38 The Journal of Commerce | April 15 2019 www.joc.com

Top 50 Global Logistics CompaniesSpecial Report

In millions of US dollars

1 Amazon USA $31,881 $42,745 34.1% Includes revenue from commissions, fulfillment fees, and other third-party seller services

2 DHL* Germany $30,775 $33,424 8.6%

3 Kuehne & Nagel Switzerland $22,674 $25,368 11.9%

4 DB Schenker* Germany $17,783 $19,527 9.8%

5 Nippon Express Japan $16,382 $18,205 11.1%

6 C.H. Robinson USA $13,503 $15,515 14.9% Acquired The Space Group in March 2019 and Milgrom & Co. in September 2017

7 DSV~ Denmark $11,355 $12,511 10.2%

8 XPO Logistics USA $10,352 $11,823 14.2%

9 UPS USA $8,691 $9,814 12.9%

10 J.B. Hunt USA $6,828 $8,214 20.3% Acquired Cory Home Delivery in January 2019 and Special Logistics Dedicated in July 2017

11 Expeditors International USA $6,921 $8,138 17.6%

12 Dachser* Germany $6,899 $7,575 9.8%

13 CEVA Logistics Switzerland $6,994 $7,356 5.2%

14 Sinotrans China $6,766 $6,815 0.7%

15 Panalpina Switzerland $5,620 $6,168 9.7%

16 SNCF Geodis* France $5,761 $5,861 1.7%

17 Gefco France $5,019 $5,661 12.8%

18 Kintetsu World Express Japan $4,747 $5,370 13.1%

19 NYK Group Japan $4,457 $4,827 8.3% NYK Group acquired full ownership of Yusen Logistics in February 2018

20 Agility Logistics Kuwait $4,007 $4,545 13.4%

21 Hub Group USA $4,035 $4,423 9.6% Sold off Mode Transportation subsidiary in September 2018

22 Rhenus & Co.* Germany $4,060 $4,360 7.4%

23 Bolloré* France $3,704 $4,108 10.9%

24 Samsung SDS Logistics South Korea $3,688 $3,977 7.8%

25 Hellman Worldwide Logistics* Germany $3,609 $3,930 8.9%

26 Toll Group Australia $3,790 $3,858 1.8%

27 Ryder USA $3,033 $3,731 23.0% Acquired MXD Group in April 2018

28 FedEx USA $3,294 $3,654 10.9%

29 TQL USA $2,934 $3,600 22.7%

30 CJ Logistics South Korea $2,308 $3,322 44.0% Acquired DSC Logistics in June 2018

31 Pantos South Korea $2,919 $3,271 12.1%

32 Schneider National USA $2,699 $3,190 18.2%

33 Transplace USA $2,181 $2,886 32.3% Acquired Intermodal and Brokerage operations of Yusen Logistics Americas in October 2018

34 Damco Netherlands $2,668 $2,716 1.8%

35 Kerry Logistics Hong Kong $2,204 $2,673 21.3% Acquired S.A.S. in May 2018

2018 2017 2018 2017 vs. 2018 Rank Company Name Base Country Revenue Revenue % Growth Comments

Rankings of the JOC Top 50 Global Logistics Providers

April 15 2019 | The Journal of Commerce 39www.joc.com

Top 50 Global Logistics Companies Cover StorySpecial Report

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In millions of US dollars

2018 2017 2018 2017 vs. 2018 Rank Company Name Base Country Revenue Revenue % Growth Comments

Rankings of the JOC Top 50 Global Logistics Providers

36 Sankyu Japan $2,412 $2,611 8.3%

37 BDP International USA $2,384 $2,503 5.0%

38 Echo Global Logistics USA $1,943 $2,440 25.6%

39 Hitachi Transport Japan $2,302 $2,342 1.8%

40 Penske Logistics USA $1,700 $2,194 29.0% Acquired Epes Transport Systems in June 2018

41 Imperial Logistics South Africa $1,778 $1,893 6.5%

42 Swi� Logistics USA $1,760 $1,855 5.4%

43 Fiege* Germany $1,635 $1,829 11.8%

44 NFI Industries USA $1,606 $1,813 12.9%

45 Wincanton^ United Kingdom $1,487 $1,572 5.7%

46 Werner USA $1,214 $1,472 21.2%

47 GlobalTranz USA $864 $1,400 62.0% Made seven acquisitions between January 2017 and December 2018

48 Mainfreight New Zealand $1,227 $1,394 13.6%

49 Logwin AG* Luxembourg $1,262 $1,356 7.5%

50 BLG Logistics* Germany $1,227 $1,315 7.2% Acquired Kitzinger & Co. in May 2017

Top 50 $299,341 $341,151 14.0%

*Growth benefited from 4.6 percent increase in euro relative to US dollar ̂ Growth benefited from 3.5 percent increase in British pound relative to US dollar ~Growth benefited from 4.4 percent increase in Danish krone relative to US Dollar Company revenues are primarily from non-asset third-party logistics Source: Company reports, SJ Consulting estimates Prepared by SJ Consulting Group