The market for mergers and acquisitions in trucking is poised to stay robust, but could undergo some changes, an expert said during a recent industry event.
January 27, 2023Rank This Year | Rank Last Year | Company | Net Revenue (Millions) | Gross Revenue (Millions) | Employees |
---|---|---|---|---|---|
1 | 1 | UPS Supply Chain Solutions | $3,108 est
|
$5,900 | 12,700 |
2 | 12 | XPO Logistics | $2,841 est
|
$5,536 | - |
3 | 2 | J.B. Hunt Transport Services | $2,660 est
|
$5,816 | - |
4 | 4 | C.H. Robinson Worldwide | $2,268 est
|
$13,476 | 13,159 |
5 | 5 | Expeditors International of Washington | $2,188 est
|
$6,617 | 15,397 |
6 | 3 | Ryder Supply Chain Solutions | $1,925 est
|
$2,443 | - |
7 | 6 | DHL Supply Chain | $1,815 est
|
$3,300 | - |
8 | 10 | FedEx Logistics | $1,625 est
|
$3,178 | - |
9 | 7 | Ceva Logistics (North America) | $1,570 est
|
$2,452 | - |
10 | 8 | Americold Logistics | $1,555 est
|
- | - |
11 | 9 | UTi Worldwide | $1,330 est
|
$3,696 | - |
12 | 11 | Schneider | $1,275 est
|
$3,480 | - |
13 | 13 | Kuehne + Nagel Americas | $1,197 est
|
$5,230 | - |
14 | 15 | Penske Logistics | $1,150 est
|
$1,430 | 13,750 |
15 | 16 | NFI | $1,130 est
|
$1,200 | 8,101 |
16 | 14 | Swift Transportation | $1,065 est
|
$1,418 | 120 |
17 | 20 | DB Schenker (North America) | $898 est
|
$2,687 | - |
18 | 19 | Neovia Logistics | $860 est
|
- | - |
19 | 17 | Werner Enterprises | $826 est
|
$1,052 | 4,933 |
20 | 18 | Ruan | $816 est
|
$869 | 5,558 |
21 | Lineage Logistics | $800 est
|
- | - | |
22 | 24 | OHL | $732 est
|
$1,470 | 8,000 |
23 | 22 | Cardinal Logistics | $681 est
|
- | - |
24 | 23 | APL Logistics (North America) | $660 est
|
$1,030 | 6,000 |
25 | 27 | Kenco Group | $535 est
|
$582 | 3,800 |
26 | 26 | Panalpina Inc. | $459 est
|
$2,784 | - |
27 | 33 | Total Quality Logistics | $446 est
|
$2,240 | 3,791 |
28 | 30 | Universal Logistics Holdings | $444 est
|
- | - |
29 | 31 | Hub Group | $413 est
|
$3,526 | 2,633 |
30 | 34 | DSC Logistics | $405 est
|
- | - |
31 | 32 | Saddle Creek Logistics Services | $390 est
|
- | 2,587 |
32 | 28 | U.S. Xpress Enterprises | $351 est
|
$508 | - |
33 | 40 | BDP International | $297 est
|
$1,900 | - |
34 | 36 | Landstar System | $292 est
|
$1,760 | 1,223 |
35 | 45 | Echo Global Logistics | $290 est
|
$1,512 | 2,335 |
36 | 35 | Toll Global Forwarding | $285 est
|
$1,448 | - |
37 | 37 | Performance Team | $278 est
|
$279 | 4,300 |
38 | 38 | Burris Logistics | $275 est
|
$3,524 | - |
39 | 42 | Preferred Freezer Services | $265 est
|
$324 | 1,525 |
40 | Apex Logistics International | $255 est
|
$613 | - | |
41 | 41 | Cowan Logistics | $252 est
|
$347 | 1,258 |
42 | 29 | Fidelitone | $235 est
|
$245 | 690 |
43 | Estenson Logistics | $226 est
|
$226 | - | |
44 | 47 | Crane Worldwide Logistics | $217 est
|
$654 | - |
45 | 44 | Averitt Express | $204 est
|
$396 | - |
46 | WWEX Group | $200 est
|
$750 | - | |
47 | Port Logistics Group | $190 est
|
$200 | 2,500 | |
48 | Radiant Logistics | $189 est
|
$872 | - | |
49 | 43 | SCI Group | $187 est
|
$189 | - |
50 | 48 | Odyssey Logistics & Technology | $180 est
|
$590 | - |
50 | 50 | Agility Logistics | $180 est
|
$774 | - |
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
Trucking M&A Expert Doesn’t Expect Slowdown
Federal Grant to Make Golden Gate Bridge Safer From Earthquakes
Protecting the safety of travelers over the Golden Gate Bridge, including 555,000 truck drivers carrying freight annually, was a key topic among Washington officials gathered in San Francisco near the iconic landmark to celebrate a $400 million federal grant for earthquake resiliency.
January 27, 2023Knight-Swift Reports Lower Q4 Results
Knight-Swift Transportation Holdings Inc. experienced a year-over-year decline in revenue and earnings during the fourth quarter of 2022, the company reported Jan. 26.
Rail Workers Still Seeking Quality-of-Life Improvements
OMAHA, Neb. — The contract imposed on railroad workers last fall didn’t resolve their quality-of-life issues, but already this year there are indications the major freight railroads are starting to address some of their concerns.
Amazon to Sell Bay Area Office Complex as Sales Growth Cools
Amazon .com Inc. is selling a vacant Bay Area office complex purchased about 16 months ago, the company’s latest effort to unwind a pandemic-era expansion that left it with a surfeit of warehouses and employees.
Positive Marijuana Tests Among Drivers Grow at Alarming Rate
Nearly 41,000 truck drivers tested positive for marijuana in 2022, a 32% increase over 2021, according to a report recently compiled from data in the Federal Motor Carrier Safety Administration’s Drug & Alcohol Clearinghouse.
Trucking Groups Not Pleased With Toll Hikes in Northeast States
Toll increases this year in Pennsylvania, New Jersey and New York are frustrating trucking companies that are having to pass on costs in the form of higher freight charges.
Bill Would Let Younger Drivers Move Freight at Ports
Legislation that aims to allow young commercial drivers to transport freight from ports was recently introduced in the U.S. House of Representatives.
Marten Transport Reports 16th Consecutive Profitable Quarter
Marten Transport reported higher fourth-quarter earnings, marking its 16th consecutive year-over-year increase.
Ports Post Strong Volume for 2022 Despite December Drop-Off
Despite a significant slowdown in the second half of 2022, two major West Coast ports approached the record-setting pace they had in 2021.
January 25, 2023