[3] It was founded in 1997 by Ken Oaks in Cincinnati, Ohio, and is headquartered in Union Township, Clermont County, Ohio. Furthermore, the U.S. freight and logistics market has experienced steady growth, with a year-over-year increase of 5.28% in 2021, and a projected CAGR of 4.08% from 2023 to 2028. This relationship appears to hold for the 3PL industry, as shown in Figure 8 below. If your company appears on the 2021 list, you have a few ways to announce it. Globally, the logistics industry represents approximately 12% of the entire world's GDP. Despite the implications of Covid-19, the logistics industry is projected for growth and recovery. Safety is our top priority. All rights reserved. So without further ado, lets dive into our list of the 25 biggest logistics companies in the world. Interestingly, the financial performance of 3PL companies does not always match market value changes in the public markets. Yamato Holdings, a Japan-based holding company, is the biggest trucking company and offers delivery services through its group of companies and subsidiaries. The company offers national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed less-than-truckload services. Deringer helps companies understand how shippers proactively change procedures to avoid non-compliance that could result in penalties or delays. In both the domestic and global front, the consolidation trend in the third-party logistics (3PL) industry remains a gathering stormwith record merger and acquisition activity being reported across all sectors. Nippon Yusen KK is a Japanese company that provides services in logistics and transportation. 2022. Worried over the impact of the unfolding industrial downtown on the trucking industry, we sold the stock shortly thereafter during the second quarter of 2019. Top 50 Logistics Companies provide logistics services, including freight brokerage, freight forwarding, warehousing and dedicated contract carriage in North America and are ranked on the basis of annual gross revenue. Total Quality Logistics employees rate their Executive Team in the Top 35% of similar size companies on Comparably with 1,001-5,000 Employees. Bucking the industry, the Company actually grew earnings per share by +3.8% and +11.4% in 2019 and 2020, respectively. Universal Logistics Holdings Inc: 771.45 US: NASDAQ: WERN: Werner Enterprises, Inc. 317-208-5565, Top 20 Freight Brokerage Companies in 2023 (& How to Choose The Best), modal conversion from truckload to intermodal, according to the US Department of Transportation there are over 700,000 motor carrier companies, with 91.0% operating 6 or fewer trucks and 97.3% operating fewer than 20 trucks, Logistics Service Provider (LSP) vs Freight Broker: A Comprehensive Comparison, Federal Motor Carrier Safety Administration (FMCSA) site and input the providers USDOT and MC numbers, 10 Tips How to Select Best Freight Broker for Your Company, intermodal characteristics that make for a good intermodal lane, Freight Costs: An Insiders Look on Freight Pricing Buyers Should Know. American Freight Brokerage & Third-Party Logistics Firm, "Top 50 Companies: Total Quality Logistics", "Top 3PLs: A&A's Top 100 Domestic Transportation Managers/Freight Brokers List", "TQL picks Tampa for carrier services office", "Rapidly growing TQL plans yet another Ohio office", "Total Quality Logistics expands nationwide in search for talent", "TQL moves into a new state with its latest office", "Top 3PLs: A&A's Top 50 Global Third-Party Logistics Providers (3PLs)", "Greater Cincinnati and Northern Kentucky Top Workplaces 2021", "Total Quality Logistics Adding 1,000 New Jobs in Southwest Ohio", "JOC Top 50 Global Third-Party Logistics Providers (3PLs)", "Total Quality Logistics pledges $1M to help with transit costs for charities", https://www.tql.com/about-us/tqldrive-blog/may-2022/donation-doubled-moves-that-matter-makes-$2-millio, "TQL | TQL Business News, Press Releases, Awards & Mentions", "Campaigns with Heart Honored as 2023 Halo Award Finalists", "Tallest flagpole in Tri-State installed in Cincinnati on Veterans Day", "TQL announces expansion plans, addition of 600 new jobs over next five years", "FC Cincinnati's new home in the West End has a name: TQL Stadium", "FC Cincinnati to soon debut new soccer stadium in the West End", "FC Cincinnati Set To Open TQL Stadium, Debut MLS Stadium Firsts", "FC Cincinnati introduce TQL Stadium in new partnership | MLSSoccer.com", "Total Quality Logistics and UC Announce Long-Term Partnership", Sierra National Forest Fire & Aviation Management, https://en.wikipedia.org/w/index.php?title=Total_Quality_Logistics&oldid=1152524855, All articles with bare URLs for citations, Articles with bare URLs for citations from April 2023, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 30 April 2023, at 19:28. FedEx Corporation (NYSE: FDX) developed the FedEx SameDay Bot to help make last-mile deliveries. Proactive calling on potential new clients including alternative investment managers (hedge funds, private equity, private credit, BDCs, etc. Figure 6 presents this relationship. It has its headquarters in Miami, Florida. How drones could help distribute COVID-19 vaccines. C.H. An actual business valuation requires an in-depth analysis of the business operations and associated risk factors that are not always evident from the data on financial statements. At number 21 in our list of the 25 biggest logistics companies in the world, we have Ryder System, Inc. (NYSE: R). 