Investopedia requires writers to use primary sources to support their work. Again, this may seem a bit much, but it does show a level of commitment to the industry. 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 . Outside of the basics, the system will also give a glimpse into the operations and the ability for growth. The biggest trucking companies are headquartered in the United States, Canada, and Japan. $3,643 : 5,500 : 26 : 25 : APL Logistics (North America) $665. Old Dominion Freight Line, Inc. (NASDAQ: ODFL) has over 20,000 employees and boasts a market capitalization of $30 billion. In this case, revenue and EBITDA multiples generally follow the same trend observed in the 3PL companies historical enterprise values. Lima, Pa., provides cross-border services, custom brokerage, supply chain consulting, transportation management and warehousing and distribution. [16] The company is a five time winner of the Fortune Best Workplaces for Millennials award. The leader in cold storage wants to become a one-stop shop. Trucking companies . Find out where the Top 50 are located by U.S. region. Top 50 Logistics Companies provide logistics services, including freight brokerage . The liquidation market has more than doubled since 2008, reaching a whopping $644 billion in 2020, according to data from Colorado State University. Total Quality Logistics (TQL) is a North American freight brokerage and third-party logistics firm. Nippon Yusen KK is a Japanese company that provides services in logistics and transportation. ", ArcBest. As of 2021, Sinotrans has over 35,000 employees and a market capitalization of $5.4 billion. Some sector rankings may have been updated since their print publication. In some cases, we provide guidance in modal conversion from truckload to intermodal, but many times truckload is the best fit for their lane, service and their freight characteristics. For our list, we focused on pure logistics firms, those that are responsible for the transportation and delivery of goods and not retail businesses that provide logistic services for their business only. CINCINNATI, OH 45245. XPO serves approximately 43,000 shippers with 564 locations. 2019, 2020, 2023, 100 Great Supply Chain Partners The company's transportation solutions include van truckload, dedicated, regional, bulk, intermodal, brokerage, supply chain management, port logistics services, and engineering and freight payment services. Generally, the business cycle of the logistics industry correlates to changes in freight supply and demand. Donating goods to those in need? The industry constituents for this analysis are listed below. Proactive calling on potential new clients including alternative investment managers (hedge funds, private equity, private credit, BDCs, etc. Telephone:52-894-8078800 Address:caimito 14, Cancun, Quintana ROO, Mexico. This article updates ourJune 30, 2021 analysis. This list will be updated as upgrades and downgrades occur. Robinson Worldwide, a publicly traded . 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. 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. The effective date of this analysis is December 23, 2021. [24] [8] [25]. The company went public in the fall of 2013 and is currently worth $5.62 billion on the open market. Current year means December 23, 2021, while prior year means December 31, 2020. TOTAL QUALITY LOGISTICS LLC. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. This can lower or even outweigh potential returns. Learn more about Transport Topics Top 50 Logistics Companies publication. [29], In 2021, the company announced stadium naming rights for TQL Stadium, the home of Major League Soccer's FC Cincinnati. Yamato Holdings is a Japan-based holding company that principally offers delivery services through its group of companies and subsidiaries. Any input, feedback, suggestions, and questions (including disagreements with my high-level analysis) are welcome! ArcBest is a holding company engaged in motor carrier transportation and intermodal transportation operations. Golf's Greatest Holes: Golfing legend Paul McGinley takes television presenter Chris Hollins on a tour of the best golf courses in Ireland and Northern Ireland. Downtown Miami is about to see a last-mile delivery experiment replacing trucks with cargo freight bicycles able to carry 500 pounds. The Marketing department and employees with Entry Level experience are more confident in their Executive Team, while . The responsibilities of logistics companies are not as trivial as most people think. 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. 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. As of December 31, 2020, the publicly-traded 3PL companies expected a sharp decline in EBITDA. 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), Hyundai Glovis is one of the biggest logistics companies in the world. We talk with hundreds of shippers about their truckload capacity requirements. Fortune and Fortune 100 Best Companies to Work For are registered trademarks of Fortune Media IP Limited and are used under license. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Total Quality Logistics offers comprehensive benefits, including health and wellness, paid time off, financial benefits, and employee perks. Rand describes itself as a leading marine infrastructure provider on the Great Lakes that delivers over 45 million tons annually of bulk cargo including iron ore, grain and stone across the U.S.. 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. Federal regulators are warning railroads that the long trains they favor can cause all kinds of problems and contribute to derailments. From Fortune. Copyright 2023 ValuAnalytics, LLC. 35% Logistics & Supply Chain Consulting. 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. The number of employees comes second since it hints at the size of a company; the higher the number of employees, the bigger the organization. Monitor your investments 24 hours a day, around the clock from around the globe. TQL does everything to make the enviroment postive, rewarding, team based and is always looking for ways to improve. 