This observation would suggest that profitability is likely an important consideration in how investors are valuing companies in the 3PL industry. Old Dominion Freight Line, Inc. (NASDAQ: ODFL) has over 20,000 employees and boasts a market capitalization of $30 billion. Knight-Swift Transportation provides truckload transportation and logistics services. Government, Business, Technology, Equipment, Logistics, Government, Technology, Equipment, Logistics, Top 50 Logistics Companies Press Release and Logo, About Us: Transport Topics Top 50 Logistics Companies, Railroads Warned of Potential Problems With Long Trains, Hub Group Reports Revenue and Earnings Decline for Q1, Universal Logistics Reports Weaker Q1 Amid Softening Market, ArcBest Reports Q1 Revenue, Earnings Decline, California Passes First-in-Nation Locomotive Emission Rule, Landstar Reports Revenue and Earnings Decline for Q1, Schneider Reports 6% Q1 Earnings Gain Despite Revenue Drop, Ryder Q1 Profit Slides on Lower Used Vehicle Sale Prices, Miami, Seven Other Cities to Test Cargo Bikes, 2023 Transport Topics | All Rights Reserved, Ingram Micro Commerce & Lifecycle Services. Nippon Yusen KK is a Japanese company that provides services in logistics and transportation. Federal regulators are warning railroads that the long trains they favor can cause all kinds of problems and contribute to derailments. This article will analyze some of the factors that appear to have impacted valuations in the industry. Language links are at the top of the page across from the title. It boasts a market capitalization of $42.2 billion which places it at number 7 in our list of the 25 biggest logistics companies in the world. All rights reserved. It typically happens in the United States on exchanges like the New York Stock Exchange (NYSE) or the Nasdaq stock market. We are not ones to shy away from this question because we have been around long enough to know there is not a one size fits all answer to their inquiry. This network, combined with our industry leading technology and unmatched service, has been the key to our growth, plain and simple. 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), Old Dominion Freight Line, Inc. (NASDAQ: ODFL) is one of the biggest logistics companies in the world. According to industry experts, thats a complicated question. Fact checked by Kirsten Rohrs Schmitt. 2021 was an interesting year for the broad logistics industry marked by supply chain disruptions, shifting consumer demand, and robust demand for logistics service providers. With Blackstone's bucks behind it, Link Logistics makes its presence The company was founded in 1888 as a horse and cart hauling business. 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. Will you be a big fish in a small pond or a small fish in an ocean? What Is the Russell 1000 Index? Total Quality Logistics (TQL) 2.3K reviews Want to work here? Blue Dart is worth $1.84 billion on the open market. 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. 7 Best Transportation Stocks to Buy Now | Kiplinger [12], TQL has been ranked a Greater Cincinnati Top Places to Work 12 times. However, the sector certainly faces challenges. March 28, 2022. $1,075 . They have over 10,000 employees and have a market capitalization of $3.65 billion. Mainfreight is a publicly-traded logistics company headquartered in Auckland, New Zealand. To be included in the Top 50 list, please send contact information to tteditor@ttnews.com. ArcBest is a holding company engaged in motor carrier transportation and intermodal transportation operations. Quality Logistics - Overview, News & Competitors | ZoomInfo.com Click Request Service to get started. In this case, there appears to be some correlation between revenue multiples and EBITDA margins. Actual results for 2020 modestly exceeded expectations for the year (blue line), but analysts currently expect the publicly-traded 3PL companies to have fully recovered (and then some) in 2021. They spend over $450 million dollars per year on major technology investments to continue pushing the field forward. The freight and logistics industry is also dependent on fuel prices, which can be volatile and unpredictable, making it a significant risk for companies in this sector. [19] Also in 2022, The Journal of Commerce ranked TQL the 19th largest Global Third-Party Logistics Provider in their Top 50 Global 3PLs Special Report. 