80 M Street SE, Suite 800, Washington, D.C., 20003, 2021 Essential Financial and Operating Information for the 50 Largest Logistics Companies in North America. The most highly levered companies within the public 3PL companies tend to trade at the lowest multiples, while those with less debt appear to change hands at the highest multiples. It also offers international freight transportation via air, ocean, and ground. Charlotte will add a new publicly traded company on Nov. 1. In this case, there appears to be some correlation between revenue multiples and EBITDA margins. Logistics is the process that defines the coordination, allocation, and management of goods from a point of origin to a destination. This compensation may impact how and where listings appear. This is another topic that is often overlooked in todays vetting process, yet it is so important in a logistics service providers ability to move freight, find capacity, communicate and provide the highest level of service. Like FedEx Corporation (NYSE: FDX), United Parcel Service, Inc. (NYSE: UPS), J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), Expeditors International of Washington, Inc. (NASDAQ: EXPD) and Schneider National, Inc. (NYSE: SNDR), XPO Logistics, Inc. (NYSE: XPO) is one of the biggest logistics companies in the world. As of December 31, 2020, the publicly-traded 3PL companies expected a sharp decline in EBITDA. [12], TQL has been ranked a Greater Cincinnati Top Places to Work 12 times. With that said, make sure to look for the logos of the below on the freight brokers site. Top 50 Logistics. The company went public in the fall of 2013 and is currently worth $5.62 billion on the open market. 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The freight and logistics industry offers numerous advantages to both businesses and consumers. Call Us 24/7/365 800.580.3101. By delivering the highest level of professional service, reliability, and peace of mind to customers and carriers 24/7/365, we have become one of the largest and most trusted freight brokerage firms in North America, employing more than 10,000+ people. The company generated $16.2 billion in annual revenues in 2020, which earned it a place among the top 200 in the Fortune 500 overall. We are the largest industrial gases and engineering company in the world. Expeditors International of Washington, Inc.'s (NASDAQ: EXPD) main competitors are J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), United Parcel Service, Inc. (NYSE: UPS), C.H. Some of the stocks below are only tradedover-the-counter (OTC)in the U.S., not on exchanges. Reference requests of current and past customers help in reviewing this facet of the broker. Debt holders have a senior position within a companys capital structure, and debt servicing occurs before any cash flow benefits (i.e., dividends) are issued to equity holders. GREENWICH XPO Logistics announced this week that it would spin off its truck-brokerage business into a separate publicly traded firm, an announcement made a few months after the Greenwich . We are monitoring impacts to transportation and infrastructure. In the United States, the logistics market borders on $2 trillion currently. Skip to Content. [35]. Like FedEx Corporation (NYSE: FDX), United Parcel Service, Inc. (NYSE: UPS), J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), Expeditors International of Washington, Inc. (NASDAQ: EXPD) and Schneider National, Inc. (NYSE: SNDR), Ryder System, Inc. (NYSE: R) is one of the biggest logistics companies in the world. Safety is our top priority. It has over 36,000 employees who manage its fleet of over 240,000 vehicles and 50 million square feet of warehouse space spread over more than 300 warehouses. Notably, valuations in the industry grew over the last year, and analysts expect the industry to continue to grow. Freight and logistics companies connect manufacturers with retailers and consumers worldwide and are crucial for global trade. Managed TMS Important notes: This article examines potential driving factors for 3PL company valuations from a financial statement perspective. It typically happens in the United States on exchanges like the New York Stock Exchange (NYSE) or the Nasdaq stock market. A key takeaway in the market stats on total truckload motor carriers is the mass segmentation, which drives the difficulty in finding the best fit for any company. However, as of December 23, 2021, we did notice some correlation between valuation multiples and growth, size, profitability, and leverage. Find out if your load qualifies for transportation assistance. TFI International is a Canada-based freight transportation and logistics services company focused on service that engages in the pickup, transport, tracking, and delivery of items throughout North America. Here is what the fund said: "Freight transportation