FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.
May 1, 2023![Image](/sites/default/files/images/logos/top_50_logistics_2_0.png)
Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Refrigerated Firms
Rank | Company | Total Refrigerated Storage (Millions of Cu. Ft.) | No. of Warehouses |
---|---|---|---|
1 | Americold Logistics | 945.0 | 160 |
2 | Lineage Logistics | 600.0 | 114 |
3 | Preferred Freezer Services | 300.0 | 37 |
4 | United States Cold Storage | 270.0 | 38 |
5 | XPO Logistics | 141.8 | 401 |
6 | VersaCold Logistics Services | 118.0 | 31 |
7 | Interstate Warehousing | 100.0 | 7 |
8 | Cloverleaf Cold Storage | 91.0 | 17 |
9 | Henningsen Cold Storage | 60.0 | 11 |
10 | Hanson Logistics | 37.0 | 9 |
11 | Conestoga Cold Storage | 37.0 | 5 |
12 | Allied Frozen Storage | 35.0 | 7 |
13 | Trenton Cold Storage | 28.0 | 8 |
14 | FST Logistics | 22.5 | 6 |
15 | NFI | 15.9 | 130 |
16 | Agro Merchants Group | 7.5 | |
17 | Penske Logistics | 1.9 | 87 |
18 | Peoples Services Inc. | 1.2 | 37 |
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
FedEx Freight Plans Closure of 29 Locations
GAO Tells DOT to Update Freight Handbook
To improve real-time decisions in the commercial transportation sector, a new government watchdog report recommended the U.S. Department of Transportation update its freight guidance.
Railroads Warned of Potential Problems With Long Trains
OMAHA, Neb. — Federal regulators are warning railroads that the long trains they favor can cause all kinds of problems and contribute to derailments.
Hub Group Reports Revenue and Earnings Decline for Q1
Hub Group Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27.
Universal Logistics Reports Weaker Q1 Amid Softening Market
Universal Logistics Holdings experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27.
ArcBest Reports Q1 Revenue, Earnings Decline
ArcBest experienced a year-over-year decline in revenue and earnings due to a softer freight environment and the sale of its fleet maintenance subsidiary during the first quarter.
California Passes First-in-Nation Locomotive Emission Rule
California’s Air Resources Board voted April 27 to approve a rule that would ban the use of locomotive engines more than 23 years old by 2030 and increase the use of zero-emission tech at ports and railyards.
Merged CPKC Releases Strong Q1 Earnings
The merged Canadian Pacific Kansas City says in its first quarter together the new Class I railroad saw its income surge by 35% to C$800 million compared with C$590 million a year ago.
Landstar Reports Revenue and Earnings Decline for Q1
Landstar System Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 26.
Schneider Reports 6% Q1 Earnings Gain Despite Revenue Drop
Schneider National achieved a 6% year-over-year earnings gain despite a revenue loss during the first quarter of 2023, the company reported April 27.