Palletways, one of several groups offering shippers a palletized freight network in Europe, says it plans eastward expansion as cross-border volume within its network grows.
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
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.
19 Feb 2015
Multimodal logistics operator XPO sees opportunities as well as challenges in the West Coast container pileup, as shippers struggle to move freight inland.
05 Feb 2015
Rising container volumes and pricing pushed up C.H. Robinson ocean forwarding revenue in late 2014, and the logistics operator is considering expansion in new trade lanes, particularly Asia to Europe.
04 Feb 2015
Capacity constraints, particularly in its core U.S. truckload market, are pushing rates, revenue and profit higher for the largest U.S. logistics company.