XPO Inc. experienced a 294.1% increase in earnings year-over-year despite a soft freight environment during the first quarter of 2024, the company reported May 3.
May 3, 2024Sponsored by:
2020 Essential Financial and Operating Information for the 50 Largest Logistics Companies in North America
Up Front
The third-party logistics business is undergoing a dramatic, technology-driven transformation.
Rankings
Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Airfreight Forwarders
| Rank | Company | Headquarters | Airfreight (Metric Tons) |
|---|---|---|---|
| 1 | DHL Supply Chain & Global Forwarding | Germany | 2,051,000 |
| 2 | Kuehne + Nagel | Switzerland | 1,643,000 |
| 3 | DB Schenker | Germany | 1,162,000 |
| 4 | DSV A/S | Denmark | 1,071,266 |
| 5 | UPS Supply Chain Solutions | United States | 965,700 |
| 6 | Expeditors International of Washington | United States | 955,391 |
| 7 | Nippon Express | Japan | 752,942 |
| 8 | Bollore Logistics | France | 634,000 |
| 9 | Kintetsu World Express | Japan | 600,849 |
| 10 | Hellmann Worldwide Logistics | Germany | 586,670 |
| 11 | Hitachi Transport System | Japan | 538,000 |
| 12 | Sinotrans Ltd. | China | 530,100 |
| 13 | Apex Logistics International | Hong Kong | 520,000 |
| 14 | Ceva Logistics | France | 476,600 |
| 15 | Kerry Logistics | Hong Kong | 453,000 |
| 16 | Agility Logistics | Kuwait | 415,000 |
| 17 | Yusen Logistics | Japan | 380,000 |
| 18 | Geodis | France | 363,451 |
| 19 | Dachser SE | Germany | 344,900 |
| 20 | Crane Worldwide Logistics | United States | 337,300 |
| 21 | FedEx Logistics | United States | 276,400 |
| 22 | NNR Global Logistics | Japan | 260,029 |
| 23 | Pilot Freight Services | United States | 230,000 |
| 24 | Dimerco Express Group | Taiwan | 213,200 |
| 25 | C.H. Robinson Worldwide | United States | 210,000 |
| 26 | EFL | Sri Lanka | 188,264 |
| 27 | Logwin AG | Luxembourg | 180,000 |
| 28 | Cargo-Partner | Austria | 173,247 |
| 29 | Trinity Logistics USA | United States | 164,000 |
| 30 | Damco/Maersk Logistics | The Netherlands | 158,405 |
| 31 | AWOT Global Logistics Group | China | 158,343 |
| 32 | Mainfreight Ltd. | New Zealand | 127,418 |
| 33 | Toll Group | Australia | 113,000 |
| 34 | Beijing Harmony Shipping & Forwarding Agent | China | 100,000 |
| 35 | Seko Logistics | United States | 90,000 |
| 36 | Worldwide Logistics Group | China | 87,549 |
| 37 | TransGroup Global Logistics | United States | 86,000 |
| 38 | Nissin Corp. | Japan | 85,000 |
| 39 | APL Logistics | Singapore | 82,554 |
| 40 | BDP International | United States | 76,000 |
| 41 | OIA Global | United States | 75,000 |
| 42 | XPO Logistics | United States | 70,200 |
| 43 | Gebruder Weiss | Austria | 61,000 |
| 44 | Noatum Logistics | Spain | 53,800 |
| 45 | Imperial Logistics | South Africa | 53,660 |
| 46 | Mallory Alexander International Logistics | United States | 50,000 |
| 46 | BEL International Logistics | Hong Kong | 50,000 |
| 48 | CJ Logistics | South Korea | 43,954 |
| 49 | Scanwell Logistics | United States | 40,000 |
| 49 | Shanghai Hengrong International Transportation | China | 40,000 |
About the Rankings...
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
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55
On the Bubble
Seko Logistics
($220 million), Itasca, Ill., provides air and ocean freight forwarding, custom brokerage, freight brokerage, inventory management and packaging, order fulfillment, supply chain consulting, transportation management and warehousing and distribution.
Learn more about Transport Topics' Top 50 Logistics Companies publication.
Logistics News
Business, Logistics
XPO Posts Q1 Net Income Rise of 294% Despite Tough Market
Government, Business, Safety, Logistics
I-95 in Connecticut Closed for Days as Crash Damages Bridge
NORWALK, Conn. — Workers on May 3 began removing a bridge over a Connecticut highway that was damaged in a fiery crash — a project expected to keep both sides of I-95 closed through the weekend.
May 3, 2024Government, Business, Safety, Logistics
Houthis Threaten to Try to Attack Ships in Mediterranean Sea
The Houthi group based in Yemen threatened to start trying to attack ships in the eastern Mediterranean as it steps up a campaign of anti-Israeli assaults.
May 3, 2024Business, Logistics, For-Hire
Schneider Reports Revenue Decline of 8% to $1.32B for Q1
Schneider experienced a year-over-year decline in revenue to $1.32 billion during the first quarter of 2024, the company reported May 2.
May 2, 2024Business, Logistics, Global Freight
Maersk Sees Improved Prospects for Global Container Trade
A.P. Moller-Maersk A/S, a bellwether for global trade, said a strong start to the year has improved the outlook for container trade demand worldwide.
May 2, 2024Business, Logistics
C.H. Robinson Reports Lower Revenue, Net Income for Q1
C.H. Robinson Worldwide experienced a year-over-year decline in revenue and earnings during the first quarter of 2024, the company reported May 1.
May 2, 2024Government, Business, Safety, Logistics
Body of Fifth Worker Found After Baltimore Bridge Collapse
BALTIMORE — Authorities said they have recovered the body of a fifth person who was missing after the collapse of the Francis Scott Key Bridge more than a month ago.
May 2, 2024Government, Business, Safety, Logistics
FRA: Union Pacific Undermined Regulators’ Safety Efforts
OMAHA, Neb. — Union Pacific managers undermined the U.S. government’s efforts to assess safety at the railroad in the wake of several high-profile derailment, federal regulators say.
May 1, 2024Government, Business, Safety, Logistics
Buttigieg Calls on Congress to Pass Rail Bill
More than a year after a train derailment in Ohio captured mainstream attention, the nation’s top transportation officer again called on Congress to advance a freight safety bill.
May 1, 2024Business, Logistics
Werner Posts Revenue, Earnings Decline for Q1
Werner Enterprises experienced a decline in revenue and earnings during the first quarter of 2024, the company reported April 30.
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