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.
July 31, 2023Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Logistics Freight Brokerage
Rank | Company | Net Revenue (Millions) | Gross Revenue (Millions) | Types of Freight |
---|---|---|---|---|
1 | C.H. Robinson Worldwide | $1,718.3 | $11,989.8 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul, bulk/tank |
2 | Total Quality Logistics | $445.6 | $2,239.9 est |
rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
3 | XPO Logistics | $342.0 | $1,782.0 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
4 | Echo Global Logistics | $290.3 | $1,512.3 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul, bulk/tank |
5 | UPS Supply Chain Solutions | $280.0 | $2,300.0 est |
rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
6 | Landstar System | $272.0 | $1,638.0 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
7 | WWEX Group | $200.0 | $750.0 est |
air/expedited, rail intermodal, LTL, dry van TL, parcel, refrigerated, flatbed/heavy haul |
8 | Hub Group | $118.6 | $928.7 est |
rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
9 | J.B. Hunt Transport Services | $112.0 | $699.5 est |
air expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul, bulk/tank |
10 | Yusen Logistics | $99.0 | $767.0 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, parcel |
11 | Unishippers Global Logistics | $95.5 | $451.0 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
12 | GlobalTranz Enterprises | $89.0 | $484.0 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
13 | Roadrunner Transportation Systems | $84.7 | $330.3 est |
rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul, bulk/tank, parcel |
14 | BNSF Logistics | $83.0 | $610.0 est |
air/expedited, rail intermodal (13,750), LTL (33,000), dry van TL (350,000), refrigerated (28,000), flatbed/heavy haul (77,000) |
15 | Uber Freight/Transplace Inc. | $81.0 | $670.0 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul, bulk/tank |
16 | England Logistics | $77.9 | $427.6 est |
rail intermodal (1,800), LTL (68,000), dry van TL (66,000), refrigerated (32,000), flatbed/heavy haul (7,300) |
17 | Allen Lund Co. | $69.9 | $451.2 est |
rail intermodal (419), LTL (73,512), bulk/tank (8) |
18 | Kuehne + Nagel Americas | $68.0 | $454.0 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
19 | Werner Enterprises | $61.0 | $393.2 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul, bulk/tank |
20 | Trinity Logistics | $56.0 | $358.0 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul, bulk/tank |
21 | ArcBest Corp. | $55.0 | $308.0 est |
rail intermodal, LTL, dry van TL, refrigerated |
22 | TTS | $53.2 | $456.5 est |
air/expedited (5,453), rail intermodal (59,270), LTL (46,617), dry van TL (137,062), parcel (1,666) |
23 | PLS Logistics Services | $53.0 | $527.0 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul, bulk/tank |
24 | Sunteck Transport Group | $52.0 | $269.0 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
25 | FLS Transportation Services | $50.0 | $322.0 est |
dry van TL, flatbed/heavy haul, LTL, refrigerated |
26 | Market Transport Services | $42.0 | $310.0 est |
rail intermodal, LTL, dry van TL, refrigerated |
27 | Matson Logistics | $38.0 | $387.0 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
28 | Knight Transportation | $37.9 | $231.0 est |
rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
29 | Redwood Logistics | $37.5 | $250.0 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul, bulk/tank |
30 | ATS Logistics Services | $37.1 | $244.0 est |
air/expedited, LTL, dry van TL, refrigerated, flatbed/heavy haul |
31 | John J. Jerue Truck Broker | $35.0 | $250.0 est |
NA |
32 | Choptank Transport | $34.0 | $225.0 est |
rail intermodal, LTL, dry van TL, refrigerated |
33 | Patterson Cos. | $33.0 | $195.0 est |
air/expedited, LTL, dry van TL, refrigerated, flatbed/heavy haul |
34 | AFN | $31.0 | $196.0 est |
NA |
35 | Nolan Transportation Group | $30.7 | $196.5 est |
air/expedited (5,136), rail intermodal (12,720), LTL (13,496), dry van TL (77,180), refrigerated (7,166), flatbed/heavy haul (21,404) |
36 | Cornerstone Systems | $29.0 | $254.0 est |
rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
37 | Champion Logistics Group | $27.0 | $71.0 est |
air/expedited, LTL, dry van TL, refrigerated, flatbed/heavy haul, bulk/tank(900), parcel |
