The trucking merger and acquisition market is showing early signs of a rebound after a slowdown this year caused by uncertain freight and financial conditions.
September 27, 2023Rank 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
Trucking M&A Market Shows Signs of Rebound
House Policymakers Eye Supply Chain Reforms
Ensuring the safety and efficiency of the nation’s supply chain is an ongoing priority for key policymakers in the U.S. House of Representatives.
Freight Brokers Adjust as Market Power Swings to Shippers
Throughout the pandemic-influenced years of 2020 through 2022, third-party logistics providers and freight brokers assuaged shippers by simply locating a truck for their freight.
$1.4 Billion Committed to Rail Safety, Supply Chain Boost
WASHINGTON — The Biden administration announced Sept. 25 that it has awarded more than $1.4 billion to projects that improve railway safety and boost capacity.
September 25, 2023Hapag-Lloyd to Install Satellite Internet on Containerships
Hapag-Lloyd AG, the biggest container shipping line based in Germany, said Sept. 21 it will install SpaceX’s Starlink internet service aboard the ships it owns and manages.
Biden Orders Continued Monitoring of Norfolk Southern
President Joe Biden ordered federal agencies to continue holding Norfolk Southern accountable for its February derailment in eastern Ohio and appoint a FEMA official to oversee East Palestine’s recovery, but he still stopped short of declaring a disaster.
Port Volumes Decline in August
Container volumes trended mostly into negative territory in August at facilities along the Pacific, Atlantic and Gulf of Mexico coasts, with a modest gain at the Port of Los Angeles.
Census Bureau Contest Seeks Supply Chain Data Ideas
The shifting logistics challenges fueled by the growth of e-commerce are the catalyst for a national competition sponsored by the U.S. Census Bureau.
Amazon to Hire 250,000 for Holidays, Boost Wages
Amazon.com Inc. will hire 250,000 employees this holiday shopping season and boost average pay for logistics personnel as it seeks to recruit and retain workers amid a labor shortage.
Tonnage Dips 2.3% in August
Truck tonnage in August declined 2.3% compared with year-ago levels but inched up sequentially for the second consecutive month.