Convoy, the Seattle-based freight startup that shut down last week, is being sold, according to a former Convoy employee familiar with the deal.
October 25, 2023
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 | C.H. Robinson Worldwide | $1,788.5 | $11,247.9 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
2 | Total Quality Logistics | $683.0 | $3,643.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
3 | UPS Supply Chain Solutions | $515.0 | $4,000.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
4 | XPO Logistics | $514.0 | $2,900.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
5 | Echo Global Logistics | $420.4 | $2,439.7 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
6 | Landstar System | $400.0 | $2,408.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
7 | Worldwide Express/GlobalTranz | $360.0 | $1,650.0 est |
air/expedited, LTL, dry van truckload, refrigerated, flatbed/heavy haul, parcel |
8 | GlobalTranz Enterprises | $245.0 | $1,384.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank, parcel |
9 | J.B. Hunt Transport Services | $205.5 | $1,334.6 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
10 | Sunteck TTS | $196.8 | $1,110.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
11 | BlueGrace Logistics | $180.0 | $338.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
12 | Mode Global | $145.5 | $1,254.9 est |
air/expedited (7,400), rail intermodal (204,057), LTL (375,556), dry van truckload (222,351), parcel (61,884) |
13 | Schneider | $120.0 | $800.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
14 | BNSF Logistics | $114.0 | $613.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
15 | Nolan Transportation Group | $107.0 | $811.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
16 | England Logistics | $101.0 | $508.8 est |
rail intermodal (1,204), LTL (66,876), dry van truckload (68,026), refrigerated (43,776), flatbed/heavy haul (6,383), parcel (798,219) |
17 | Allen Lund Co. | $97.0 | $653.1 est |
rail intermodal (309), LTL (97,000), dry van truckload (194,889), refrigerated (91,426), flatbed/heavy haul (8,624) |
18 | Trinity Logistics | $88.0 | $555.0 est |
rail intermodal (4,485), LTL (64,022), dry van truckload (104,572), refrigerated (52,286), flatbed/heavy haul (92,123) |
19 | Redwood Logistics | $85.0 | $500.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, parcel |
20 | Werner Enterprises | $81.9 | $518.1 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
21 | FLS Transportation Services | $75.0 | $500.0 est |
air/expedited (1,850), rail intermodal (850), LTL (86,350), dry van truckload (165,000), refrigerated (31,000), flatbed/heavy haul (14,000), bulk/tank (400) |
22 | Knight-Swift Transportation | $75.0 | $436.0 est |
rail intermodal, LTL, dry van, refrigerated, flatbed/heavy haul, ocean container |
23 | ArcBest Corp. | $74.0 | $463.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
24 | Ascent Global Logistics | $70.0 | $403.1 est |
air/expedited (5,604), rail intermodal (3,150), LTL (1,049,801), dry van truckload (107,077), refrigerated (132,919), flatbed/heavy haul (17,059), bulk/tank (415) |
25 | Matson Logistics | $67.0 | $535.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
26 | Armstrong Transport Group | $63.2 | $435.6 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
27 | ReTrans | $62.2 | $364.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
28 | ATS Logistics Services dba Sureway Transportation | $60.7 | $412.1 est |
air/expedited, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
29 | Hub Group | $60.0 | $497.3 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
30 | Magnate Worldwide | $55.0 | $198.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
31 | Universal Logistics Holdings | $55.0 | $367.6 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
32 | Integrity Express Logistics | $54.8 | $412.0 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
33 | Traffix | $54.0 | $314.0 est |
rail intermodal (4,000), LTL (11,000), dry van truckload (70,000), refrigerated (40,000), flatbed/heavy haul (3,000) |
34 | PLS Logistics | $53.0 | $470.0 est |
air/expedited (413), rail intermodal (1,374), LTL (13,947), dry van truckload (85,280), refrigerated (3,749), flatbed/heavy haul (230,258), bulk/tank (1,557), parcel (1) |
35 | NFI | $49.0 | $323.0 est |
rail intermodal, LTL, dry van truckload, refrigerated |
36 | Arrive Logistics | $48.0 | $368.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
37 | MegaCorp Logistics | $46.1 | $304.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
