FedEx Corp.’s freight unit is putting workers on furlough in some U.S. markets, adding to mounting evidence of a cargo slowdown as the company joins other large employers trimming their ranks.
November 14, 2022Rank This Year | Rank Last Year | Company | Net Revenue (Millions) | Gross Revenue (Millions) | Employees |
---|---|---|---|---|---|
1 | 1 | XPO Logistics | $6,112 est
|
$10,850 | - |
2 | 2 | UPS Supply Chain Solutions | $4,750 est
|
$9,814 | - |
3 | 3 | DHL Supply Chain | $3,809 est
|
$4,178 | - |
4 | 6 | J.B. Hunt Transport Services | $2,900 est
|
$8,214 | - |
5 | 4 | C.H. Robinson Worldwide | $2,705 est
|
$16,631 | 15,262 |
6 | 7 | Ryder Supply Chain Solutions | $2,636 est
|
$3,731 | - |
7 | 5 | Expeditors International of Washington | $2,620 est
|
$8,138 | 17,500 |
8 | 12 | Penske Logistics | $1,840 est
|
$2,300 | 19,331 |
9 | 17 | Lineage Logistics | $1,837 est
|
- | - |
10 | 10 | NFI | $1,700 est
|
$2,000 | 10,900 |
11 | 8 | FedEx Logistics | $1,625 est
|
$3,170 | - |
12 | 11 | Kuehne + Nagel Americas | $1,579 est
|
$6,634 | 14,466 |
13 | 23 | Ingram Micro Commerce & Lifecycle Services | $1,400 est
|
$1,500 | - |
14 | 15 | Geodis (North America) | $1,319 est
|
$2,139 | 13,549 |
15 | 13 | Ceva Logistics (North America) | $1,195 est
|
$2,427 | 10,350 |
16 | 17 | Schneider | $1,180 est
|
$2,711 | - |
17 | 9 | Americold Logistics | $1,158 est
|
$1,595 | 11,000 |
18 | 14 | Radial | $1,082 est
|
- | 4,914 |
19 | 17 | Syncreon | $1,050 est
|
$1,165 | - |
20 | 16 | DB Schenker (North America) | $1,028 est
|
$2,997 | 7,200 |
20 | 21 | Werner Enterprises | $1,028 est
|
$1,465 | 6,119 |
22 | 21 | Ruan | $900 est
|
$957 | 5,700 |
23 | 22 | Neovia Logistics | $763 est
|
$763 | - |
24 | 25 | Cardinal Logistics | $718 est
|
$805 | 4,245 |
25 | 29 | Total Quality Logistics | $683 est
|
$3,643 | 5,500 |
26 | 25 | APL Logistics (North America) | $665 est
|
$1,075 | 6,800 |
27 | 27 | Universal Logistics Holdings | $610 est
|
$1,148 | - |
28 | 31 | U.S. Xpress Enterprises | $571 est
|
$809 | 3,169 |
29 | 30 | Saddle Creek Logistics Services | $538 est
|
$579 | 3,800 |
30 | 33 | Hub Group | $536 est
|
$4,423 | 5,370 |
31 | 28 | DSC Logistics | $535 est
|
$578 | - |
32 | 26 | Kenco Group | $534 est
|
$603 | 3,100 |
33 | 32 | DSV A/S (North America) | $522 est
|
$2,358 | - |
34 | 35 | Black Horse Carriers Inc. | $491 est
|
$491 | 3,438 |
35 | 36 | TransGroup Global Logistics | $460 est
|
$1,005 | 1,449 |
36 | 39 | Performance Team | $456 est
|
$456 | 1,750 |
37 | 34 | Panalpina Inc. | $435 est
|
$2,596 | - |
38 | 40 | Echo Global Logistics | $420 est
|
$2,440 | 2,321 |
38 | 42 | Landstar System | $420 est
|
$2,542 | - |
40 | 38 | BDP International | $379 est
|
$1,552 | - |
41 | 50 | Odyssey Logistics & Technology | $365 est
|
$1,018 | 2,400 |
42 | 41 | WWEX Group | $360 est
|
$1,650 | - |
43 | Covenant Logistics Group | $298 est
|
$401 | - | |
44 | 48 | Toll Global Forwarding | $290 est
|
$1,475 | - |
44 | 44 | Visible Supply Chain Management | $290 est
|
$357 | 1,500 |
46 | 45 | Cowan Logistics | $281 est
|
$426 | 1,445 |
47 | 46 | Uber Freight/Transplace Inc. | $280 est
|
$2,886 | 2,400 |
48 | Marten Transport | $275 est
|
$412 | 3,590 | |
49 | Lazer Logistics | $256 est
|
$262 | 2,555 | |
50 | GlobalTranz Enterprises | $245 est
|
$1,384 | 853 |
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
FedEx Freight Unit Furloughs Workers as Cargo Demand Slows
Study Says Charging Network Isn’t on Pace With Electric Truck Development
In December, Tesla Inc. plans to deliver the first of its electric Semi trucks — prompting those responsible for delivering the power to ask: Are we ready for this?
Airbus CEO Sees Energy Crisis Weighing on Production Next Spring
Airbus SE said production concerns have shifted from a shortage of jet engines to smaller suppliers struggling to cope with spiraling energy costs, with the squeeze expected to become most acute next spring.
November 14, 2022Amazon Unveils Smaller Delivery Drone That Can Fly in Rain
Amazon.com Inc. unveiled a new delivery drone on Nov. 10 that’s smaller, makes less noise and can fly through light rain, the latest effort to get the troubled and long-developing project off the ground.
EPA to Consider Tougher Locomotives Emissions Rules
The Environmental Protection Agency said Nov. 9 it will consider adopting stricter rules on locomotive emissions in response to concerns raised by California regulators.
GXO Reports Higher Revenue, Lower Earnings for Q3
GXO Logistics Inc. reported revenue growth and a decline in earnings in its third-quarter report released Nov. 8.
Ohio Answers Some Parking Needs by Converting Weigh Stations
To address a shortage of spaces, Ohio is converting more than a dozen weigh stations into truck parking lots and modernizing rest areas.
Secretary Pete Buttigieg Touts FLOW Data Initiative
More than half a year after the launch of an information-sharing forum meant to facilitate communication between freight stakeholders, the country’s top transportation officer gave it a resounding endorsement.
Ascend Acquires Fuchs Trucking
Logistics services provider Ascend announced it acquired Fuchs Trucking, based in Sauk City, Wis., a move intended to deepen Ascend’s footprint in the upper Midwest.
November 7, 2022New International Bridge Aims to Help Laredo Remain No. 1 Inland Port
Already the No. 1 inland port in North America, Laredo is expected to further solidify its position and see substantial trade growth according to local leaders thanks to the planned addition of a second international railway bridge.