The joining of trucking companies comes with challenges throughout the merger and acquisition process. The slow-moving procedure was exacerbated during the boom/bust cycle of 2022-23.
May 10, 2024Rank This Year | Company | Gross Revenue (Millions) | Net Revenue (Millions) | Employees |
---|---|---|---|---|
1 | C.H. Robinson Worldwide | $22,355 | $2,972 est
|
11,989 |
2 | Expeditors International of Washington | $16,524 | $4,466 | 19,588 |
3 | UPS Supply Chain Solutions | $14,639 | $7,000 est
|
80,000 |
4 | Kuehne + Nagel Americas | $12,980 | $2,703 | 17,428 |
5 | J.B. Hunt Transport Services | $11,412 | $3,685 est
|
34,978 |
6 | XPO Logistics | $8,907 | $2,337 | 21,000 |
7 | DSV A/S (North America) | $7,957 | $1,014 est
|
10,410 |
8 | GXO Logistics | $7,940 | $6,860 est
|
75,000 |
9 | Total Quality Logistics | $7,857 | $1,403 | 8,000 |
10 | Uber Freight/Transplace Inc. | $6,440 | $680 est
|
4,829 |
11 | Transportation Insight Holding Co. | $5,800 | $410 est
|
2,300 |
12 | DHL Supply Chain | $5,010 | $4,570 est
|
40,000 |
13 | Ryder Supply Chain Solutions | $4,612 | $3,265 | 20,000 |
14 | WWEX Group | $4,600 | $837 | 3,660 |
15 | Burris Logistics | $4,300 | $390 | 2,054 |
16 | Hub Group | $4,232 | $600 | 5,000 |
17 | Lineage Logistics | $4,000 | - | 22,000 |
18 | Landstar System | $3,838 | $635 est
|
800 |
19 | Schneider | $3,770 | $1,445 est
|
16,040 |
20 | Echo Global Logistics | $3,745 | $540 | 2,681 |
21 | Penske Logistics | $3,700 | $2,885 est
|
19,558 |
22 | Mode Global | $3,400 | $431 | 625 |
23 | NFI | $3,120 | $2,500 | 15,400 |
24 | DB Schenker (North America) | $3,030 | $1,065 est
|
8,850 |
25 | Ceva Logistics (North America) | $2,835 | $1,300 est
|
20,000 |
26 | Geodis (North America) | $2,760 | $1,630 est
|
17,761 |
27 | Americold Logistics | $2,715 | $2,130 | 16,275 |
28 | AIT Worldwide Logistics | $2,292 | $444 | 2,280 |
29 | Seko Logistics | $2,018 | $550 est
|
3,000 |
30 | FedEx Logistics | $1,920 | $980 est
|
21,000 |
31 | Knight-Swift Transportation | $1,900 | $800 est
|
20,000 |
32 | Kerry Logistics (Americas) | $1,860 | $615 est
|
- |
33 | Werner Enterprises | $1,837 | $1,302 | 6,884 |
34 | ArcBest Corp. | $1,810 | $255 | 1,392 |
35 | Omni Logistics | $1,798 | $517 | 4,500 |
36 | Capstone Logistics | $1,780 | $1,420 est
|
17,000 |
37 | Maersk Logistics (Americas) | $1,700 | $610 est
|
4,000 |
38 | TFI International | $1,662 | $215 est
|
6,000 |
39 | Arrive Logistics | $1,632 | $200 est
|
1,290 |
40 | Ascent Global Logistics | $1,600 | $213 | 1,000 |
40 | Crane Worldwide Logistics | $1,600 | $449 | 2,155 |
42 | BDP International | $1,552 | $379 est
|
5,000 |
43 | Universal Logistics Holdings | $1,502 | $735 est
|
7,999 |
44 | Pilot Freight Services | $1,350 | $385 est
|
3,000 |
45 | Kintetsu World Express (North America) | $1,327 | $425 est
|
1,259 |
46 | Syncreon | $1,275 | $1,116 | 13,000 |
47 | Allen Lund Co. | $1,225 | $147 | 623 |
48 | Ruan | $1,223 | $860 est
|
5,500 |
49 | Radial | $1,200 | $1,200 est
|
4,600 |
50 | Odyssey Logistics & Technology | $1,167 | $396 | 2,586 |
51 | Redwood Logistics | $1,160 | $173 | 868 |
52 | OIA Global | $1,156 | $177 | 1,249 |
53 | Convoy | $1,130 | $135 est
|
1,200 |
54 | U.S. Xpress Enterprises | $1,083 | $654 | 4,000 |
55 | CRST The Transportation Solution | $1,040 | - | 6,536 |
56 | Integrity Express Logistics | $1,027 | $124 | 682 |
57 | Cardinal Logistics | $981 | $806 | 4,160 |
58 | Nippon Express (North America) | $971 | $90 est
|
2,900 |
59 | Bollore Logistics (Americas) | $965 | $215 est
|
1,268 |
60 | ITS Logistics | $955 | $137 | 785 |
61 | Kenco Group | $947 | $661 | 5,800 |
62 | CJ Logistics America | $914 | $914 est
|
3,900 |
63 | Traffix | $898 | $162 | 423 |
64 | Radiant Logistics | $889 | $221 est
|
685 |
65 | Scan Global Logistics A/S | $880 | - | 2,400 |
66 | PLS Logistics Services | $850 | $105 | 582 |