38 | Choptank Transport | $45.0 | $300.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
39 | Cornerstone Systems | $37.0 | $318.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
40 | LoadDelivered | $34.5 | $195.6 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
41 | Circle Logistics | $34.0 | $172.0 est |
rail intermodal (1,000), LTL (1,000), dry van truckload (57,000), refrigerated (4,000), flatbed/heavy haul (35,000) |
42 | Patterson Cos. | $33.0 | $195.0 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
43 | U.S. Xpress Enterprises | $32.5 | $242.8 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
44 | ITS Logistics | $31.0 | $185.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, bulk/tank |
45 | Triple T Transport | $30.5 | $202.0 est |
rail intermodal (643), less-than-truckload (829), dry van truckload (11,886), refrigerated (60,688), flatbed/heavy haul (238) |
46 | RPM | $28.7 | $172.5 est |
LTL (8,914), dry van truckload (17,650), refrigerated (529), flatbed/heavy haul (3,042), bulk/tank (730) |
47 | USA Truck | $28.2 | $180.9 est |
rail intermodal (3,804), dry van truckload (108,737) |
48 | KAG Logistics | $28.0 | $204.9 est |
bulk/tank (850,000) |
49 | R2 Logistics | $28.0 | $215.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
50 | Pepsi Logistics Company Inc. | $26.8 | $273.3 est |
dry van truckload |
51 | Radiant Logistics | $25.3 | $214.5 est |
LTL, dry van truckload, refrigerated |
52 | U.S. Logistics | $23.0 | $155.0 est |
rail intermodal (1,200), LTL (3,000), dry van truckload (29,400), refrigerated (12,600), flatbed/heavy haul (37,800) |
53 | Armada/Sunset Transportation | $23.0 | $159.0 est |
air/expedited (600), rail intermodal (289), LTL (39,373), dry van truckload (72,000), refrigerated (7,575), flatbed/heavy haul (4,842), bulk/tank (2,080) |
54 | Geodis (North America) | $22.7 | $325.7 est |
air/expedited (9,518), rail intermodal (2,800), LTL (392,000), dry van truckload (186,000), refrigerated (480,135), flatbed/heavy haul (1,806), bulk/tank (442), parcel (15,000,000) |
55 | Buchanan Hauling & Rigging | $22.0 | $134.0 est |
dry van truckload (66,000), flatbed/heavy haul (44,000) |
56 | CAI Logistics | $22.0 | $111.0 est |
dry van truckload, LTL, flatbed/heavy haul |
57 | ROAR Logistics | $21.5 | $169.4 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
58 | Leonard's Express | $20.2 | $122.3 est |
rail intermodal (2,017), LTL (2,164), dry van truckload (32,314), refrigerated (107,614) |
59 | Watco Logistics | $20.0 | $115.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
60 | Diversified Transportation Services | $20.0 | $130.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
61 | Veritiv Operating Co. | $20.0 | $140.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
62 | D&L Transport | $19.0 | $126.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
63 | RLS Logistics | $18.0 | $82.0 est |
LTL (91,593), dry van truckload (3,679), refrigerated (30,603) |
64 | Covenant Logistics Group | $17.0 | $120.0 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
65 | Ruan | $16.0 | $100.0 est |
rail intermodal (2,000), LTL (170,000), dry van truckload (145,000), refrigerated (11,000), flatbed/heavy haul (5,000) |
66 | TransCorr National Logistics | $16.0 | $101.0 est |
rail intermodal (400), LTL (5,000), dry van truckload (82,600), refrigerated (500), flatbed/heavy haul (5,500) |
67 | FitzMark | $15.0 | $95.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated |
68 | Averitt Express | $15.0 | $101.0 est |
air/expedited (2,710), rail intermodal (3,989), less-than-truckload (39,837), dry van truckload (37,402), refrigerated (102), flatbed/heavy haul (278), bulk/tank (1), parcel (2) |
69 | Syfan Logistics | $14.8 | $84.4 est |
air/expedited, rail intermodal, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank, parcel |
70 | Amino Transport | $14.5 | $77.9 est |
LTL, dry van truckload, flatbed/heavy haul, refrigerated, rail intermodal |
71 | Marten Transport | $14.1 | $86.4 est |
refrigerated (51,104) |
72 | Genpro Inc. | $14.0 | $130.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
73 | Becker Logistics | $13.2 | $80.5 est |
rail intermodal (1,083), LTL (1,967), dry van truckload (40,916), refrigerated (8,526) |
74 | Fastmore Logistics | $13.1 | $60.3 est |
air/expedited (16,887), dry van truckload (22,549), refrigerated (683), flatbed/heavy haul (55) |
75 | CRST The Transportation Solution | $13.0 | $106.6 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
