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. Markets never sleep, and neither does Bloomberg News. Language links are at the top of the page across from the title. The quantitative industry analytics shown in this analysis was powered by ValuAnalytics proprietary valuation analytics platform. 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. Knight-Swift is the industry's largest full truckload company with an extensive fleet of approximately 19,000 tractors and 58,000 trailers. FAIRFIELD, Ohio and NEW YORK, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Quality Gold, Inc. and certain of its affiliates and subsidiaries ("Quality Gold" or the "Company"), a leading vertically integrated specialty logistics and jewelry distributor, and Tastemaker Acquisition Corp. (Nasdaq: TMKR), a publicly traded special purpose acquisition company led by co-Chief Executive Officers Dave . This article updates ourJune 30, 2021 analysis. Recession Risk The stock market comprises 11 primary market sectors, and freight and logistics stocks are a sub-industry of the broader industrials sector. RXO isa tech-enabled transportation service leader headquartered in Charlotte, North Carolina specializing in truck brokerage. It will not touch on every observation in the data. Only C.H. Have an account to our customer or carrier technology platforms? The founding year was fortuitous as the U.S. economy was in the early innings of its slow recovery from the Great Depression. Nippon Yusen KK is a Japanese company that provides services in logistics and transportation. There cannot be enough said on the financial strength of the freight broker that moves your companys freight. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions. 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. Schneider National achieved a 6% year-over-year earnings gain despite a revenue loss during the first quarter of 2023, the company reported April 27. 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. Blue Dart is worth $1.84 billion on the open market. The company provides less-than-truckload shipping of general commodities, including consumer goods, textiles, and capital goods. 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. Logistics is the process that defines the coordination, allocation, and management of goods from a point of origin to a destination. 3PL companies are ultimately tied to the broad changes in the freight industry and follow much of the same trend when it comes to market values. Larger companies are generally perceived to have lower levels of risk relative to smaller companies. As the stock irrationally sold off in the spring and made only a tepid recovery in the following months, we were able to buy into a well-operated business with plenty of growth drivers at a compelling price. 140 years of shared history in the gas industry. This growth is likely to continue into 2022. 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. Action Alerts PLUS is a registered trademark of TheStreet, Inc. As shown in Figures 2 and 3, the median revenue and EBITDA multiples declined from the LFY to LTM period. However, consumer shifts to online purchases and rising expectations for fast and free or inexpensive shipping will require companies to innovate and evolve operations to remain competitive. The company has 58 locations but is based in North America. Freight and logistics stocks are companies that provide transportation and logistics services to move goods from one place to another. If your company appears in the 2019 list, you have a few ways to announce it. 25 years of Exceptional Service THE SECOND-LARGEST FREIGHT BROKERAGE FIRM Safety is our top priority. Top 50 Logistics Companies provide logistics services, including freight brokerage . Investors who are not comfortable with the risks associated with the freight and logistics industry may seek alternative investment options. C.H. Count on us for end-to-end logistics. The company has its corporate headquarters in Green Bay, Wisconsin. Before starting TQL in Cincinnati, Ohio in 1997, our CEO was a produce buyer, working with freight brokerage firms on a daily basis. Recruiting and Staffing Company Valuations December 2021 Update, Surgical Instrument & Device Company Valuations December 2022, Building Product Distributor Valuations December 2022, Food Distributor Valuations December 2022, Building Products Manufacturer Valuations December 2022, Aerospace Parts Company Valuations December 2022. December 13, 2021 08:00 AM Eastern Standard Time BOSTON & SAN FRANCISCO-- ( BUSINESS WIRE )--Audax Private Equity ("Audax") today announced that it has completed the sale of MNX Global Logistics. Definition, Holdings, and Returns, #4 Knight-Swift Transportation Holdings Inc.(KNX), One Truck Started a North American Network, About Us: Providing Innovative Logistics Solutions - Ace=ross Industries and Around the Globe. The freight and logistics industry faces several risks that can impact operational and financial performance. In 2018, trucks moved 11.49 billion tons of freight, 71.4% of the USA's tonnage freight. Notably, valuations in the industry grew over the last year, and analysts expect the industry to continue to grow. [3] It was founded in 1997 by Ken Oaks in Cincinnati, Ohio, and is headquartered in Union Township, Clermont County, Ohio. In Figure 1, LFY-1 and LFY median enterprise values increased despite declining revenue or EBITDA. 