Investors should keep their expectations about Tesla Inc.’s ability to operate profitably in China “very low,” Morgan Stanley analyst Adam Jonas wrote in a note, adding that he’s cautious about the country’s role in the carmaker’s long-term strategy and fundamental value.
March 6, 2019![Image](/sites/default/files/images/logos/top_50_logistics_4.png)
Rank This Year | Rank Last Year | Company | Net Revenue (Millions) | Gross Revenue (Millions) | Employees |
---|---|---|---|---|---|
1 | 1 | XPO Logistics | $6,157 est
|
$10,287 | 100,000 |
2 | 2 | UPS Supply Chain Solutions | $4,690 est
|
$9,302 | - |
3 | 3 | DHL Supply Chain | $4,315 est
|
$4,735 | - |
4 | 4 | J.B. Hunt Transport Services | $3,410 est
|
$8,788 | 29,106 |
5 | 6 | Ryder Supply Chain Solutions | $2,853 est
|
$3,969 | 39,900 |
6 | 7 | Expeditors International of Washington | $2,636 est
|
$8,175 | 18,297 |
7 | 5 | C.H. Robinson Worldwide | $2,586 est
|
$15,310 | 15,427 |
8 | 8 | Penske Logistics | $2,040 est
|
$2,600 | 19,381 |
9 | 10 | NFI | $1,830 est
|
$2,130 | 12,600 |
10 | 12 | Kuehne + Nagel Americas | $1,798 est
|
$7,060 | 15,712 |
11 | 13 | Ingram Micro Commerce & Lifecycle Services | $1,630 est
|
$1,750 | 21,821 |
12 | 14 | Geodis (North America) | $1,510 est
|
$2,540 | 13,133 |
13 | 21 | Lineage Logistics | $1,440 est
|
$1,440 | 14,000 |
14 | 17 | Americold Logistics | $1,407 est
|
$1,775 | 13,000 |
15 | 11 | FedEx Logistics | $1,185 est
|
$2,310 | 20,000 |
16 | 15 | Ceva Logistics (North America) | $1,155 est
|
$2,345 | 10,350 |
17 | 20 | Werner Enterprises | $1,112 est
|
$1,524 | 6,305 |
18 | 16 | Schneider | $1,085 est
|
$2,670 | 15,650 |
19 | 18 | Radial | $1,082 est
|
- | 4,914 |
20 | 19 | Syncreon | $1,080 est
|
$1,203 | - |
21 | 22 | Ruan | $940 est
|
$1,002 | 5,800 |
22 | 23 | Neovia Logistics | $835 est
|
$835 | - |
23 | 33 | DSV A/S (North America) | $810 est
|
$3,225 | - |
24 | 20 | DB Schenker (North America) | $775 est
|
$2,230 | 7,200 |
25 | 24 | Cardinal Logistics | $718 est
|
$805 | 4,245 |
26 | 25 | Total Quality Logistics | $687 est
|
$3,394 | 5,000 |
27 | 26 | APL Logistics (North America) | $680 est
|
$1,095 | 6,800 |
28 | 29 | Saddle Creek Logistics Services | $672 est
|
$675 | 3,996 |
29 | 27 | Universal Logistics Holdings | $610 est
|
$1,260 | - |
30 | 32 | Kenco Group | $605 est
|
$674 | - |
31 | 28 | U.S. Xpress Enterprises | $600 est
|
$797 | 3,153 |
32 | 31 | DSC Logistics | $565 est
|
$565 | - |
33 | 34 | Black Horse Carriers | $561 est
|
$561 | 4,040 |
34 | 35 | TransGroup Global Logistics | $540 est
|
$1,200 | 1,700 |
35 | 36 | Performance Team | $525 est
|
$525 | 5,000 |
36 | 30 | Hub Group | $521 est
|
$3,668 | 5,000 |
37 | 43 | Covenant Logistics Group | $409 est
|
$529 | 5,555 |
38 | 38 | Echo Global Logistics | $386 est
|
$2,185 | - |
39 | 42 | WWEX Group | $365 est
|
$1,675 | - |
39 | 41 | Odyssey Logistics & Technology | $365 est
|
$1,018 | 2,600 |
41 | 38 | Landstar System | $360 est
|
$2,173 | 1,333 |
41 | Mode Global | $360 est
|
$2,300 | 432 | |
43 | Burris Logistics | $330 est
|
$3,100 | 2,000 | |
44 | 47 | Uber Freight/Transplace Inc. | $325 est
|
$3,000 | 2,647 |
45 | 46 | Cowan Logistics | $322 est
|
$437 | 1,585 |
46 | 48 | Marten Transport | $321 est
|
$465 | - |
47 | 49 | Lazer Logistics | $298 est
|
$316 | 3,100 |
48 | 44 | Visible Supply Chain Management | $290 est
|
$357 | 1,500 |
49 | 50 | GlobalTranz Enterprises | $275 est
|
$1,532 | 1,156 |
50 | Crane Worldwide Logistics | $267 est
|
$916 | - |
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.
![Armstrong and Associates Logo](/sites/default/files/images/logos/tt50-armstrong2016.jpg)
Extras
On the Bubble
Tesla Probably Can’t Make Money in China, Morgan Stanley Says
GM’s Cruze-Producing Ohio Plant Goes Idle
A sprawling General Motors assembly plant near Youngstown, Ohio, will be idled March 6 after more than 50 years producing cars and other vehicles, a move that will eliminate nearly 1,700 hourly positions by month’s end.
Maryland, CSX Apply Again for Federal Funding for Baltimore Tunnel Project
Maryland and CSX Transportation have submitted another application for federal money to heighten the Howard Street Tunnel in Baltimore so it can fit shipping containers stacked two high on freight trains — a project long sought by the Port of Baltimore, officials announced March 4.
Target Soars as Rosy Full-Year Outlook Follows Brisk Holiday Sales
Target Corp. jumped the most in more than two months as it followed up strong holiday sales with upbeat projections for the current year, distancing itself from the travails of mall-based department stores.
Trump Plans to End Key Trade Preferences for India, Turkey
President Donald Trump announced plans to end key trade preferences for India and Turkey, in the latest move by the United States to counter what it calls unfair trade practices.
Musk Blindsided Tesla Staff With Store Wind Down, Sources Say
Tesla Inc. CEO Elon Musk caught many employees by surprise with his announcement last week that the electric-car maker would close most stores and shift to online-only sales, according to three people familiar with the matter.
US Indefinitely Delays Increased Tariffs on Chinese Goods
The United States has confirmed the country is postponing “until further notice” a scheduled tariff increase on Chinese goods, the latest sign that the world’s two largest economies could be headed toward a de-escalation of their trade dispute.
Tesla’s Elon Musk Touts Model Y Event as Questions About Company Linger
Elon Musk said March 3 that Tesla will unveil its Model Y crossover in less than two weeks, as questions about store closures, employee layoffs and demand in the wake of waning U.S. federal tax credits threaten the company’s growth narrative.
Parcel Pro Partners With Jewelry Manufacturing Group to Ship Luxury Goods
Parcel Pro, a UPS Capital company, has partnered with Manufacturing Jewelers and Suppliers of America to provide MJSA premier members access to technology and insured shipping at a time when e-commerce is causing sales of luxury goods to boom, according to a company news release.
March 4, 2019Trade Deal That Would Lift US Tariffs on Chinese Goods Said to Be Near
The United States and China are close to a trade deal that could lift most or all U.S. tariffs as long as Beijing follows through on pledges ranging from better protecting intellectual-property rights to buying a significant amount of American products, two people familiar with the discussions said.