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, 2023Sponsored by:
2016 Essential Financial and Operating Information for the 50 largest logistics companies in the U.S. and Canada
Up Front
Learn how to be included in the 2017 Top 50 Logistics Companies listing.
As online sales continue to soar, so have the expectations of consumers for goods to be delivered quickly and cheaply.
Our April 20 LiveOnWeb webcast looked at how online shopping is creating enormous disruption to freight networks and modes of delivery. Plus we looked back at the new TT Top 50 Logistics Companies rankings. Watch the replay.
Rankings
| Rank 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 | 50 | Agility Logistics | $180 est
|
$774 | - |
| 50 | 48 | Odyssey Logistics & Technology | $180 est
|
$590 | - |
About the Rankings...
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
A former Transport Topics editor who worked at Amazon examines the hustle and bustle of the online retailer.
52
On the Bubble
ArcBest Corp.
($177 million), Fort Smith, Ark., provides air and ocean freight forwarding, intermodal and drayage, freight brokerage, supply chain consulting, transportation management and warehousing and distribution.
Visit our new sector pages for top brokerage firms, warehousing firms, dedicated contract carriers, ocean freight forwarders and airfreight forwarders.
If your company appears in the 2016 list, you have a few ways to announce it! Visit our logo library to get web- and print-ready graphics.
Learn more about Transport Topics' Top 50 Logistics Companies Publication.
Find out where the carriers are by regions and by state in North America with our interactive map.
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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