A British hedge fund that owns shares of U.S. railroads Union Pacific Corp. and BNSF Railway, in addition to its previously disclosed holdings of CSX Corp., wants better returns from its U.S. rail holdings, Bloomberg reported.
May 10, 2007Logistics 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 |
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
On the Bubble
U.K. Hedge Fund Seeks Rail Returns
CSX to Buy Back $1 Bln. in Stock
Eastern freight railroad CSX Corp. said Tuesday it will repurchase an additional $1 billion in its stock, boost its dividend 25% and make significant capital expenditures over the next four years, the Associated Press reported.
May 8, 2007EGL Says Ceva’s Offer ‘Superior’ to CEO’s
EGL Inc. said Monday that a $43 proposal by Ceva Group to acquire EGL is a “superior proposal” to a proposal led by its chief executive officer.
May 7, 2007Pacer’s Income Falls 41%
Transportation and third-party logistics firm Pacer International’s first-quarter net income plunged 41% to $14.4 million or 15 cents a share, from $24.4 million or 36 cents a year ago.
May 4, 2007U.S. Firm Buying Canada Cartage
A U.S. private-equity firm will buy trucking company Canada Cartage for C$140 million, the Canadian Press reported Friday.
May 4, 2007Ceva Makes Offer for EGL
EGL Inc. said Thursday it has received an offer from Ceva Group to acquire stock of the Houston-based freight forwarder for $43 a share.
May 3, 2007Expeditors’ 1Q Profit Rises
Logistics firm Expeditors International of Washington’s first-quarter profit rose 13% to $59.3 million or 27 cents a share, from $52.4 million or 24 cents a year ago.
May 3, 2007TIA Says Customs to Expedite Request for Logistics Firms to Join C-TPAT
Target Logistics’ Income Dips
Freight forwarder Target Logistics said Wednesday its fiscal third-quarter profit fell to $340,000 or 2 cents a share, from $610,000 or 3 cents a year ago.
May 2, 2007Wabash Sees 1Q Income Drop
Trailer maker Wabash National Corp. reported first-quarter net income of $1 million or 3 cents a share, down from $4.3 million or 13 cents a year earlier.
May 1, 2007