The market for mergers and acquisitions in trucking is poised to stay robust, but could undergo some changes, an expert said during a recent industry event.
January 27, 2023Logistics 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 | 2,081,000 |
2 | Kuehne + Nagel | Switzerland | 1,304,000 |
3 | DB Schenker | Germany | 1,101,200 |
4 | UPS Supply Chain Solutions | United States | 935,300 |
5 | Panalpina Inc. | Switzerland | 921,400 |
6 | Expeditors International of Washington | United States | 875,914 |
7 | Nippon Express | Japan | 705,478 |
8 | Bollore Logistics | France | 580,000 |
9 | Hellmann Worldwide Logistics | Germany | 576,225 |
10 | DSV A/S | Denmark | 574,644 |
11 | Sinotrans Ltd. | China | 548,600 |
12 | Kintetsu World Express | Japan | 457,000 |
13 | Ceva Logistics | France | 421,800 |
14 | Agility Logistics | Kuwait | 372,700 |
15 | Yusen Logistics | Japan | 332,389 |
16 | Geodis | France | 330,000 |
17 | NNR Global Logistics | Japan | 286,897 |
18 | Kerry Logistics | Hong Kong | 282,200 |
19 | FedEx Logistics | United States | 268,340 |
20 | Apex Logistics International | Hong Kong | 260,000 |
21 | Hitachi Transport System | Japan | 230,000 |
22 | Dachser SE | Germany | 224,000 |
23 | Pilot Freight Services | United States | 220,000 |
24 | Dimerco Express Group | Taiwan | 219,000 |
25 | Crane Worldwide Logistics | United States | 195,082 |
26 | Damco/Maersk Logistics | The Netherlands | 180,000 |
27 | Logwin AG | Luxembourg | 140,000 |
28 | C.H. Robinson Worldwide | United States | 115,000 |
29 | Toll Global Forwarding | Australia | 114,000 |
30 | Mainfreight Ltd. | New Zealand | 113,119 |
31 | Beijing Harmony Shipping & Forwarding Agent | China | 100,000 |
32 | XPO Logistics | United States | 72,600 |
33 | Seko Logistics | United States | 70,000 |
34 | TransGroup Global Logistics | United States | 66,000 |
35 | OIA Global | United States | 65,000 |
36 | BDP International | United States | 60,000 |
37 | AWOT Global Logistics Group | China | 60,000 |
38 | CJ Logistics | South Korea | 57,517 |
39 | BEL International Logistics | Hong Kong | 50,000 |
40 | American Global Logistics | United States | 50,000 |
41 | Scanwell Logistics | United States | 40,000 |
42 | Shanghai Hengrong International Transportation | China | 40,000 |
43 | 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
Trucking M&A Expert Doesn’t Expect Slowdown
Federal Grant to Make Golden Gate Bridge Safer From Earthquakes
Protecting the safety of travelers over the Golden Gate Bridge, including 555,000 truck drivers carrying freight annually, was a key topic among Washington officials gathered in San Francisco near the iconic landmark to celebrate a $400 million federal grant for earthquake resiliency.
January 27, 2023Knight-Swift Reports Lower Q4 Results
Knight-Swift Transportation Holdings Inc. experienced a year-over-year decline in revenue and earnings during the fourth quarter of 2022, the company reported Jan. 26.
Rail Workers Still Seeking Quality-of-Life Improvements
OMAHA, Neb. — The contract imposed on railroad workers last fall didn’t resolve their quality-of-life issues, but already this year there are indications the major freight railroads are starting to address some of their concerns.
Amazon to Sell Bay Area Office Complex as Sales Growth Cools
Amazon .com Inc. is selling a vacant Bay Area office complex purchased about 16 months ago, the company’s latest effort to unwind a pandemic-era expansion that left it with a surfeit of warehouses and employees.
Positive Marijuana Tests Among Drivers Grow at Alarming Rate
Nearly 41,000 truck drivers tested positive for marijuana in 2022, a 32% increase over 2021, according to a report recently compiled from data in the Federal Motor Carrier Safety Administration’s Drug & Alcohol Clearinghouse.
Trucking Groups Not Pleased With Toll Hikes in Northeast States
Toll increases this year in Pennsylvania, New Jersey and New York are frustrating trucking companies that are having to pass on costs in the form of higher freight charges.
Bill Would Let Younger Drivers Move Freight at Ports
Legislation that aims to allow young commercial drivers to transport freight from ports was recently introduced in the U.S. House of Representatives.
Marten Transport Reports 16th Consecutive Profitable Quarter
Marten Transport reported higher fourth-quarter earnings, marking its 16th consecutive year-over-year increase.
Ports Post Strong Volume for 2022 Despite December Drop-Off
Despite a significant slowdown in the second half of 2022, two major West Coast ports approached the record-setting pace they had in 2021.
January 25, 2023