25 Biggest Logistics Companies in the World is originally published on Insider Monkey. Here is what the fund said: "We first bought shares of Old Dominion Freight Line in the third quarter 2018. XPO intends to separate its tech-enabled brokered transportation . The metrics are listed in their order of importance, with the market capitalization, which represents a companys worth on the open market, being the most important metric. [35]. What Is the Russell 1000 Index? [19] Also in 2022, The Journal of Commerce ranked TQL the 19th largest Global Third-Party Logistics Provider in their Top 50 Global 3PLs Special Report. 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. The Dow Jones Utility Average (DJUA) is a price-weighted average of 15 utility stocks traded in the U.S. Read how the DJUA acts as a market indicator. For the 2021 list, we've decided to use a different metric to rank companies. An additional article that you may find useful is Freight Costs: An Insiders Look on Freight Pricing Buyers Should Know. Total Quality Logistics LLC renders freight brokerage services. Trucks driven without freight are costly for our environment and our industry. This network, combined with our industry leading technology and unmatched service, has been the key to our growth, plain and simple. 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. 1,000 - 9,999. It boasts a market capitalization of $42.2 billion which places it at number 7 in our list of the 25 biggest logistics companies in the world. 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. A summary of these observations is presented below and compared to observations as of December 31, 2020. It provides parcel delivery, logistics management, moving and distribution services, and appliance installation. You can learn more about the standards we follow in producing accurate, unbiased content in our. 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. Donating goods to those in need? Total enterprise value calculated as the sum of market capitalization and interest-bearing debt less cash; Median earnings before interest, taxes, depreciation, and amortization (EBITDA). Lineage Bets on Refrigerated Rail The leader in cold storage wants to become a one-stop shop. It provides domestic and international services for transportation, logistics consulting, storage, and vehicle logistics. November 22, 2022 XPO uses its proprietary technology, including the cutting-edge XPO Connect automated freight marketplace, to move goods efficiently through supply chains. Logistics companies don't only transport things from one place to another. According to industry experts, thats a complicated question. Thanks for reading. One option is to invest in the materials sector of the market, which includes companies involved in the extraction, production, and processing of raw materials such as metals, minerals, and agricultural commodities. GREENWICH, Conn. March 8, 2022 XPO Logistics, Inc. BB #:284479 today announced that its board of directors, after a thorough examination of strategic alternatives, has approved a plan that the board believes is the optimal path to unlock value for XPO stakeholders. They spend over $450 million dollars per year on major technology investments to continue pushing the field forward. It also sells and repairs trucks, passenger cars, and automobile parts. Best Companies to Work For Logistics is the key player when it comes to efficient and effective transportation, as well as storage of goods and services. Projections for the industry suggested a minor decline in revenue in 2020 and a recovery in 2021. 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. Yamato Holdings, a Japan-based holding company, is the biggest trucking company and offers delivery services through its group of companies and subsidiaries. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. The company offers national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed less-than-truckload services. We noted an apparent correlation between 2-year projected EBITDA growth and LTM EBITDA multiples (though we recognize that the population of data points is limited). est. What Are Small-Cap Stocks, and Are They a Good Investment? A few great articles summarizing this phenomenon can be found here and here (source: Convoy, Inc.). Some sector rankings may have been updated since their print publication. We were correct to be worried about the trucking industry in 2019, but we were very wrong on how resilient Old Dominions business model would power through the industry downturn in 2019, as well as the Companys exceptional performance during pandemic-laden 2020. Learn More. 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. J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) competes with FedEx Corporation (NYSE: FDX), C.H. Investopedia requires writers to use primary sources to support their work. Evan Armstrong breaks down how logistics segments performed in 2018. