A Fresh Look at North America's Top 50 Largest
Total Page：16
File Type：pdf, Size：1020Kb
The Only One-Stop Solution Your Fleet Needs. Educating the Specialized Marketing Placing Qualified Drivers Keeping Drivers and Drivers of Today and Recruitment and Mechanics in the Carriers Safe and and Tomorrow. Services for Carriers. Right Positions. Compliant. Learn More Now at TransForceGroup.com or Call (800) 308-6989 500,000k Monthly Users 1 Million+ Drivers 900k+ Driver 4000+ Drivers on Our Driver Websites in Unique Databases Applications Annually Dispatched Daily 20+ Year Partnership 24/7 Support U.S. Department of Labor 25+ Years Operating with National for On-Demand Approved Apprenticeship in the U.S. and Safety Council Compliance Consulting Program Partner Canada transforcegroup.com A Fresh Look at North America’s Top 50 Largest Logistics Companies he competitive landscape in the lo- reflection of an organization’s overall reach, Another newcomer to the Top 50 is digital gistics industry is constantly shifting. and therefore more closely aligned with our freight broker Uber Freight, which cracks the TMany large freight brokers and con- objective — to identify the largest companies list for the first time at No. 41. Parent company tract logistics providers have expanded in re- in the logistics industry. Uber Technologies, which rose to prominence cent years through mergers and acquisitions. Although most of the names on this year’s with its ride-hailing app for car passengers, has And new companies and investors have been Top 50 are familiar, this change in method- targeted freight transportation as one of its entering this growing field with their own ology reshuffles the list significantly. next major growth opportunities. Uber Freight ideas on how to manage freight transportation Freight brokers and freight forwarders now launched its load-booking app in 2017 with a more efficiently. rise in the rankings because they generate focus on automating manual processes and much higher gross revenue than net revenue streamlining transactions, particularly for small as they arrange transportation and pay carriers carriers. to move freight on behalf of their shipper cus- Other companies making their debut on the Seth Clevenger tomers. In contrast, there is generally little or Top 50 list include No. 35 AIT Worldwide Lo- Managing Editor, no difference between gross and net revenue gistics and No. 39 Capstone Logistics. Features for 3PLs that primarily provide warehousing AIT, based in Itasca, Ill., provides ocean and distribution services or dedicated con- and airfreight forwarding and freight broker- tract carriage. age services and operates 42 warehouses. At the same time, logistics providers are ad- With this new ranking system, C.H. Rob- Georgia-based Capstone Logistics offers justing to market changes such as the growing inson Worldwide, the largest freight broker freight brokerage, warehousing and fulfill- demand for e-commerce fulfillment and rising in North America by a wide margin, is now ment, last-mile delivery and transportation standards for service levels and freight visibility. No. 1 on the TT Top 50 Logistics Companies technology. The company expanded its bro- Transport Topics has produced an an- list as well. kerage capabilities through its acquisition of nual ranking of the largest companies in this Meanwhile, major changes are on the LoadDelivered Logistics in 2018. dynamic segment of the transportation busi- horizon for No. 2 XPO Logistics, which an- Transport Topics produced this Top 50 list ness for nearly two decades, but much like the nounced in December 2020 that it intends and accompanying sector rankings in coopera- industry itself, this list continues to evolve. to split into two separate, publicly traded tion with industry research and consulting firm For the 2021 edition of our Top 50 Logis- companies. Armstrong & Associates, which provided esti- tics Companies list, we’ve decided to use a The transaction, expected to close in the mates for some revenue figures in cases where different metric — gross revenue — to rank second half of 2021, will uncouple XPO’s data was not available from company manage- the largest third-party logistics providers in contract logistics business from its trucking ment or public sources. North America. and brokerage operations. Both XPO and the On a final note, we wish to recognize the That’s a departure from the methodology spinoff company, GXO Logistics, would likely role that logistics companies of all sizes have we used in years past, when we ranked com- rank high on this list next year. played in the response to the COVID-19 panies on the basis of net revenue, which is A new name on this year’s Top 50 is No. 8 pandemic. Whether managing vaccine dis- gross revenue minus the cost of purchased TI Holding