Investors should keep their expectations about Tesla Inc.’s ability to operate profitably in China “very low,” Morgan Stanley analyst Adam Jonas wrote in a note, adding that he’s cautious about the country’s role in the carmaker’s long-term strategy and fundamental value.
March 6, 2019![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 Logistics Freight Brokerage
Rank | Company | Net Revenue (Millions) | Gross Revenue (Millions) | Types of Freight |
---|---|---|---|---|
1 | C.H. Robinson Worldwide | $1,524.0 | $8,738.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
2 | Total Quality Logistics | $465.0 | $2,321.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
3 | XPO Logistics | $361.4 | $2,154.4 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
4 | Echo Global Logistics | $319.0 | $1,716.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
5 | UPS Supply Chain Solutions | $305.0 | $2,360.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
6 | Landstar System | $258.0 | $1,553.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
7 | WWEX Group | $200.0 | $750.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, parcel |
8 | Sunteck TTS | $165.0 | $900.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
9 | Crane Worldwide Logistics | $155.0 | $399.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, bulk/tank |
10 | Hub Group | $125.0 | $948.0 est |
rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
11 | J.B. Hunt Transport Services | $122.0 | $851.0 est |
air expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
12 | BNSF Logistics | $114.0 | $572.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
13 | GlobalTranz Enterprises | $107.0 | $551.0 est |
air/expedited (16,000), LTL (1,230,000), dry van truckload (180,000) |
14 | Yusen Logistics | $105.0 | $830.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, parcel |
15 | England Logistics | $82.7 | $406.0 est |
rail intermodal (1,809), LTL (73,261), dry van truckload (62,471), refrigerated (33,221), flatbed/heavy haul (7,075), parcel (681,165) |
16 | KAG Logistics | $79.8 | $130.0 est |
bulk/tank (781,646) |
17 | Uber Freight/Transplace Inc. | $77.0 | $570.0 est |
air/expedited (3,847), rail intermodal (213,677), LTL (2,087,040), dry van truckload (1,836,826), refrigerated (182,938), flatbed/heavy haul (418,713), bulk/tank (345,333), parcel (7,958,083) |
18 | Werner Enterprises | $71.0 | $417.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
19 | Unishippers Global Logistics | $70.4 | $341.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
20 | Allen Lund Co. | $70.4 | $425.0 est |
air/expedited (100), rail intermodal (2,000), LTL (77,000), dry van truckload (148,000), refrigerated (87,698), flatbed/heavy haul (5,185) |
21 | Kuehne + Nagel Americas | $70.0 | $490.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
22 | Trinity Logistics | $62.2 | $364.0 est |
air/expedited (171), rail intermodal (4,485), LTL (58,693), dry van truckload (93,994), refrigerated (39,748), flatbed/heavy haul (67,238), bulk/tank (6,852) |
23 | PLS Logistics Services | $55.0 | $541.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
24 | Matson Logistics | $50.0 | $390.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
25 | Nolan Transportation Group | $42.2 | $279.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
26 | FLS Transportation Services | $40.0 | $260.0 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
27 | ATS Logistics Services | $38.3 | $255.0 est |
air/expedited, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
28 | Redwood Logistics | $37.8 | $240.0 est |
air/expedited (1,000), rail intermodal (10,000), LTL (15,000), dry van truckload (160,000), refrigerated (18,000), flatbed/heavy haul (9,000), parcel (7,500) |
29 | Knight Transportation | $35.5 | $218.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
30 | Choptank Transport | $34.0 | $225.0 est |
rail intermodal, LTL, dry van truckload, refrigerated |
31 | Patterson Cos. | $33.0 | $195.0 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
32 | AFN | $33.0 | $209.0 est |
rail intermodal, dry van truckload, LTL |
33 | BlueGrace Logistics | $29.7 | $188.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
34 | Cornerstone Systems | $29.0 | $252.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
35 | Radiant Logistics | $27.3 | $180.0 est |
LTL, dry van truckload, refrigerated |
36 | Champion Logistics Group | $27.0 | $71.0 est |
air/expedited, LTL, dry van truckload, refrigerated |
37 | Strive Logistics | $26.0 | $140.0 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
38 | NFI | $26.0 | $201.0 est |
rail intermodal, LTL, dry van truckload, refrigerated |
39 | Integrity Express Logistics | $22.7 | $150.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
40 | MegaCorp Logistics | $20.7 | $124.0 est |
air/expedited, rail intermodal, LTL, dry van truckload. refrigerated, flatbed/heavy haul |
41 | Diversified Transportation Services | $20.0 | $130.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
42 | Scott Logistics Corp. | $18.0 | $113.0 est |
rail intermodal, LTL, dry van truckload, refrigerated |
