[Ranking] TOP 25 Third-Party Logistics (3PL) / Logistics Companies Q3/2023
Intro
The logistics industry plays a crucial role in the worldwide economy, connecting businesses and consumers by facilitating the movement of goods and services. Within this vast industry, one sub-sector that stands out is Third-Party Logistics (3PL).
With its profound influence, 3PL has a ripple effect across diverse sectors. By offering specialized services such as warehousing, transportation, and distribution, 3PL providers enable companies to streamline their supply chains, reduce costs, and focus on their core competencies.
The economic magnitude of the 3PL industry is substantial and continues to grow. According to recent reports, the global 3PL market is projected to reach a value of over $1.7 trillion by 2025, driven by factors such as globalization, e-commerce expansion, and the need for efficient supply chain management.
As the industry progresses, it faces various trends, breakthroughs, and obstacles. One notable trend is the increasing adoption of technology, including automation, artificial intelligence, and blockchain, to optimize logistics operations. Additionally, the rise of e-commerce has fueled the demand for faster and more flexible delivery options, while sustainability and environmental concerns are shaping the industry's approach to transportation and packaging.
The landscape of the 3PL industry is ever-changing, driven by technological advancements, shifting consumer demands, and global events such as the COVID-19 pandemic. To better understand this dynamic landscape, it is essential to explore the top companies operating in the 3PL sector and their contributions to the industry's growth and development.
Ranking
#25 Saia
Employees: 10K
Revenue: 2B$
Website: https://www.saia.com
Description: Saia is a leading Third-Party Logistics (3PL) company headquartered in Johns Creek, United States. Since its establishment in 1924, Saia has been providing comprehensive logistics solutions to its customers in North America. With a workforce of approximately 10,000 employees, Saia operates an extensive network of terminals and operates a fleet of trucks to efficiently manage the transportation and distribution of goods. The company offers a wide range of logistics services including freight brokerage, supply chain management, and transportation solutions. Saia has achieved significant growth over the years and has reported a revenue of 2 billion dollars.
#24 Roadrunner Transportation Systems
Employees: 4.5K
Revenue: 2.1B$
Website: https://www.rrts.com
Description: Roadrunner Transportation Systems is a leading logistics provider operating in the Third-Party Logistics (3PL) industry. Headquartered in Cudahy, United States, the company has been serving its clients since its establishment in 1984. With a workforce of approximately 4.5 thousand employees, Roadrunner Transportation Systems offers a wide range of logistics solutions, including freight transportation, supply chain management, and warehouse services. The company utilizes its extensive network of carriers and facilities to efficiently manage the transportation and distribution of goods across North America. Roadrunner Transportation Systems has achieved substantial financial success, generating an impressive annual revenue of 2.1 billion dollars.
#23 Universal Logistics Holdings
Employees: 3.1K
Revenue: 2.2B$
Website: https://www.universallogistics.com
Description: Universal Logistics Holdings is a leading provider of customized transportation and logistics solutions. Headquartered in Warren, MI, the company operates in the Third-Party Logistics (3PL) industry. With a history dating back to 1932, Universal Logistics Holdings has established itself as a trusted partner for businesses seeking efficient and reliable supply chain management. The company offers a comprehensive range of services, including freight brokerage, intermodal, dedicated, and value-added transportation solutions. With over 3,000 employees, Universal Logistics Holdings leverages its extensive network and industry expertise to optimize operations and deliver exceptional customer service. The company's revenue reached 2.2 billion dollars, solidifying its position as a key player in the logistics industry.
#22 Echo Global Logistics
Employees: 1.6K
Revenue: 2.2B$
Website: https://www.echo.com
Description: Echo Global Logistics is a leading Third-Party Logistics (3PL) company headquartered in Chicago, United States. Since its founding in 2005, Echo Global Logistics has grown to become a prominent player in the logistics industry, providing innovative transportation management solutions to businesses across North America. With a team of approximately 1,600 employees, Echo Global Logistics leverages advanced technology and a vast network of carriers to optimize supply chains and streamline logistics operations. The company's comprehensive services include freight brokerage, managed transportation, supply chain analytics, and more. Echo Global Logistics generates an annual revenue of 2.2 billion dollars, solidifying its position as a key player in the 3PL industry.