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. DBA Name: Physical Address: 4289 IVY POINTE BLVD. The net revenues generated by a company help determine the cash flow for an organization. Action Alerts PLUS is a registered trademark of TheStreet, Inc. TQL provides online access to data including load management, tendering, and tracking, as well as around the clock customer support services to clients nationwide. Ryder is a leading American logistics company that is known for its services in fleet management, supply chain management, and dedicated transport management. Top Logistics Companies in Mexico - 2023 Reviews | Clutch.co Knight-Swift is the industry's largest full truckload company with an extensive fleet of approximately 19,000 tractors and 58,000 trailers. CINCINNATI, April 21, 2021 /PRNewswire/ -- FC Cincinnati is pleased to announce Total Quality Logistics (TQL) as the official naming rights partner of "TQL Stadium", opening May 1, 2021. The pandemic-driven spike in online shopping has forced firms to adjust operations. Only C.H. Figure 6 presents this relationship. Freight Broker By delivering the highest level of professional service, reliability, and peace of mind to customers and carriers 24/7/365, we have become one of the largest and most trusted freight brokerage firms in North America, employing more than 10,000+ people. The biggest trucking companies are headquartered in the United States, Canada, and Japan. The company also offers information services, maintenance of trucks and vehicles for transportation companies, and various financial services. The market capitalization for Expeditors International of Washington, Inc. (NASDAQ: EXPD) is an astounding $21.6 billion that ranks it at number 10 in our list of the 25 biggest logistics companies in the world. Updated March 05, 2023. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. The company has its corporate headquarters in Green Bay, Wisconsin. Working at Total Quality Logistics | Glassdoor More. Quality Gold, A Leading Vertically Integrated Specialty Logistics and This is another topic that is often overlooked in todays vetting process, yet it is so important in a logistics service providers ability to move freight, find capacity, communicate and provide the highest level of service. We work with a network of more than 160,000+ carriers to create greater supply chain efficiencies for our customers. All rights reserved Asked September 27, 2016 Summary created automatically from answers given by users on Indeed.com 36% of answers mention You haft to work 10 plus hours a day and some weekends! Definition, Holdings, and Returns, #4 Knight-Swift Transportation Holdings Inc.(KNX), One Truck Started a North American Network, About Us: Providing Innovative Logistics Solutions - Ace=ross Industries and Around the Globe. 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. TOTAL QUALITY LOGISTICS LLC. The responsibilities of logistics companies are not as trivial as most people think. Generally, the business cycle of the logistics industry correlates to changes in freight supply and demand. Liquidation services resell returned items, a $644 billion business - CNBC [16] The company is a five time winner of the Fortune Best Workplaces for Millennials award. Dray Distance from Intermodal Ramps: 50 to 100 miles from the origin and destination intermodal ramp helps. Robinson Worldwide, Inc. (NASDAQ: CHRW), and Hub Group, Inc. (NASDAQ: HUBG). Wedgewood Partners, in their Q1 2021 investor letter, mentioned Old Dominion Freight Line, Inc. (NASDAQ: ODFL). [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. As of 2021, ZTO Express (Cayman) Inc. (NYSE: ZTO) has over 22,000 employees and a market capitalization of $24.4 billion. TQL | Truckload, LTL, Intermodal, Drayage, Air, Ocean, Specialized Services 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. Nippon Express has over 73,000 employees, claims annual revenues of up to $18.9 billion, and has a market capitalization of $7.15 billion which brings it at number 15 in our list of the 25 biggest logistics companies in the world. 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. As of December 31, 2020, the publicly-traded 3PL companies expected a sharp decline in EBITDA. The trends observed in this article suggest that the valuations of publicly-traded 3PL companies appear to have been influenced by the cyclicality in the broader logistics industry. Logistics is the key player when it comes to efficient and effective transportation, as well as storage of goods and services. We noted an apparent correlation between 2-year projected EBITDA growth and LTM EBITDA multiples (though we recognize that the population of data points is limited). RXO isa tech-enabled transportation service leader headquartered in Charlotte, North Carolina specializing in truck brokerage. Telephone:52-894-8078800 Address:caimito 14, Cancun, Quintana ROO, Mexico. Have an account to our customer or carrier technology platforms? Top 50 Logistics Companies provide logistics services, including freight brokerage, freight forwarding, warehousing and dedicated contract carriage in North America and are ranked on the