The company's results missed expectations from investment analysts on Wall Street, who had been looking for earnings per share of 23 cents and quarterly revenue of $1.33 billion.
November 6, 2024Logistics 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 | 4,053,000 |
2 | DHL Supply Chain & Global Forwarding | Germany | 3,059,000 |
3 | Sinotrans Ltd. | China | 2,801,300 |
4 | DB Schenker | Germany | 1,952,600 |
5 | Panalpina Inc. | Switzerland | 1,488,500 |
6 | DSV A/S | Denmark | 1,305,594 |
7 | Expeditors International of Washington | United States | 1,044,116 |
8 | Hellmann Worldwide Logistics | Germany | 902,260 |
9 | Bollore Logistics | France | 844,000 |
10 | Kerry Logistics | Hong Kong | 785,600 |
11 | Damco/Maersk Logistics | The Netherlands | 744,000 |
12 | Geodis | France | 690,000 |
13 | Ceva Logistics | France | 681,600 |
14 | Yusen Logistics | Japan | 633,056 |
15 | UPS Supply Chain Solutions | United States | 600,000 |
16 | Logwin AG | Luxembourg | 600,000 |
17 | Orient Overseas Container Line Ltd. | Hong Kong | 600,000 |
18 | LF Logistics | Hong Kong | 550,000 |
19 | Nippon Express | Japan | 550,000 |
20 | Toll Global Forwarding | Australia | 542,000 |
21 | Agility Logistics | Kuwait | 513,500 |
22 | China Resources Logistics (Group) | Hong Kong | 500,000 |
23 | Mallory Alexander International Logistics | United States | 500,000 |
24 | C.H. Robinson Worldwide | United States | 485,000 |
25 | Kintetsu World Express | Japan | 463,000 |
26 | Dachser SE | Germany | 462,700 |
27 | Hitachi Transport System | Japan | 430,000 |
28 | CJ Logistics | South Korea | 415,019 |
29 | Worldwide Logistics Group | China | 412,300 |
30 | Sankyu Inc. | Japan | 402,531 |
31 | Chinatrans International Logistics | China | 300,000 |
32 | Mainfreight Ltd. | New Zealand | 267,144 |
33 | Zhejiang Jiulong International Logistics | China | 250,000 |
34 | BDP International | United States | 242,000 |
35 | Dimerco Express Group | Taiwan | 220,200 |
36 | Hercules Logistics Pvt. Ltd. | India | 210,000 |
37 | Cargo Services Far East | Hong Kong | 200,000 |
38 | CWT Pte. Ltd. | Singapore | 170,000 |
39 | Topocean Group Inc. | United States | 156,000 |
40 | Crane Worldwide Logistics | United States | 151,271 |
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 | 146,278 |
45 | Integrated Logistics Berhad | Malaysia | 140,000 |
46 | APL Logistics | Singapore | 136,000 |
47 | XPO Logistics | United States | 131,500 |
48 | Honour Lane Shipping | Hong Kong | 130,000 |
49 | Jiangsu Uniwill Logistics Co. | China | 120,000 |
50 | Everlink International Logistics | China | 110,000 |
51 | TransGroup Global Logistics | United States | 105,000 |
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
Schneider Q3 Revenue, Profit Decline in Weak Freight Market
N.Y. to Give $21.6M for Dairy Supply Chain, Milk Tankers
Gov. Kathy Hochul unveiled the grant program in her 2024 State of the State address as a response to mounting challenges facing dairy farmers.
I-40 Between N.C. and Tennessee Could Reopen by Jan. 1
Interstate 40 may reopen between North Carolina and Tennessee by New Year’s Day, according to the North Carolina Department of Transportation.
Lineage Prepares for First Post-IPO Earnings Report
Wall Street expects the company to report $1.3 billion in revenue and an adjusted diluted loss per share of $1.73 for the quarter that ended in September.
GXO Reports 28% Revenue Jump for Q3
GXO Logistics experienced a 28% jump in revenue as its operations built momentum in the third quarter, the company reported Nov. 5.
North Carolina Deploys Surplus Goods to Aid Storm Recovery
Gov. Roy Cooper has issued two executive orders to aid recovery efforts in the state — one to expedite distribution of surplus goods, and another to waive motor vehicle requirements.
Forward Air Revenue Soars 92%; Net Loss Hits $34M
The Tennessee-based ground transportation and logistics services provider posted a net loss of $34.2 million, or negative $2.62 a diluted share, for the three months ending Sept. 30.
US Taps California for CHIPS for America R&D Facility
Sunnyvale, Calif., will host both a research and development semiconductor facility and serve as joint headquarters for Natcast and the National Semiconductor Technology Center.
Dockworker Lockout Begins at Canada’s Largest Ports
Dock employers in British Columbia shut out workers Nov. 4 after a union’s strike notice, bringing trade to a halt across Canada’s busiest and third-busiest ports.
US South Set to Surpass Canada in Lumber Production
The shift reflects how a key Canadian resource sector has declined due to U.S. duties and other challenges, including wildfires, land-use regulation and insect infestations.