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, 2023Up Front
Battling supply chain, freight capacity issues, logistics providers demonstrate the value they bring to their business partners
As the 3PL industry continues to grow, so does our ranking of North America’s largest logistics companies, now at 100
Find out where the Top 100 Logistics companies are located by region; click links to view details about the company
Rankings
Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Ocean Freight Forwarders
| Rank | Company | Headquarters | Ocean Containers |
|---|---|---|---|
| 1 | Kuehne + Nagel | Switzerland | 4,613,000 |
| 2 | Sinotrans Ltd. | China | 3,750,000 |
| 3 | DHL Supply Chain & Global Forwarding | Germany | 3,142,000 |
| 4 | DSV A/S | Denmark | 2,900,000 |
| 5 | DB Schenker | Germany | 2,215,000 |
| 6 | LX Pantos | South Korea | 1,658,000 |
| 7 | C.H. Robinson Worldwide | United States | 1,500,000 |
| 8 | Ceva Logistics | France | 1,269,000 |
| 9 | Kerry Logistics | Hong Kong | 1,229,298 |
| 10 | Expeditors International of Washington | United States | 1,047,725 |
| 11 | CTS International Logistics | China | 1,021,007 |
| 12 | Hellmann Worldwide Logistics | Germany | 905,100 |
| 13 | Geodis | France | 900,866 |
| 14 | Fr. Meyer's Sohn | Germany | 850,000 |
| 15 | Worldwide Logistics Group | China | 840,060 |
| 16 | Bollore Logistics | France | 826,000 |
| 17 | OOCL Logistics | Hong Kong | 750,000 |
| 18 | Nippon Express | Japan | 747,624 |
| 19 | Yusen Logistics | Japan | 723,000 |
| 20 | Logwin AG | Luxembourg | 715,000 |
| 21 | AllCargo Logistics | India | 684,000 |
| 22 | Kintetsu World Express | Japan | 640,063 |
| 23 | UPS Supply Chain Solutions | United States | 620,000 |
| 24 | Savino Del Bene | Italy | 602,500 |
| 25 | Cargo Services Far East | Hong Kong | 600,000 |
| 26 | Dachser SE | Germany | 530,000 |
| 27 | Toll Group | Australia | 523,300 |
| 28 | Honour Lane Shipping | Hong Kong | 507,886 |
| 29 | Hitachi Transport System | Japan | 441,000 |
| 30 | Asia Shipping Transportes Internacionais | Brazil | 421,965 |
| 31 | Long Sail International Logistics | China | 360,000 |
| 32 | Mainfreight Ltd. | New Zealand | 347,638 |
| 33 | Seko Logistics | United States | 340,000 |
| 34 | Alonso Forwarding | Spain | 306,090 |
| 35 | Clasquin | France | 272,228 |
| 36 | EFL | Sri Lanka | 270,553 |
| 37 | AWOT Global Logistics Group | China | 250,310 |
| 38 | Scan Global Logistics A/S | Denmark | 245,000 |
| 39 | Dimerco Express Group | Taiwan | 239,112 |
| 40 | Nissin Corp. | Japan | 205,000 |
| 41 | A. Hartrodt | Germany | 180,000 |
| 42 | NNR Global Logistics | Japan | 169,687 |
| 43 | Gebrüder Weiss | Austria | 141,000 |
| 44 | TVS Supply Chain Solutions | India | 140,000 |
| 45 | Maersk Logistics | Denmark | 133,452 |
| 46 | Matson | United States | 102,454 |
| 47 | AIT Worldwide Logistics | United States | 97,869 |
| 48 | Mode Global | United States | 76,000 |
| 49 | ITG Transportation Services | United States | 70,000 |
About the Rankings...
Top 100 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 100 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 100 list.
Extras
Air, ground and ocean transportation rates soared to historic levels in 2021 as shippers leaned on 3PLs for goods
Shippers must be ready to adapt to a surge in small carriers by providing systems that allow them to succeed
As your company grows, you need your software or platform to be able to grow and adapt with you
If your company appears on the list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.
From freight brokers to airfreight forwarders, all sectors of the logistics industry reacted to new demands
Learn more about how companies are selected for Transport Topics' Top 100 Largest Logistics Companies list
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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