basis of annual gross revenue. Lower used-vehicle sale prices and the U.K. market exit hurt profits at Ryder System Inc. in the three months ending March 31, it said, as results fell short of analyst expectations. Its corporate headquarters are set up in Minnesota, United States. The most highly levered companies within the public 3PL companies tend to trade at the lowest multiples, while those with less debt appear to change hands at the highest multiples. Mainfreight is a publicly-traded logistics company headquartered in Auckland, New Zealand. Prefer your "Best ofs" in video form? Together, the combined company offers a comprehensive package of innovative, sustainable, specified, engineered water solutions and sustainable plumbing products that provide water safety, water. The use of robotics for automating warehouses has stripped logistics companies of wasting human resources on mundane tasks. Forward Air Corporation has the highest projected growth rates, which is likely a contributing factor to its lofty valuation multiple (despite its relatively small size). Find out where the Top 50 are located by U.S. region. 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. Bucking the industry, the Company actually grew earnings per share by +3.8% and +11.4% in 2019 and 2020, respectively. Copyright 2023 ValuAnalytics, LLC. Holding Co. is a Chinese MNC that provides logistics services. 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+. Goldman, Bank of America Slightly Push Back Call for BOJ Move, Yen Bulls Are Pushing Back Bets on BOJ Tailwind to the Summer, Australias Rapid Fiscal Revival Brings Budget Surplus in View, Kings Coronation Holiday Provides Latest Drag for UK Economy, How Much ECB Hikes This Week Hinges on One Data-Packed Morning, Chinas Midea Said to Make Takeover Approach to Electrolux, SoftBank Shares Rise After Arm Files Confidentially for IPO, Pitched Fight for Stock Market Supremacy Was Masked by VIXs April Plunge, Tech, AI Driving Job Changes for Nearly a Quarter of All Workers, AI Chatbots Have BeenUsed to Create Dozens of News Content Farms, Ukraine Latest: Russia Targets Cities With New Missile Strikes, Eastern Europe Is Jeopardizing anEconomic Lifeline for Ukraine, Peter Thiel Tells Black-Tie NYC Audience That Diversity Is a Distraction, What You Need to Know About the Biden Administrations New Mortgage Fees, Russias Most Famous Fashion Designer, Who Dressed First Ladies, Dies at 85, Pope voices willingness to return Indigenous loot, artifacts, The Slow Dance Between Markets and Central Banks, The Oil Industrys Unhappy Marriage Is Starting To Face Facts, Dont Make It Too Hard for Americans to Investin China, The Boring Old Box Truck Gets the Tesla Treatment, For Banks Under Stress, Theres a Federal Backstop That Provides Help Without Stigma, What the US Can Learn From Europes ESG Mistakes, Singapore Deputy PM Allays Property Price Fears in May Day Rally, Japan Coalition Party Says More Handouts for Kids Top Priority, What to Know About Red-Flag Warnings, an Ominous WildfireForecast, Occidental Hopes to Sell the Carbon It Capturesat the Worlds Biggest Plant, Germany Sets the New Standard for Cheap, National Mass Transit, Chinas Now Spurning Ugliest Buildings That Symbolized Its Meteoric Rise, Broke Chinese Gen Zs Turn Factory Town into Top Tourist Spot, Bitcoin Sags After its Longest Streak of Monthly Gains Since 2021, Bitcoin on Course for Longest Streak of Monthly Gains Since 2021, Cross River Bank Gets FDIC Enforcement Order Over Lending. TQL builds on its success - Cincinnati Business Courier Weight: The freight cannot weigh more than 42,500 pounds. 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.. The Top 3PLs & Cold Storage Providers of 2019 | Food Logistics Robinson Worldwide, Inc. (NASDAQ: CHRW) and, a lot of others that we mentioned in our list. Top Third-Party Logistics (3PL) Warehouse & Fulfillment Companies Logistics Service Provider. Quality Gold is a leading, global, vertically integrated distributor with operations in the United States, Canada and India, supplying e-commerce platforms, independent jewelry retailers, both. The Company arranges the transportation of full truckload shipments that vary in size, volume, and commodities. Total Quality Logistics Response Dec 05, 2019. Adestella Investment Management, in their Q4 2020 investor letter, mentioned XPO Logistics, Inc. (NYSE: XPO). Latest News about Total Quality Logistics Recent news which mentions Total Quality Logistics Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. Robinson Worldwide, Inc. (NASDAQ: CHRW) stands at number 13 in our list of the 25 biggest logistics companies in the world, boasting annual revenues of more than $16 billion and a market capitalization of $12.6 billion. For the most part, companies with higher projected growth rates appear to trade at higher valuation multiples. Total Quality Logistics (TQL) is a North American freight brokerage and third-party logistics firm. If you want to skip our comprehensive analysis on these companies, go directly to the 5 Biggest Logistics Companies in the World. 