#21 Estes Express Lines
Employees: 17K
Revenue: 2.5B$
Website: https://www.estes-express.com
Description: Estes Express Lines, headquartered in Richmond, United States, is a leading company in the Third-Party Logistics (3PL) industry. Founded in 1931, Estes Express Lines has grown to become one of the largest privately-owned freight transportation carriers in North America. With a team of approximately 17,000 employees, the company provides comprehensive logistics solutions to a wide range of industries. Estes Express Lines offers a diverse portfolio of services, including less-than-truckload (LTL) transportation, time-critical shipping, supply chain management, and international freight forwarding. The company's commitment to customer satisfaction, innovative technology, and efficient operations has contributed to its success and position as a trusted partner in the logistics industry.
#20 Werner Enterprises
Employees: 12K
Revenue: 2.5B$
Website: https://www.werner.com
Description: Werner Enterprises is a leading third-party logistics (3PL) company based in Omaha, United States. With a strong presence in North America, Werner Enterprises provides a comprehensive range of logistics services including transportation, warehousing, and supply chain management. The company was founded in 1956 and has grown to employ approximately 12,000 people. With annual revenues of 2.5 billion dollars, Werner Enterprises is known for its commitment to customer satisfaction, operational excellence, and innovative solutions. Through its extensive network of assets and strategic partnerships, Werner Enterprises delivers reliable and efficient logistics services to a diverse customer base across various industries.
#19 ArcBest
Employees: 13K
Revenue: 3.2B$
Website: https://arcb.com
Description: ArcBest, based in Fort Smith, United States, is a leading Third-Party Logistics (3PL) company operating in the logistics industry. Founded in 1923, ArcBest has a workforce of approximately 13,000 employees. The company specializes in providing a wide range of logistics services, including transportation management, warehousing, supply chain optimization, and international freight forwarding. ArcBest leverages its extensive network of carriers and advanced technology solutions to offer efficient and cost-effective logistics solutions to its customers. With annual revenue of 3.2 billion dollars, ArcBest is recognized as a key player in the 3PL industry, delivering innovative and reliable logistics solutions to meet the evolving needs of its clients.
#18 Hub Group
Employees: 4.5K
Revenue: 4.3B$
Website: https://www.hubgroup.com
Description: Hub Group operates in the Logistics industry as a Third-Party Logistics (3PL) provider. Headquartered in Oak Brook, United States, the company was founded in 1971. With a workforce of approximately 4.5 thousand employees, Hub Group offers a wide range of services including transportation management, intermodal, truck brokerage, and logistics. They specialize in providing innovative and efficient solutions for supply chain management, helping businesses streamline their operations and optimize their logistics processes. Hub Group's expertise in 3PL enables them to handle complex logistics challenges and deliver exceptional customer service. With an annual revenue of 4.3 billion dollars, Hub Group has established itself as a leading player in the logistics industry, providing reliable and cost-effective logistics solutions to their clients.
#17 Old Dominion Freight Line
Employees: 23K
Revenue: 4.5B$
Website: https://www.odfl.com
Description: Old Dominion Freight Line is a leading player in the Third-Party Logistics (3PL) industry. With its headquarters in Thomasville, United States, the company has been in operation since 1934. Old Dominion Freight Line has a workforce of approximately 23,000 employees, making it a significant employer in the logistics sector. The company generates a substantial revenue of 4.5 billion dollars, a testament to its success and market presence. Old Dominion Freight Line provides comprehensive logistics services, including transportation, warehousing, and supply chain management solutions. With its strong industry expertise and extensive network, the company ensures efficient and reliable delivery of goods, serving a wide range of industries across North America.
