Sector Rankings Reflect Shifting Freight Market

Sector Rankings Replicate Shifting Freight Market

Expeditors Worldwide of Washington positioned on the dry warehousing, airfreight and ocean freight forwarding sector lists. (Expeditors)

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Freight Brokerage Corporations

At the same time as freight demand cooled final yr, lots of the largest freight brokerage corporations in North America continued to broaden their companies.

A majority of the business’s high freight brokers have been capable of enhance their gross and internet income leads to 2022, although sometimes at a slower fee than in 2021.

C.H. Robinson Worldwide remained North America’s largest freight dealer by a large margin with $15.8 billion in gross income from its brokerage operations, up from $14.5 billion a yr earlier.

The remainder of the highest three is also unchanged from a yr in the past, with Whole High quality Logistics checking in at No. 2 with brokerage income of $8.7 billion, adopted by UPS Inc. subsidiary Coyote Logistics at No. 3 with an estimated $5.2 billion.

Worldwide Categorical/GlobalTranz, with income of $4.9 billion, ranks No. 4 on the sector listing.

Landstar System, which operates by way of a community of unbiased freight brokerage brokers, additionally strikes into the highest 5.

One other firm that jumped up the rankings this yr is Ascent International Logistics, which climbed to No. 13 with $2.1 billion in freight brokerage gross income, up from No. 19 a yr earlier.

A brand new identify on the listing this yr is RXO, which debuts at No. 8. The Charlotte, N.C.-based agency grew to become an unbiased freight brokerage firm after finishing its spinoff from less-than-truckload service XPO in November 2022.

Seth Clevenger

Dry Storage Warehousing Corporations

The warehousing phase of the third-party logistics business loved important progress in 2022 as the availability chain disruptions inflicted by the coronavirus pandemic continued to ease and many shoppers rebuilt their depleted inventories.

The demand for e-commerce success, which spiked through the pandemic, has remained robust even with the worst of the pandemic within the rearview mirror.

On the identical time, nevertheless, warehouse operators have been contending with more and more acute labor shortages, very like many different segments of the economic system.

Given these labor challenges, suppliers of warehousing and success providers are more and more investing in innovation and applied sciences, reminiscent of warehouse automation and robotics, to reinforce employee effectivity, enhance throughput and maintain tempo with shopper demand for fast supply of merchandise ordered on-line.

DHL Provide Chain North America retained its place as the most important supplier of dry storage warehousing providers in North America. The corporate grew its complete storage capability by greater than 10 million sq. ft and by including 27 warehouses final yr.

Ryder Provide Chain Options, in the meantime, grew to become North America’s second-largest dry storage warehouse operator after increasing its capability by 15 million sq. ft.

A Ryder worker operates a forklift inside one of many firm’s warehouses. (Ryder)

Ryder’s rise meant a drop in rank for GXO, which debuted at No. 2 final yr after its spinoff from XPO Logistics, however checks in at No. 3 for 2022.

Rounding out the highest 5 are New Jersey-based NFI and the Tennessee-based North American operations of Geodis.

In complete, 84 corporations reported no less than 2 million sq. ft of storage capability, up from 73 final yr.

Refrigerated Warehousing Corporations

The most important participant on the planet of temperature-controlled warehousing, Lineage Logistics, expanded its business lead in 2022.

A rise of refrigerated storage capability of 300 million cubic ft and the addition of 30 new warehouses marked one other yr of progress and strengthened Lineage’s place atop the listing of North America’s largest chilly storage suppliers.

Lineage plans to proceed increasing its attain in North America and throughout the globe. In December 2022, the corporate introduced it had raised greater than $700 million in new funding for growth initiatives.

Americold Logistics stays No. 2 on the sector listing by a large margin, though the corporate’s refriger­ated storage capability and warehouse rely contracted in 2022.

Three different North American corporations function greater than 25 million cubic ft of chilly storage capability: Penske Logistics, Burris Logistics and RLS Logistics.

A Penske employee strikes a pallet throughout the warehouse flooring. (Penske Logistics)

Devoted Contract Carriers

Most of North America’s largest devoted contract carriers expanded the scale of their fleets in 2022.

J.B. Hunt Devoted Contract Companies remained No. 1 on the devoted service sector listing with practically 13,000 vehicles in its devoted operations, a rise of greater than 1,000 from a yr in the past.

Penske Logistics held onto the No. 2 rating with a devoted fleet of 8,969 energy items.

Ryder Provide Chain Options additionally expanded its devoted fleet operations. The corporate’s 8,930 devoted vehicles rank No. 3 on the listing.

Schneider, in the meantime, rose to No. 4 within the devoted contract service sector, up from No. 7 a yr in the past, after rising its devoted fleet to five,915 vehicles.

No. 5 Werner Logistics and No. 6 NFI additionally bolstered their devoted operations in 2022, increasing their fleet sizes to five,450 and 5,000 energy items, respectively.

They have been adopted carefully by Knight-Swift Transportation with its devoted fleet of 4,857 vehicles.

Airfreight Forwarders

Airfreight demand cooled final yr, contributing to declining volumes amongst lots of the largest gamers within the airfreight forwarding sector.

Nonetheless, Kuehne + Nagel was capable of proceed its progress trajectory in 2022, forwarding 12,000 extra metric tons of air cargo than the earlier yr, retaining it firmly within the No. 1 spot on the listing.

A Kuehne + Nagel plane takes off. (Kuehne + Nagel)

No. 2 DHL Provide Chain & International Forwarding, No. 3 DSV A/S and No. 4 DB Schenker all skilled slight declines in airfreight volumes in 2022 however maintained robust figures total to proceed their placements within the high 4.

In the meantime, Sinotrans Ltd. climbed to No. 8 on the sector listing, up from No. 11 final yr, after forwarding 781,000 metric tons of airfreight in 2021, a major enhance from its previous-year complete of 532,300 metric tons.

Ocean Freight Forwarders

Forwarders of ocean freight had a bumpy journey in 2022 as ocean delivery charges dropped from their pandemic-­pushed highs and provide chain bottlenecks eased within the second half of the yr.

Kuehne + Nagel maintained its No. 1 place within the ocean freight forwarding sector at the same time as its quantity fell to 4.39 million 20-foot-equivalent items, a decline of greater than 200,000 TEUs from the earlier yr.

Chinese language agency Sinotrans Ltd., in distinction, expanded its ocean forwarding enterprise to three.89 million TEUs final yr, inserting it at No. 2 on the sector listing.

No. 3 DHL Provide Chain & ­International Forwarding was subsequent on the listing with 3.29 million TEUs, adopted by DSV A/S and DB Schenker rounding out the highest 5.

The remaining corporations within the high 10 all reported forwarding greater than 1 million TEUs of ocean freight in 2022, together with No. 8 Ceva Logistics and No. 10 Geodis, each of which noticed quantity will increase.

A complete of 47 corporations forwarded no less than 100,000 TEUs of ocean freight in 2022.

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