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), S.F. XPO uses its proprietary technology, including the cutting-edge XPO Connect automated freight marketplace, to move goods efficiently through supply chains. Top 10 Largest Logistics Companies in the World 2020, Logistics Furthermore, the U.S. freight and logistics market has experienced steady growth, with a year-over-year increase of 5.28% in 2021, and a projected CAGR of 4.08% from 2023 to 2028. Pros Yamato Holdings, a Japan-based holding company, is the biggest trucking company and offers delivery services through its group of companies and subsidiaries. Service Focus. As of 2021, Sinotrans has over 35,000 employees and a market capitalization of $5.4 billion. XPO Logistics Announces Plan to Create Two Standalone, Top 50 Logistics Companies provide logistics services, including freight brokerage, freight forwarding, warehousing and dedicated contract carriage in North America and are ranked on the basis of annual gross revenue. It also offers truckload brokerage, supply chain consulting, and warehousing. For private equity funds, we can help with your annual mark-to-market accounting exercise. Does anyone own the publicly traded MLP's Energy Transfer Partners and Sunoco Logistics? [10], As of 2022, TQL was ranked the second-largest freight brokerage firm in North America by Transport Topics magazine, posting $1.4 billion in net revenue off gross revenues of $7.8 billion. XPO Logistics Sells Intermodal Business to STG Logistics For a quick read on the basic concepts of risk and return and how they apply in the context of this article, please visit:What is Value? The true value of the global logistics industry falls in the range of $8 to $12 trillion. [3] It was founded in 1997 by Ken Oaks in Cincinnati, Ohio, and is headquartered in Union Township, Clermont County, Ohio. These companies operate in a wide range of industries, including air cargo, ground transportation, and shipping. Learn More. [21] The company later upped the commitment to $2 million. The sale of XPO Intermodal was announced in news releases from each of the companies on March 25. | This relationship appears to hold for the 3PL industry, as shown in Figure 8 below. The growth of the logistics industry stems from the fact that logistics companies are heavily involved in incorporating new technology to better their services. Quality Gold, A Leading Vertically Integrated Specialty Logistics and The pledge will retain the largest publicly traded company headquartered in Greenwich. Latest News about Total Quality Logistics - CloudQuote 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. Now it is possible to track packages in real-time and know their instantaneous location. View jobs View all 225 questions about Total Quality Logistics (TQL) How are the working hours at TQL? [35]. TQL Salaries (April 2023) - Zippia How are the working hours at TQL? | Total Quality Logistics (TQL In Figure 4, the orange line represents data as of December 31, 2020 and reflects continued uncertainty for the industrys growth prospects. XPO is one of the largest providers of asset-based less-than-truckload (LTL) transportation in North America, moving goods using cutting-edge technology. They also have to optimize procedures that include, but are not limited to, supply chain, production, packaging, inventory management, warehousing, security, material handling, inbound and outbound transportation, and integration of information. Debt usage tends to increase financial risk to equity holders. Other businesses include the marketing of fuel and paper products, leasing land, buildings, and truck terminals, and the provision of information and staffing services. XPO posted 2020 revenues of about $16 billion and employs about 45,000 people in the U.S. About 600 are. ), financial institutions, privately held business . In its Q1 2021 investor letter, Diamond Hill Capital highlighted a few stocks and Hub Group Inc. (NASDAQ:HUBG) is one of them. Outside the big names in trucking, it can be like looking for a needle in a haystack, so many companies turn to the brokerage non-asset logistics service provider market to help them in their 53 capacity needs. Listen to this article 5 min. Universal Logistics Holdings Inc: 771.45 US: NASDAQ: WERN: Werner Enterprises, Inc. New customers and carriers turn to us daily to solve their transportation needs with competitive pricing, continuous communication and a commitment to do it right every time.