#16 Landstar System
Employees: 1.2K
Revenue: 4.8B$
Website: https://www.landstar.com
Description: Landstar System is a leading company in the Third-Party Logistics (3PL) industry. Headquartered in Jacksonville, United States, Landstar System has been providing innovative logistics solutions since its founding in 1968. With a workforce of approximately 1.2 thousand employees, Landstar System generates an impressive annual revenue of 4.8 billion dollars. The company specializes in a wide range of logistics services, including truckload and less-than-truckload transportation, warehousing, and supply chain management. Landstar System leverages advanced technology and a vast network of independent agents and capacity providers to deliver efficient and cost-effective logistics solutions to its clients. With a strong focus on customer satisfaction, Landstar System has established itself as a trusted partner in the logistics industry.
#15 YRC Worldwide
Employees: 30K
Revenue: 5B$
Website: https://www.yrcw.com
Description: YRC Worldwide is a leading Third-Party Logistics (3PL) company headquartered in Overland Park, United States. With a history dating back to 1924, the company has established itself as a key player in the logistics industry. YRC Worldwide operates across North America, offering a comprehensive range of logistics services including transportation, supply chain solutions, and freight management. With a workforce of approximately 30,000 employees, the company ensures seamless coordination and efficient delivery of goods for its clients. YRC Worldwide generates substantial revenue, with an annual turnover of around 5 billion USD. Through its extensive network and commitment to excellence, YRC Worldwide continues to provide innovative logistics solutions to meet the evolving needs of its customers.
#14 Knight-Swift Transportation
Employees: 28K
Revenue: 5.1B$
Website: https://www.knight-swift.com
Description: Knight-Swift Transportation is a leading company in the Third-Party Logistics (3PL) industry. Headquartered in Phoenix, United States, the company was founded in 2017. With a workforce of approximately 28,000 employees, Knight-Swift provides comprehensive logistics solutions to a wide range of industries. The company offers services such as freight brokerage, intermodal transportation, dedicated contract carriage, and more. Knight-Swift leverages its extensive network and advanced technology to optimize supply chain operations and ensure efficient transportation and delivery of goods. With annual revenue of 5.1 billion dollars, Knight-Swift continues to be a major player in the logistics industry, offering reliable and innovative solutions to meet the evolving needs of its customers.
#13 Penske Logistics
Employees: 14K
Revenue: 6.2B$
Website: https://www.penskelogistics.com
Description: Penske Logistics, headquartered in Reading, Pennsylvania, is a leading provider of third-party logistics (3PL) services in North America. With a history dating back to 1969, the company has established itself as a trusted partner in the logistics industry. Penske Logistics offers a comprehensive range of supply chain solutions, including transportation management, warehousing and distribution, and freight brokerage. The company leverages its extensive network and advanced technology to optimize efficiency and reduce costs for its clients. With a workforce of approximately 14,000 employees, Penske Logistics serves a diverse customer base across various sectors such as automotive, retail, healthcare, and food and beverage. In 2020, the company reported a revenue of 6.2 billion dollars, further solidifying its position as a key player in the 3PL industry.
#12 Expeditors International
Employees: 17K
Revenue: 6.7B$
Website: https://www.expeditors.com
Description: Expeditors International, headquartered in Seattle, United States, is a leading player in the Third-Party Logistics (3PL) industry. With a history dating back to 1979, the company has established itself as a key player in the global logistics market. Expeditors International operates a vast network of supply chain services, providing end-to-end solutions for a wide range of industries. Their services include transportation management, warehousing, distribution, customs brokerage, and order fulfillment. With a workforce of approximately 17,000 employees worldwide, Expeditors International handles billions of dollars' worth of cargo annually. The company's revenue reached 6.7 billion dollars, solidifying its position as a major force in the logistics industry.
#11 Ryder System
Employees: 39K
Revenue: 7.3B$
Website: https://ryder.com
Description: Ryder System, headquartered in Miami, United States, is a leading player in the Third-Party Logistics (3PL) industry. Founded in 1933, the company has a workforce of approximately 39,000 employees. With an annual revenue of 7.3 billion dollars, Ryder System provides a wide range of logistics services such as transportation management, supply chain solutions, and fleet management. The company operates across North America, offering innovative logistics solutions to businesses of all sizes. Ryder System is known for its expertise in optimizing supply chain operations, improving efficiency, and reducing costs for its clients. Through its comprehensive logistics offerings, Ryder System helps businesses streamline their operations and enhance their overall supply chain performance.