76 | Magellan Transport Logistics | $13.0 | $79.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, flatbed/heavy haul |
77 | Mid America Logistics | $12.9 | $111.9 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
78 | Koch Logistics | $12.5 | $85.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
79 | Dart Advantage Logistics | $12.4 | $87.0 est |
rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
80 | Axle Logistics | $12.3 | $81.6 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
81 | ISG Transportation | $12.0 | $100.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul |
82 | Visible Supply Chain Management | $12.0 | $80.0 est |
air/expedited (386), rail intermodal (28), LTL (70,714), dry van truckload (16,961), refrigerated (6,975), flatbed/heavy haul (273), bulk/tank (37) |
83 | Eagle Transportation | $11.9 | $94.7 est |
rail intermodal, LTL, dry van truckload, flatbed/heavy haul |
84 | Kingsgate Logistics Services | $11.9 | $68.9 est |
air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank |
85 | Amstan Logistics | $11.7 | $105.8 est |
LTL, dry van truckload, refrigerated, flatbed/heavy haul |
86 | Dupré Logistics | $11.2 | $85.5 est |
rail intermodal (1,916), LTL (249), dry van truckload (45,353), refrigerated (2,015), flatbed/heavy haul (941), bulk/tank (1,910) |
87 | Avenger Logistics | $11.1 | $63.1 est |
air/expedited (1,050), rail intermodal (105), LTL (2,210), dry van truckload (11,405), refrigerated (1,817), flatbed/heavy haul (16,730), bulk/tank (500) |
88 | SPI International | $11.0 | $72.0 est |
rail intermodal (4,295), LTL (3,515), dry van truckload (11,715), refrigerated (10,153), flatbed/heavy haul (9,372) |
89 | Scout Logistics | $11.0 | $95.0 est |
dry van truckload |
90 | Automated Logistics Systems | $11.0 | $53.0 est |
air/expedited, rail intermodal, LTL, dry van truckload, flatbed/heavy haul |
91 | J.H. Rose Logistics | $10.5 | $70.0 est |
rail intermodal, LTL, dry van truckload, refrigerated |
92 | Bay & Bay Transportation | $10.2 | $75.9 est |
rail intermodal, LTL, dry van truckload, refrigerated |
93 | Legacy Supply Chain Services | $10.1 | $73.0 est |
air/expedited (750), rail intermodal (4,000), LTL (500), dry van truckload (13,000), refrigerated (1,800), flatbed/heavy haul (150) |
94 | Sunset Pacific Logistics Inc. | $10.1 | $31.3 est |
LTL (14,560), dry van truckload (2,120) |
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
Former Employees Looking to Buy Convoy, Report Says
CN Railway Misses Estimates as Consumer Goods Shipments Drop
Canadian National Railway Co. spelled out a challenging picture for the economy as earnings fell short of expectations in the third quarter, partly due to falling demand for consumer goods.
TFI Third-Quarter Profit Dives 45.6% on Weak Freight Market
TFI International profits in the third quarter slumped 45.6% year-over-year, with the Canadian company primarily citing weaker market conditions, especially in the truckload market.
Federal Grant to Improve Access at Indiana Agribusiness Park
Secretary of Commerce Gina Raimondo announced a $1.75 million grant to a rural Indiana county to provide better access for heavy trucks at an agricultural business park.
Ryder to Buy Impact Fulfillment Services
Ryder System Inc. is to buy IFS Holdings, also known as Impact Fulfillment Services (IFS), for an undisclosed sum, the Miami-based company said Oct. 23.
Tonnage Dips 4.1% in September
Truck tonnage slumped 4.1% in September compared with year-ago levels, the steepest annual drop in nearly three years and an indication that the U.S. freight market remains turbulent.
Walmart Chooses Georgia Site for Dairy Facility
Georgia Gov. Brian Kemp announced that Walmart Inc. will invest $350 million to open a new dairy facility along the Interstate 75 freight corridor. Operations are expected to begin in 2025.
Crews Clear Wreckage on Highway Near New Orleans
NEW ORLEANS — Crews worked into Tuesday morning clearing the wreckage of more than 150 vehicles involved in a series of crashes the day before on Interstate 55 near New Orleans.
October 24, 2023At Least 7 Dead in Massive Louisiana Pileups Due to ‘Superfog’
NEW ORLEANS — At least seven people were killed after a “superfog” of smoke from south Louisiana marsh fires and dense fog caused multiple massive car crashes Oct. 23 involving 158 vehicles.
October 23, 2023CSX Quarterly Profit Falls 24%, but Efficiency Improves
OMAHA, Neb. — CSX reported a 24% drop in the railroad’s third-quarter profit Oct. 19 as it hauled 2% less freight, but the CEO said customers are noticing that its trains are running more smoothly.