated trucking, alongside growth of a digital brokerage platform, pushed revenue at J.B. Hunt Transport Services to $2.45 billion in the fourth quarter,...

GlobalTranz targets managed transportation market with Cerasis buy

Thu, 01/16/2020 - 10:30
[caption caption="GlobalTranz has been aggressive in acquiring brokers, specialist service providers, and technology companies to compete in a highly fragmented brokerage industry where customer demands grow higher daily. Photo credit:"][/caption]Third-party logistics services provider GlobalTranz has continued its acquisition spree with the purchase Thursday of Minneapolis-based Cerasis, a specialist in...

US spot truckload rates stabilize at start of 2020

Wed, 01/15/2020 - 13:57
[caption caption="In mid-January, DAT average spot truckload rates are still trending higher than December. Photo credit:"][/caption]After struggling to climb out of an abyss in late 2019, US spot truckload rates are stabilizing, an analysis of data from and other parties shows. But at best those spot rates are...

ARO 2020: It takes more than being digital to disrupt freight industry

Thu, 01/02/2020 - 07:20
[caption caption="Digital freight broker Convoy recently received $400 million in funding at a valuation of $2.75 billion, while established freight broker Echo Global Logistics is valued at $564 million despite much higher gross revenue. Photo credit:"][/caption]This story appeared in the print edition of the Jan. 6, 2020, Journal of...

ARO 2020: Digital freight brokers team up with established TMS firms

Fri, 12/27/2019 - 09:30
[caption caption="There are upward of 1,000 domestic transportation management systems (TMSs) available in North America, according to Gartner. Photo credit:"][/caption]This story appeared in the print edition of the Jan. 6, 2020, Journal of Commerce Annual Review and Outlook.The most noteworthy development in the domestic transportation management system (TMS) market...

LoadDelivered to test if carrier loyalty pays

Thu, 12/26/2019 - 08:09
[caption caption="Small carriers have long had discount-based options to get paid quickly by brokers and shippers to manage systemic cash flow concerns in a tight margin industry. Photo credit:"][/caption]There’s an innate tension between the desire for shippers to extend payment terms to freight carriers and those carriers struggling to...

Convoy throws down automation gauntlet to brokers

Tue, 12/17/2019 - 21:06
[caption caption="Brokers, both established and startups, have made steady progress on digitally matching loads with capacity, but the next stop toward automation is figuring out a price with no human intervention. Photo credit:"][/caption]Fresh off an historic $400 million investment by venture capitalists in November, domestic freight broker Convoy said...

Shippers need plan to navigate next ELD phase

Fri, 12/13/2019 - 14:18
[caption caption="Many shippers were caught by surprise when the ELD mandate helped tighten capacity in 2017. Photo credit:"][/caption]Are shippers ready for the next phase of the US electronic logging device (ELD) mandate? They should be, but if past history is any guide, they may not be the case. Those...

US truck drivers racking up speeding violations

Wed, 11/06/2019 - 12:18
[caption caption="The number of violations issued to truckers for driving 15 mph or more above limits rose 10.3 percent last year. Photo credit:"][/caption]Commerce moves fast across the United States, sometimes too fast. The number of speeding violations issued to US truck drivers increased 7.8 percent in 2018, climbing to...

Challenge to ELD rule resurfaces at FMCSA

Tue, 11/05/2019 - 09:36
[caption caption="Petitioner SBTC claims the ELD rule is contributing to an increase in truck driver speeding. Photo credit:"][/caption]With the deadline for the second and final phase of the United States electronic logging device (ELD) mandate looming in December, US regulators are giving a second hearing to a petition that...

3PLs forecast truck softness through mid-2020

Wed, 10/30/2019 - 12:07
[caption caption="CEO Bob Biesterfeld said C.H. Robinson will focus on the fundamentals to capitalize when the market rebounds, which he doesn"][/caption]Top United States freight brokers are giving a bearish outlook on the truckload spot market, saying overcapacity and low rates will persist through the first half of 2020.While there have...

US trucking market flashes a turn signal

Tue, 10/15/2019 - 12:20
[caption caption="Pricing power could swing back to truckers next year, if the US economy continues to grow. Photo credit:"][/caption]There’s a change in the air at truck stops and freight docks across the United States, and not just the arrival of fall breezes. After months of decline, spot truck rates...

Trucker Tools rolls out automated booking for brokers

Thu, 10/10/2019 - 09:22
[caption caption="The Buy it Now system leverages data from the 750,000 individual drivers and 130,000 unique carriers that have downloaded the Trucker Tools app. Photo credit:"][/caption]The freight broker and carrier software provider Trucker Tools has gone live with a new feature that allows brokers to automate the process of...

Driver problems top latest list of trucking woes

Thu, 10/10/2019 - 04:00
[caption caption="Driver pay is a problem that won’t go away this year or next, according to ATRI. Photo credit:"][/caption]Trucking faces challenges old and new as it rolls toward a new decade, but most of them revolve around one of the industry’s oldest problems: finding and keeping truck drivers. And...

Convoy targets small shippers with free TMS

Tue, 10/01/2019 - 05:00
[caption caption="Convoy's new transportation management software will provide another option to small shippers relying on spreadsheets and email who also want access to digital brokerage. Photo credit: Convoy"][/caption]Convoy has unveiled a free transportation management system (TMS) for small shippers currently relying upon spreadsheets and email to secure trucking capacity, joining...

Uber Freight moving headquarters to Chicago

Mon, 09/09/2019 - 06:43
[caption caption="Uber Freight, one of a handful of providers at the forefront of providing drivers with apps to digitally match capacity with available loads, said it will be investing $200 million annually in the Chicago region. Photo credit:"][/caption] The digital freight broker Uber Freight said Monday it is creating a...

Despite bankruptcies, more US truckers rolling

Wed, 08/28/2019 - 14:21
[caption caption="The number of US trucking companies is rising, not falling, even in a soft freight market. Photo credit:"][/caption]Amid a series of trucking bankruptcies, the overall number of trucking companies and drivers in the US continues to rise. More than 21,000 new trucking companies hit US highways between June...

2019 JOC Directory of Trucking Companies

Fri, 08/16/2019 - 09:14
[caption caption="The 2019 JOC Directory of Trucking Companies is a one-stop source of information for North American shippers and third-party logistics providers on nearly 180 select trucking companies in the United States and Canada. Photo credit:"][/caption]The 2019 JOC Directory of Trucking Companies is a one-stop source of information for North...

3PLs uncertain when US truckload market will turn

Thu, 07/25/2019 - 12:56
[caption caption="Landstar earnings and loads dropped in the second quarter and CEO Jim Gattoni warned that sluggish conditions may persist through the remainder of 2019. Photo credit: Ari Ashe."][/caption]Third-party logistics providers are unclear about when the freight market will recover after a disappointing first half of 2019, citing trade uncertainty...

US truckload carriers see market shift, higher rates ahead

Fri, 06/21/2019 - 10:57
[caption caption="A surprising 20 percent of truckload carriers surveyed said they expect contract rates to rise 5 percent in the next six months, even though only 5 percent said they have won such an increase in the last month. Photo:"][/caption]Some truckload carriers apparently haven’t received the message the freight...


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