J.B. Hunt Transport Services posted a 30.4% year-over-year decrease in profits in the third quarter, undershooting analyst expectations as revenues declined at each of the carrier’s operating units.
October 17, 2023Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Ocean Freight Forwarders
Rank | Company | Headquarters | Ocean Containers |
---|---|---|---|
1 | Kuehne + Nagel | Switzerland | 4,690,000 |
2 | Sinotrans Ltd. | China | 3,360,300 |
3 | DHL Supply Chain & Global Forwarding | Germany | 3,225,000 |
4 | DB Schenker | Germany | 2,219,000 |
5 | Panalpina Inc. | Switzerland | 1,484,100 |
6 | DSV A/S | Denmark | 1,442,348 |
7 | Kerry Logistics | Hong Kong | 1,196,607 |
8 | Expeditors International of Washington | United States | 1,167,820 |
9 | C.H. Robinson Worldwide | United States | 1,000,000 |
10 | Hellmann Worldwide Logistics | Germany | 901,698 |
11 | Bollore Logistics | France | 864,000 |
12 | Fr. Meyer's Sohn | Germany | 850,000 |
13 | Ceva Logistics | France | 786,600 |
14 | LF Logistics | Hong Kong | 778,796 |
15 | Geodis | France | 777,675 |
16 | Yusen Logistics | Japan | 774,822 |
17 | Agility Logistics | Kuwait | 710,000 |
18 | Nippon Express | Japan | 686,206 |
19 | Kintetsu World Express | Japan | 663,915 |
20 | OOCL Logistics | Hong Kong | 646,000 |
21 | Damco/Maersk Logistics | The Netherlands | 639,132 |
22 | UPS Supply Chain Solutions | United States | 600,000 |
23 | Logwin AG | Luxembourg | 600,000 |
24 | Worldwide Logistics Ltd. | China | 580,325 |
25 | Hitachi Transport System | Japan | 532,000 |
26 | Dachser SE | Germany | 522,300 |
27 | Toll Global Forwarding | Australia | 503,400 |
28 | China Resources Logistics (Group) | Hong Kong | 500,000 |
29 | Honour Lane Shipping | Hong Kong | 447,846 |
30 | Mallory Alexander International Logistics | United States | 400,000 |
31 | Kingway Transportation Company | China | 400,000 |
32 | Cargo-Partner | Austria | 314,067 |
33 | Mainfreight Ltd. | New Zealand | 311,586 |
34 | BDP International | United States | 302,000 |
35 | Chinatrans International Logistics | China | 300,000 |
36 | CJ Logistics | South Korea | 279,802 |
37 | Zhejiang Jiulong International Logistics | China | 250,000 |
38 | Dimerco Express Group | Taiwan | 241,300 |
39 | Nissin Corp. | Japan | 215,000 |
40 | De Well Group | China | 210,000 |
41 | Cargo Services Far East | Hong Kong | 200,000 |
42 | Sino-Ocean Group | China | 192,000 |
43 | Zhejiang Chasen Freight Forwarding | China | 180,000 |
44 | CWT Pte. Ltd. | Singapore | 170,000 |
45 | NNR Global Logistics | Japan | 167,100 |
46 | EFL | Sri Lanka | 164,495 |
47 | Topocean Group Inc. | United States | 156,000 |
48 | Long Sail International Logistics | China | 150,000 |
49 | Noatum Logistics | Spain | 141,000 |
50 | TransGroup Global Logistics | United States | 140,200 |
51 | OIA Global | United States | 130,000 |
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
J.B. Hunt Q3 Profit Slides 30.4% Year-Over-Year
Broken Rail May Have Caused Derailment That Killed Trucker
A broken rail caused a train derailment that collapsed a bridge over I-25 in Colorado, killing a truck driver, federal authorities said Oct. 17, based on their preliminary investigation.
Iowa Extends Overweight Loads Limit Until Nov. 11
Iowa Gov. Kim Reynolds has extended through Nov. 11 the state’s seasonal grain harvest proclamation allowing overweight loads for vehicles transporting agricultural products.
Flexport Lays Off 165 Employees
Freight logistics company Flexport has laid off 165 employees from its Bellevue, Wash., office, part of broad job cuts that will impact 20% of the workforce.
Camera Rule Slammed Because It Doesn’t Include Freight Rail
Passenger railroads will be required to install video recorders inside locomotives, but the rule excludes freight trains like the one that derailed and caught fire in East Palestine, Ohio.
GSA Is Moving Ahead to Rebuild Two Maine Land Ports of Entry
Two freight land ports from Maine to Canada are getting closer to being revamped as part of the U.S. General Services Administration's $3.4 billion infrastructure investment fund plan.
Port of Savannah Seeks to Deepen Shipping Lane Again
SAVANNAH, Ga. — Just 18 months after crews finished the $1 billion dredging of the Savannah River channel, the Georgia Ports Authority wants to study deepening the shipping lane again.
Canada Invests $150 Million in Container Terminal in Quebec
Canada will invest up to $150 million to build a new container terminal for the Montreal Port Authority in Contrecoeur, Quebec, to increase national supply chain capacity.
7 Roadblocks to the Widespread Adoption of Autonomous Trucking
The autonomous trucking industry is facing some headwinds. Transport Topics shares what needs to happen for self-driving trucks to see widespread adoption.
October 10, 2023Perspective: The Past Year Has Proven the Value of Trucking
Four decades in trucking have shown me how much opportunity this industry creates.