FRANKFURT — German logistics and delivery giant DHL reported second-quarter net profit of $802 million, a decline of 23.9% from a year ago, as a sluggish global economy dampened demand.
August 1, 2024Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Dry Storage Warehousing Firms
Rank | Company | Total Space (Millions of Sq.Ft.) | No. of Warehouses |
---|---|---|---|
1 | DHL Supply Chain | 115.0 | 417 |
2 | XPO Logistics | 65.0 | 298 |
3 | FedEx Logistics | 43.0 | 180 |
4 | Americold Logistics | 40.0 | 180 |
5 | Ryder Supply Chain Solutions | 40.0 | 279 |
6 | OHL | 36.0 | 130 |
7 | Ceva Logistics (North America) | 33.0 | 164 |
8 | UPS Supply Chain Solutions | 32.2 | 535 |
9 | Kenco Group | 31.0 | 90 |
10 | NFI | 27.5 | 90 |
11 | DB Schenker (North America) | 27.0 | 82 |
12 | Lineage Logistics | 26.0 | 113 |
13 | UTi Worldwide | 26.0 | 230 |
14 | Neovia Logistics | 24.0 | 112 |
15 | DSC Logistics | 23.0 | 63 |
16 | Penske Logistics | 21.0 | 81 |
17 | Saddle Creek Logistics Services | 17.1 | 41 |
18 | Kuehne + Nagel Americas | 15.1 | 75 |
19 | Warehouse Services Inc. | 14.0 | 30 |
20 | WSI Inc. | 14.0 | 52 |
21 | Ingram Micro Commerce & Lifecycle Services | 12.4 | 132 |
22 | APL Logistics (North America) | 10.7 | 35 |
23 | United States Cold Storage | 8.9 | 35 |
24 | Kane Is Able Inc. | 8.0 | 25 |
25 | Technicolor Global Logistics | 8.0 | 21 |
26 | Preferred Freezer Services | 7.4 | 35 |
27 | Performance Team | 7.0 | 25 |
28 | Legacy Supply Chain Services | 6.5 | 42 |
29 | Port Logistics Group | 6.0 | 15 |
30 | Schneider | 6.0 | 12 |
31 | WOW Logistics | 6.0 | 20 |
32 | Syncreon | 5.5 | 47 |
33 | Universal Logistics Holdings | 5.1 | 48 |
34 | Landair Dedicated | 5.0 | 12 |
35 | United Facilities | 5.0 | 9 |
36 | Verst Group Logistics | 5.0 | 19 |
37 | Comprehensive Logistics | 4.7 | 14 |
38 | VersaCold Logistics Services | 4.4 | 33 |
39 | Averitt Express | 4.0 | 107 |
40 | D+S Distribution | 4.0 | 21 |
41 | RGL Logistics | 3.5 | 15 |
42 | SCI Group | 3.2 | 30 |
43 | Barrett Distribution | 3.0 | 14 |
44 | Celadon Group | 3.0 | 13 |
45 | Keller Logistics Group | 3.0 | 8 |
46 | Wagner Logistics | 3.0 | 13 |
47 | Yusen Logistics | 3.0 | 64 |
48 | Pilot Freight Services | 2.8 | 70 |
49 | Burris Logistics | 2.6 | 17 |
50 | Weber Logistics | 2.5 | 10 |
51 | A & R Logistics | 2.2 | 10 |
52 | Matson Logistics | 2.1 | 6 |
53 | Evans Distribution Systems | 2.0 | 11 |
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
On the Bubble
Sluggish Global Economy Weighs on Germany’s DHL in Q2
Maersk Boosts Full-Year Guidance
A.P. Moller-Maersk, a bellwether for global trade, increased its full-year guidance due to higher freight rates caused by supply chain disruptions following attacks in the Red Sea.
Senate Panel Approves TSA Clearance Bill for Truckers
A committee in the U.S. Senate recently approved a bill that would facilitate commercial drivers’ applications for security credentials.
Werner Spots Signs of Hope Despite Disappointing Q2
Profit dropped at Werner Enterprises Inc. in the second quarter of 2024 as revenue slid more than analysts expected on the back of continued freight weakness, although executives are seeing more room for optimism from the last few weeks.
Transportation Jobs Up in July ADP Data; Overall Hiring Slows
US companies added the fewest number of workers since the start of the year and wage growth slowed, consistent with signs of a softer labor demand. But the transportation sector showed resilience.
Estes Eyes 12% Terminal Door Total Increase in 2024
Estes Express Lines expects the number of terminal doors in the less-than-truckload carrier’s portfolio to jump more than 12% in 2024 to a total exceeding 12,750.
Norfolk Southern Accused of Delaying Amtrak Passenger Trains
U.S. authorities accused Norfolk Southern Corp. of causing repeated delays of Amtrak passenger trains along a lengthy route spanning New York City to New Orleans.
Knight-Swift Buys Dependable Highway Express’ LTL Business
Knight-Swift Transportation Holdings on July 30 announced that it is acquiring the less-than-truckload operations of Dependable Highway Express.
FAA Clears Drone Companies to Operate in Shared Airspace
The FAA has cleared Wing and Zipline to fly their drones simultaneously over the suburbs of Dallas-Fort Worth without visual observers, using technology to keep the drones apart.
Amazon Deemed Responsible for Hazardous Third-Party Items
Amazon is responsible under federal safety law for hazardous products sold on its platform by third-party sellers and shipped by the company, a U.S. government agency ordered July 30.