Business & Investment

Review of Top 50 Logistics Companies in 2021

[Ensure you have all the info you need in these unprecedented times. Subscribe now.]

The competitive environment in the logistics industry is constantly changing. In recent years, many major freight brokers and contract logistics providers have expanded through M & A. And new companies and investors are entering this growing area with their own ideas on how to manage freight transportation more efficiently.

At the same time, logistics providers are adapting to changes in the market, including rising demand for e-commerce fulfillment and rising standards of service levels and cargo visibility.

Transport Topics has created an annual ranking of the largest companies in this dynamic segment of the transport business for nearly 20 years, but like the industry itself, this list continues to evolve.

Clevenger

2021 edition List of Top 50 Logistics Companies, Decided to use a different metric (total revenue) to rank the largest third-party logistics providers in North America.

This is a deviation from the methodology used in the last few years, which ranked companies based on net revenue, which is total revenue minus purchased shipping costs.

Gross revenue and net revenue are both perfectly effective ways to look at comparable sizes and features of 3PL, but gross revenue better reflects the organization’s overall reach, so it’s more closely aligned with the goal. We have come to the conclusion that they are in agreement. Identify the largest companies in the logistics industry.

Most of the top 50 names of the year are well known, but this methodology change will significantly replace the list.

Freight brokers and forwarders are rising in the rankings because they arrange transportation and payment carriers to move cargo on behalf of the shipper’s customers, generating far higher gross revenue than net revenue. .. In contrast, there is generally little or no difference between the total revenue and net revenue of 3PL, which primarily provides warehousing and distribution services or dedicated contract transportation.

With this new ranking system CH Robinson WorldwideNorth America’s largest freight broker, ranked # 1 on the TT Top 50 Logistics Companies list.

Meanwhile, a big change is imminent No. 2 XPO LogisticsAnnounced in December 2020 that it plans to split into two separate listed companies.

The transaction is expected to close in late 2021 and will separate XPO’s contract logistics business from its trucking and brokerage operations. Both XPO and spin-off company GXO Logistics could be ranked high on this list next year.

The top 50 new names this year No.8 TI Holding Co., Ltd.Operates as two sister companies, Transportation Insight, an enterprise logistics provider, and Nolan Transportation Group, a freight broker. TI Holding Co. is a portfolio of private equity firm Gryphon Investors.

Another newcomer to the Top 50 is a digital freight broker. Uber FreightBroke the list for the first time in 41st place. Uber Technologies, the parent company that attracted attention with its ride-hailing app for car passengers, is targeting freight as one of its next major growth opportunities. Uber Freight released a road booking app in 2017 with a focus on automating manual processes and streamlining transactions, especially for smaller carriers.

Relation: UberFreight Expands Procurement Options with Market Access

Other companies that make their debut on the Top 50 list include: No. 35 AIT Worldwide Logistics And No.39 Capstone Logistics..

Based in Itasca, Illinois, AIT provides sea and air cargo forwarding and freight brokerage services and operates 42 warehouses.

Based in Georgia, Capstone Logistics offers freight brokerage, warehousing and fulfillment, last mile delivery and transportation technologies. The company expanded its intermediary capabilities with the acquisition of LoadDelivered Logistics in 2018.

Transport Topics has worked with industry research and consulting firm Armstrong & Associates to create a ranking of this top 50 list and its associated sectors.

Relation: Truck Frontline Hero 2020

Finally, I would like to recognize the role that logistics companies of all sizes have played in responding to the COVID-19 pandemic. Whether managing the distribution of vaccines or simply arranging transportation to keep inventory on store shelves, 3PL participates in the fight against the coronavirus. This historic event demonstrates the essence of the work done daily by logistics professionals.

Want more news? Listen to today’s daily briefing below Or for more information, please click here.

Review of Top 50 Logistics Companies in 2021

https://www.ttnews.com/articles/fresh-look-2021-top-50-logistics-companies Review of Top 50 Logistics Companies in 2021

Back to top button