The market for mergers and acquisitions in trucking is poised to stay robust, but could undergo some changes, an expert said during a recent industry event.
January 27, 2023
Up Front
Rankings
Rank This Year | Rank Last Year | Company | Net Revenue (Millions) | Gross Revenue (Millions) | Employees |
---|---|---|---|---|---|
1 | 1 | XPO Logistics | $5,238 est
|
$9,506 | - |
2 | 3 | UPS Supply Chain Solutions | $3,252 est
|
$7,981 | - |
3 | 4 | DHL Supply Chain | $2,415 est
|
$4,390 | - |
4 | 5 | C.H. Robinson Worldwide | $2,368 est
|
$14,869 | 15,074 |
5 | 6 | Expeditors International of Washington | $2,319 est
|
$6,920 | 16,944 |
6 | 2 | J.B. Hunt Transport Services | $2,315 est
|
$6,828 | - |
7 | 7 | Ryder Supply Chain Solutions | $2,297 est
|
$3,066 | - |
8 | 9 | FedEx Logistics | $1,545 est
|
$3,014 | - |
9 | 8 | Americold Logistics | $1,536 est
|
- | 11,000 |
10 | 14 | NFI | $1,468 est
|
$1,910 | 10,000 |
11 | 11 | Kuehne + Nagel Americas | $1,379 est
|
$5,541 | - |
12 | 12 | Penske Logistics | $1,360 est
|
$1,700 | 17,900 |
13 | 10 | Ceva Logistics (North America) | $1,155 est
|
$2,331 | - |
14 | 23 | Radial | $1,082 est
|
- | 6,000 |
15 | 12 | Geodis (North America) | $1,010 est
|
$1,297 | 10,000 |
16 | 16 | APL Logistics (North America) | $1,000 est
|
$1,632 | 7,600 |
17 | 18 | DB Schenker (North America) | $995 est
|
$2,870 | 7,000 |
18 | 16 | Schneider | $900 est
|
$2,330 | - |
18 | 20 | Syncreon Holdings | $900 est
|
$1,000 | - |
18 | 20 | Lineage Logistics | $900 est
|
- | - |
21 | 22 | Werner Logistics | $855 est
|
$1,211 | 5,586 |
22 | 25 | Ruan | $785 est
|
$836 | 5,362 |
23 | 24 | Neovia Logistics | $763 est
|
- | - |
24 | 34 | Ingram Micro Commerce & Lifecycle Services | $750 est
|
$800 | - |
25 | 19 | Cardinal Logistics | $723 est
|
$792 | 4,273 |
26 | 26 | Kenco Group | $556 est
|
$605 | 3,100 |
27 | 36 | Universal Logistics Holdings | $545 est
|
$933 | - |
28 | 32 | DSC Logistics | $530 est
|
- | - |
29 | 27 | Total Quality Logistics | $521 est
|
$2,934 | 4,200 |
30 | 30 | Saddle Creek Logistics Services | $510 est
|
- | 3,100 |
31 | 29 | U.S. Xpress Enterprises | $484 est
|
$661 | 3,429 |
32 | 31 | DSV A/S | $465 est
|
$2,094 | - |
33 | 28 | Hub Group | $458 est
|
$4,035 | 4,000 |
34 | 33 | Panalpina Inc. | $436 est
|
$2,381 | - |
35 | 37 | Black Horse Carriers Inc. | $413 est
|
$413 | 3,150 |
36 | 35 | TransGroup Global Logistics | $405 est
|
$905 | 1,449 |
37 | 42 | Preferred Freezer Services | $394 est
|
$394 | 2,213 |
38 | 40 | BDP International | $370 est
|
$1,300 | - |
39 | 38 | Performance Team | $368 est
|
$368 | 1,400 |
40 | 39 | Echo Global Logistics | $339 est
|
$1,943 | 2,453 |
41 | 41 | Worldwide Express/GlobalTranz | $330 est
|
$1,400 | 1,400 |
42 | 45 | Landstar System | $320 est
|
$1,940 | - |
43 | 44 | Burris Logistics | $271 est
|
$3,396 | - |
44 | Visible Supply Chain Management | $256 est
|
$286 | 1,200 | |
45 | 47 | Cowan Logistics | $254 est
|
$367 | 1,390 |
46 | 49 | Uber Freight/Transplace Inc. | $242 est
|
$2,181 | 2,050 |
47 | 48 | Fidelitone | $228 est
|
$237 | 630 |
48 | Averitt Express | $225 est
|
$287 | - | |
48 | 43 | Toll Global Forwarding | $225 est
|
$1,160 | - |
50 | 50 | Odyssey Logistics & Technology | $215 est
|
$650 | - |
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
Logistics News
Trucking M&A Expert Doesn’t Expect Slowdown
Federal Grant to Make Golden Gate Bridge Safer From Earthquakes
Protecting the safety of travelers over the Golden Gate Bridge, including 555,000 truck drivers carrying freight annually, was a key topic among Washington officials gathered in San Francisco near the iconic landmark to celebrate a $400 million federal grant for earthquake resiliency.
January 27, 2023Knight-Swift Reports Lower Q4 Results
Knight-Swift Transportation Holdings Inc. experienced a year-over-year decline in revenue and earnings during the fourth quarter of 2022, the company reported Jan. 26.
Rail Workers Still Seeking Quality-of-Life Improvements
OMAHA, Neb. — The contract imposed on railroad workers last fall didn’t resolve their quality-of-life issues, but already this year there are indications the major freight railroads are starting to address some of their concerns.
Amazon to Sell Bay Area Office Complex as Sales Growth Cools
Amazon .com Inc. is selling a vacant Bay Area office complex purchased about 16 months ago, the company’s latest effort to unwind a pandemic-era expansion that left it with a surfeit of warehouses and employees.
Positive Marijuana Tests Among Drivers Grow at Alarming Rate
Nearly 41,000 truck drivers tested positive for marijuana in 2022, a 32% increase over 2021, according to a report recently compiled from data in the Federal Motor Carrier Safety Administration’s Drug & Alcohol Clearinghouse.
Trucking Groups Not Pleased With Toll Hikes in Northeast States
Toll increases this year in Pennsylvania, New Jersey and New York are frustrating trucking companies that are having to pass on costs in the form of higher freight charges.
Bill Would Let Younger Drivers Move Freight at Ports
Legislation that aims to allow young commercial drivers to transport freight from ports was recently introduced in the U.S. House of Representatives.
Marten Transport Reports 16th Consecutive Profitable Quarter
Marten Transport reported higher fourth-quarter earnings, marking its 16th consecutive year-over-year increase.
Ports Post Strong Volume for 2022 Despite December Drop-Off
Despite a significant slowdown in the second half of 2022, two major West Coast ports approached the record-setting pace they had in 2021.
January 25, 2023