Top 100 3PLs Face Slow Growth, Trade Uncertainty
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While continuing to endure a stubbornly slow freight market recovery, the largest third-party logistics providers in North America also face a murky outlook for international trade.
Uncertainty surrounding new tariffs and their potential impact on freight patterns represents the latest challenge for 3PLs to navigate as they help shippers build more resilient supply chains in an ever-changing world.
It remains unclear how the ongoing trade tensions ultimately will play out in the months ahead, but Transport Topics’ 2025 Top 100 Logistics Companies list provides a look back at how the industry’s competitive landscape has evolved during the past year.
Although a majority of the companies listed on the Top 100 managed to expand their businesses in 2024, that growth was mostly modest, while about a third of the logistics providers on the list posted lower revenue than the prior year.
Sitting atop the ranking once again is Amazon.com Inc., whose logistics operations debuted at No. 1 a year ago when TT included the company for the first time.
In addition to being the world’s largest online retailer, Amazon has built a massive fulfillment network and offers a range of third-party logistics and supply chain management services to businesses selling products on Amazon.com as well as other e-commerce platforms.
Clevenger
Amazon reported more than $156 billion in sales last year from its third-party seller services, including commissions and related fulfillment and shipping fees.
C.H. Robinson Worldwide, the industry’s largest freight broker, easily retained its No. 2 position on the Top 100.
The big mover at the top of the list, however, is contract logistics provider GXO, which climbed two positions to No. 3 with $11.7 billion in 2024 revenue.
J.B. Hunt Transport Services and UPS Supply Chain Solutions round out the top five.
A bit further down the list, food logistics and freight brokerage provider Armada Sunset Holdings moved up one spot to crack the top 10 for the first time.
The updated Top 100 also reflects several major acquisitions in the 3PL space during the past year.
Freight broker RXO completed its high-profile purchase of Coyote Logistics from UPS in September for just over $1 billion.
RXO ranks No. 16 on this year’s list after generating $4.5 billion in revenue in 2024, but the company is poised to climb further in the rankings after it realizes a full year of additional revenue from the Coyote acquisition.
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â–ºTop 100 3PLs Face Slow Growth, Trade Uncertainty
â–ºLogistics Firms Staying Flexible for the Future
â–ºMap: Where the Top 100 Are
â–ºArmstrong: A Time of Uncertainty for Logistics Providers
â–º3PLs Face Mixed Results Across Segments in 2024
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Sector Rankings
Freight Brokerage | Dedicated
Dry Storage Warehousing
Refrigerated Warehousing
Ocean Freight | Airfreight
No. 18 Schneider, meanwhile, expanded its dedicated fleet operations through its $390 million acquisition of Cowan Systems late last year.
In June, No. 22 NFI acquired the brokerage business of Transfix, which has shifted its business model from digital freight brokerage to transportation software and data services.
Looking ahead, two global logistics powerhouses are preparing to combine their operations.
In September, freight forwarder and multinational logistics firm DSV announced it agreed to purchase transportation and logistics provider DB Schenker from Deutsche Bahn in a deal valued at about $15.9 billion.
That transaction was expected to close in the second quarter of this year. For now, though, the companies’ North American operations remain listed separately on the Top 100, with DSV at No. 11 and Schenker at No. 26. Schenker is the parent of truckload carrier USA Truck, which it acquired in 2022.
This year’s Top 100 also features a handful of newcomers.
Debuting at No. 77 is the North American business of De Well Group, a freight forwarder and logistics services provider dual headquartered in Bell Gardens, Calif., and Shanghai.
Freight broker Bridgeway Connects, formerly known as Transport Investments, joins the list at No. 78. The company, based in Moon Township, Pa., provides transportation and logistics services with a focus on specialized freight.
Checking in at No. 80 are Transervice Logistics and Lily Transportation, sister companies under private equity firm ZS Fund L.P. that offer dedicated contract carriage, freight brokerage and transportation management.
C.H. Robinson Worldwide retained its No. 2 ranking on this year's Top 100 Logistics Companies list. (C.H. Robinson Worldwide Inc.)
Also joining the list is No. 94 Beemac Logistics, a freight broker and transportation management provider based in Beaver, Pa.
Finally, Delafield, Wis.-based Evans Transportation Services, which offers freight brokerage and project logistics services, enters the Top 100 at No. 97.
Meanwhile, sister companies Transportation Insight and Nolan Transportation Group are now marketing their combined capabilities under the Beon brand, the name of their shared digital logistics platform for shippers and carriers. The combined business, which ranks No. 15 on this year’s list, opened a new headquarters facility in Atlanta last year.
TT’s Top 100 Logistics Companies list ranks the largest logistics firms in North America based on annual gross revenue generated by their logistics services, including freight brokerage, transportation management, freight forwarding, warehousing and asset-based dedicated contract carriage.
Transport Topics produced this Top 100 list and the accompanying industry sector rankings in collaboration with 3PL research and consulting firm , which provided estimates for some revenue figures in cases where data was not available from company management or public sources.
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