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:
2017 Essential Financial and Operating Information for the 50 largest logistics companies in the U.S. and Canada
Up Front
Find out where the carriers are by regions and by state in North America with our interactive map.
Rankings
Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Logistics Freight Brokerage
| Rank | Company | Net Revenue (Millions) | Gross Revenue (Millions) | Types of Freight |
|---|---|---|---|---|
| 1 | D&L Transport | $10.4 | $70.6 est |
rail intermodal (100), LTL (2,400), dry van truckload (15,000), refrigerated (18,000), flatbed/heavy haul (15,000) |
| 2 | J.H. Rose Logistics | $10.5 | $70.0 est |
rail intermodal, LTL, dry van truckload, refrigerated |
| 3 | TransCorr National Logistics | $10.8 | $67.1 est |
LTL (6,800), dry van truckload (68,300), flatbed/heavy haul (4,000) |
| 4 | Bay and Bay Transportation | $11.0 | $72.5 est |
rail intermodal (8,500), LTL (5,000), dry van truckload (33,000) |
| 5 | ROAR Logistics | $11.0 | $70.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 6 | Leonard's Express | $11.8 | $100.0 est |
rail intermodal (1,500), LTL (14,400), dry van truckload (43,200), refrigerated (93,500) |
| 7 | ITS Logistics | $12.0 | $70.0 est |
rail intermodal, LTL, dry van truckload |
| 8 | Koch Logistics | $12.5 | $85.0 est |
dry van truckload, LTL |
| 9 | R2 Logistics | $13.0 | $90.5 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 10 | LoadDelivered | $13.0 | $87.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 11 | MIQ Logistics | $13.0 | $189.0 est |
air/expedited (2,500), rail intermodal (2,900), LTL (385,000), dry van truckload (210,000) |
| 12 | Syfan Logistics | $13.4 | $78.7 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 13 | Genpro Inc. | $14.0 | $130.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 14 | Swift Transportation | $15.0 | $100.0 est |
dry van truckload, refrigerated, flatbed/heavy haul |
| 15 | Watco Logistics | $15.0 | $64.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed |
| 16 | Blue Ribbon Transport | $15.0 | $102.0 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 17 | Triple T Transport | $15.0 | $100.0 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 18 | Ruan | $16.0 | $110.0 est |
rail intermodal (42,833), LTL (114,685), dry van truckload (351,104), refrigerated (254,451), flatbed/heavy haul (182,703), bulk/tank (493,129) |
| 19 | Johanson Transportation Service | $18.0 | $140.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
| 20 | Celadon Group | $18.0 | $123.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 21 | Scott Logistics Corp. | $18.0 | $113.0 est |
rail intermodal, LTL, dry van truckload, refrigerated |
| 22 | Diversified Transportation Services | $20.0 | $130.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
| 23 | MegaCorp Logistics | $20.7 | $124.0 est |
air/expedited, rail intermodal, LTL, dry van truckload. refrigerated, flatbed/heavy haul |
| 24 | Integrity Express Logistics | $22.7 | $150.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 25 | Strive Logistics | $26.0 | $140.0 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 26 | NFI | $26.0 | $201.0 est |
rail intermodal, LTL, dry van truckload, refrigerated |
| 27 | Champion Logistics Group | $27.0 | $71.0 est |
air/expedited, LTL, dry van truckload, refrigerated |
| 28 | Radiant Logistics | $27.3 | $180.0 est |
LTL, dry van truckload, refrigerated |
| 29 | Cornerstone Systems | $29.0 | $252.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 30 | BlueGrace Logistics | $29.7 | $188.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 31 | Patterson Cos. | $33.0 | $195.0 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 32 | AFN | $33.0 | $209.0 est |
rail intermodal, dry van truckload, LTL |
| 33 | Choptank Transport | $34.0 | $225.0 est |
rail intermodal, LTL, dry van truckload, refrigerated |
| 34 | Knight Transportation | $35.5 | $218.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 35 | Redwood Logistics | $37.8 | $240.0 est |
air/expedited (1,000), rail intermodal (10,000), LTL (15,000), dry van truckload (160,000), refrigerated (18,000), flatbed/heavy haul (9,000), parcel (7,500) |
| 36 | ATS Logistics Services | $38.3 | $255.0 est |
air/expedited, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 37 | FLS Transportation Services | $40.0 | $260.0 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 38 | Nolan Transportation Group | $42.2 | $279.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 39 | Matson Logistics | $50.0 | $390.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 40 | PLS Logistics Services | $55.0 | $541.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
| 41 | Trinity Logistics | $62.2 | $364.0 est |
air/expedited (171), rail intermodal (4,485), LTL (58,693), dry van truckload (93,994), refrigerated (39,748), flatbed/heavy haul (67,238), bulk/tank (6,852) |
| 42 | Kuehne + Nagel Americas | $70.0 | $490.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 43 | Allen Lund Co. | $70.4 | $425.0 est |
air/expedited (100), rail intermodal (2,000), LTL (77,000), dry van truckload (148,000), refrigerated (87,698), flatbed/heavy haul (5,185) |
| 44 | Unishippers Global Logistics | $70.4 | $341.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 45 | Werner Enterprises | $71.0 | $417.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
| 46 | Uber Freight/Transplace Inc. | $77.0 | $570.0 est |
air/expedited (3,847), rail intermodal (213,677), LTL (2,087,040), dry van truckload (1,836,826), refrigerated (182,938), flatbed/heavy haul (418,713), bulk/tank (345,333), parcel (7,958,083) |
| 47 | KAG Logistics | $79.8 | $130.0 est |
bulk/tank (781,646) |
| 48 | England Logistics | $82.7 | $406.0 est |
rail intermodal (1,809), LTL (73,261), dry van truckload (62,471), refrigerated (33,221), flatbed/heavy haul (7,075), parcel (681,165) |
| 49 | Yusen Logistics | $105.0 | $830.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, parcel |
| 50 | GlobalTranz Enterprises | $107.0 | $551.0 est |
air/expedited (16,000), LTL (1,230,000), dry van truckload (180,000) |
| 51 | BNSF Logistics | $114.0 | $572.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 52 | J.B. Hunt Transport Services | $122.0 | $851.0 est |
air expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
| 53 | Hub Group | $125.0 | $948.0 est |
rail intermodal, LTL, dry van TL, refrigerated, flatbed/heavy haul |
| 54 | Crane Worldwide Logistics | $155.0 | $399.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, bulk/tank |
| 55 | Sunteck TTS | $165.0 | $900.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 56 | WWEX Group | $200.0 | $750.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, parcel |
| 57 | Landstar System | $258.0 | $1,553.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 58 | UPS Supply Chain Solutions | $305.0 | $2,360.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 59 | Echo Global Logistics | $319.0 | $1,716.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
| 60 | XPO Logistics | $361.4 | $2,154.4 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 61 | Total Quality Logistics | $465.0 | $2,321.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
| 62 | C.H. Robinson Worldwide | $1,524.0 | $8,738.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
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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51
On the Bubble
Crane Worldwide Logistics
($214 million), Houston, provides air and ocean freight forwarding, customs brokerage, intermodal and drayage, supply chain consulting.
The growth of e-commerce is giving rise to a new kind of logistic business. Find out why?
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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