Spot rates for shipping containers jumped by the most in more than two years, a sign that a 16-month slump in ocean freight costs that helped ease the sting of goods inflation is over.
August 3, 2023![Image](/sites/default/files/images/logos/top_50_logistics_0.png)
Rank This Year | Rank Last Year | Company | Net Revenue (Millions) | Gross Revenue (Millions) | Employees |
---|---|---|---|---|---|
1 | 1 | UPS Supply Chain Solutions | $3,030 est
|
$5,758 | - |
2 | 2 | J.B. Hunt Transport Services | $2,605 est
|
$5,799 | - |
3 | 4 | Ryder Supply Chain Solutions | $2,157 est
|
$2,461 | - |
4 | 6 | C.H. Robinson Worldwide | $2,131 est
|
$14,093 | 11,521 |
5 | 5 | Expeditors International of Washington | $1,981 est
|
$6,565 | 14,659 |
6 | 3 | DHL Supply Chain | $1,815 est
|
$3,300 | 47,000 |
7 | 7 | Ceva Logistics (North America) | $1,715 est
|
$2,618 | - |
8 | 8 | Americold Logistics | $1,696 est
|
- | 11,000 |
9 | 9 | UTi Worldwide | $1,548 est
|
$4,369 | 21,018 |
10 | 13 | FedEx Logistics | $1,465 est
|
$2,896 | 10,885 |
11 | 10 | Schneider | $1,242 est
|
$3,393 | - |
12 | 12 | XPO Logistics | $1,160 est
|
$3,140 | - |
13 | 11 | Kuehne + Nagel Americas | $1,105 est
|
$5,157 | - |
14 | 16 | Swift Transportation | $1,045 est
|
$1,394 | - |
15 | 20 | Penske Logistics | $915 est
|
$1,137 | 10,882 |
16 | 15 | NFI | $914 est
|
$1,091 | - |
17 | 17 | Werner Enterprises | $844 est
|
$1,182 | 4,632 |
18 | 19 | Ruan | $805 est
|
$848 | 5,595 |
19 | 19 | Neovia Logistics | $800 est
|
- | - |
20 | 18 | DB Schenker (North America) | $774 est
|
$2,615 | 6,000 |
21 | 22 | Menlo Logistics | $749 est
|
$1,718 | 8,500 |
22 | 23 | Cardinal Logistics | $681 est
|
- | - |
23 | 14 | APL Logistics (North America) | $660 est
|
$1,030 | 6,000 |
24 | 26 | OHL | $650 est
|
$1,305 | 8,302 |
25 | 24 | Norbert Dentressangle | $601 est
|
$781 | 6,500 |
26 | 36 | Panalpina Inc. | $538 est
|
$2,463 | - |
27 | 28 | Kenco Group | $506 est
|
$518 | 3,800 |
28 | 27 | U.S. Xpress Enterprises | $475 est
|
$618 | - |
29 | 29 | Fidelitone | $454 est
|
$463 | 715 |
30 | 31 | Universal Logistics Holdings | $449 est
|
- | - |
31 | 32 | Hub Group | $370 est
|
$3,571 | 2,568 |
32 | 33 | Saddle Creek Logistics Services | $358 est
|
- | 2,453 |
33 | 37 | Total Quality Logistics | $352 est
|
$2,142 | 3,131 |
34 | 34 | DSC Logistics | $340 est
|
- | - |
35 | 35 | Toll Global Forwarding | $297 est
|
$1,468 | - |
36 | 44 | Landstar System | $270 est
|
$1,624 | - |
37 | 39 | Performance Team | $261 est
|
$263 | 3,845 |
38 | 38 | Burris Logistics | $256 est
|
- | - |
39 | 41 | Coyote Logistics | $255 est
|
$2,094 | 1,994 |
40 | 40 | BDP International | $254 est
|
$1,900 | - |
41 | 43 | Cowan Logistics | $240 est
|
$346 | - |
42 | 42 | Preferred Freezer Services | $225 est
|
$275 | 1,800 |
43 | 45 | SCI Group | $212 est
|
$213 | 1,800 |
44 | 46 | Averitt Express | $210 est
|
$365 | - |
45 | 50 | Echo Global Logistics | $208 est
|
$1,173 | 1,734 |
46 | 47 | Damco International | $185 est
|
$1,007 | - |
47 | Crane Worldwide Logistics | $183 est
|
$689 | - | |
48 | 49 | Legacy Supply Chain Services | $180 est
|
$401 | - |
48 | Odyssey Logistics & Technology | $180 est
|
$590 | - | |
50 | 48 | Agility Logistics | $175 est
|
$795 | - |
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.
![Armstrong and Associates Logo](/sites/default/files/images/logos/tt50-armstrong2016.jpg)
Extras
On the Bubble
Global Ocean Shipping Costs Creep Higher
Weaker Freight Rates, Brokerage Gross Margin Hurt RXO Profits
Lower freight rates, a moderation in brokerage gross margin and the cost of operating as a stand-alone public company hurt profits at RXO Inc. in the second quarter of 2023.
TFI Q2 Profit Dips by More Than 50% on Lower Freight Volumes
Profits at TFI International Inc. more than halved in the second quarter of 2023 to $128.2 million from $276.8 million in the year-ago period, the company said.
Amazon Fresh Offers Grocery Delivery to Non-Prime Members
Amazon has begun offering its Fresh grocery delivery service to customers who aren’t Prime members.
Taylor Swift Reportedly Gives Tour Truckers $100,000 Bonuses
Taylor Swift has reportedly given $100,000 bonuses to the truck drivers who have been transporting her concert equipment across the country during her epic Eras tour.
UPS-Teamsters Contract Takes Step Forward
Local union leaders voted in favor of a tentative labor agreement that UPS and the Teamsters reached July 25, an important step toward finalizing a deal that covers about 340,000 workers.
Construction Costs Soar on Alaska Freight Route
Inflation is blamed for sending project completion costs soaring 68% since 2021 to today’s $840 million to complete a freight route for bringing goods into Alaska from the port in Anchorage.
Saia Reports Lower Q2 Profit, Revenue
Saia Inc. posted net income of $91.3 million in the second quarter of 2023, compared with $109.2 million in the same period a year earlier, the less-than-truckload carrier said.
Georgia Distribution Center to Team NFI, Bradshaw Home
Georgia officials announced plans to open a new East Coast distribution center in Effingham County to bring Bradshaw Home’s products to customers faster through a partnership with NFI.
Old Dominion Freight Line Q2 Profit Falls 22.3% Year-On-Year
Old Dominion Freight Line Inc. profits fell 22.3% year-over-year to $292.4 million in the second quarter of 2023 from $376.1 million in the year-ago period, it said.