Top 50 US Third-Party Logistics Providers of 2024

Ryder, TQL, and C.H. Robinson rank in the top ten. Find out what other companies made it to the top fifty 3PL providers by revenue, as compiled by Armstrong & Associates, Inc.

Top 50 US Third-Party Logistics Providers of 2024

2023 was a rollercoaster for third-party logistics (3PL) providers. Rates tanked, fuel prices soared, and finding talent became a nightmare. Warehouse space? Tight. Regulations? Increased. And disruptions? Frequent. Shippers were all about cutting costs and managing inventories better.

Key Challenges:

  • Economic Downturn: The top challenge for 3PLs, according to Transport Intelligence (Ti).
  • Rising Costs: Fuel prices and operational costs are through the roof.
  • Increased Competition: New players in the market are pushing prices down.

Despite the challenges, here is the list of top-performing U.S. 3PL providers by revenue. This list comes from the leading 3PL consulting and research company Armstrong & Associates, Inc.

Top 10 U.S. 3PLs

  1. Amazon**: $140.1 billion
  2. C.H. Robinson: $16.7 billion
  3. J.B. Hunt: $12.5 billion
  4. UPS Supply Chain Solutions: $11.5 billion
  5. GXO Logistics: $9.8 billion
  6. Kuehne + Nagel (Americas): $9.6 billion
  7. Expeditors: $9.3 billion
  8. Ryder Supply Chain Solutions: $7.7 billion
  9. Total Quality Logistics: $6.9 billion
  10. DSV (North America): $6.0 billion

You can view the full top 50 list here.

*Revenues cover all four 3PL segments (DTM, ITM, DCC, and VAWD), are company-reported or A&A estimates, and have been converted to USD using the annual average exchange rate. **Revenue shown is that of Amazon’s Third-Party Seller Services business segment, including its 3PL operations as well as commissions and any related fulfillment and shipping fees, and other third-party seller services. Based on its 3PL warehousing footprint and e-commerce fulfillment focus, Armstrong & Associates estimates most of this segment’s revenue is from 3PL services. Copyright © 2024 Armstrong & Associates, Inc.

Sources: Armstrong & Associates/SupplyChain247

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