Covenant Logistics Group experienced an increase in revenue but a slight decline in earnings during the second quarter of 2024, the company reported July 24.
July 25, 2024Sponsored by:
2016 Essential Financial and Operating Information for the 50 largest logistics companies in the U.S. and Canada
Up Front
Learn how to be included in the 2017 Top 50 Logistics Companies listing.
As online sales continue to soar, so have the expectations of consumers for goods to be delivered quickly and cheaply.
Our April 20 LiveOnWeb webcast looked at how online shopping is creating enormous disruption to freight networks and modes of delivery. Plus we looked back at the new TT Top 50 Logistics Companies rankings. Watch the replay.
Rankings
Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Airfreight Forwarders
| Rank | Company | Headquarters | Airfreight (Metric Tons) |
|---|---|---|---|
| 1 | DHL Supply Chain & Global Forwarding | Germany | 2,085,000 |
| 2 | Kuehne + Nagel | Switzerland | 1,250,000 |
| 3 | DB Schenker | Germany | 1,092,000 |
| 4 | UPS Supply Chain Solutions | United States | 935,300 |
| 5 | Expeditors International of Washington | United States | 872,480 |
| 6 | Panalpina Inc. | Switzerland | 836,200 |
| 7 | Nippon Express | Japan | 711,354 |
| 8 | Hellmann Worldwide Logistics | Germany | 561,240 |
| 9 | Bollore Logistics | France | 555,000 |
| 10 | Sinotrans Ltd. | China | 536,200 |
| 11 | Kintetsu World Express | Japan | 478,000 |
| 12 | Ceva Logistics | France | 451,000 |
| 13 | Agility Logistics | Kuwait | 372,700 |
| 14 | UTi Worldwide | 353,300 | |
| 15 | Yusen Logistics | Japan | 344,000 |
| 16 | DSV Air & Sea Ltd. | Denmark | 311,193 |
| 17 | Geodis | France | 299,032 |
| 18 | Kerry Logistics | Hong Kong | 282,200 |
| 19 | Dachser SE | Germany | 275,300 |
| 20 | NNR Global Logistics | Japan | 264,068 |
| 21 | Pilot Freight Services | United States | 220,000 |
| 22 | Crane Worldwide Logistics | United States | 213,000 |
| 23 | Dimerco Express Group | Taiwan | 202,000 |
| 24 | Hitachi Transport System | Japan | 190,000 |
| 25 | Apex Logistics International | Hong Kong | 187,000 |
| 26 | Damco/Maersk Logistics | The Netherlands | 180,000 |
| 27 | Logwin AG | Luxembourg | 152,000 |
| 28 | C.H. Robinson Worldwide | United States | 115,000 |
| 29 | Toll Global Forwarding | Australia | 114,000 |
| 30 | Beijing Harmony Shipping & Forwarding Agent | China | 100,000 |
| 31 | BDP International | United States | 87,000 |
| 32 | Mainfreight Ltd. | New Zealand | 86,547 |
| 33 | XPO Logistics | United States | 72,612 |
| 34 | Girag Air Cargo | 70,200 | |
| 35 | American Global Logistics | United States | 50,000 |
| 36 | BEL International Logistics | Hong Kong | 50,000 |
| 37 | OIA Global | United States | 43,668 |
| 38 | Scanwell Logistics | United States | 40,000 |
| 39 | Shanghai Hengrong International Transportation | China | 40,000 |
| 40 | CJ Logistics | South Korea | 39,100 |
| 41 | Cargo Services Far East | Hong Kong | 31,000 |
About the Rankings...
Top 50 Logistics Companies provide logistics services, including freight brokerage, freight forwarding, warehousing and dedicated contract carriage in North America and are ranked on the basis of annual gross revenue. Some sector rankings may have been updated since their print publication. To be included in the Top 50 list, please send contact information to tteditor@ttnews.com. We will contact you via phone or e-mail to get information about your company prior to publication of the next Top 50 list.
Extras
A former Transport Topics editor who worked at Amazon examines the hustle and bustle of the online retailer.
55
On the Bubble
Damco International
($158 million), Jamaica, New York, provides air and ocean freight forwarding, customs brokerage, supply chain consulting, transportation management and warehousing and distribution.
Visit our new sector pages for top brokerage firms, warehousing firms, dedicated contract carriers, ocean freight forwarders and airfreight forwarders.
If your company appears in the 2016 list, you have a few ways to announce it! Visit our logo library to get web- and print-ready graphics.
Learn more about Transport Topics' Top 50 Logistics Companies Publication.
Find out where the carriers are by regions and by state in North America with our interactive map.
Logistics News
Business, Logistics, For-Hire
Covenant Logistics Reports Nearly 5% Revenue Rise for Q2
Government, Business, Logistics, TCA
Gordie Howe International Bridge Links Detroit to Windsor
DETROIT — The U.S. and Canadian sides of the Gordie Howe International Bridge have been connected, marking the bridge as an official border crossing.
July 25, 2024Business, Logistics, Global Freight
Union Pacific Profit Grows 7%
OMAHA, Neb. — Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat.
July 25, 2024Government, Business, Technology, Safety, Logistics
CBP Installs X-Ray Scanner for Containers at Texas Port
The busiest land border crossing between the U.S. and Mexico now has an advanced X-ray machine that is intended to help more efficiently move commercial truck traffic through the facility.
July 24, 2024Business, Logistics, For-Hire, Global Freight
UPS Discusses Acquisition of Parcel Carrier in Mexico
The recently announced UPS acquisition of Mexican express delivery company Estafeta takes advantage of a business trend toward nearshoring.
July 24, 2024Government, Business, Logistics
House Passes Biennial Water Resources Development Act
A bill to promote the efficiency of commercial waterway infrastructure projects and supply chain connectivity was easily passed by the U.S. House of Representatives on July 22.
July 23, 2024Business, Logistics, For-Hire
Urban Delivery Hubs Present Solutions to Final-Mile Shipping
An evolving concept to address the issue of final-mile delivery is the urban delivery hub.
July 23, 2024Business, Logistics, Breaking News
ATA Reports Dip in Truck Tonnage for June
The trucking industry continued the trend of year-over-year tonnage losses in June after a brief increase the prior month, American Trucking Associations reported July 23.
July 23, 2024Business, Technology, Logistics, Autonomous
C.H. Robinson Launches AI-Leveraged Load-Matching Platform
C.H. Robinson Worldwide Inc. launched a new load-matching platform aimed at helping carriers improve efficiency, the company announced July 18.
July 22, 2024Government, Business, Logistics
Illinois Offering Written CDL Tests in Spanish
Illinois is the latest state to offer commercial driver license applicants a written test in Spanish to get more drivers on the road.
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