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 | 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
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.