38 | Strive Logistics | $26.0 | $176.2 est |
LTL, dry van TL, refrigerated, flatbed/heavy haul |
39 | Integrity Express Logistics | $25.0 | $125.0 est |
dry van TL, refrigerated, LTL, flatbed/heavy haul |
40 | Diversified Transportation Services | $20.0 | $130.0 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul, bulk/tank |
41 | NFI | $20.0 | $219.0 est |
rail intermodal, LTL, dry van TL, refrigerated |
42 | Network FOB | $18.8 | $101.1 est |
dry van TL (20,000), refrigerated (4,100), LTL (6,000), flatbed/heavy haul (25,000) |
43 | MegaCorp Logistics | $18.7 | $112.6 est |
air/expedited (2,489), rail intermodal (1,493), LTL (2,987), dry van TL (17,924), refrigerated (20,912), flatbed/heavy haul (4,481) |
44 | Celadon Group | $18.0 | $123.0 est |
rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
45 | Scott Logistics Corp. | $18.0 | $113.0 est |
rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
46 | Swift Transportation | $15.0 | $100.0 est |
dry van TL (40,000), refrigerated (10,000), flatbed/heavy haul (10,000) |
47 | Triple T Transport | $15.0 | $100.0 est |
dry van TL, refrigerated, LTL |
48 | Global Transport Logistics | $15.0 | $30.0 est |
air/expedited, rail intermodal, LTL, dry van TL, refrigerated |
49 | Genpro Inc. | $14.0 | $130.0 est |
dry van TL, flatbed/heavy haul, LTL, rail intermodal, refrigerated |
50 | MIQ Logistics | $14.0 | $214.0 est |
air/expedited (2,560), rail intermodal (2,895), LTL (381,041), dry van TL (209,395), parcel (13,397) |
51 | Syfan Logistics | $13.4 | $78.7 est |
air/expedited, rail intermodal, dry van TL, refrigerated, flatbed/heavy haul, parcel |
52 | R2 Logistics | $13.0 | $90.5 est |
NA |
53 | Koch Logistics | $12.5 | $85.0 est |
NA |
54 | Bay and Bay Transportation | $12.0 | $71.0 est |
rail intermodal (4,600), LTL (4,800), dry van TL (26,000), refrigerated (4,100), flatbed/heavy haul (3,500) |
55 | TransCorr National Logistics | $11.7 | $73.9 est |
rail intermodal (250), LTL (7,350), dry van TL (74,900), refrigerated (125), flatbed/heavy haul (3,300) |
56 | Ruan | $11.0 | $75.0 est |
rail intermodal (40,782), LTL (45,477), dry van TL (295,803), refrigerated (258,638), flatbed/heavy haul (183,191), bulk/tank (561,792) |
57 | Leonard's Express | $10.7 | $97.4 est |
rail intermodal (920), LTL (15,102), dry van TL (23,047), refrigerated (34,572) |
58 | J.H. Rose Logistics | $10.5 | $70.0 est |
rail intermodal, LTL, dry van TL, refrigerated |
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
Old Dominion Freight Line Q2 Profit Falls 22.3% Year-On-Year
ArcBest Q2 Profit More Than Halves on Weak Demand
ArcBest posted lower earnings and revenue on weaker demand for the second quarter, the Fort Smith, Ark.-based carrier announced July 28.
Amazon to Double Number of Same-Day Delivery Facilities
Amazon.com Inc. will double the number of U.S. same-day delivery facilities in the “coming years,” the company announced July 31.
Yellow Ceases Operations
Less-than-truckload company Yellow shut down operations, ending a nearly 100-year history as one of the nation’s largest carriers, and the company began posting notices at terminals.
Yellow Puts Logistics Division Up for Sale
Yellow Corp. says it is shopping its third-party logistics broker, Yellow Logistics, to raise cash as the less-than-truckload company attempts to remain in business.
New Iowa Truck Road Unveiled at Missouri River Barge
A road partially funded by a $1 million U.S. government grant is enabling farmers to move freight from Interstate 29 directly to Iowa’s Port of Blencoe barge terminal on the Missouri River.
Senators Introduce Trucking Safety Bill
Legislation meant to promote highway safety by setting federal standards that further determine a carrier’s competence was recently introduced in the U.S. Senate.
Ryder Posts Q2 Loss on Market Weakness, UK Exit Charge
Ryder System Inc. posted an $18 million loss in the second quarter of 2023, compared with a profit of $239 million in the year-ago period.
Landstar Records Q2 Earnings Drop but Beats Expectations
Landstar System Inc. posted a year-over-year decline in revenue and earnings during the second quarter of 2023, the company reported July 26.
Strategic Tactics Drive Cargo Theft Rise
The trucking industry has faced an increase in cargo thefts this year, with thieves developing more sophisticated and strategic tactics.