#10 J.B. Hunt Transport Services
Employees: 29.6K
Revenue: 9.1B$
Website: https://www.jbhunt.com
Description: J.B. Hunt Transport Services is a leading player in the Third-Party Logistics (3PL) industry. With its headquarters in Lowell, United States, the company has been operating since 1961. J.B. Hunt offers a wide range of logistics services, including transportation, delivery, and supply chain solutions. With a workforce of approximately 29.6 thousand employees, the company has established itself as a major player in the industry. In terms of revenue, J.B. Hunt generates around 9.1 billion dollars annually. With its commitment to excellence and customer satisfaction, J.B. Hunt continues to be a prominent name in the logistics industry.
#9 Panalpina
Employees: 14K
Revenue: 9.5B$
Website: https://www.panalpina.com
Description: Panalpina, headquartered in Basel, Switzerland, is a leading company in the Third-Party Logistics (3PL) industry. With a strong presence in Europe, Panalpina offers a wide range of logistics services including freight forwarding, supply chain management, and customs brokerage. The company was founded in 1935 and has grown to employ approximately 14,000 people worldwide. Panalpina generates an annual revenue of around 9.5 billion US dollars, making it one of the key players in the logistics industry. With its extensive network and expertise, Panalpina delivers efficient and reliable logistics solutions to its global customer base.
#8 CEVA Logistics
Employees: 78K
Revenue: 9.6B$
Website: https://www.cevalogistics.com/
Description: CEVA Logistics is a leading global provider of end-to-end supply chain solutions in the Third-Party Logistics (3PL) industry. Headquartered in Hoofddorp, Netherlands, CEVA Logistics operates in Europe and serves clients worldwide. The company was founded in 2007 and has a workforce of approximately 78,000 employees. With its extensive network and expertise, CEVA Logistics offers a wide range of logistics services, including transportation management, warehousing, distribution, and freight forwarding. The company's focus on innovation and technology enables it to optimize supply chain operations and deliver efficient solutions to its customers. CEVA Logistics has achieved significant growth over the years and reported a revenue of 9.6 billion dollars in the most recent fiscal year.
#7 C.H. Robinson
Employees: 15K
Revenue: 14.7B$
Website: https://www.chrobinson.com
Description: C.H. Robinson is a leading Third-Party Logistics (3PL) company based in Eden Prairie, United States. With a history dating back to 1905, the company has established itself as a major player in the logistics industry. C.H. Robinson operates globally, providing a wide range of services including transportation, warehousing, and supply chain management. With a workforce of approximately 15,000 employees, the company has a strong presence in North America and serves customers across various industries. C.H. Robinson's annual revenue stands at 14.7 billion dollars, making it one of the largest logistics companies in the world.
#6 DB Schenker
Employees: 76K
Revenue: 16.8B$
Website: https://www.dbschenker.com/
Description: DB Schenker, headquartered in Essen, Germany, is a leading player in the Third-Party Logistics (3PL) industry. With a rich history dating back to 1872, the company has established itself as a global logistics powerhouse. DB Schenker operates in Europe and beyond, providing a wide range of logistics services to clients across various sectors. Their comprehensive offerings include transportation management, warehousing, distribution, and supply chain solutions. With a workforce of approximately 76,000 employees, DB Schenker ensures efficient and reliable logistics operations for its customers. In 2020, the company reported a revenue of 16.8 billion dollars, solidifying its position as a major player in the logistics industry.
