Trucking’s lingering freight recession, combined with a steep decline in spot market rates for carriers over the last 18 months, is tightening capacity, according to FMCSA data and FTR Intel.
January 16, 2024Rank This Year | Rank Last Year | Company | Net Revenue (Millions) | Gross Revenue (Millions) | Employees |
---|---|---|---|---|---|
1 | 5 | UPS Supply Chain Solutions | $2,860 est
|
$5,492 | - |
2 | 2 | J.B. Hunt Transport Services | $2,600 est
|
$5,224 | - |
3 | 1 | DHL Supply Chain | $2,550 est
|
$4,600 | - |
4 | 3 | Ryder Supply Chain Solutions | $2,064 est
|
$2,383 | - |
5 | 16 | Expeditors International of Washington | $1,883 est
|
$6,080 | 13,900 |
6 | 6 | C.H. Robinson Worldwide | $1,836 est
|
$12,752 | 11,645 |
7 | 4 | Ceva Logistics (North America) | $1,770 est
|
$2,641 | - |
8 | 7 | Americold Logistics | $1,696 est
|
- | 12,000 |
9 | 26 | UTi Worldwide | $1,525 est
|
$4,441 | 21,018 |
10 | 10 | Schneider | $1,242 est
|
$3,390 | - |
11 | 11 | Kuehne + Nagel Americas | $1,109 est
|
$5,046 | - |
12 | 45 | XPO Logistics | $1,100 est
|
$2,800 | - |
13 | 12 | Genco | $1,007 est
|
$1,509 | 9,985 |
14 | 13 | APL Logistics (North America) | $955 est
|
$1,600 | - |
15 | 14 | NFI | $914 est
|
$1,091 | - |
16 | 18 | Swift Transportation | $890 est
|
$1,091 | - |
17 | 17 | Werner Enterprises | $832 est
|
$1,138 | 4,580 |
18 | 8 | DB Schenker (North America) | $806 est
|
$2,838 | 6,000 |
19 | 9 | Neovia Logistics | $800 est
|
- | - |
20 | 19 | Penske Logistics | $779 est
|
$968 | 10,089 |
21 | 22 | Ruan | $767 est
|
$807 | 5,139 |
22 | 20 | Menlo Worldwide | $682 est
|
$1,540 | 8,500 |
23 | 15 | Cardinal Logistics | $681 est
|
- | - |
24 | 24 | Jacobson Cos. | $590 est
|
$800 | 5,500 |
26 | 21 | OHL | $570 est
|
$1,142 | 8,158 |
27 | 27 | U.S. Xpress Enterprises | $475 est
|
$618 | - |
28 | 28 | Kenco Group | $474 est
|
$510 | 3,800 |
29 | 30 | Fidelitone | $471 est
|
$481 | 708 |
30 | 31 | FedEx Logistics | $458 est
|
$1,387 | 900 |
31 | 35 | Universal Logistics Holdings | $451 est
|
- | - |
32 | 29 | Hub Group | $371 est
|
$3,374 | 1,334 |
33 | 34 | Saddle Creek Logistics Services | $358 est
|
- | 2,470 |
34 | 32 | DSC Logistics | $340 est
|
- | - |
35 | 36 | Toll Global Forwarding | $297 est
|
$1,468 | - |
36 | 37 | Panalpina Inc. | $291 est
|
$1,225 | - |
37 | 42 | Total Quality Logistics | $288 est
|
$1,838 | 2,752 |
38 | 38 | Burris Logistics | $256 est
|
- | - |
39 | 39 | Performance Team | $255 est
|
- | 3,840 |
40 | 37 | BDP International | $254 est
|
$1,900 | - |
41 | Coyote Logistics | $231 est
|
$2,000 | 2,000 | |
42 | 43 | Preferred Freezer Services | $225 est
|
$275 | 1,800 |
43 | 47 | Cowan Logistics | $223 est
|
$330 | - |
44 | 33 | Landstar System | $217 est
|
$1,301 | - |
45 | 46 | SCI Group | $212 est
|
$213 | 1,800 |
46 | 44 | Averitt Express | $189 est
|
$326 | - |
47 | 49 | Damco International | $185 est
|
$1,007 | - |
48 | 40 | Agility Logistics | $175 est
|
$795 | - |
49 | Legacy Supply Chain Services | $170 est
|
$380 | - | |
50 | Echo Global Logistics | $155 est
|
$884 | 1,350 |
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
State of Freight Report Says 2024 Will Be an Unremarkable Year
How the Red Sea Conflict Is Crimping Global Trade
The attacks on commercial ships in the Red Sea by Houthi rebels have rerouted most of the trade normally flowing through the crucial maritime artery for consumer goods and energy supplies.
Port of Los Angeles Leader Outlines Ambitious Goals for 2024
With billions of federal, state and local dollars being spent at the nation’s ports, these critical economic engines are poised to accelerate efforts toward low- and zero-carbon emissions.
PS Logistics Buys Buddy Moore Trucking
PS Logistics has acquired Buddy Moore Trucking, which is also based in Birmingham, Ala.
DOD Announces Delay in $17.9B Military Moving Contract
U.S. Transcom announced that an IT systems glitch is delaying implementation of a contract designed to improve the quality of moves for military members and their families.
Kenco Buys The Shippers Group
Chattanooga, Tenn.-based third-party logistics group Kenco is to buy The Shippers Group, a Dallas-based third-party warehousing company, it said.
Ships Advertise Chinese Links to Avoid Houthi Attacks
At least five vessels transiting the Red Sea are using their signals to say they have links to China — the latest unusual measure taken to try to avoid attack by Houthi militants in the Red Sea.
Werner Appoints Meisgeier as Its Next President
Company veteran Nathan Meisgeier joined Omaha, Neb.-based Werner Enterprises Inc. in 2005 and was promoted to the carrier's general counsel in 2016.
Prime Launches Hopper Division, Starting With 25 Trailers
Prime Inc. is launching a hopper business, as Transport Topics' 19th-ranked for-hire carrier expands its bulk transportation operations.
Walmart Announces Dallas Drone Deliveries Covering Millions
Walmart says drone deliveries are no longer a futuristic idea, as it will be able to make drone deliveries with its partners Wing and Zipline to 75% of Dallas-Fort Worth by the end of this year.