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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Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
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