management company Hub Group, Inc. (Cl A) outperformed after it reported strong quarterly earnings and highlighted company-specific cost reduction opportunities for 2020, which should help partially offset expected weakness in volumes and revenues due to the economic impact of COVID-19.. This network, combined with our industry leading technology and unmatched service, has been the key to our growth, plain and simple. We use cookies on our website. ZTO Express (Cayman) Inc. (NYSE: ZTO) is a provider of express delivery and value-added logistic services. It is also one of the biggest freight companies in New Zealand and provides services that deal with . This list is limited to companies that are publicly traded in the U.S. or Canada, either directly or throughADRs. Click to continue reading and see 5 Biggest Logistics Companies in the World. The stock market comprises 11 primary market sectors, and freight and logistics stocks are a sub-industry of the broader industrials sector. Prefer your "Best ofs" in video form? Monitor your investments 24 hours a day, around the clock from around the globe. The Russell 1000 Index, a subset of the Russell 3000 Index, represents the 1000 top companies by market capitalization in the United States. TQL provides online access to data including load management, tendering, and tracking, as well as around the clock customer support services to clients nationwide. The freight and logistics industry faces several risks that can impact operational and financial performance. $1,075 . New customers and carriers turn to us daily to solve their transportation needs with competitive pricing, continuous communication and a commitment to do it right every time. Having over 30,000 employees, J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) boasts annual revenues of $9.6 billion and a market capitalization of $17.9 billion. EMPLOYEES DEDICATED TO EXCEEDING EXPECTATIONS. Cost of Revenue: What It Is, How It's Calculated, Example. The trends observed in this article suggest that the valuations of publicly-traded 3PL companies appear to have been influenced by the cyclicality in the broader logistics industry. Any significant increase in fuel prices can lead to increased operating costs, and as a result, reduced profitability. XPO intends to separate its tech-enabled brokered transportation . It also sells and repairs trucks, passenger cars, and automobile parts. TQL is committed to driving smart, responsible solutions. The trucking industry boomed during the first half of the 1940s because of new congressional industry regulations and World War II armament spending" (Click here to see the full text). This cycle does not always track broader trends for the U.S. or global economies. C.H. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas including investing, insurance portfolio management, finance and accounting, personal investment and financial planning advice, and development of educational materials about life insurance and annuities. Federal regulators are warning railroads that the long trains they favor can cause all kinds of problems and contribute to derailments. Lower used-vehicle sale prices and the U.K. market exit hurt profits at Ryder System Inc. in the three months ending March 31, it said, as results fell short of analyst expectations. Automating warehouse procedures can help companies cut down their operational costs. Good Morning Revdex.com, The $205.92 pallets fee is being repaid to this carrier. Entering international markets in 2017, it grew into the world's largest refrigerated warehousing company, acquiring, by 2021, 72 other cold-chain storage companies and handling more than eight percent of the global food supply. We present a summary of the consensus forecasts for each group in Figures 4 and 5 below (note that NFY means next fiscal year; NFY = calendar 2021 for most companies). Fact checked by Kirsten Rohrs Schmitt. 2019, 2020, 2023, 100 Great Supply Chain Partners These factors contributed to an overall rise in valuations among publicly-traded third-party logistics (3PL) companies in 2021. Alternatively, investors may choose to remain within the industrials sector and invest in other transportation-related stocks such as railroad stocks, marine transportation stocks, or transportation infrastructure stocks. The pledge will retain the largest publicly traded company headquartered in Greenwich. If you do a total disposition, it won't matter since all the suspended losses will be released across all 5 K-1s. So, keep in mind the more a freight broker has to offer the better opportunity it will have to optimize freight capacity at the best price for a company, which is the ultimate goal for every logistics professional. Pros Robinson Worldwide, Inc. (NASDAQ: CHRW) and, a lot of others that we mentioned in our list. ArcBest experienced a year-over-year decline in revenue and earnings due to a softer freight environment and the sale of its fleet maintenance subsidiary during the first quarter. That's when XPO Logistics Inc. spins off its proprietary tech-enabled truckload brokerage as a separate . XPO serves approximately 43,000 shippers with 564 locations. [16] The