Covenant Logistics Group profits tumbled in the first quarter of 2024, with freight rates and volumes taking a toll on earnings as expected.
April 25, 2024Sponsored by:
2014 Essential Financial and Operating Information for the 50 largest logistics companies in the U.S. and Canada
Up Front
Our 2014 list produced a few surprises, some fast movers and some new names - along with a new No. 1.
Get a high-level view of where our Top 50 Logistics Companies are located with our interactive Google map.
Our experts break down the rankings and analyze capacity and congestion concerns in a replay of our livestream video.
Rankings
| Rank This Year | Rank Last Year | Company | Net Revenue (Millions) | Gross Revenue (Millions) | Employees |
|---|---|---|---|---|---|
| 1 | 5 | UPS Supply Chain Solutions | $2,860 est
|
$5,492 | - |
| 2 | 2 | J.B. Hunt Transport Services | $2,600 est
|
$5,224 | - |
| 3 | 1 | DHL Supply Chain | $2,550 est
|
$4,600 | - |
| 4 | 3 | Ryder Supply Chain Solutions | $2,064 est
|
$2,383 | - |
| 5 | 16 | Expeditors International of Washington | $1,883 est
|
$6,080 | 13,900 |
| 6 | 6 | C.H. Robinson Worldwide | $1,836 est
|
$12,752 | 11,645 |
| 7 | 4 | Ceva Logistics (North America) | $1,770 est
|
$2,641 | - |
| 8 | 7 | Americold Logistics | $1,696 est
|
- | 12,000 |
| 9 | 26 | UTi Worldwide | $1,525 est
|
$4,441 | 21,018 |
| 10 | 10 | Schneider | $1,242 est
|
$3,390 | - |
| 11 | 11 | Kuehne + Nagel Americas | $1,109 est
|
$5,046 | - |
| 12 | 45 | XPO Logistics | $1,100 est
|
$2,800 | - |
| 13 | 12 | Genco | $1,007 est
|
$1,509 | 9,985 |
| 14 | 13 | APL Logistics (North America) | $955 est
|
$1,600 | - |
| 15 | 14 | NFI | $914 est
|
$1,091 | - |
| 16 | 18 | Swift Transportation | $890 est
|
$1,091 | - |
| 17 | 17 | Werner Enterprises | $832 est
|
$1,138 | 4,580 |
| 18 | 8 | DB Schenker (North America) | $806 est
|
$2,838 | 6,000 |
| 19 | 9 | Neovia Logistics | $800 est
|
- | - |
| 20 | 19 | Penske Logistics | $779 est
|
$968 | 10,089 |
| 21 | 22 | Ruan | $767 est
|
$807 | 5,139 |
| 22 | 20 | Menlo Worldwide | $682 est
|
$1,540 | 8,500 |
| 23 | 15 | Cardinal Logistics | $681 est
|
- | - |
| 24 | 24 | Jacobson Cos. | $590 est
|
$800 | 5,500 |
| 26 | 21 | OHL | $570 est
|
$1,142 | 8,158 |
| 27 | 27 | U.S. Xpress Enterprises | $475 est
|
$618 | - |
| 28 | 28 | Kenco Group | $474 est
|
$510 | 3,800 |
| 29 | 30 | Fidelitone | $471 est
|
$481 | 708 |
| 30 | 31 | FedEx Logistics | $458 est
|
$1,387 | 900 |
| 31 | 35 | Universal Logistics Holdings | $451 est
|
- | - |
| 32 | 29 | Hub Group | $371 est
|
$3,374 | 1,334 |
| 33 | 34 | Saddle Creek Logistics Services | $358 est
|
- | 2,470 |
| 34 | 32 | DSC Logistics | $340 est
|
- | - |
| 35 | 36 | Toll Global Forwarding | $297 est
|
$1,468 | - |
| 36 | 37 | Panalpina Inc. | $291 est
|
$1,225 | - |
| 37 | 42 | Total Quality Logistics | $288 est
|
$1,838 | 2,752 |
| 38 | 38 | Burris Logistics | $256 est
|
- | - |
| 39 | 39 | Performance Team | $255 est
|
- | 3,840 |
| 40 | 37 | BDP International | $254 est
|
$1,900 | - |
| 41 | Coyote Logistics | $231 est
|
$2,000 | 2,000 | |
| 42 | 43 | Preferred Freezer Services | $225 est
|
$275 | 1,800 |
| 43 | 47 | Cowan Logistics | $223 est
|
$330 | - |
| 44 | 33 | Landstar System | $217 est
|
$1,301 | - |
| 45 | 46 | SCI Group | $212 est
|
$213 | 1,800 |
| 46 | 44 | Averitt Express | $189 est
|
$326 | - |
| 47 | 49 | Damco International | $185 est
|
$1,007 | - |
| 48 | 40 | Agility Logistics | $175 est
|
$795 | - |
| 49 | Legacy Supply Chain Services | $170 est
|
$380 | - | |
| 50 | Echo Global Logistics | $155 est
|
$884 | 1,350 |
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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54
On the Bubble
Kane is Able
($148 million), Scranton, Pennsylvania, provides warehousing and distribution services.
If all you’re looking for are the 2014 Top 50 Logistics Companies and their rank, here they are in a simple, clean table form.
Logistics News
Business, Logistics
Covenant Q1 Profit Slumps 76% on Freight Rate Weakness
Government, Business, Technology, Logistics, Global Freight
Amazon Web Services to Build Data Center in Northern Indiana
NEW CARLISLE, Ind. — Amazon Web Services plans to invest $11 billion to build a data center in northern Indiana that will create at least 1,000 new jobs, state and company officials announced.
April 25, 2024Business, Logistics, Global Freight
Union Pacific’s First-Quarter Profit Creeps Up 1%
OMAHA, Neb. — Union Pacific’s first-quarter profit crept 1% higher as the railroad tightened up on expenses — particularly its fuel bill — even though it delivered slightly less freight.
April 25, 2024Business, Logistics, Breaking News
Tonnage Numbers Hit 13th Month of Declines
Truck tonnage reached 13 consecutive months of year-over-year declines after a slight decrease in March, American Trucking Associations reported April 23.
April 24, 2024Government, Business, Fuel, Logistics
DOT Grant Program Focuses on Commercial Ports
The U.S. Department of Transportation announced grants for ports and supply chain corridors as part of the White House’s strategy for advancing a zero-emission freight landscape.
April 24, 2024Business, Logistics, For-Hire
Forward Air Hires Ex-Ceva Logistics Executive Stewart as CEO
Shawn Stewart is set to join Forward Air as CEO, effective April 28, the carrier said April 23. He also will join the asset-light transportation services group’s board of directors.
April 24, 2024Business, Safety, Logistics
Norfolk Southern Reports Lower Earnings After Settlement
Norfolk Southern’s first-quarter earnings report gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him.
April 24, 2024Business, Equipment, Safety, Logistics
Truck Body Repair Collaborations Help Streamline Planning
Repairing the body on a Class 8 truck is a process of handling moving parts while performing a proper assessment and eventually restoring the unit to a safe, roadworthy state as quickly as possible.
April 23, 2024Business, Safety, Logistics
Baltimore Port to Open Deeper Channel
Officials plan to open a deeper channel for commercial ships to access the Port of Baltimore starting April 25, marking a significant step toward reopening the major maritime shipping hub.
April 23, 2024Business, Logistics, For-Hire
UPS Reports 41% Earnings Drop During Q1
UPS Inc. experienced a 41.3% drop in earnings during the first quarter of 2024, the company reported April 23.
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