Shippers are in the driver’s seat as spot and contract rates continue to soften, but industry analysts said rates likely will stabilize throughout 2023.
December 29, 2022Logistics 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 | 4,861,000 |
2 | Sinotrans Ltd. | China | 3,740,000 |
3 | DHL Supply Chain & Global Forwarding | Germany | 3,207,000 |
4 | DB Schenker | Germany | 2,260,000 |
5 | DSV A/S | Denmark | 1,907,126 |
6 | Kerry Logistics | Hong Kong | 1,325,000 |
7 | Expeditors International of Washington | United States | 1,125,137 |
8 | C.H. Robinson Worldwide | United States | 1,000,000 |
9 | Hellmann Worldwide Logistics | Germany | 955,800 |
10 | Fr. Meyer's Sohn | Germany | 850,000 |
11 | Bollore Logistics | France | 839,000 |
12 | Yusen Logistics | Japan | 815,000 |
13 | Geodis | France | 798,137 |
14 | Ceva Logistics | France | 786,600 |
15 | Agility Logistics | Kuwait | 740,000 |
16 | Nippon Express | Japan | 703,061 |
17 | Kintetsu World Express | Japan | 700,043 |
18 | Logwin AG | Luxembourg | 690,000 |
19 | AllCargo Logistics | India | 684,000 |
20 | OOCL Logistics | Hong Kong | 650,000 |
21 | Leschaco | Germany | 636,000 |
22 | Worldwide Logistics Group | China | 630,218 |
23 | UPS Supply Chain Solutions | United States | 620,000 |
24 | Damco/Maersk Logistics | The Netherlands | 577,084 |
25 | Cargo Services Far East | Hong Kong | 556,000 |
26 | Dachser SE | Germany | 536,900 |
27 | Toll Group | Australia | 533,600 |
28 | LF Logistics | Hong Kong | 500,000 |
28 | China Resources Logistics (Group) | Hong Kong | 500,000 |
30 | Honour Lane Shipping | Hong Kong | 418,630 |
31 | Mallory Alexander International Logistics | United States | 400,000 |
31 | Kingway Transportation Company | China | 400,000 |
33 | Mainfreight Ltd. | New Zealand | 342,741 |
34 | Cargo-Partner | Austria | 314,067 |
35 | CJ Logistics | South Korea | 309,851 |
36 | BDP International | United States | 302,000 |
37 | Chinatrans International Logistics | China | 300,000 |
38 | Noatum Logistics | Spain | 289,100 |
39 | Hitachi Transport System | Japan | 260,000 |
40 | Zhejiang Jiulong International Logistics | China | 250,000 |
41 | Nissin Corp. | Japan | 230,000 |
42 | Dimerco Express Group | Taiwan | 225,800 |
43 | De Well Group | China | 210,000 |
44 | EFL | Sri Lanka | 201,958 |
45 | Odyssey Logistics & Technology | United States | 200,000 |
46 | Horizon Air Freight | United States | 200,000 |
47 | Asia Shipping Transportes Internacionais | Brazil | 195,000 |
48 | Sino-Ocean Group | China | 192,000 |
49 | Zhejiang Chasen Freight Forwarding | China | 180,000 |
50 | CWT Pte. Ltd. | Singapore | 170,000 |
51 | Topocean Group Inc. | United States | 156,000 |
52 | Long Sail International Logistics | China | 150,000 |
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
Shippers Remain in Control of Rates, but 2023 Could Bring Balance
Ascend Adds Georgia Terminal
Ascend — a dry van, full truckload carrier that offers middle-mile supply chain solutions — announced it acquired a new terminal in McDonough, Ga.
December 29, 2022New Pocket Guide Includes Key Transportation Metrics
A 72-page “Pocket Guide to Transportation 2023” from the federal government is available online and in print with key statistical data and highlights of major national transportation data trends.
DOT Gets Funding Increase in $1.7 Trillion Federal Budget
The spending budget for the federal government’s fiscal 2023 includes an increase in funding for the Department of Transportation that is higher than the level requested by the White House.
Shipping Insurers Back Off of Russia-Ukraine Trade
A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a further sign of the industry’s growing concerns about losses stemming from the conflict.
Freight Trends Continue to Affect Driver Recruitment
The trucking industry likely will see a continued slowdown in driver recruitment efforts as freight demand continues to normalize in 2023.
Arizona’s Cross-Border Project Gets $8.9 Million State Grant
Arizona’s governor has allocated $8.9 million to help modernize the port of entry in Douglas, where a new commercial one is being built to bolster the state’s trade with Mexico.
Amazon Builds Last-Mile Shipping Facility in Montana
Amazon .com Inc. is creating its first big foothold in Montana with a last-mile shipping delivery facility for the entire state, Gov. Greg Gianforte announced Dec. 16.
Five States Extend Driving Hours for Heating Fuel Deliveries
Colorado, North and South Dakota, Utah and Wyoming have declared temporary emergency exemptions of federal driving hours for deliveries of heating fuel.
White House Envoy Stephen Lyons Says Supply Chain Closing 2022 in Better Shape
White House Supply Chain Envoy Stephen Lyons says the nation’s supply chain is ending 2022 in a much better position than a year ago.