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Dray Distance from Intermodal Ramps: 50 to 100 miles from the origin and destination intermodal ramp helps. It has an airline subsidiary as well which goes by the name of Blue Dart Aviation. Supply chain service and coaching to help in one-time reviews of your total supply chain network. ), financial institutions, privately held business . It is also one of the biggest freight companies in New Zealand and provides services that deal with providing and supplying freight, warehousing, and logistics. Learn more about Transport Topics' Top 50 Logistics Companies publication. Here is what the fund said: "XPO Logistics (XPO) the XPO thesis was very simple, but it proved very successful. Kerry Logistics provides services in freight forwarding, warehousing, supply-chain management solutions, and third-party logistics. Overall investment in robotics, which have . Universal Logistics Holdings experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27. Expeditors International of Washington, Inc. (NASDAQ: EXPD) is an American global logistics services and freight forwarding company with its corporate headquarters in Seattle, Washington. See all trademarks and details in the Full Report. 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. 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. Are they engaged in the logistics and supply chain industry at various levels? We are monitoring impacts to transportation and infrastructure. TQL provides online access to data including load management, tendering, and tracking, as well as around the clock customer support services to clients nationwide. $3,643 : 5,500 : 26 : 25 : APL Logistics (North America) $665. In this case, revenue and EBITDA multiples generally follow the same trend observed in the 3PL companies historical enterprise values. Phone: (513) 831-2600. 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 . Tell us more about your freight. Landstar System Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 26. 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. Publicly Traded Motor Freight Transportation And Warehousing Companies - SIC Code 42 . Get investment guidance from trusted portfolio managers without the management fees. Hub Group Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27. 2021 was an interesting year for the broad logistics industry marked by supply chain disruptions, shifting consumer demand, and robust demand for logistics service providers. Current year means December 23, 2021, while prior year means December 31, 2020. US: NASDAQ: YELL: Yellow Corporation: 102.58 HK: HKG: 2057: Although these articles are older, the commentary is still relevant. The company has more than 18,000 employees that serve in its more than 250 locations. Our belief is that transparency gives our buyers data to assist in their journey in finding the best possible fit for their business requirements. This network, combined with our industry leading technology and unmatched service, has been the key to our growth, plain and simple. The biggest trucking companies are headquartered in the United States, Canada, and Japan. Old Dominion Freight Line has been a family run business for decades. To be included in the Top 50 list, please send contact information to tteditor@ttnews.com. TMS technology services to move the logistics operation from spreadsheets to the cloud. Armstrong & Associates, Inc. is a leader in 3PL market research and consulting. Historical changes in revenue and EBITDA multiples followed similar trends over the last several years. Mailing Address: P O BOX 799. The founder of the company was Albert Toll, who is the namesake for the company. With only about 7000 employees, the company generates revenues up to $14.8 billion and has a market capitalization of $6.75 billion. I hope you found this analysis helpful. This relationship appears to hold for the 3PL industry, as shown in Figure 8 below. Echo Global Logistics was included in prior iterations of this analysis but was taken private in November 2021 and, therefore, could not be included in the current update. The 10-highest rated freight and logistics stocks from TheStreet Quant Ratings. 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. Supply chain disruptions caused by natural disasters, geopolitical tensions, or pandemics can also disrupt operations and cause financial losses. Robinson Worldwide, a publicly traded . Investopedia does not include all offers available in the marketplace. 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. In this article, we are going to share with you a list of the 25 biggest logistic companies in the world. The merged Canadian Pacific Kansas City says in its first quarter together the new Class I railroad saw its income surge by 35% to C$800 million compared with C$590 million a year ago. Hitachi Transport System is a Japanese logistics company that provides services like third-party logistics (3PL), inventory control, warehousing and we can go on. 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. Ryder System, Inc. (NYSE: R) has operations throughout the United States, Mexico, Canada, and the United Kingdom. Mainfreight is a publicly-traded logistics company headquartered in Auckland, New Zealand. Ryder is a leading American logistics company that is known for its services in fleet management, supply chain management, and dedicated transport management. 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), S.F.