Forward Air Corp., a mostly expedited LTL carrier, reported July 26 second-quarter net income of $24.3 million, or 83 cents per share compared with $19.7 million, or 65 cents, a 23% increase from a year ago. The company’s operating revenue increased to $330.3 million compared with $283.9 million, a 16% jump.
July 26, 2018![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
Forward Air Reports Strong 2Q Earnings
Knight-Swift Shares Tumble Most in Four Years Amid Driver Shortage
Knight-Swift Transportation Holdings Inc. lost almost a fifth of its market value July 26, marking the biggest drop in four years, after sales fell because of a lack of drivers.
Motor Carriers Group Challenges California Law That Defines Independent Contractors
In a federal lawsuit filed July 19, the Western States Trucking Association alleges that the California Supreme Court’s new “ABC test” requirement for deciding if a contractor should be an employee “forces virtually all independent contractors to become employees to those they choose to contract or work with.”
Landstar Profit Jumps on Record Revenue
Landstar System reported record second-quarter net income of $62.5 million, or $1.51 a share, a rise of 67% from $37.5 million, and 89 cents per share, in the same period a year ago.
UPS Surges as Jump in Foreign Sales Defies Rising Trade Tensions
UPS Inc. rose the most in almost seven years as international sales surged and the courier’s ambitious investment plans started to win over investors.
Covenant Profits Jump on 20% Revenue Rise
Covenant Transportation Group reported a positive second quarter, recording greater revenues and income as it moved forward on its purchase of Landair Holdings.
Knight-Swift Sees Steady Revenue Rise as Merger Efforts Continue
Knight-Swift Transportation Holdings reported greater second-quarter revenue and improved income across most of its divisions as it continued the coordination of the two firms after their merger last September.
Chinese Startups Floor the Pedal in Driverless Car Race
A group of Chinese startups is accelerating efforts to get autonomous vehicles onto roads in the world’s biggest auto market, a country its American peers from Alphabet Inc.’s Waymo to General Motors Co.’s Cruise may find tough to crack.
July 25, 2018FedEx Reaches Airfreight Deal With San Bernardino Airport
FedEx Express will begin operating daily cargo flights out of San Bernardino International Airport in October, under terms of a new 10-year agreement.
Norfolk Southern Reports Record 2Q Earnings
Norfolk Southern Corp. on July 25 reported record second-quarter earnings.