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.
August 2, 2023Sponsored by:
2016 Essential Financial and Operating Information for the 50 largest logistics companies in the U.S. and Canada
Up Front
Learn how to be included in the 2017 Top 50 Logistics Companies listing.
As online sales continue to soar, so have the expectations of consumers for goods to be delivered quickly and cheaply.
Our April 20 LiveOnWeb webcast looked at how online shopping is creating enormous disruption to freight networks and modes of delivery. Plus we looked back at the new TT Top 50 Logistics Companies rankings. Watch the replay.
Rankings
Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Ocean Freight Forwarders
| Rank | Company | Headquarters | Ocean Containers |
|---|---|---|---|
| 1 | Kuehne + Nagel | Switzerland | 3,820,000 |
| 2 | DHL Supply Chain & Global Forwarding | Germany | 2,945,000 |
| 3 | Sinotrans Ltd. | China | 2,790,400 |
| 4 | DB Schenker | Germany | 1,891,000 |
| 5 | Panalpina Inc. | Switzerland | 1,593,900 |
| 6 | Expeditors International of Washington | United States | 1,043,880 |
| 7 | Hellmann Worldwide Logistics | Germany | 888,284 |
| 8 | DSV Air & Sea Ltd. | Denmark | 855,319 |
| 9 | Nippon Express | Japan | 855,002 |
| 10 | Bollore Logistics | France | 835,000 |
| 11 | Kerry Logistics | Hong Kong | 785,600 |
| 12 | Damco/Maersk Logistics | The Netherlands | 744,000 |
| 13 | Geodis | France | 677,465 |
| 14 | Ceva Logistics | France | 642,370 |
| 15 | UPS Supply Chain Solutions | United States | 615,000 |
| 16 | Logwin AG | Luxembourg | 590,000 |
| 17 | Orient Overseas Container Line Ltd. | Hong Kong | 580,000 |
| 18 | Dachser SE | Germany | 568,500 |
| 19 | Yusen Logistics | Japan | 547,000 |
| 20 | Toll Global Forwarding | Australia | 542,000 |
| 21 | LF Logistics | Hong Kong | 540,000 |
| 22 | Agility Logistics | Kuwait | 513,500 |
| 23 | UTi Worldwide | 512,550 | |
| 24 | China Resources Logistics (Group) | Hong Kong | 500,000 |
| 25 | Mallory Alexander International Logistics | United States | 500,000 |
| 26 | C.H. Robinson Worldwide | United States | 485,000 |
| 27 | Kintetsu World Express | Japan | 396,000 |
| 28 | Hitachi Transport System | Japan | 330,000 |
| 29 | CJ Logistics | South Korea | 312,000 |
| 30 | Chinatrans International Logistics | China | 300,000 |
| 31 | Worldwide Logistics Group | China | 300,000 |
| 32 | Mainfreight Ltd. | New Zealand | 251,685 |
| 33 | Zhejiang Jiulong International Logistics | China | 250,000 |
| 34 | Sankyu Inc. | Japan | 247,117 |
| 35 | BDP International | United States | 212,000 |
| 36 | Hercules Logistics Pvt. Ltd. | India | 210,000 |
| 37 | Cargo Services Far East | Hong Kong | 200,000 |
| 38 | Dimerco Express Group | Taiwan | 175,000 |
| 39 | CWT Pte. Ltd. | Singapore | 170,000 |
| 40 | Topocean Group Inc. | United States | 156,000 |
| 41 | MIQ Logistics | United States | 150,000 |
| 42 | De Well Group | China | 150,000 |
| 43 | Long Sail International Logistics | China | 150,000 |
| 44 | NNR Global Logistics | Japan | 140,150 |
| 45 | Integrated Logistics Berhad | Malaysia | 140,000 |
| 46 | Asia Shipping Transportes Internacionais | Brazil | 138,800 |
| 47 | XPO Logistics | United States | 132,000 |
| 48 | APL Logistics | Singapore | 130,000 |
| 49 | Honour Lane Shipping | Hong Kong | 130,000 |
| 50 | Jiangsu Uniwill Logistics Co. | China | 120,000 |
| 51 | Crane Worldwide Logistics | United States | 77,000 |
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
A former Transport Topics editor who worked at Amazon examines the hustle and bustle of the online retailer.
54
On the Bubble
Dupre Logistics
($168 million), Lafayette, La., provides customs brokerage, dedicated contract carriage, freight brokerage, freight payment and auditing, intermodal and drayage, inventory management and packaging, supply chain consulting and transportation management.
Visit our new sector pages for top brokerage firms, warehousing firms, dedicated contract carriers, ocean freight forwarders and airfreight forwarders.
If your company appears in the 2016 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.
Find out where the carriers are by regions and by state in North America with our interactive map.
Logistics News
Business, Logistics, For-Hire
TFI Q2 Profit Dips by More Than 50% on Lower Freight Volumes
Business, Technology, Logistics, Private
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.
August 2, 2023Business, Logistics, TCA
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.
August 2, 2023Business, Logistics, For-Hire
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.
August 1, 2023Government, Business, Safety, Logistics
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.
August 1, 2023Business, Logistics, For-Hire
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.
July 31, 2023Government, Business, Logistics, For-Hire
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.
July 31, 2023Business, Logistics, For-Hire
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.
July 31, 2023Business, Logistics, For-Hire
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.
July 31, 2023Business, Logistics, Private
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.
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