Across the major logistics market segments, 2023 brought a spate of challenges including compressed margins, rising labor costs and inflationary pressures, ensuring a down year for many.
April 12, 2024Rank This Year | Rank Last Year | Company | Net Revenue (Millions) | Gross Revenue (Millions) | Employees |
---|---|---|---|---|---|
18 | 14 | Radial | $1,082 est
|
- | 4,914 |
9 | 17 | Lineage Logistics | $1,837 est
|
- | - |
49 | Lazer Logistics | $256 est
|
$262 | 2,555 | |
44 | 44 | Visible Supply Chain Management | $290 est
|
$357 | 1,500 |
43 | Covenant Logistics Group | $298 est
|
$401 | - | |
48 | Marten Transport | $275 est
|
$412 | 3,590 | |
46 | 45 | Cowan Logistics | $281 est
|
$426 | 1,445 |
36 | 39 | Performance Team | $456 est
|
$456 | 1,750 |
34 | 35 | Black Horse Carriers Inc. | $491 est
|
$491 | 3,438 |
31 | 28 | DSC Logistics | $535 est
|
$578 | - |
29 | 30 | Saddle Creek Logistics Services | $538 est
|
$579 | 3,800 |
32 | 26 | Kenco Group | $534 est
|
$603 | 3,100 |
23 | 22 | Neovia Logistics | $763 est
|
$763 | - |
24 | 25 | Cardinal Logistics | $718 est
|
$805 | 4,245 |
28 | 31 | U.S. Xpress Enterprises | $571 est
|
$809 | 3,169 |
22 | 21 | Ruan | $900 est
|
$957 | 5,700 |
35 | 36 | TransGroup Global Logistics | $460 est
|
$1,005 | 1,449 |
41 | 50 | Odyssey Logistics & Technology | $365 est
|
$1,018 | 2,400 |
26 | 25 | APL Logistics (North America) | $665 est
|
$1,075 | 6,800 |
27 | 27 | Universal Logistics Holdings | $610 est
|
$1,148 | - |
19 | 17 | Syncreon | $1,050 est
|
$1,165 | - |
50 | GlobalTranz Enterprises | $245 est
|
$1,384 | 853 | |
20 | 21 | Werner Enterprises | $1,028 est
|
$1,465 | 6,119 |
44 | 48 | Toll Global Forwarding | $290 est
|
$1,475 | - |
13 | 23 | Ingram Micro Commerce & Lifecycle Services | $1,400 est
|
$1,500 | - |
40 | 38 | BDP International | $379 est
|
$1,552 | - |
17 | 9 | Americold Logistics | $1,158 est
|
$1,595 | 11,000 |
42 | 41 | WWEX Group | $360 est
|
$1,650 | - |
10 | 10 | NFI | $1,700 est
|
$2,000 | 10,900 |
14 | 15 | Geodis (North America) | $1,319 est
|
$2,139 | 13,549 |
8 | 12 | Penske Logistics | $1,840 est
|
$2,300 | 19,331 |
33 | 32 | DSV A/S (North America) | $522 est
|
$2,358 | - |
15 | 13 | Ceva Logistics (North America) | $1,195 est
|
$2,427 | 10,350 |
38 | 40 | Echo Global Logistics | $420 est
|
$2,440 | 2,321 |
38 | 42 | Landstar System | $420 est
|
$2,542 | - |
37 | 34 | Panalpina Inc. | $435 est
|
$2,596 | - |
16 | 17 | Schneider | $1,180 est
|
$2,711 | - |
47 | 46 | Uber Freight/Transplace Inc. | $280 est
|
$2,886 | 2,400 |
20 | 16 | DB Schenker (North America) | $1,028 est
|
$2,997 | 7,200 |
11 | 8 | FedEx Logistics | $1,625 est
|
$3,170 | - |
25 | 29 | Total Quality Logistics | $683 est
|
$3,643 | 5,500 |
6 | 7 | Ryder Supply Chain Solutions | $2,636 est
|
$3,731 | - |
3 | 3 | DHL Supply Chain | $3,809 est
|
$4,178 | - |
30 | 33 | Hub Group | $536 est
|
$4,423 | 5,370 |
12 | 11 | Kuehne + Nagel Americas | $1,579 est
|
$6,634 | 14,466 |
7 | 5 | Expeditors International of Washington | $2,620 est
|
$8,138 | 17,500 |
4 | 6 | J.B. Hunt Transport Services | $2,900 est
|
$8,214 | - |
2 | 2 | UPS Supply Chain Solutions | $4,750 est
|
$9,814 | - |
1 | 1 | XPO Logistics | $6,112 est
|
$10,850 | - |
5 | 4 | C.H. Robinson Worldwide | $2,705 est
|
$16,631 | 15,262 |
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 Market Faces Challenges Across Segments in 2023
A Year to Forget for Third-Party Logistics Providers
2023 was a generally downtrodden year for 3PLs, with plummeting transportation rates and shippers focused on right-sizing inventories and reducing logistics costs.
Amazon Takes No. 1 Spot on Top 100 Logistics List
A freight market recession, compressed broker margins and major acquisitions in 2023 have markedly altered the landscape of North America’s largest third-party logistics providers.
When Will Freight Market Conditions Improve?
Stubbornly weak freight market conditions have placed financial strain on 3PLs in recent years with an oversupply of truck capacity driving down rates and squeezing brokers’ margins.
About Us: Transport Topics' Top 100 Logistics Companies
The Transport Topics’ Top 100 Logistics Companies is a listing of the largest logistics companies in North America.
April 12, 2024Interactive Map: Where the 2024 Top 100 Logistics Companies Are in North America
Find out where the 2024 Top 100 Logistics Companies are located by regions and by state in North America with our interactive map.
April 12, 20243PLs Persevere Through Down Freight Market, TIA Leaders Say
PHOENIX — Third-party logistics providers have persevered through a tough freight market while taking action to stem a rising tide of fraud, 3PL industry leaders said.
Spot Market Rebalance Slows Amid Volatile Capacity
The spot market is struggling to rebalance as the rate of carriers exiting has slowed despite sluggish demand.
Shipping Giant MSC Vows to Fight ‘Excessive’ $63M FMC Fine
The world’s largest container carrier will push back against a proposed U.S. government fine that would rank among the stiffest penalties handed down by the Washington regulator.
Baltimore Port Closure Means 35% Drop in April Coal Exports
Closure of the Port of Baltimore — America’s second-biggest hub for coal — has choked exports of the fossil fuel, with flows expected to plunge 35% this month.