Top 50 3PLs

Top 50 3PLs

Buoyed by the growth of the US domestic transportation management, the revenue of the 50 largest logistics companies increased 10.3 percent to $253 billion in 2017, according to Pittsburgh-based reseach and consulting firm SJ Consultng — good for a 10.2 percent growth rate. Further given the streghening global economy in late 2017/early 2018, analysts expect 2018 to be another year of substantial growth.

Buzz word / key phrase for 2018: "Adapt or else." 

Beyond that, the buzz words / key phrase for the sector is, “Adapt or else.” Consulting firm and anayst Armstrong & Associates noted that the rapid expansion of e-commerce will continue in 2018, as will the focus on supply chain visibility. Also, complete, integrated services are becoming paramount fo 3PLs, which are working to establish visibility in into all locations. “Simultaneously, from the customer side there’s is a need to be timely. They are placing much more emphasis on proper timing,” Armstrong said, as is integrating all services so that customers have one contact person. That’s the future, Armstrong noted.

Top 50 3PLs 2018 Ranking

Top 50 3PLs 2017 Ranking

Special Coverage

Walmart remained atop the list of the 100 largest US importers by a wide margin in 2019, while Koch Industries retained to the No. 1 export spot.

News & Analysis

16 Jul 2020
Trucking operators tell JOC.com ocean carrier Zim’s decision to add Norfolk Southern Railway’s Croxton rail yard in Jersey City as a satellite for empty container returns will add unproductive miles to their day.
15 Jul 2020
Moroun made the trucking real estate deal of the century when he acquired the Ambassador Bridge in 1979 and shaped the flow of goods between the US and Canada for decades.
15 Jul 2020
When implementing environmental policy, West Coast elected officials are urged to balance clean-air goals with the burden of increased cost of goods movement.
15 Jul 2020
CEVA Logistics has expanded the digital tools it offers shippers, part of a growing trend of global 3PLs providing self-service capabilities around quoting and visibility to transaction-oriented shippers.
15 Jul 2020
Railroads will have to rethink how they move freight if the American workplace permanently shifts from centralized city offices to telecommuting in homes.
15 Jul 2020
Freight broker Convoy has enabled small carriers to bid for long-term dedicated freight contracts, expanding the pool of carriers shippers can access to secure such capacity.
15 Jul 2020
The Port of New Orleans will use information from sensors attached to commercial tugs and barges to better position dredgers to keep sediment levels under control.
15 Jul 2020
Capital spending cutbacks in the oil and gas sector foreshadow a painful lack of project cargo logistics providers, but the industry could also benefit from the trillions of dollars expected in stimulus spending during the economic recovery from the COVID-19 pandemic.
15 Jul 2020
This week’s episode of JOC Uncharted features a one-on-one conversation with Shipamax CEO Jenna Brown, and a second-half economic outlook from IHS Markit chief economist Dr. Nariman Behravesh.
14 Jul 2020
Microsoft continues to build on its position as a provider of web services to the logistics industry via an expanded relationship with C.H. Robinson, North America’s largest freight broker.
14 Jul 2020
Truck turn times in the ports of Los Angeles and Long Beach continue to improve, but truckers seek more timely information from carriers and terminals so they can further reduce visit times.
14 Jul 2020
CMA CGM’s decision to no longer directly serve Port Tampa Bay leaves the Florida port with two direct Asia container services.
14 Jul 2020
Carriers may need to go beyond blank sailings to manage capacity if new and sustained outbreaks of COVID-19 cause a prolonged downturn in consumer demand, says Drewry.
14 Jul 2020
Bangladesh’s maritime regulator implemented the quarantine in February just as the coronavirus disease 2019 (COVID-19) began spreading globally.
13 Jul 2020
Some US importers are already trying to get ahead of a potential escalation in tariffs on EU goods by front-loading cargo.
13 Jul 2020
By launching a door-to-door, less-than-truckload business in Savannah, Forward Air is adding more freight and building density in its airport-to-airport network.
13 Jul 2020
Roughly 90 percent of carriers in the highly fragmented US drayage sector generate less than $4 million in annual revenue, and these smaller providers could be at risk of bankruptcy due to skyrocketing insurance premiums.
13 Jul 2020
US land-based heavy transport has largely been able to continue during the COVID-19 pandemic thanks to its designation as an essential service, but like other parts of the project supply chain, the sector could see waning demand as the oil and gas industry pulls back on capital expenditures.
13 Jul 2020
Multi-billion-dollar impairments recently announced by oil majors like Shell and BP provide a glimpse of the potentially seismic changes taking place in the global energy market, a critical source of project cargo.
10 Jul 2020
A new waterborne service has debuted between Chittagong and Kolkata, saving time and money for shippers.
10 Jul 2020
Adani Group has pulled the plug on a $39.4 million deal it unveiled in December to acquire a controlling stake in India domestic cold chain logistics leader Snowman Logistics Ltd.
10 Jul 2020
Cosco Shipping's partnership with Alibaba and the group’s finance arm Ant Financial, which will primarily focus on using blockchain to track containerized goods globally, fits into China’s larger goal of creating a digital silk road threading through its Belt and Road initiative.
10 Jul 2020
With COVID-19 flare-ups endangering reopenings across the country, the road to recovery for US shippers and transportation providers will likely look more like a mountain switchback than a sharp incline.
10 Jul 2020
Banyan Technology believes pricing intelligence tools will give less-than-truckload carriers more profits and shippers more savings, changing relationships and contracting.
10 Jul 2020
Better operations and economics may help to retain or even regain some of the freight that the Los Angeles-Long Beach port complex has lost to sourcing shifts, but some cargo can’t be won back.
09 Jul 2020
Imports from Asia and China rebounded in June as a number of US retailers reopened, but consumer demand could pull back later this summer if stores are forced to close again due to the spike in COVID-19 cases.
09 Jul 2020
US Payroll Protection Program loans, once forgiven, will give small trucking outfits a chance to invest in much-needed technology, a tax and accounting advisory firm says.
09 Jul 2020
An appellate court has denied the commission’s request for a rehearing of an earlier decision that would shift responsibility for background checks and criminal investigations at the largest US East Coast port to New Jersey state police.
09 Jul 2020
Escalating losses from weak demand and an uncertain — and uneven — recovery are pushing European trucking companies to the edge, a new report shows.
09 Jul 2020
Uber Freight has expanded its network of transportation management system integrations by piping its instantly available capacity into the Blue Yonder freight execution system.
09 Jul 2020
For so-called black swan events such as COVID-19, there’s little chance that logistics managers will have had the foresight to have a traditional plan ready for a pandemic or disruption caused by an unexpected natural disaster.
08 Jul 2020
Despite a slightly improved forecast for US imports, retailers are being conservative in their purchase orders with Asian factories, pointing to a dismal peak shipping season compared to recent years.
08 Jul 2020
London-based digital cargo insurer Loadsure partners with Chicago-based Transship to more fully automate refrigerated containerized exports.
08 Jul 2020
A machine learning software provider is tackling the problem forwarders and customs brokers face in converting the information within core shipping documents into usable data.
08 Jul 2020
Jaxport’s $484 million project, due to be complete in 2023, will provide a wider vessel turning basin and the ability to handle two post-Panamax vessels simultaneously in SSA’s Blount Island Terminal.
08 Jul 2020
Container lines can either keep up the capacity discipline they showed in the first half and be on track to end the year with $9 billion in profit, or lose $7 billion if they can’t, according to SeaIntelligence Maritime Consulting.

Commentary

The reason blockchain has so much appeal to owner-operator truckers is that it puts them on an equal footing with their larger competitors.

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