The company went public in the fall of 2013 and is currently worth $5.62 billion on the open market. The 2020 Top 100 Trucking Companies list offers a quick overview of the trucking industry. This cover from big truckload to haulers who are known for delivering the goods and meet the deadlines. However, trends do indicate continued awareness of the benefits of using 3PLs among Fortune 101 to 1,000 companies, and according to Armstrong, this growth should hold over the foreseeable future. https://medium.com/@uss_express_reviews The overall U.S. 3PL market growth was 15.8% in 2018, the highest it has been since 2010, followed by a decline of -0.3% in 2019. Taking the last decade into consideration, 3PLs have developed business at an average of two to three times the rate of growth in the U.S. economy. After working on the lists and the supporting report, Evan Armstrong, president of the consultancy, suggests to shippers that quick, tactical solutions should not be relied upon at this moment in time.
XPO Logistics — one of the top logistics companies worldwide — is an American transportation and logistics company that operates its services in over 30 countries. The company is popular due to providing its services to over 69 of the top Fortune 100 companies and has over 50,000 customers worldwide. XPO Logistics was founded in 1989 and its current headquarters are in Greenwich, Connecticut. In 2018 XPO Logistics brought in revenues of USD 16.65 billion — making it https://www.stgusa.com/ one of the biggest logistics companies in the world in both revenues, operations and brand value. Nippon Express is a global logistics company with its headquarters in Tokyo, Japan. The list of the largest logistics companies in the world and service providers below aren’t ranked or rated in any way. Instead, we’ve highlighted some global logistics industry and providers examples, their important facts, and statistics about each company’s growth and achievements.
Top 40 Logistics Companies Ranked By Revenue
According to the World Bank’s reports, in China, from January to February the trucking sector volumes fell below 15% of the volumes recorded in 2019, and recovery was not seen until March of 2020. In April of 2020, global airfreight rates peaked as restrictions were placed on air travel and global airfreight capacity saw a decline of 38.7%. El Segundo, Calif.-based 3PL Central is a warehouse management systems leader that recently shared uss express testimonials data indicating unprecedented growth in order volume from 3PLs supporting e-commerce since the lockdown. Analyzing proprietary data from its customer base, the provider has seen an 81% increase in order volume over the same time last year and the highest order volumes per 3PL ever—on par with Black Friday in 2019. Ceva has established operations in an astounding 170 countries, having only been founded less than 10 years ago in 2006.
- As the name suggests, the company is located in Seattle, Washington, and was founded in 1979, before becoming a public trading company back in 1984.
- One of the most prominent logistics trends gaining traction in the global blockchain technology market in the logistics industry as it can increase the efficiency and transparency of supply chains.
- With a history spanning more than 15 years, eFulfillment Service caters to all business types and sizes, providing end-to-end logistics for a wide variety of eCommerce businesses.
- The Ontario-based specialized cargo airline, Cargojet operates a large-bodied Boeing fleet for Purolator.
- XPO Logistics is another international logistics provider based out of the U.S.
This is an important consideration, especially if you are involved in highly regulated spaces such as defense or gas/oil. A logistics company will start by assessing the needs of your organization. They will then develop a plan to move your products or materials from the point of origin to a fulfillment center or warehouse. If you’re considering using a third-party logistics provider, here are some of the top 3PL companies in the US. DHL allows companies to focus on their core business while they handle the process of cataloging and shipping their goods around the world.
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The term is now used widely in the business sector, particularly by companies in the manufacturing sectors, to refer to how resources are handled and moved along the supply chain. With today’s fuel prices, that’s a significant advantage when it comes to long-haul transportation costs. And that’s just one of many factors businesses must take into consideration before deciding where to locate a new manufacturing or distribution facility. According to the Iowa Department of Transportation, one barge can carry the same volume of cargo as 15 jumbo hopper rail cars, or 58 tractor-trailers.
Expeditors International is an U.S.-based freight-forwarding and logistics company. The firm is well-known for its unique compensation structure, which is quite unusual for other players of the market. In an increasingly globalized world, the logistics and shipping process can quickly become complicated, as today’s companies have multiple parts from multiple locations coming to be assembled and then shipped off again. Verde Fulfillment specializes in B2C and B2B order fulfillment, which makes it an ideal solution for wholesale businesses looking for an experienced 3PL provider. Verde’s cloud-based system provides up-to-date tracking information in real time, and can be integrated with eCommerce solutions like Shopify, Magento, and WooCommerce, among others.