Covenant Logistics Group experienced an increase in revenue but a slight decline in earnings during the second quarter of 2024, the company reported July 24.
July 25, 2024Sponsored by:
2021 Essential Financial and Operating Information for the 50 Largest Logistics Companies in North America
Up Front
The pandemic-driven spike in online shopping has forced firms to adjust operations.
For the 2021 list, we've decided to use a different metric to rank companies.
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 | 4,550,000 |
| 2 | Sinotrans Ltd. | China | 3,770,000 |
| 3 | DHL Supply Chain & Global Forwarding | Germany | 2,832,000 |
| 4 | DSV A/S | Denmark | 2,204,902 |
| 5 | DB Schenker | Germany | 2,042,000 |
| 6 | C.H. Robinson Worldwide | United States | 1,200,000 |
| 7 | Ceva Logistics | France | 1,050,000 |
| 8 | Kerry Logistics | Hong Kong | 1,019,924 |
| 9 | Expeditors International of Washington | United States | 1,012,600 |
| 10 | Hellmann Worldwide Logistics | Germany | 955,800 |
| 11 | Geodis | France | 866,631 |
| 12 | Fr. Meyer's Sohn | Germany | 850,000 |
| 13 | Yusen Logistics | Japan | 764,000 |
| 14 | Bollore Logistics | France | 761,000 |
| 15 | Agility Logistics | Kuwait | 740,000 |
| 16 | Worldwide Logistics Group | China | 707,803 |
| 17 | Logwin AG | Luxembourg | 690,000 |
| 18 | AllCargo Logistics | India | 684,000 |
| 19 | Nippon Express | Japan | 660,152 |
| 20 | OOCL Logistics | Hong Kong | 660,000 |
| 21 | Kintetsu World Express | Japan | 644,464 |
| 22 | Leschaco | Germany | 636,000 |
| 23 | UPS Supply Chain Solutions | United States | 620,000 |
| 24 | Damco/Maersk Logistics | The Netherlands | 577,084 |
| 25 | Cargo Services Far East | Hong Kong | 566,000 |
| 26 | Toll Group | Australia | 527,200 |
| 27 | Dachser SE | Germany | 520,000 |
| 28 | LF Logistics | Hong Kong | 500,000 |
| 28 | China Resources Logistics (Group) | Hong Kong | 500,000 |
| 30 | Hitachi Transport System | Japan | 462,000 |
| 31 | Honour Lane Shipping | Hong Kong | 418,630 |
| 32 | Kingway Transportation Company | China | 400,000 |
| 32 | Mallory Alexander International Logistics | United States | 400,000 |
| 34 | Asia Shipping Transportes Internacionais | Brazil | 391,820 |
| 35 | Mainfreight Ltd. | New Zealand | 337,504 |
| 36 | Long Sail International Logistics | China | 314,173 |
| 37 | Cargo-Partner | Austria | 314,067 |
| 38 | Noatum Logistics | Spain | 307,000 |
| 39 | BDP International | United States | 302,000 |
| 40 | Chinatrans International Logistics | China | 300,000 |
| 41 | Zhejiang Jiulong International Logistics | China | 250,000 |
| 42 | Nissin Corp. | Japan | 230,000 |
| 43 | Dimerco Express Group | Taiwan | 228,934 |
| 44 | De Well Group | China | 195,000 |
| 45 | Sino-Ocean Group | China | 192,000 |
| 46 | Zhejiang Chasen Freight Forwarding | China | 180,000 |
| 47 | CWT Pte. Ltd. | Singapore | 170,000 |
| 47 | Scan Global Logistics A/S | Denmark | 170,000 |
| 49 | EFL | Sri Lanka | 167,312 |
| 50 | CJ Logistics | South Korea | 136,644 |
| 51 | XPO Logistics | United States | 127,200 |
| 52 | Crane Worldwide Logistics | United States | 125,000 |
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
Evan Armstrong breaks down how COVID-19 challenged companies in 2020.
54
On the Bubble
Seko Logistics
($800 million), Itasca, Ill., provides air and ocean freight forwarding, custom brokerage, freight brokerage, inventory management and packaging, order fulfillment, supply chain consulting, transportation management and warehousing and distribution.
If your company appears on the 2021 list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.
Learn more about Transport Topics' Top 50 Logistics Companies publication.
Logistics News
Business, Logistics, For-Hire
Covenant Logistics Reports Nearly 5% Revenue Rise for Q2
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Gordie Howe International Bridge Links Detroit to Windsor
DETROIT — The U.S. and Canadian sides of the Gordie Howe International Bridge have been connected, marking the bridge as an official border crossing.
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Union Pacific Profit Grows 7%
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The busiest land border crossing between the U.S. and Mexico now has an advanced X-ray machine that is intended to help more efficiently move commercial truck traffic through the facility.
July 24, 2024Business, Logistics, For-Hire, Global Freight
UPS Discusses Acquisition of Parcel Carrier in Mexico
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House Passes Biennial Water Resources Development Act
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An evolving concept to address the issue of final-mile delivery is the urban delivery hub.
July 23, 2024Business, Logistics, Breaking News
ATA Reports Dip in Truck Tonnage for June
The trucking industry continued the trend of year-over-year tonnage losses in June after a brief increase the prior month, American Trucking Associations reported July 23.
July 23, 2024Business, Technology, Logistics, Autonomous
C.H. Robinson Launches AI-Leveraged Load-Matching Platform
C.H. Robinson Worldwide Inc. launched a new load-matching platform aimed at helping carriers improve efficiency, the company announced July 18.
July 22, 2024Government, Business, Logistics
Illinois Offering Written CDL Tests in Spanish
Illinois is the latest state to offer commercial driver license applicants a written test in Spanish to get more drivers on the road.
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