66 | Armstrong Transport Group | $850 | $105 | 500 |
68 | Saddle Creek Logistics Services | $816 | $780 est
|
5,800 |
69 | BNSF Logistics | $800 | $125 est
|
700 |
70 | Matson Logistics | $793 | - | 525 |
71 | Metro Supply Chain | $770 | $770 est
|
6,000 |
72 | Priority-1 Inc. | $757 | $141 | 550 |
73 | MegaCorp Logistics | $742 | $102 | 550 |
74 | BlueGrace Logistics | $720 | $115 est
|
563 |
75 | Spot Inc. | $713 | $65 | 413 |
76 | Day & Ross | $710 | $500 est
|
425 |
77 | Covenant Logistics Group | $709 | $435 est
|
3,000 |
78 | Pepsi Logistics Company | $705 | $57 | 310 |
79 | ATS Logistics Services | $681 | $106 | 338 |
80 | R&R Family of Companies | $667 | $114 | 354 |
81 | FLS Transportation Services | $600 | $91 | 385 |
82 | Hellmann Worldwide Logistics (Americas) | $585 | $120 est
|
2,229 |
83 | Mullen Group | $584 | $115 est
|
2,500 |
84 | Cowan Logistics | $548 | $181 | 1,594 |
85 | Watco Logistics | $524 | $64 | 234 |
86 | Axle Logistics | $520 | $67 | 260 |
87 | TA Services | $516 | $97 | 700 |
88 | Circle Logistics | $513 | $83 est
|
540 |
89 | Lazer Logistics | $500 | $470 est
|
5,200 |
90 | England Logistics | $490 | $105 est
|
528 |
90 | Venture Logistics | $490 | $343 | 1,400 |
92 | TransAmerica Express Logistics | $480 | $140 est
|
50 |
93 | Logistic Dynamics | $477 | $69 | 53 |
94 | Marten Transport | $474 | $353 est
|
1,735 |
95 | ProTrans | $450 | $115 est
|
1,150 |
96 | Averitt Express | $399 | $291 | 1,500 |
97 | Cornerstone Systems | $394 | $45 est
|
198 |
98 | Magellan Transport Logistics | $374 | $59 | 175 |
99 | Legacy Supply Chain Services | $365 | $279 | 2,800 |
100 | Steam Logistics | $358 | $45 | 425 |
Top 100 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 100 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 100 list.
* No. 51 removed from the list due to unverified information provided by the company.
Extras
M&A Deals Require Intention and Involvement During Process
Freight Market Stabilization Bolsters M&A Optimism
As trucking mergers and acquisitions followed the freight market into a down cycle, conditions have stabilized, showing positive signs for the sector going forward.
Port of Long Beach CEO Says Cargo Up Eighth Straight Month
Port of Long Beach CEO Mario Cordero said April numbers will show trade flows coming to the U.S. West Coast are continuing to strengthen.
Forward Air Ends Eventful Q1 With Positive Revenue Growth
Forward Air Corp. ended an eventful first quarter with positive revenue growth but a decline in total earnings, the company reported May 8.
Activist Investor Wins 3 Norfolk Southern Board Seats
Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted May 9 to elect three of the board members an activist investor nominated.
House to Examine Baltimore Bridge Collapse May 15
WASHINGTON — A House panel this month will review concerns associated with efforts at the Port of Baltimore, where crews will eventually rebuild the Francis Scott Key Bridge.
Nikola Q1 Loss Narrows; Cost of Truck Production Soars
Losses at Nikola in the first quarter narrowed year-over-year, and executives are more bullish than in previous quarters about the truck maker’s prospects even as production costs soar.
Tornadoes Destroy Michigan FedEx Facility but Workers Safe
PAVILION TOWNSHIP, Mich. — Two reported tornadoes struck a Michigan city and the surrounding area May 7, destroying homes and commercial buildings, including a FedEx facility.
May 8, 2024GXO Posts Net Loss, but Revenue Increases to $2.46B in Q1
GXO Logistics experienced a decline in earnings on an increase in revenue to $2.46 billion during the first quarter of 2024, the company reported May 7.
WattEV’s Bakersfield Battery-Electric Charging Depot Opens
WattEV opened a battery-electric charging depot in Bakersfield, Calif., on May 6, its largest yet, the company said.