Covenant Logistics Group Inc. reported a year-over-year decrease in revenue and earnings during the second quarter of 2023, the company reported July 26.
July 27, 2023Sponsored by:
2020 Essential Financial and Operating Information for the 50 Largest Logistics Companies in North America
Up Front
The third-party logistics business is undergoing a dramatic, technology-driven transformation.
Rankings
| 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 | - |
About the Rankings...
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
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53
On the Bubble
Pilot Freight Services
($250 million), Lima, Pa., provides cross-border services, custom brokerage, supply chain consulting, transportation management and warehousing and distribution.
Learn more about Transport Topics' Top 50 Logistics Companies publication.
Logistics News
Business, Logistics
Covenant Reports Revenue, Earnings Decline for Q2
Business, Logistics
Union Pacific Brings Back Jim Vena as CEO
OMAHA, Neb. — Union Pacific on July 26 hired Jim Vena as CEO as the company cut its outlook after reporting disappointing results driven by weakening consumer demand and higher labor costs.
July 26, 2023Government, Business, Logistics
AAPA CEO Connor to Retire Oct. 1 After Four Years at Helm
American Association of Port Authorities CEO Chris Connor announced he is retiring effective Oct. 1.
July 26, 2023Business, Logistics
CN Railway Reports Q2 Revenue Down 7%
Canadian National Railway Co. reported revenue of C$4.06 billion ($3.1 billion) in the second quarter, down 7% and missing analysts’ estimates.
July 25, 2023Business, Logistics, Breaking News, For-Hire
UPS, Teamsters Reach Agreement on New Contract
UPS and the Teamsters have reached a tentative five-year collective bargaining agreement that covers more than 340,000 workers, the company and the union announced in separate statements.
July 25, 2023Government, Business, Safety, Logistics
Kentucky Waives HOS Limits to Aid Storm Relief Efforts
Kentucky issued a temporary emergency order waiving federal hours-of-service rules and weigh station requirements through Aug. 18 for truckers assisting with storm relief efforts.
July 25, 2023Business, Logistics, For-Hire
FedEx Pilots Reject Proposed Multiyear Contract
Union pilots who fly for FedEx announced on July 24 the rejection of a proposed multiyear contract from the company, with 57% of members voting against the deal.
July 24, 2023Business, Logistics
GSC Logistics Acquires Transloading Firm MacMillan-Piper
Third-party logistics provider GSC Logistics Inc. has expanded service capabilities by acquiring transloading company MacMillan-Piper, the company announced July 24.
July 24, 2023Business, Logistics, For-Hire, TCA
Companies That Ship With UPS Develop Contingencies
Some large retailers and other companies across the country are warning customers of potential delivery delays if there is a UPS strike.
July 24, 2023Business, Logistics, For-Hire
Knight-Swift Reports 71% Earnings Drop for Q2
Knight-Swift Transportation Holdings Inc. on July 20 reported that earnings dropped 71% year-over-year in the second quarter.
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