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
13 Oct 2015
An alliance with Mallory Alexander International Logistics will drive Old Dominion Freight Line deeper into shipper's global supply chains.
09 Sep 2015
XPO Logistics plans to buy $5.8 billion Con-way, the parent of LTL giant Con-way Freight, Menlo Logistics and Con-way Truckload.
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.