Profits at UPS fell year-over-year in the second quarter as the parcel carrier lost more business to rivals than expected due to uncertainty surrounding negotiations with the Teamsters.
August 8, 2023Sponsored by:
2019 Essential Financial and Operating Information for the 50 Largest Logistics Companies in North America
Up Front
Evan Armstrong breaks down how logistics segments performed in 2018.
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 | 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 |
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
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55
On the Bubble
Radiant Logistics
($202 million), Bellevue, Wash., provides air and ocean freight forwarding, custom brokerage, freight brokerage, intermodal and drayage, inventory management and packaging, order fulfillment, returned goods management, transportation management and warehousing and distribution.
Learn more about Transport Topics’ Top 50 Logistics Companies publication.
Logistics News
Business, Logistics, For-Hire
UPS Lost More Business Than Expected on Strike Threat
Government, Business, Safety, Logistics
Kentucky Begins $30 Million Road Project at Owensboro Port
Kentucky Gov. Andy Beshear joined state officials in breaking ground on a $30 million highway expansion project for the Owensboro Riverport Authority.
August 7, 2023Government, Business, Logistics
Cargo Airline Western Global Goes Bankrupt
Florida-based Western Global Airlines filed for bankruptcy protection with plans to slash its debt load after the cargo airline faced a cash crunch.
August 7, 2023Business, Logistics, Private
Tyson Foods to Close Four Chicken Processing Plants
Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs.
August 7, 2023Business, Logistics, For-Hire
XPO Reports Q2 Income, Revenue Decline
XPO saw second-quarter net income and revenue decline, but the company sees momentum headed into the third quarter.
August 4, 2023Business, Logistics
Canada’s Titanium Transportation Buys Georgia’s Crane
Titanium Transportation Group acquired Oakwood, Ga.-based Crane Transport to drive growth of the Canadian company’s U.S. logistics business, it said.
August 4, 2023Government, Business, Logistics, For-Hire
Yellow Closure Reshuffles LTL Sector
Less-than-truckload carrier Yellow Corp.'s ceasing of operations on July 30 after nearly 100 years in business is causing an upheaval for both its customers and the broader LTL market.
August 3, 2023Business, Logistics, For-Hire
Schneider Sees Drop in Q2 Earnings
Schneider National on Aug. 3 announced that both income and revenue fell during the second quarter.
August 3, 2023Business, Logistics
GXO Beats Wall Street Predictions, Boosts Q2 Profit 27%
GXO Logistics, the contract logistics provider that was spun off two years ago from its parent company XPO, reported stronger-than-expected second-quarter results on Aug. 2.
August 3, 2023Business, Equipment, Logistics, For-Hire
Schneider Acquires M&M Transport
Schneider National Inc. announced that it is acquiring dedicated contract carrier M&M Transport Services.
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