Covenant Logistics Group Inc. reported a year-over-year decrease in revenue and earnings during the second quarter of 2023, the company reported July 26.
July 27, 2023Sponsored 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.
51
On the Bubble
Neovia Logistics
($835 million), Irving, Texas, provides order fulfillment, returned goods management, 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
Covenant Reports Revenue, Earnings Decline for Q2
Business, Logistics
Union Pacific Brings Back Jim Vena as CEO
OMAHA, Neb. — Union Pacific on July 26 hired Jim Vena as CEO as the company cut its outlook after reporting disappointing results driven by weakening consumer demand and higher labor costs.
July 26, 2023Government, Business, Logistics
AAPA CEO Connor to Retire Oct. 1 After Four Years at Helm
American Association of Port Authorities CEO Chris Connor announced he is retiring effective Oct. 1.
July 26, 2023Business, Logistics
CN Railway Reports Q2 Revenue Down 7%
Canadian National Railway Co. reported revenue of C$4.06 billion ($3.1 billion) in the second quarter, down 7% and missing analysts’ estimates.
July 25, 2023Business, Logistics, Breaking News, For-Hire
UPS, Teamsters Reach Agreement on New Contract
UPS and the Teamsters have reached a tentative five-year collective bargaining agreement that covers more than 340,000 workers, the company and the union announced in separate statements.
July 25, 2023Government, Business, Safety, Logistics
Kentucky Waives HOS Limits to Aid Storm Relief Efforts
Kentucky issued a temporary emergency order waiving federal hours-of-service rules and weigh station requirements through Aug. 18 for truckers assisting with storm relief efforts.
July 25, 2023Business, Logistics, For-Hire
FedEx Pilots Reject Proposed Multiyear Contract
Union pilots who fly for FedEx announced on July 24 the rejection of a proposed multiyear contract from the company, with 57% of members voting against the deal.
July 24, 2023Business, Logistics
GSC Logistics Acquires Transloading Firm MacMillan-Piper
Third-party logistics provider GSC Logistics Inc. has expanded service capabilities by acquiring transloading company MacMillan-Piper, the company announced July 24.
July 24, 2023Business, Logistics, For-Hire, TCA
Companies That Ship With UPS Develop Contingencies
Some large retailers and other companies across the country are warning customers of potential delivery delays if there is a UPS strike.
July 24, 2023Business, Logistics, For-Hire
Knight-Swift Reports 71% Earnings Drop for Q2
Knight-Swift Transportation Holdings Inc. on July 20 reported that earnings dropped 71% year-over-year in the second quarter.
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