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, 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
Covenant Reports Revenue, Earnings Decline for Q2
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.
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.
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.
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.
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.
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.
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, 2023Companies 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.
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.