Co., which operates as two sister tribution or simply arranging transportation transportation. companies — enterprise logistics provider to keep store shelves stocked, 3PLs have While gross and net revenue are both per- Transportation Insight and freight brokerage been doing their part in the fight against the fectly valid ways of examining the comparable Nolan Transportation Group. TI Holding Co. coronavirus. This historic event has illus- size and capabilities of 3PLs, we’ve come to is a portfolio company of private equity firm trated the essential nature of the work per- the conclusion that gross revenue is a better Gryphon Investors. formed every day by logistics professionals. ABOUT THE TOP 50 LIST The 2021 Top 50 Logistics Companies is a special publication of Transport Topics and is presented in cooperation with Armstrong & Associates Inc. Seth Clevenger, Transport Topics’ managing editor of features, coordinated the project with help from multiplatform coordinator Joe Antoshak. Brian Kelly designed the cover and Debra Devine created the layout. Firms wishing to participate in the 2022 Top 50 list can contact Transport Topics at [email protected]. Transport Topics’ Top 50 Logistics Companies is sponsored online by Gross Revenue (in millions) Gross Revenue Net Revenue (in millions) Net Revenue Rank 2020 2019 % Change 2020 2019 % Change Employees Description of Services C.H. Robinson Worldwide Eden Prairie, Minn. $15,490e $14,630e 5.9 $2,241 $2,414e -7.2 9,114 Air and ocean freight forwarding, custom brokerage, dedicated contract carriage, freight chrobinson.com Industry Expertise/Key Customers: 1 brokerage, intermodal and drayage, inventory (Nasdaq: CHRW) Aerospace and defense, automotive, building products, chemicals, consumer packaged goods, computers management and packaging, returned goods and electronics, durable goods, industrial and manufacturing, fashion and apparel, food and beverage, Bob Biesterfeld, management, supply chain consulting, forest and paper products, government, health care, office equipment, oil and gas, publishing, retail, rubber President and CEO transportation management, warehousing and and plastic products, telecommunications distribution XPO Logistics Greenwich, Conn. $12,107e $12,144e -0.3 $6,470e $6,334e 2.1 62,000 XPO announced plans in December 2020 to spin off its logistics segment. The transaction is xpo.com Industry Expertise/Key Customers: 2 expected to close in the second half of 2021. (NYSE: XPO) Aerospace and defense, building products, consumer packaged goods, computers and electronics, industrial and manufacturing, fashion and apparel, food and beverage, forest and paper products, health Air and ocean freight forwarding, custom Bradley Jacobs, care, oil and gas, publishing, retail, rubber and plastic products brokerage, dedicated contract carriage, freight Chairman and CEO brokerage, intermodal and drayage, inventory management and packaging, order fulfillment, returned goods management, supply chain consulting, transportation management, warehousing and distribution UPS Supply Chain Solutions Alpharetta, Ga. $11,048 $9,302 18.8 $5,565e $4,690e 18.7 77,000 Air and ocean freight forwarding, custom brokerage, dedicated contract carriage, ups.com Industry Expertise/Key Customers: 3 freight brokerage, inventory management Aerospace and defense, automotive, consumer packaged goods, computers and electronics, (UPS Inc.) and packaging, order fulfillment, returned durable goods, industrial and manufacturing, fashion and apparel, government, health care, retail, Philippe Gilbert, President goods management, supply chain consulting, telecommunications transportation management, warehousing and distribution Expeditors International of Washington Seattle $10,116 $8,175 23.7 $2,927 $2,636 11 17,908 Air and ocean freight forwarding, cross-border services, custom brokerage, order fulfillment, expeditors.com Industry Expertise/Key Customers: 4 returned goods management, transportation Aerospace and defense, automotive, computers and electronics, fashion and apparel, food and beverage, (Nasdaq: EXPD) management, warehousing and distribution health care, oil and gas, retail Jeffrey Musser, President and CEO J.B. Hunt Transport Services Lowell, Ark. $9,198 $8,788 4.7 $3,045e $3,410e -10.7 23,000 Dedicated contract carriage, freight brokerage, intermodal and drayage, supply chain consulting, jbhunt.com Industry Expertise/Key Customers: 5 transportation management (Nasdaq: JBHT) Aerospace and defense, automotive, building products, chemicals, consumer packaged goods, computers and electronics, durable goods, industrial and manufacturing, fashion and apparel, food and beverage, John Roberts, forest and paper products, government, health care, office equipment, oil and gas, publishing, retail, rubber President and CEO and plastic