Transport Topics, in partnership with Armstrong & Associates, has released the 2024 Top 100 Logistics Companies list, offering a comprehensive look at the biggest players in the North American logistics industry.
Highlights from the List:
- Amazon's Debut: Jumping straight to #1 with $140 billion in gross revenue.
- Convoy's Closure: The digital freight broker closed down, leaving a noticeable gap.
Amazon's Impressive Entry
Amazon has not only entered the list but dominated it by claiming the top spot. Its vast range of logistics services and massive revenue generation set it apart from the competition.
Industry Dynamics
- Mergers & Acquisitions: The industry continues to consolidate, leading to a lot of movement on the list.
- Freight Recession Impacts: Many companies saw revenue declines due to ongoing excess capacity and lower freight rates.
Key Stats:
- 75% of companies reported lower revenues compared to last year.
- The steepest decline was seen by Expeditors International of Washington, which dropped to #7 from #2, as its revenue fell by more than 45%.
Top 25 Logistics Companies
Rank This Year |
Rank Last Year |
Company Name |
Gross Revenue (Millions) |
Net Revenue (Millions) |
1 |
- |
Amazon.com Inc. |
$140,053 |
- |
2 |
1 |
C.H. Robinson Worldwide |
$16,746 |
$2,399 |
3 |
5 |
J.B. Hunt Transport Services |
$12,510 |
$4,690 |
4 |
4 |
UPS Supply Chain Solutions |
$11,461 |
$6,850 |
5 |
6 |
GXO Logistics |
$9,778 |
$8,450 |
6 |
3 |
Kuehne + Nagel Americas |
$9,617 |
$2,724 |
7 |
2 |
Expeditors International of Washington |
$9,300 |
$3,246 |
8 |
10 |
Ryder Supply Chain Solutions |
$7,700 |
$5,700 |
9 |
8 |
Total Quality Logistics |
$6,866 |
$1,483 |
10 |
7 |
DSV A/S (North America) |
$6,000 |
$760 |
11 |
13 |
Armada Sunset Holdings |
$5,702 |
$218 |
12 |
11 |
Transportation Insight Holding Co. |
$5,279 |
$380 |
13 |
9 |
Uber Freight |
$5,245 |
$555 |
14 |
12 |
DHL Supply Chain |
$5,025 |
$4,624 |
15 |
23 |
Lineage Logistics |
$5,000 |
$5,000 |
16 |
21 |
Penske Logistics |
$4,300 |
$3,300 |
17 |
27 |
Geodis (North America) |
$4,300 |
$2,750 |
18 |
15 |
Hub Group |
$4,200 |
$1,800 |
19 |
16 |
WWEX Group |
$4,019 |
$867 |
20 |
18 |
RXO |
$3,927 |
$960 |
21 |
20 |
Schneider |
$3,717 |
$1,775 |
22 |
22 |
Echo Global Logistics |
$3,600 |
$555 |
23 |
24 |
NFI |
$3,500 |
$2,700 |
24 |
14 |
Ceva Logistics (North America) |
$3,325 |
$1,500 |
25 |
17 |
DB Schenker (North America) |
$3,250 |
$1,010 |
You can view the full Top 100 Logistics Companies on Transport Topics.
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