FRANKFURT — German logistics and delivery giant DHL reported second-quarter net profit of $802 million, a decline of 23.9% from a year ago, as a sluggish global economy dampened demand.
August 1, 2024Rank This Year | Rank Last Year | Company | Net Revenue (Millions) | Gross Revenue (Millions) | Employees |
---|---|---|---|---|---|
1 | 2 | XPO Logistics | $4,741 est
|
$8,638 | - |
2 | 3 | J.B. Hunt Transport Services | $2,794 est
|
$6,181 | 22,172 |
3 | 1 | UPS Supply Chain Solutions | $2,640 est
|
$6,793 | 16,564 |
4 | 7 | DHL Supply Chain | $2,310 est
|
$4,200 | - |
5 | 4 | C.H. Robinson Worldwide | $2,278 est
|
$13,144 | 14,000 |
6 | 5 | Expeditors International of Washington | $2,164 est
|
$6,098 | 14,600 |
7 | 6 | Ryder Supply Chain Solutions | $2,126 est
|
$2,659 | - |
8 | 10 | Americold Logistics | $1,555 est
|
- | 11,000 |
9 | 8 | FedEx Logistics | $1,495 est
|
$2,916 | - |
10 | 9 | Ceva Logistics (North America) | $1,490 est
|
$2,320 | - |
11 | 13 | Kuehne + Nagel Americas | $1,263 est
|
$4,909 | - |
12 | 14 | Penske Logistics | $1,200 est
|
$1,500 | 14,180 |
12 | 23 | Geodis (North America) | $1,200 est
|
$2,200 | 10,141 |
14 | 15 | NFI | $1,100 est
|
$1,250 | 8,300 |
15 | 16 | Swift Transportation | $1,073 est
|
$1,431 | - |
16 | 24 | APL Logistics (North America) | $1,000 est
|
$1,700 | 7,600 |
16 | 12 | Schneider | $1,000 est
|
$2,125 | - |
18 | 18 | DB Schenker (North America) | $940 est
|
$2,580 | - |
19 | 17 | Cardinal Logistics | $935 est
|
$1,006 | 4,735 |
20 | 22 | Lineage Logistics | $900 est
|
- | - |
20 | 112 | Syncreon | $900 est
|
- | - |
22 | 20 | Werner Enterprises | $810 est
|
$1,156 | 5,142 |
23 | Radial | $800 est
|
- | - | |
24 | 19 | Neovia Logistics | $763 est
|
- | - |
25 | 21 | Ruan | $750 est
|
$796 | 5,546 |
26 | 25 | Kenco Group | $571 est
|
$626 | 5,000 |
27 | 27 | Total Quality Logistics | $465 est
|
$2,321 | 4,200 |
28 | 29 | Hub Group | $455 est
|
$3,573 | 2,713 |
29 | 32 | U.S. Xpress Enterprises | $453 est
|
$604 | 422 |
30 | 31 | Saddle Creek Logistics Services | $451 est
|
- | 2,900 |
31 | 11 | DSV A/S (North America) | $420 est
|
$1,798 | 7,100 |
32 | 30 | DSC Logistics | $415 est
|
$0 | - |
33 | 26 | Panalpina Inc. | $398 est
|
$2,411 | - |
34 | 112 | Ingram Micro Commerce & Lifecycle Services | $380 est
|
$500 | 1,989 |
35 | 112 | TransGroup Global Logistics | $360 est
|
$800 | 1,400 |
36 | 28 | Universal Logistics Holdings | $355 est
|
$444 | - |
37 | Black Horse Carriers Inc. | $338 est
|
- | 2,625 | |
38 | 37 | Performance Team | $322 est
|
$323 | 4,000 |
39 | 35 | Echo Global Logistics | $319 est
|
$1,716 | 2,350 |
40 | 33 | BDP International | $312 est
|
$1,900 | - |
41 | 46 | WWEX Group | $298 est
|
$1,235 | - |
42 | 39 | Preferred Freezer Services | $286 est
|
$350 | 1,800 |
43 | 36 | Toll Global Forwarding | $285 est
|
$1,448 | - |
44 | 38 | Burris Logistics | $273 est
|
$3,629 | - |
45 | 34 | Landstar System | $270 est
|
$1,632 | - |
46 | 43 | Estenson Logistics | $250 est
|
$250 | - |
47 | 41 | Cowan Logistics | $249 est
|
$345 | 1,253 |
48 | 42 | Fidelitone | $228 est
|
$239 | 760 |
49 | 53 | Uber Freight/Transplace Inc. | $221 est
|
$1,620 | 1,700 |
50 | 50 | Odyssey Logistics & Technology | $215 est
|
$650 | - |
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
Sluggish Global Economy Weighs on Germany’s DHL in Q2
Maersk Boosts Full-Year Guidance
A.P. Moller-Maersk, a bellwether for global trade, increased its full-year guidance due to higher freight rates caused by supply chain disruptions following attacks in the Red Sea.
Senate Panel Approves TSA Clearance Bill for Truckers
A committee in the U.S. Senate recently approved a bill that would facilitate commercial drivers’ applications for security credentials.
Werner Spots Signs of Hope Despite Disappointing Q2
Profit dropped at Werner Enterprises Inc. in the second quarter of 2024 as revenue slid more than analysts expected on the back of continued freight weakness, although executives are seeing more room for optimism from the last few weeks.
Transportation Jobs Up in July ADP Data; Overall Hiring Slows
US companies added the fewest number of workers since the start of the year and wage growth slowed, consistent with signs of a softer labor demand. But the transportation sector showed resilience.
Estes Eyes 12% Terminal Door Total Increase in 2024
Estes Express Lines expects the number of terminal doors in the less-than-truckload carrier’s portfolio to jump more than 12% in 2024 to a total exceeding 12,750.
Norfolk Southern Accused of Delaying Amtrak Passenger Trains
U.S. authorities accused Norfolk Southern Corp. of causing repeated delays of Amtrak passenger trains along a lengthy route spanning New York City to New Orleans.
Knight-Swift Buys Dependable Highway Express’ LTL Business
Knight-Swift Transportation Holdings on July 30 announced that it is acquiring the less-than-truckload operations of Dependable Highway Express.
FAA Clears Drone Companies to Operate in Shared Airspace
The FAA has cleared Wing and Zipline to fly their drones simultaneously over the suburbs of Dallas-Fort Worth without visual observers, using technology to keep the drones apart.
Amazon Deemed Responsible for Hazardous Third-Party Items
Amazon is responsible under federal safety law for hazardous products sold on its platform by third-party sellers and shipped by the company, a U.S. government agency ordered July 30.