The Logistics of Logistics The Top 100 Logistics Companies with Seth Clevenger
Seth Clevenger and Joe Lynch discuss the top 100 logistics companies. Seth is Managing Editor of features at Transport Topics. He plans, writes and edits news features for Transport Topics' weekly newspaper, supplemental publications and TTNews.com.
About Seth ClevengerSeth Clevenger is Managing Editor of features at Transport Topics. He plans, writes and edits news features for Transport Topics' weekly newspaper, supplemental publications and TTNews.com. He also creates video and audio content for Transport Topics' webcasts, podcasts and radio programming. Clevenger, who joined TT in 2011, covers the latest industry news with a special focus on transportation technology, including automated vehicles and driver-assist systems, the latest developments in trucking equipment, transportation management software, telematics and mobile communications, data analytics, routing and navigation software, onboard video and more. Clevenger, currently based in Alexandria, Va., is a native of northwest Ohio. He is a 2005 graduate of Miami University in Oxford, Ohio.
About Transport TopicsSince 1935, Transport Topics has been the news leader in trucking and freight transportation. When it comes to major issues, industry events, and new developments, TT journalists get the story first and get it right, keeping readers informed about all aspects of the trucking industry and helping them stay ready for what's to come.
Key Takeaways: The Top 100 Logistics Companies- Seth Clevenger is Managing Editor of features at Transport Topics. He plans, writes, and edits news features for Transport Topics' weekly newspaper, supplemental publications and TTNews.com.
- In the podcast interview, Seth and Joe discuss the top 100 logistics companies. Below are some highlights from Seth's article, 2023 Top 100 Logistics List Highlights Growth for 3PLs.
- Despite a challenging economic environment and less favorable market conditions, the largest third-party logistics companies in North America continued to grow last year.
- Spot freight demand has softened, and truck capacity has loosened since the frenetic days of the 2021 freight boom.
- Shippers have replenished their inventories after struggling with supply chain bottlenecks during the recovery from the coronavirus pandemic.
- An overwhelming majority of the 3PLs that appear on the 2023 Transport Topics Top 100 Logistics Companies list continued to grow their revenues last year.
- The annual list ranks companies on the basis of annual gross revenue generated by their logistics operations, including freight brokerage, freight forwarding, warehousing and distribution and asset-based dedicated contract carriage.
- Freight brokerage giant C.H. Robinson Worldwide holds onto its No. 1 ranking by a significant margin.
- Ryder Supply Chain Solutions climbed into the top 10 after expanding its revenue to $6.5 billion last year.
- Armada Supply Chain Solutions acquired St. Louis-based freight brokerage Sunset Transportation and lands at No. 13 on the Top 100 with more than $5.5 billion in revenue.
- Several companies are making their first appearance on the Top 100 this year, including RXO, Ryan Transportation Service, Scotlynn Group, Canada Cartage, KAG Logistics, and Logistics Plus.
- The Top 100 list and the accompanying sector rankings were produced in collaboration with industry research and consulting firm Armstrong & Associates.