company is a five time winner of the Fortune Best Workplaces for Millennials award. [17], In February 2022, TQL and the Government of Kentucky Economic Development Cabinet announced intentions to create 525 new jobs across the state. ), financial institutions, privately held business . While InTek Freight & Logistics did not make the largest freight broker companies this year, we have the ability and breadth of service that many shippers find beneficial to their logistics and supply chain needs, so would love to be part of the conversation when you are looking for other logistics service providers. Current year means December 23, 2021, while prior year means December 31, 2020. Learn more about Transport Topics Top 50 Logistics Companies publication. Armstrong and Associates Inc. estimates show that the logistics sector contributed 8% to the United States GDP in 2019, and 10% to the global GDP. Some sector rankings may have been updated since their print publication. For private equity funds, we can help with your annual mark-to-market accounting exercise. Language links are at the top of the page across from the title. 5 Biggest Logistics Companies in the World. Trucks driven without freight are costly for our environment and our industry. 25 Biggest Logistics Companies in the World is originally published on Insider Monkey. At InTek, we partner with you on long-term freight & logistics solutions including intermodal, truckload, managed transportation, cloud-based TMS services, and more. Its operations include services on both irregular routes and dedicated, refrigerated, expedited, flatbed, and cross-border services. [7] [8], TQL is the world's 19th largest third-party logistics provider (3PL)[9] that provides global transportation services including full truckload (FTL), less-than-truckload (LTL), intermodal, warehousing, drayage, drop trailer, oversize/overweight, Mexico cross-border, customs, Canada cross-border, hazmat, partials and other specialized logistic services. ValuAnalytics provides cost-effective, expert-level valuation analytics to give you the insight you need to make better-informed decisions around valuation. C.H. The company also offers information services, maintenance of trucks and vehicles for transportation companies, and various financial services. The number of employees at Schneider National, Inc. (NYSE: SNDR) as of 2021 are above 15,000. . Here is what the fund said: "XPO Logistics (XPO) the XPO thesis was very simple, but it proved very successful. XPO is one of the largest providers of asset-based less-than-truckload (LTL) transportation in North America, moving goods using cutting-edge technology. In addition, the industry has witnessed a surge in exports, with a total value exceeding $2 trillion USD in 2022. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Best Companies to Work For Dray Distance from Intermodal Ramps: 50 to 100 miles from the origin and destination intermodal ramp helps. DBA Name: Physical Address: 4289 IVY POINTE BLVD. The cost of revenue is the total cost of manufacturing and delivering a product or service and is found in a company's income statement. March 28, 2022. GXO Logistics helps companies around the world find supply chain solutions suited to their needs. Like all industries, the logistics industry suffered a major blow with the advent of Covid-19. The U.S. logistics market is closing in on the $2 trillion levels. That was a mistake. Seino Holdings is a diversified Japan-based transportation company focused on transportation, warehousing, customs brokerage, and insurance agency services. What Is the Russell 1000 Index? [26] Other finalists were United Parcel Service; PayPal; Humble Bundle, Razomfor Ukraine, International Rescue Committee,International Medical Corps and Direct Relief. It offers logistics services for regional, inter-regional and national routes. Please update your records and close this out. As XPO Logistics Inc. divests its North American intermodal business, STG Logistics Inc. is building up its containerized transportation network. Select a login button below or click here to request a login today. The reason is based on the sheer number of truckload motor carriers operating, which according to the US Department of Transportation there are over 700,000 motor carrier companies, with 91.0% operating 6 or fewer trucks and 97.3% operating fewer than 20 trucks . On the open market, XPO Logistics, Inc. (NYSE: XPO) is worth $15.75 billion, which merits its inclusion in our list of the 25 biggest logistics companies in the world. Visit our logo library to get web- and print-ready graphics. OMAHA, Neb. Although these articles are older, the commentary is still relevant. The responsibilities of logistics companies are not as trivial as most people think. Armstrong & Associates, Inc. is a leader in 3PL market research and consulting. The company has 58 locations but is based in North America. TQL has 56 offices in 26 states with more than 9,000 employees. Trucking companies are part of the global transportation sector, specializing in the movement of goods along roads and highways and key players in the supply chain. This