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. 80 M Street SE, Suite 800, Washington, D.C., 20003, 2019 Essential Financial and Operating Information for the 50 Largest Logistics Companies in North America. There cannot be enough said on the financial strength of the freight broker that moves your companys freight. Stock prices for these companies appear to align with investor sentiment toward the broad logistics industry. 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. Quality Logistics is also the US representative for Sinotrans Logistics, a unit of the large publicly traded Sinotrans Eastern Company, the largest forwarding company in China. This network, combined with our industry leading technology and unmatched service, has been the key to our growth, plain and simple. Companies like FedEx Corporation (NYSE: FDX), United Parcel Service (NYSE: UPS), and XPO Logistics, Inc. (NYSE: XPO) are not just responsible for getting your parcels to your doorstep, but much more. 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.. With that said, make sure to look for the logos of the below on the freight brokers site. However, it remains to be seen whether we are reaching the end of the business cycle or if the COVID recovery and continued strong demand will fuel additional increases in values. . The company offers national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed less-than-truckload services. See all answers to common company questions. 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. Hub Group Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27. [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. Even if your company paid the freight broker for the load, if the motor carrier is not paid, then you will have to pay them too. [4][5][6] As of 2021, TQL is the largest private company in greater Cincinnati according to the Cincinnati Enquirer and American City Business Journals. More. We will continue to grow through our commitment to be the leading service provider in the industry. Arrive Logistics ($815 million), Austin, Texas, provides freight brokerage. 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 cost of revenue is the total cost of manufacturing and delivering a product or service and is found in a company's income statement. For the most part, companies with higher projected growth rates appear to trade at higher valuation multiples. Freight and logistics stocks are companies that provide transportation and logistics services to move goods from one place to another. November 22, 2022 Seino Holdings is a diversified Japan-based transportation company focused on transportation, warehousing, customs brokerage, and insurance agency services. Revenue multiples are typically heavily influenced by profitability. Revenue: $5 to $10 billion (USD) As the 2nd largest freight brokerage firm in the nation, Total Quality Logistics (TQL) ensures customers the secure and timely arrival of shipments from point A to B. For XPO, the sale is preparation for splitting the company into two entities. Ecatepec de Morelos, Mexico. J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) is an American, fortune 500 company that provides transportations and logistics services. This observation would suggest that profitability is likely an important consideration in how investors are valuing companies in the 3PL industry. 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. Like all industries, the logistics industry suffered a major blow with the advent of Covid-19. "About Us: Providing Innovative Logistics Solutions - Ace=ross Industries and Around the Globe.". Logistics Service Provider. The true value of the global logistics industry falls in the range of $8 to $12 trillion. Before starting TQL in Cincinnati, Ohio in 1997, our CEO was a produce buyer, working with freight brokerage firms on a daily basis. Old Dominion Freight Line, Inc. (NASDAQ: ODFL) is a leading American transport and logistics services company headquartered in North Carolina, United States. Logistics companies don't only transport things from one place to another. Since 1997, TQL has exceeded the expectations of our employees, customers and carriers. Because of this, we will occasionally see disconnects in the behavior of revenue or profitability (or both) relative to their market values. Lineage Logistics is an international warehousing and logistics management company and an industrial real estate investment trust (REIT) owned by Bay Grove, LLC. Schneider provides transportation and logistics services. XPO Logistics, Inc. (NYSE: XPO) is an American logistics services provider that provides pivotal supply chain solutions to more than 50,000 customers worldwide. The company's second-quarter results - revenue increased 67% year-over-year to $875 million, while net income jumped 395% to $162.5 million - were driven by strong results from its CLX and CLX+. 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. TQL is committed to driving smart, responsible solutions. This topic is surprisingly overlooked because many are so quick to judge rates and capacity, but highly important to ensure your freight is in good hands. Universal Logistics Holdings experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27. Our belief is that transparency gives our buyers data to assist in their journey in finding the best possible fit for their business requirements. [26] Other finalists were United Parcel Service; PayPal; Humble Bundle, Razomfor Ukraine, International Rescue Committee,International Medical Corps and Direct Relief. 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). In addition, the industry has witnessed a surge in exports, with a total value exceeding $2 trillion USD in 2022. Phone: (513) 831-2600.