The purchase of ReTrans, an intermodal and truck freight brokerage with more than $500 million in annual revenue, extends the reach of Kuehne + Nagel, the second-largest global 3PL, far beyond U.S. ports and into the nation's industrial heartland.
Top 50 3PLs
Top 50 3PLs
The world’s 50 largest logistics companies generated nearly $248 billion in revenue last year, up nearly 5 percent from 2013’s $237.4 billion, according to Pittsburgh-based research and consulting firm SJ Consulting Group.
Although organic growth increased, the changes in the rankings reflect a significant number of consolidations.
“Acquisitions contributed to a lot of the growth, (but) most of the top companies on the list also experienced organic growth” in 2014, said Mark D’Amico, the SJ Consulting analyst who compiled the list for The Journal of Commerce.
Helping to drive a return in revenue growth after a flat 2013 was a 2.6 percent expansion in world trade last year, up from 2.1 percent a year earlier, according to World Trade Organization data.
News & Analysis
06 Aug 2015
Expeditors International made more gains in air freight and ocean container volume in the second quarter, despite the fading impact of the West Coast port crisis, which gave trans-Pacific air cargo more lift. That helped the forwarder boost both net revenue and profit.
31 Jul 2015
The $1.8 billion acquisition of Coyote Logistics adds truckload brokerage to UPS's transportation portfolio, giving it new inroads to shippers and freight, and promises greater efficiency for its package network.
21 Jul 2015
Strong demand for outsourced services will help U.S. logistics suppliers expand and encourage more mergers and acquisitions, a consultant told Stifel investors.
29 Apr 2015
As the U.S. economy came screeching to a halt in the first quarter — at least those parts that contribute to gross domestic product growth — UPS improved revenue, shipment volumes and profit, a sign that things may not be as bad as the economic indicators seem to say.
28 Apr 2015
The acquisition of French logistics giant Norbert Dentressangle will create new global opportunities for XPO, boosting its annual revenue to $8.5 billion.
01 Apr 2015
Although its last fiscal year was ugly, UTi Worldwide is optimistic about the year ahead, and expects to grow its freight forwarding and logistics businesses. A surge in air freight in February and March attributed to U.S. West Coast port congestion helped.
When UPS on Jan. 23 pre-announced fourth-quarter earnings, it shouldn’t have been a surprise. Yet some analysts said they were “troubled by the company’s inability to get peak (operating expenses) right during what is increasingly becoming the most important quarter of the year” and were concerned “that UPS got the service but not the cost, which is going to leave the market wondering if it can only have one or the other.”