Swift Transportation reversed course after reporting third-quarter earnings were up 4.7% year-over-year to $38 million on Oct. 24, lowering the number to $24 million, or a 34% decline lower than a year ago.
November 1, 2016![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 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 | Nippon Express | Japan | 550,000 |
19 | LF Logistics | Hong Kong | 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.
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Extras
On the Bubble
Swift Lowers Earnings Based on Pending Class-Action Lawsuit
World’s Biggest Shipping Company Wants More Mergers
Top Japanese Shipping Lines to Merge Container Businesses
Japan’s three biggest shippers agreed to combine their container operations to create the world’s sixth-largest box carrier, as the industry steps up consolidation this year amid a global turmoil in the sea-cargo business.
NFI Industries CEO Steps Down From Sun National Bank Board
NFI Industries CEO Sidney Brown will be stepping down as the chairman of the board at Sun National Bank, effective Dec. 31.
October 28, 2016XPO Logistics Sells Truckload Business to TransForce for $558 Million
XPO Logistics has sold the Con-way Inc. truckload business to TransForce Inc. for $558 million in cash, a move that involved negotiations between two of the Top 10 companies on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
Net Income Falls at Hub Group, Echo
Hub Group Inc. and Echo Global Logistics Inc. reported weaker third-quarter earnings as pressure on profit margins continued to hurt results in the sector.
October 26, 2016Norfolk Southern Sole US Railroad to Report Higher Third-Quarter Earnings
Norfolk Southern Corp. became the only U.S. railroad to report higher third quarter earnings, improving net income 2% to $460 million, or $1.55 per share, as cost reductions of 10% outpaced a decline in revenue.
October 26, 2016Logistics Firms Sunteck Transport Group, TTS Announce Merger
Logistics service providers Sunteck Transport Group and TTS have agreed to merge, a deal that continues a consolidation trend in the industry.
October 26, 2016Consumer Confidence Retreated More Than Forecast in October
Consumer confidence declined more than forecast in October, as households became less upbeat about the economy and labor market, figures from the New York-based Conference Board showed Oct. 25.
Swift Transportation Profits Rise in Third Quarter
Swift Transportation reported profits were up 4.7%, one of the few bright spots so far in the industry for the third quarter, and the company said it was the result of cutting expenses to deal with the challenging truckload environment.
October 24, 2016