Real economic activity in the U.S. is slowing sharply. This is showing up in lower demand for new trucks and autos, and a tailing off in freight volumes, leaving transport stocks facing more downside.
April 13, 2022![Image](/sites/default/files/images/logos/top_50_logistics_3.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 | 4,690,000 |
2 | Sinotrans Ltd. | China | 3,360,300 |
3 | DHL Supply Chain & Global Forwarding | Germany | 3,225,000 |
4 | DB Schenker | Germany | 2,219,000 |
5 | Panalpina Inc. | Switzerland | 1,484,100 |
6 | DSV A/S | Denmark | 1,442,348 |
7 | Kerry Logistics | Hong Kong | 1,196,607 |
8 | Expeditors International of Washington | United States | 1,167,820 |
9 | C.H. Robinson Worldwide | United States | 1,000,000 |
10 | Hellmann Worldwide Logistics | Germany | 901,698 |
11 | Bollore Logistics | France | 864,000 |
12 | Fr. Meyer's Sohn | Germany | 850,000 |
13 | Ceva Logistics | France | 786,600 |
14 | LF Logistics | Hong Kong | 778,796 |
15 | Geodis | France | 777,675 |
16 | Yusen Logistics | Japan | 774,822 |
17 | Agility Logistics | Kuwait | 710,000 |
18 | Nippon Express | Japan | 686,206 |
19 | Kintetsu World Express | Japan | 663,915 |
20 | OOCL Logistics | Hong Kong | 646,000 |
21 | Damco/Maersk Logistics | The Netherlands | 639,132 |
22 | UPS Supply Chain Solutions | United States | 600,000 |
23 | Logwin AG | Luxembourg | 600,000 |
24 | Worldwide Logistics Ltd. | China | 580,325 |
25 | Hitachi Transport System | Japan | 532,000 |
26 | Dachser SE | Germany | 522,300 |
27 | Toll Global Forwarding | Australia | 503,400 |
28 | China Resources Logistics (Group) | Hong Kong | 500,000 |
29 | Honour Lane Shipping | Hong Kong | 447,846 |
30 | Mallory Alexander International Logistics | United States | 400,000 |
31 | Kingway Transportation Company | China | 400,000 |
32 | Cargo-Partner | Austria | 314,067 |
33 | Mainfreight Ltd. | New Zealand | 311,586 |
34 | BDP International | United States | 302,000 |
35 | Chinatrans International Logistics | China | 300,000 |
36 | CJ Logistics | South Korea | 279,802 |
37 | Zhejiang Jiulong International Logistics | China | 250,000 |
38 | Dimerco Express Group | Taiwan | 241,300 |
39 | Nissin Corp. | Japan | 215,000 |
40 | De Well Group | China | 210,000 |
41 | Cargo Services Far East | Hong Kong | 200,000 |
42 | Sino-Ocean Group | China | 192,000 |
43 | Zhejiang Chasen Freight Forwarding | China | 180,000 |
44 | CWT Pte. Ltd. | Singapore | 170,000 |
45 | NNR Global Logistics | Japan | 167,100 |
46 | EFL | Sri Lanka | 164,495 |
47 | Topocean Group Inc. | United States | 156,000 |
48 | Long Sail International Logistics | China | 150,000 |
49 | Noatum Logistics | Spain | 141,000 |
50 | TransGroup Global Logistics | United States | 140,200 |
51 | OIA Global | United States | 130,000 |
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
Shipping Slowdown Exposes Vulnerability of US Economic Growth
DHL Transport Chief Sees ‘So Much Strength’ in US Economy
The U.S. economy is strong enough to avoid a sharp downturn, even as concerns are growing about how long consumers can sustain healthy spending levels amid rising inflation, the head of transportation at Deutsche Post AG’s DHL supply chain division said.
Texas Ag Commissioner Blasts Governor’s Border Crackdown
Texas Agriculture Commissioner Sid Miller blasted Gov. Greg Abbott’s “catastrophic” crackdown on cross-border trucking and warned it will lead to food shortages in the second-largest U.S. state.
April 13, 2022Mexican Truckers Halt Bridge Traffic Following Texas Inspection Mandate
PHARR, Texas — Just four days after the Texas Department of Public Safety began implementing a program to inspect all commercial traffic crossing the Texas-Mexico border, Mexican truck drivers staged a protest that halted all traffic into and out of Mexico at the Pharr-Reynosa International Bridge on April 11.
Union Pacific Will Limit Traffic to Clear Clogged Rail Lines
Union Pacific Corp. plans to limit customer-owned railcars on its network beginning next week to ease traffic jams that have gummed up the supply chain.
Perspective: Leveraging the Power of Hybrid Work
Remote work can open trucking and logistics companies up to talent from new markets and people.
Flexibility Key to Addressing Supply Chain Delays, 3PLs Say
SAN DIEGO — Closer collaboration and a willingness to find different ways to move freight are among the ways that third-party logistics providers have been navigating the supply chain disruptions, delays and scarce capacity that have characterized the past two years.
R.I. Truckers Back $46 Million Plan to Upgrade Commercial Fishing Port
The Rhode Island Trucking Association backs the governor’s request to invest $46 million to add decades to the life of a major East Coast commercial fishing hub in the Port of Galilee while improving freight movements.
3PLs Can Strengthen Partnerships, Advocate for Industry, TIA Leaders Say
SAN DIEGO — At a time when supply chain challenges are in the national spotlight, third-party logistics providers have a unique opportunity to advocate for their businesses and forge stronger relationships with their shipper customers and carrier partners, 3PL industry leaders said.
UST Promotes Kevin Dietrich
UST Logistical Systems announced the promotion of Kevin Dietrich to executive president. In his new role, Dietrich will be responsible for all divisions and their financial performance.
April 8, 2022