Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted May 9 to elect three of the board members an activist investor nominated.
May 9, 2024Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Dry Storage Warehousing Firms
Rank | Company | Total Space (Millions of Sq.Ft.) | No. of Warehouses |
---|---|---|---|
1 | DHL Supply Chain | 115.0 | 417 |
2 | XPO Logistics | 65.0 | 298 |
3 | FedEx Logistics | 43.0 | 180 |
4 | Americold Logistics | 40.0 | 180 |
5 | Ryder Supply Chain Solutions | 40.0 | 279 |
6 | OHL | 36.0 | 130 |
7 | Ceva Logistics (North America) | 33.0 | 164 |
8 | UPS Supply Chain Solutions | 32.2 | 535 |
9 | Kenco Group | 31.0 | 90 |
10 | NFI | 27.5 | 90 |
11 | DB Schenker (North America) | 27.0 | 82 |
12 | Lineage Logistics | 26.0 | 113 |
13 | UTi Worldwide | 26.0 | 230 |
14 | Neovia Logistics | 24.0 | 112 |
15 | DSC Logistics | 23.0 | 63 |
16 | Penske Logistics | 21.0 | 81 |
17 | Saddle Creek Logistics Services | 17.1 | 41 |
18 | Kuehne + Nagel Americas | 15.1 | 75 |
19 | Warehouse Services Inc. | 14.0 | 30 |
20 | WSI Inc. | 14.0 | 52 |
21 | Ingram Micro Commerce & Lifecycle Services | 12.4 | 132 |
22 | APL Logistics (North America) | 10.7 | 35 |
23 | United States Cold Storage | 8.9 | 35 |
24 | Kane Is Able Inc. | 8.0 | 25 |
25 | Technicolor Global Logistics | 8.0 | 21 |
26 | Preferred Freezer Services | 7.4 | 35 |
27 | Performance Team | 7.0 | 25 |
28 | Legacy Supply Chain Services | 6.5 | 42 |
29 | Port Logistics Group | 6.0 | 15 |
30 | Schneider | 6.0 | 12 |
31 | WOW Logistics | 6.0 | 20 |
32 | Syncreon | 5.5 | 47 |
33 | Universal Logistics Holdings | 5.1 | 48 |
34 | Landair Dedicated | 5.0 | 12 |
35 | United Facilities | 5.0 | 9 |
36 | Verst Group Logistics | 5.0 | 19 |
37 | Comprehensive Logistics | 4.7 | 14 |
38 | VersaCold Logistics Services | 4.4 | 33 |
39 | Averitt Express | 4.0 | 107 |
40 | D+S Distribution | 4.0 | 21 |
41 | RGL Logistics | 3.5 | 15 |
42 | SCI Group | 3.2 | 30 |
43 | Barrett Distribution | 3.0 | 14 |
44 | Celadon Group | 3.0 | 13 |
45 | Keller Logistics Group | 3.0 | 8 |
46 | Wagner Logistics | 3.0 | 13 |
47 | Yusen Logistics | 3.0 | 64 |
48 | Pilot Freight Services | 2.8 | 70 |
49 | Burris Logistics | 2.6 | 17 |
50 | Weber Logistics | 2.5 | 10 |
51 | A & R Logistics | 2.2 | 10 |
52 | Matson Logistics | 2.1 | 6 |
53 | Evans Distribution Systems | 2.0 | 11 |
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
Activist Investor Wins 3 Norfolk Southern Board Seats
House to Examine Baltimore Bridge Collapse May 15
WASHINGTON — A House panel this month will review concerns associated with efforts at the Port of Baltimore, where crews will eventually rebuild the Francis Scott Key Bridge.
Nikola Q1 Loss Narrows; Cost of Truck Production Soars
Losses at Nikola in the first quarter narrowed year-over-year, and executives are more bullish than in previous quarters about the truck maker’s prospects even as production costs soar.
Tornadoes Destroy Michigan FedEx Facility but Workers Safe
PAVILION TOWNSHIP, Mich. — Two reported tornadoes struck a Michigan city and the surrounding area May 7, destroying homes and commercial buildings, including a FedEx facility.
May 8, 2024GXO Posts Net Loss, but Revenue Increases to $2.46B in Q1
GXO Logistics experienced a decline in earnings on an increase in revenue to $2.46 billion during the first quarter of 2024, the company reported May 7.
WattEV’s Bakersfield Battery-Electric Charging Depot Opens
WattEV opened a battery-electric charging depot in Bakersfield, Calif., on May 6, its largest yet, the company said.
C.H. Robinson Automates Email Responses With AI
C.H. Robinson says it has launched an artificial intelligence platform that automates responses to email requests from shippers seeking answers to commonplace inquiries.
UPS Finance Chief to Leave Parcel Giant to Focus on Health
UPS Inc.’s top financial executive, Brian Newman, plans to leave the company June 1 in order to focus on his personal health, the shipping giant said May 6.
XPO Posts Q1 Net Income Rise of 294% Despite Tough Market
XPO Inc. experienced a 294.1% increase in earnings year-over-year despite a soft freight environment during the first quarter of 2024, the company reported May 3.
I-95 in Connecticut Closed for Days as Crash Damages Bridge
NORWALK, Conn. — Workers on May 3 began removing a bridge over a Connecticut highway that was damaged in a fiery crash — a project expected to keep both sides of I-95 closed through the weekend.
May 3, 2024