43 | Celadon Group | $18.0 | $123.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
44 | Johanson Transportation Service | $18.0 | $140.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
45 | Ruan | $16.0 | $110.0 est |
rail intermodal (42,833), LTL (114,685), dry van truckload (351,104), refrigerated (254,451), flatbed/heavy haul (182,703), bulk/tank (493,129) |
46 | Triple T Transport | $15.0 | $100.0 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
47 | Blue Ribbon Transport | $15.0 | $102.0 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
48 | Swift Transportation | $15.0 | $100.0 est |
dry van truckload, refrigerated, flatbed/heavy haul |
49 | Watco Logistics | $15.0 | $64.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed |
50 | Genpro Inc. | $14.0 | $130.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
51 | Syfan Logistics | $13.4 | $78.7 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
52 | MIQ Logistics | $13.0 | $189.0 est |
air/expedited (2,500), rail intermodal (2,900), LTL (385,000), dry van truckload (210,000) |
53 | LoadDelivered | $13.0 | $87.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
54 | R2 Logistics | $13.0 | $90.5 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
55 | Koch Logistics | $12.5 | $85.0 est |
dry van truckload, LTL |
56 | ITS Logistics | $12.0 | $70.0 est |
rail intermodal, LTL, dry van truckload |
57 | Leonard's Express | $11.8 | $100.0 est |
rail intermodal (1,500), LTL (14,400), dry van truckload (43,200), refrigerated (93,500) |
58 | ROAR Logistics | $11.0 | $70.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
59 | Bay and Bay Transportation | $11.0 | $72.5 est |
rail intermodal (8,500), LTL (5,000), dry van truckload (33,000) |
60 | TransCorr National Logistics | $10.8 | $67.1 est |
LTL (6,800), dry van truckload (68,300), flatbed/heavy haul (4,000) |
61 | J.H. Rose Logistics | $10.5 | $70.0 est |
rail intermodal, LTL, dry van truckload, refrigerated |
62 | D&L Transport | $10.4 | $70.6 est |
rail intermodal (100), LTL (2,400), dry van truckload (15,000), refrigerated (18,000), flatbed/heavy haul (15,000) |
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.
![Armstrong and Associates Logo](/sites/default/files/images/logos/tt50-armstrong2016.jpg)
Extras
On the Bubble
Tesla Probably Can’t Make Money in China, Morgan Stanley Says
GM’s Cruze-Producing Ohio Plant Goes Idle
A sprawling General Motors assembly plant near Youngstown, Ohio, will be idled March 6 after more than 50 years producing cars and other vehicles, a move that will eliminate nearly 1,700 hourly positions by month’s end.
Maryland, CSX Apply Again for Federal Funding for Baltimore Tunnel Project
Maryland and CSX Transportation have submitted another application for federal money to heighten the Howard Street Tunnel in Baltimore so it can fit shipping containers stacked two high on freight trains — a project long sought by the Port of Baltimore, officials announced March 4.
Target Soars as Rosy Full-Year Outlook Follows Brisk Holiday Sales
Target Corp. jumped the most in more than two months as it followed up strong holiday sales with upbeat projections for the current year, distancing itself from the travails of mall-based department stores.
Trump Plans to End Key Trade Preferences for India, Turkey
President Donald Trump announced plans to end key trade preferences for India and Turkey, in the latest move by the United States to counter what it calls unfair trade practices.
Musk Blindsided Tesla Staff With Store Wind Down, Sources Say
Tesla Inc. CEO Elon Musk caught many employees by surprise with his announcement last week that the electric-car maker would close most stores and shift to online-only sales, according to three people familiar with the matter.
US Indefinitely Delays Increased Tariffs on Chinese Goods
The United States has confirmed the country is postponing “until further notice” a scheduled tariff increase on Chinese goods, the latest sign that the world’s two largest economies could be headed toward a de-escalation of their trade dispute.
Tesla’s Elon Musk Touts Model Y Event as Questions About Company Linger
Elon Musk said March 3 that Tesla will unveil its Model Y crossover in less than two weeks, as questions about store closures, employee layoffs and demand in the wake of waning U.S. federal tax credits threaten the company’s growth narrative.
Parcel Pro Partners With Jewelry Manufacturing Group to Ship Luxury Goods
Parcel Pro, a UPS Capital company, has partnered with Manufacturing Jewelers and Suppliers of America to provide MJSA premier members access to technology and insured shipping at a time when e-commerce is causing sales of luxury goods to boom, according to a company news release.
March 4, 2019Trade Deal That Would Lift US Tariffs on Chinese Goods Said to Be Near
The United States and China are close to a trade deal that could lift most or all U.S. tariffs as long as Beijing follows through on pledges ranging from better protecting intellectual-property rights to buying a significant amount of American products, two people familiar with the discussions said.