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:
2021 Essential Financial and Operating Information for the 50 Largest Logistics Companies in North America
Up Front
The pandemic-driven spike in online shopping has forced firms to adjust operations.
For the 2021 list, we've decided to use a different metric to rank companies.
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 | 1,795,000 |
| 2 | Kuehne + Nagel | Switzerland | 1,418,000 |
| 3 | DSV A/S | Denmark | 1,272,405 |
| 4 | DB Schenker | Germany | 991,200 |
| 5 | UPS Supply Chain Solutions | United States | 965,700 |
| 6 | Expeditors International of Washington | United States | 840,700 |
| 7 | Apex Logistics International | Hong Kong | 750,000 |
| 8 | Nippon Express | Japan | 720,115 |
| 9 | Hellmann Worldwide Logistics | Germany | 586,670 |
| 10 | Bollore Logistics | France | 574,000 |
| 11 | Kintetsu World Express | Japan | 566,814 |
| 12 | Sinotrans Ltd. | China | 502,000 |
| 13 | Kerry Logistics | Hong Kong | 493,903 |
| 14 | Ceva Logistics | France | 440,000 |
| 15 | Agility Logistics | Kuwait | 415,000 |
| 16 | Crane Worldwide Logistics | United States | 337,300 |
| 17 | Yusen Logistics | Japan | 337,000 |
| 18 | Dachser SE | Germany | 330,000 |
| 19 | Geodis | France | 308,173 |
| 20 | FedEx Logistics | United States | 262,500 |
| 21 | NNR Global Logistics | Japan | 244,595 |
| 22 | Pilot Freight Services | United States | 240,000 |
| 23 | C.H. Robinson Worldwide | United States | 225,000 |
| 24 | Hitachi Transport System | Japan | 221,000 |
| 25 | AWOT Global Logistics Group | China | 219,768 |
| 26 | Dimerco Express Group | Taiwan | 199,630 |
| 27 | Logwin AG | Luxembourg | 180,000 |
| 28 | Cargo-Partner | Austria | 171,850 |
| 29 | Trinity Logistics USA | United States | 164,000 |
| 30 | Damco/Maersk Logistics | The Netherlands | 158,405 |
| 31 | EFL | Sri Lanka | 146,098 |
| 32 | Mainfreight Ltd. | New Zealand | 126,071 |
| 33 | Toll Group | Australia | 111,600 |
| 34 | APL Logistics | Singapore | 106,000 |
| 35 | AIT Worldwide Logistics | United States | 105,850 |
| 36 | Beijing Harmony Shipping & Forwarding Agent | China | 100,000 |
| 37 | Seko Logistics | United States | 90,000 |
| 38 | TransGroup Global Logistics | United States | 86,000 |
| 39 | Nissin Corp. | Japan | 85,000 |
| 40 | BDP International | United States | 76,000 |
| 41 | OIA Global | United States | 75,000 |
| 42 | XPO Logistics | United States | 70,200 |
| 43 | Scan Global Logistics A/S | Denmark | 70,000 |
| 44 | Worldwide Logistics Group | China | 64,768 |
| 45 | Nexus Logistics | Chile | 58,678 |
| 46 | Noatum Logistics | Spain | 56,000 |
| 47 | Imperial Logistics | South Africa | 53,660 |
| 48 | Gebruder Weiss | Austria | 53,000 |
| 49 | TVS Supply Chain Solutions | India | 50,000 |
| 49 | BEL International Logistics | Hong Kong | 50,000 |
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
Evan Armstrong breaks down how COVID-19 challenged companies in 2020.
53
On the Bubble
Redwood Logistics
($804 million), Chicago, provides custom brokerage, dedicated contract carriage, freight brokerage, intermodal and drayage, inventory management and packaging, order fulfillment, returned goods management, supply chain consulting, transportation management and warehousing and distribution.
If your company appears on the 2021 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.
Logistics News
Business, Logistics, For-Hire
Covenant Logistics Reports Nearly 5% Revenue Rise for Q2
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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.
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Union Pacific Profit Grows 7%
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July 24, 2024Business, Logistics, For-Hire, Global Freight
UPS Discusses Acquisition of Parcel Carrier in Mexico
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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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