dynamic can be due to several factors, including improved product or geographic diversification, deeper management teams, access to various distribution channels, and better availability of capital. In addition,. Trucking companies specialize in the movement of goods along roads and highways and act as key players in the supply chain. According to industry experts, thats a complicated question. While not a final deciding factor, reputation and years in service does say a lot for the quality of the company that you are considering to move your freight. [3] It was founded in 1997 by Ken Oaks in Cincinnati, Ohio, and is headquartered in Union Township, Clermont County, Ohio. Overnight on Wall Street is morning in Europe. There cannot be enough said on the financial strength of the freight broker that moves your companys freight. We will contact you via phone or e-mail to get information about your company prior to publication of the next Top 50 list. Logistics companies are making use of the internet of things (IoT) which is stepping up the tracking game. While the industry faces risks such as labor shortages, cybercrime, supply chain disruptions, and fuel price volatility, its adoption of advanced technologies and steady growth provide ample opportunities for companies to expand their reach and increase profits. Nippon Express has over 73,000 employees, claims annual revenues of up to $18.9 billion, and has a market capitalization of $7.15 billion which brings it at number 15 in our list of the 25 biggest logistics companies in the world. As of 2021, Sinotrans has over 35,000 employees and a market capitalization of $5.4 billion. Evan Armstrong breaks down how logistics segments performed in 2018. Click Request Service to get started. Request a certificate of insurance (COI) to ensure the policy is valid. Sentiment surrounding the company improved thanks to a strong earnings, the resumption of asset sale plans that had been shelved in the spring, and the announcement of a spinoff to unlock the SOTP value. One major challenge is labor shortage, which can lead to increased costs and reduced efficiency. Internal Corporate Planning/Financial Benchmarking, Forecasting Financial Statements for Business Valuations. Many of the biggest trucking companies provide other forms of transportation, including rail and air, and offer logistics services, which can facilitate faster deliveries at lower costs to a greater variety of destinations. Recession Risk The leader in cold storage wants to become a one-stop shop. Total Quality Logistics (TQL) is a North American freight brokerage and third-party logistics firm. Weight: The freight cannot weigh more than 42,500 pounds. The company has more than 18,000 employees that serve in its more than 250 locations. If you are a private equity firm looking to streamline your mark-to-market analyses at a cost-effective price or a business executive trying to benchmark your company against its peers, we are here to help. Since 1997, TQL has exceeded the expectations of our employees, customers and carriers. Californias Air Resources Board voted April 27 to approve a rule that would ban the use of locomotive engines more than 23 years old by 2030 and increase the use of zero-emission tech at ports and railyards. ArcBest is a holding company engaged in motor carrier transportation and intermodal transportation operations. Quality Gold is a leading, global, vertically integrated distributor with operations in the United States, Canada and India, supplying e-commerce platforms, independent jewelry retailers, both. During its history, it underwent a slew of mergers and acquisitions. This growth is likely to continue into 2022. Robinson Worldwide, Inc. (NASDAQ: CHRW) stands at number 13 in our list of the 25 biggest logistics companies in the world, boasting annual revenues of more than $16 billion and a market capitalization of $12.6 billion. Revenues in the trucking industry accounted for 80.3% of the USA's freight bill. Mainfreight is a publicly-traded logistics company headquartered in Auckland, New Zealand. [29], In 2021, the company announced stadium naming rights for TQL Stadium, the home of Major League Soccer's FC Cincinnati. Schneider provides transportation and logistics services. Significant changes may be coming for Greenwich, Conn.-based global freight transportation and logistics services provider XPO Logistics, with the company announcing today that its board of directors signed off on the approval of a plan to seek a spin-off of its logistics group as a standalone publicly traded company.. Should this spin-off come to fruition, the logistics group would be split . Thomas Brock. It is the second-largest courier service in China and boasts a market capitalization of $47.5 billion. In April of 2020, global airfreight rates peaked as restrictions were placed on air travel and global airfreight capacity saw a decline of 38.7%. In February 2023, TQL was awarded as a finalist for the Engage for Good Halo Awards for "Emergency Crisis/Initiative" for their Moves that Matter charitable program, which moves donated goods at no cost.
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