Spot rates for shipping containers jumped by the most in more than two years, a sign that a 16-month slump in ocean freight costs that helped ease the sting of goods inflation is over.
August 3, 2023![Image](/sites/default/files/images/logos/top_50_logistics_2.png)
Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Dedicated Contract Carriers
Rank | Company | Total Power Units |
---|---|---|
1 | J.B. Hunt Transport Services | 7,401 |
2 | Swift Transportation | 4,910 |
3 | Ryder Supply Chain Solutions | 4,540 |
4 | Werner Enterprises | 3,760 |
5 | Ruan | 3,493 |
6 | Penske Logistics | 3,277 |
7 | Cardinal Logistics | 3,220 |
8 | Schneider | 3,050 |
9 | NFI | 2,300 |
10 | U.S. Xpress Enterprises | 1,800 |
11 | Black Horse Carriers Inc. | 1,674 |
12 | UPS Supply Chain Solutions | 1,382 |
13 | Estenson Logistics | 1,190 |
14 | Averitt Express | 1,144 |
15 | Performance Team | 1,045 |
16 | Commercial Warehousing | 1,000 |
17 | Universal Logistics Holdings | 970 |
18 | DHL Supply Chain | 865 |
19 | Cowan Logistics | 766 |
20 | Celadon Group | 700 |
21 | Ceva Logistics (North America) | 604 |
22 | Odyssey Logistics & Technology | 600 |
23 | AIM Integrated Logistics | 586 |
24 | Crane Worldwide Logistics | 573 |
25 | Dupré Logistics | 550 |
26 | CRST The Transportation Solution | 500 |
27 | Bay and Bay Transportation | 500 |
28 | G&D Integrated | 468 |
29 | Transport America | 442 |
30 | Lily Dedicated Logistics Systems | 415 |
31 | Crowley Logistics | 335 |
32 | Leonard's Express | 330 |
33 | Warehouse Services Inc. | 314 |
34 | ITS Logistics | 300 |
35 | FedEx Logistics | 298 |
36 | Landair | 280 |
37 | Knight Transportation | 250 |
38 | LeSaint Logistics | 250 |
39 | ADS Logistics | 250 |
40 | XPO Logistics | 249 |
41 | Saddle Creek Logistics Services | 233 |
42 | ODW Logistics | 230 |
43 | Legacy Supply Chain Services | 230 |
44 | Midwest Express Group | 221 |
45 | East Coast Transport | 190 |
46 | Syfan Logistics | 171 |
47 | Kane Is Able Inc. | 165 |
48 | Kenco Group | 135 |
49 | Atech Logistics | 130 |
50 | Verst Group Logistics | 125 |
51 | Taylor Logistics | 122 |
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.
![Armstrong and Associates Logo](/sites/default/files/images/logos/tt50-armstrong2016.jpg)
Extras
On the Bubble
Global Ocean Shipping Costs Creep Higher
Weaker Freight Rates, Brokerage Gross Margin Hurt RXO Profits
Lower freight rates, a moderation in brokerage gross margin and the cost of operating as a stand-alone public company hurt profits at RXO Inc. in the second quarter of 2023.
TFI Q2 Profit Dips by More Than 50% on Lower Freight Volumes
Profits at TFI International Inc. more than halved in the second quarter of 2023 to $128.2 million from $276.8 million in the year-ago period, the company said.
Amazon Fresh Offers Grocery Delivery to Non-Prime Members
Amazon has begun offering its Fresh grocery delivery service to customers who aren’t Prime members.
Taylor Swift Reportedly Gives Tour Truckers $100,000 Bonuses
Taylor Swift has reportedly given $100,000 bonuses to the truck drivers who have been transporting her concert equipment across the country during her epic Eras tour.
UPS-Teamsters Contract Takes Step Forward
Local union leaders voted in favor of a tentative labor agreement that UPS and the Teamsters reached July 25, an important step toward finalizing a deal that covers about 340,000 workers.
Construction Costs Soar on Alaska Freight Route
Inflation is blamed for sending project completion costs soaring 68% since 2021 to today’s $840 million to complete a freight route for bringing goods into Alaska from the port in Anchorage.
Saia Reports Lower Q2 Profit, Revenue
Saia Inc. posted net income of $91.3 million in the second quarter of 2023, compared with $109.2 million in the same period a year earlier, the less-than-truckload carrier said.
Georgia Distribution Center to Team NFI, Bradshaw Home
Georgia officials announced plans to open a new East Coast distribution center in Effingham County to bring Bradshaw Home’s products to customers faster through a partnership with NFI.
Old Dominion Freight Line Q2 Profit Falls 22.3% Year-On-Year
Old Dominion Freight Line Inc. profits fell 22.3% year-over-year to $292.4 million in the second quarter of 2023 from $376.1 million in the year-ago period, it said.