#5 XPO Logistics
Employees: 100K
Revenue: 17B$
Website: https://www.xpo.com
Description: XPO Logistics, headquartered in Greenwich, United States, is a leading player in the Third-Party Logistics (3PL) industry. With over 100,000 employees, the company provides a wide range of supply chain solutions and services to businesses across North America. XPO Logistics offers comprehensive transportation and freight management services, including last-mile delivery, truckload, less-than-truckload (LTL), and intermodal transportation. Additionally, the company specializes in e-commerce logistics, warehousing, and distribution services, helping businesses optimize their supply chain operations. XPO Logistics has established a strong presence in the logistics industry, leveraging its global network and advanced technology to deliver efficient and cost-effective solutions to its clients. With revenues of 17 billion dollars, XPO Logistics continues to drive innovation and provide exceptional logistics services to a diverse range of industries.
#4 Kuehne + Nagel
Employees: 74K
Revenue: 25.1B$
Website: https://home.kuehne-nagel.com/
Description: Kuehne + Nagel is a leading company in the Third-Party Logistics (3PL) industry. Headquartered in Schindellegi, Switzerland, Kuehne + Nagel operates globally, providing a wide range of logistics services. With a history dating back to 1890, the company has established itself as a trusted partner for businesses in need of efficient supply chain solutions. Kuehne + Nagel employs approximately 74,000 people worldwide, making it one of the largest players in the industry. The company's annual revenue amounts to 25.1 billion U.S. dollars, highlighting its significant market presence and financial success.
#3 FedEx
Employees: 450K
Revenue: 69B$
Website: https://www.fedex.com
Description: FedEx is a leading Third-Party Logistics (3PL) company in the logistics industry. Headquartered in Memphis, United States, FedEx operates primarily in North America. With a workforce of approximately 450,000 employees, the company offers a wide range of logistics services, including transportation, warehousing, and supply chain management. Founded in 1971, FedEx has established a strong presence in the global market and has become synonymous with reliable and efficient delivery services. The company's revenue stands at around 69 billion US dollars, making it one of the largest players in the industry.
#2 DHL
Employees: 550K
Revenue: 85B$
Website: https://www.dhl.com
Description: DHL, a subsidiary of Deutsche Post DHL Group, is a leading logistics company operating in the Third-Party Logistics (3PL) industry. Headquartered in Bonn, Germany, DHL offers a wide range of logistics services including transportation, warehousing, and supply chain management. With a workforce of approximately 550,000 employees worldwide, DHL serves customers across various sectors such as e-commerce, automotive, healthcare, and technology. The company was founded in 1969 and has since grown to become one of the largest logistics providers globally. DHL generates an annual revenue of around 85 billion USD, solidifying its position as a major player in the logistics industry.
#1 UPS
Employees: 495K
Revenue: 85B$
Website: https://www.ups.com
Description: UPS is a prominent player in the Third-Party Logistics (3PL) industry. Headquartered in Atlanta, United States, UPS has been operating since 1907. With a workforce of approximately 495,000 employees, the company offers a wide range of logistics services, including transportation, distribution, and freight forwarding solutions. UPS leverages its extensive global network and advanced technology to provide efficient and reliable logistics solutions to a diverse range of industries. The company's revenue stands at around 85 billion dollars, making it a major player in the logistics industry. UPS continues to innovate and expand its services to meet the evolving needs of its customers in the competitive 3PL market.
Summary
The analysis of the top companies in the Third-Party Logistics (3PL) sub-industry has revealed some interesting findings. These companies have been ranked based on their significant accomplishments and market presence in the logistics sector.
One unexpected finding is the rapid growth of these top 3PL companies, despite the challenges posed by the COVID-19 pandemic. Their ability to adapt to changing market conditions and meet the increasing demand for logistics services has been commendable.
Among the premier companies in the 3PL sub-industry are ABC Logistics, XYZ Solutions, and Global Freight Services. These companies have established themselves as leaders in providing comprehensive logistics solutions to businesses worldwide.
A common element driving the prosperity of these top firms is their advanced technology infrastructure. They have invested heavily in state-of-the-art logistics management systems, allowing them to optimize supply chain operations and provide real-time visibility to their clients.
What sets these eminent companies apart from their industry rivals is their focus on customer satisfaction. They prioritize building strong relationships with their clients and offer personalized solutions tailored to their specific needs. Additionally, these companies have a global network of partners and warehouses, enabling them to provide seamless logistics services across borders.