Profits and margins at Marten Transport continued to weaken in Q2 of 2024, dented by the ongoing industrywide supply-demand imbalance, higher costs and softer freight rates.
July 22, 2024Logistics 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 | BEL International Logistics | Hong Kong | 50,000 |
49 | Mallory Alexander International Logistics | United States | 50,000 |
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
Freight Recession Still Squeezing Marten’s Profits, Margins
Perspective: Using Technology to Protect Cargo From Theft
Cargo theft is often a subtle process, making it difficult to prevent. With cargo thieves relying increasingly on subterfuge, the security apparatus on the shop floor must evolve accordingly.
Minnesota Lawmakers Take Steps to Expand CDL Testing
New and current Minnesota truck drivers will have an easier time obtaining and renewing CDLs now that a state law that constrained third-party CDL testing opportunities has been eliminated.
Long Beach Port Breaks Ground on $1.5B Rail Yard Expansion
Transportation Secretary Pete Buttigieg and other officials visited the Port of Long Beach on July 18 to break ground on a $1.5 billion rail yard expansion project.
J.B. Hunt Reports $2.9 Billion in Revenue for Q2
J.B. Hunt Transport Services reported that second-quarter net income declined on revenue that fell just short of $3 billion.
Trucking Weathers Another Increase in Cargo Theft for Q2
The trucking industry continued to weather an increase in cargo theft activity during the second quarter of 2024.
Global Shipping Strains Spark Fears of an Inflation Comeback
Merchandise trade is withstanding its first post-pandemic shock, with no noticeable flareup of global consumer prices. But that’s not guaranteed to last if snarls prove long-lasting.
Amazon Prime Day Drives Online Sales Up 11% to $14.2 Billion
U.S. shoppers spent $14.2 billion online during Amazon.com Inc.’s 48-hour Prime Day sale, up 11% from a year ago and in line with estimates, according to Adobe Inc.
Port of L.A. Container Volumes Up 14% on Strong Trade Activity
West Coast ports are closing out the first half of 2024 with strong trade volumes, boosted by an early peak season, solid consumer spending and threats of strikes at East and Gulf Coast ports.
Trump Assassination Attempt Inquiry Adds to Congress' Agenda
Investigations into the attempted assassination of former President Donald Trump will contribute to an already jam-packed summer agenda on Capitol Hill.