TT's Top 50 Logistics Companies: A Sneak Peek at 2015 Rankings
Duane Long by John Sommers II for Transport TopicsAn influx of new investment and surge in mergers and acquisitions are driving consolidation among logistics service providers and reshaping the industry’s landscape.
Two major industry players — FedEx Corp. and C.H. Robinson Worldwide — recently completed deals that moved each company up in the 2015 Transport Topics Top 50 listing of the largest logistics companies in North America.
The full list will be released with the edition of April 13 and will be available at ttnews.com on April 14, coinciding with our LiveOnWeb program that day (noon ET).
Based on data compiled by TT, and with the aid of a variety of sources, more money has been spent to acquire trucking and logistics companies in the first 11 weeks of 2015 than in any of the past five years.
And the buying may be just getting started, industry and investment experts said.
“This is perhaps the strongest financial marketplace we’ve ever experienced,” said Ben Gordon of BG Strategic Advisors in West Palm Beach, Florida. “Smart companies are taking advantage of this opportunity.”
FedEx’s purchase of warehousing and distribution specialist Genco catapulted the Memphis, Tennessee-based company to No. 10 on this year’s list. FedEx SupplyChain and FedEx Trade Networks ranked No. 30 in 2014. Genco ranked No. 13.
Likewise, C.H. Robinson moved to No. 4 this year from No. 6 in 2014, in part because of its acquisition in January of online freight broker Freightquote.com.
Topping the Top 50 list is UPS Supply Chain Solutions, followed by J.B. Hunt Transport Services and Ryder Supply Chain Solutions.
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|By Daniel P. Bearth|
Senior Features Writer
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