Oaktree Capital Management-backed STG Logistics reached a deal with a group of lenders that overhauls its debt stack and allows them to jump ahead of peers in the repayment priority line.
October 4, 2024Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Ocean Freight Forwarders
Rank | Company | Headquarters | Ocean Containers |
---|---|---|---|
1 | Kuehne + Nagel | Switzerland | 4,613,000 |
2 | Sinotrans Ltd. | China | 3,750,000 |
3 | DHL Supply Chain & Global Forwarding | Germany | 3,142,000 |
4 | DSV A/S | Denmark | 2,900,000 |
5 | DB Schenker | Germany | 2,215,000 |
6 | LX Pantos | South Korea | 1,658,000 |
7 | C.H. Robinson Worldwide | United States | 1,500,000 |
8 | Ceva Logistics | France | 1,269,000 |
9 | Kerry Logistics | Hong Kong | 1,229,298 |
10 | Expeditors International of Washington | United States | 1,047,725 |
11 | CTS International Logistics | China | 1,021,007 |
12 | Hellmann Worldwide Logistics | Germany | 905,100 |
13 | Geodis | France | 900,866 |
14 | Fr. Meyer's Sohn | Germany | 850,000 |
15 | Worldwide Logistics Group | China | 840,060 |
16 | Bollore Logistics | France | 826,000 |
17 | OOCL Logistics | Hong Kong | 750,000 |
18 | Nippon Express | Japan | 747,624 |
19 | Yusen Logistics | Japan | 723,000 |
20 | Logwin AG | Luxembourg | 715,000 |
21 | AllCargo Logistics | India | 684,000 |
22 | Kintetsu World Express | Japan | 640,063 |
23 | UPS Supply Chain Solutions | United States | 620,000 |
24 | Savino Del Bene | Italy | 602,500 |
25 | Cargo Services Far East | Hong Kong | 600,000 |
26 | Dachser SE | Germany | 530,000 |
27 | Toll Group | Australia | 523,300 |
28 | Honour Lane Shipping | Hong Kong | 507,886 |
29 | Hitachi Transport System | Japan | 441,000 |
30 | Asia Shipping Transportes Internacionais | Brazil | 421,965 |
31 | Long Sail International Logistics | China | 360,000 |
32 | Mainfreight Ltd. | New Zealand | 347,638 |
33 | Seko Logistics | United States | 340,000 |
34 | Alonso Forwarding | Spain | 306,090 |
35 | Clasquin | France | 272,228 |
36 | EFL | Sri Lanka | 270,553 |
37 | AWOT Global Logistics Group | China | 250,310 |
38 | Scan Global Logistics A/S | Denmark | 245,000 |
39 | Dimerco Express Group | Taiwan | 239,112 |
40 | Nissin Corp. | Japan | 205,000 |
41 | A. Hartrodt | Germany | 180,000 |
42 | NNR Global Logistics | Japan | 169,687 |
43 | Gebrüder Weiss | Austria | 141,000 |
44 | TVS Supply Chain Solutions | India | 140,000 |
45 | Maersk Logistics | Denmark | 133,452 |
46 | Matson | United States | 102,454 |
47 | AIT Worldwide Logistics | United States | 97,869 |
48 | Mode Global | United States | 76,000 |
49 | ITG Transportation Services | United States | 70,000 |
Top 100 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 100 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 100 list.
Extras
STG Logistics Cuts Debt Deal That Upends Creditor Ranks
Maersk Expects IMO to Approve Global CO2 Levy in 2025
Shipping giant A.P. Moller-Maersk A/S expects the industry’s global regulator next year to approve a charge on vessels’ greenhouse gas emissions.
Global Shipping Stocks Sink After Dockworkers Pause Strike
Shipping stocks slumped worldwide after a strike by U.S. dockworkers was suspended after only three days, spurring predictions of a decline in the price of transporting goods by sea.
October 4, 2024Cargo Theft Experts Warn of Peak Season Fraud
The trucking industry expects an uptick in cargo theft activity, related to peak shipping season, on top of already elevated conditions, experts warned.
Port Strike Sparks High Demand for Toilet Paper at Retailers
During visits to Costco stores in northern New Jersey, Oppenheimer analyst Rupesh Parikh said his team “observed behaviors similar to the start of the pandemic.”
DSV Starts $5.5 Billion Share Sale for DB Schenker Takeover
DSV received commitments from investors for more than half of a $5.5 billion sale of new shares as the Danish freight-forwarding company finances its takeover of DB Schenker.
Biden Urges Dockworkers, USMX to Resume Talks
President Joe Biden ratcheted up pressure on U.S. port employers and shipping lines to restart talks with striking dockworkers, warning that the unfolding strike could turn into a “man-made disaster.”
IANA Appoints Anne Reinke as New President and CEO
Reinke will officially step into the role at the end of the year, succeeding Joni Casey, who is retiring after 27 years of service.
October 3, 2024Amazon, Target and Other Retailers Ramp Up Holiday Hiring
Retailers are ramping up hiring for the holiday season, but fewer seasonal employees are expected to be taken on this year to help customers in stores and assemble online orders in warehouses.
Deutsche Bahn Approves Logistics Unit Sale to DSV
DSV won approval to buy Deutsche Bahn’s logistics unit for $15.8 billion, overcoming resistance from German labor unions and late attempts by a rival bidder to derail the deal.