Convoy risks drawing comparisons to Uber in less flattering ways: drivers grousing about getting squeezed and a business model that has yet to turn a profit.
October 29, 2019Rank 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
Convoy Tries to Navigate Some Uber-Scale Problems
Amazon’s Transportation Costs Surge in Q3; Financial Results Mixed
Amazon.com’s shipping costs skyrocketed 46% year-over-year in the third quarter to a record $9.6 billion, an increase of more than $500 million over what the online retail giant spent during the same period in 2018.
Waymo CEO Sees Driverless Trucking Catching on Faster Than Taxis
True driverless cars have arrived from Waymo, the self-driving unit of Alphabet Inc., but the company’s chief executive officer says robot ride hailing may not be the first form of automotive autonomy to take off commercially.
XPO Reports Mixed 3Q Earnings
Global freight transportation and logistics provider XPO Logistics reported mixed financial results for the third quarter on Oct. 28.
With Capacity to Spare, Railroads Have an Eye on Truck Cargo
Rail officials acknowledged on their third-quarter financial calls they have extra capacity to move goods because they are not carrying as much freight as they did in 2017 and 2018, when the economy was roaring.
UPS to Upgrade Health Care-Dedicated Warehouse Network
UPS Inc. will add major upgrades to its health care-dedicated warehouse and distribution network, according to an Oct. 28 news release.
Crane Simulator Trains Baltimore Longshoremen Without Disrupting Dock Operations
The Steamship Trade Association of Baltimore bought a $500,000 simulator this year to train crane operators at the Port of Baltimore without affecting the day-to-day loading and unloading of cargo.
Driver Detention Time Creeps Upward
After improving in 2018, it appears as though driver detention time has increased recently, with many shippers falling back into habits that delay trucks at their docks and push up dwell times.
United Road Acquires Truck Hauler Team Drive-Away
Auto hauler United Road acquired Team Drive-Away, a company that specializes in moving new and used Class 8 trucks, United Road said.
FedEx E-Commerce Revamp Jolts Delivery Army by Piling on Costs
FedEx Corp.’s drive to reap the rewards of e-commerce is stirring anxiety among some of the company’s most important partners: the thousands of small businesses that handle its ground deliveries.