b'MARCH 22 - APRIL 4, 2021TOP 50 NORTH AMERICAN 3PL 21(TOPcontinued fromtwo family owned enterprises. page 20) Asmergersgo,thecombin- AJOTs Top Fifty North American 3PLsspinofffromsourcinggiantingofthetwofamilyfirmsThird Party Logistics Providers State City 2020 2019Foxconn),whileanumbermade a lot of common sense. of others came into existenceThe acquisition instanteouslyHeadquartersImport TEUGross Rev.Listingthrough mergers. Still othersadded services and revenue toAgility Logistics CA Irving$5.04 bn AGLT-KWaresubsidiariesoflargerBurris and boosted the com- Alliance Customs Clearance NJ Englewood49,620 Privatecompaniesoperatingindif- panys ability to compete for ferent segments of the supplycustomers in the increasinglyAN Deringer Inc VT St. Albans20,523 Privatechain. For example, Califor- crowded3PLsector.DealsAscent Global Logistics MI Belleville36,299 PrivateniaCartage(whichevolvedlike the Burris-Trinity mergerAxiom Worldwide Logistix Inc TX Irving45,139 Privateoutofthetruckingside)isare part of the wider trend ofBDP International Inc PA Philadelphia74,978$500 mn Privatea subsidiary of NFI, anothermid-sized3PLstocoalesce company with trucking roots.and scale up to compete withBOC International Inc MA South Boston27,982 PrivateMorerecently,Maersk,thetheinternationalmega-3PLsBurris Logistics DE Milford$4 bn Privateworlds largest ocean carrier,that have emerged.Carmichael International Inc CA Los Angeles117,440 Privatehas added Vandergrift Logis-tics(MaerskCustomsSer- n ewC hallenges for3Pl s CEVA LogisticsTXHouston$7.2 bn Subsidiaryvices USA, Inc. [MCS USA]TheCOVID-19pan- CH Powell Company MA Canton27,683 Privateeffective January 18, 2021) todemicandtherecentsurgeCH Robinson Worldwide Inc MN Eden Prairie27,654$16.21 bn NASDAQa group that already includesin inbound shipments to theChep International GA Atlanta10,373$7.4 bn SubsidiaryDamcoasitbuildsoutitsUS West Coast have been the own 3PLdivision.latesttestsfortheindustry.Dachser Americas FL Plantation PrivateBecauseoftheevolu- COVID-19hasmulti-tieredDB Schenker USA NY Freeport21,121$19.42 bn Subsidiarytionofthe3PLindustry,aimpactonthesupplychain*Damco USA IL Itasca129,984$188.8 mn Subsidiarylarge number of the sectorswiththepandemicitself companies are privately helddisruptingmanninglevels;Delmar International Inc CN Montreal14,331 Private companies that started outinitiallycripplingfactoriesDHL Global Forwarding FL Miami19,005$4.4 bn OTC-DPSGYasmomandpopshopsandboth at the sourcing sites andDJS International Services TX Colleyville13,216 Privateevolvedintolargerbutstillathome,followedbylock-privatelyheldunits.C.H.downsandchangesincon- Duie Pyle PA West Chester $370 mn PrivatePowell, A.N. Deringer, Johnsumerbuyinghabits.NowDSV Panalpina (US) NJ Clark18,985$14.2 bn DSV-COPS. James, DJS International,withthelockdownseasingE Besler And Company IL Elk Grove22,134 PrivateBurrisLogisticsorMalloryand vaccines being adminis- Expeditors InternationalWA Seattle1,302,665$2.9 bn NASDAQAlexanderallhaveevolvedtered [the global distribution fromfamily roots. But beingprobably the greatest logisticsFedex Corporation TN Memphis168,410$17 bn NYSE-FDXaprivatelyheld3PLalsounder takings since WWII], aFlexport CA San Francisco$861 mn Privatemeansthatprivateequitynew challenge has arisen. AGeodis USA Inc NY Springfield Grdn.132,192$1.51 bn Subsidiaryfirmsaremoreandmoremassive surge in demand for oftentheprincipalshare- consumer goods from Asia toHub Group IL Oak Brook $3.7 bn NASDAQholder. The interest from pri- Europe and the U.S. has shipsJ.B. HuntAR Lowell$9.16 bn NASDAQvateequityfirmsandothersittingatanchorawaitingJohn S James Co NC Charlotte14,489 Privateprivateinvestmentvehiclesto unload on the West Coast accelerated in the mid-2000sanddireequipmentshort- Kintetsu World Express USA NY Jericho$5.04 bn TKY9375almostinparallelwiththeages around the globe. Addi- Kuehne Nagel International NY New York85,271$21.05 bn OTC-KHNGFgrowth in interest in Fintech.tionally, the BREXIT supplyLandstar FL Jacksonville$4.1 bn NASDAQThe road that Mode Trans- chain conundrum has exacer- Livingston International TX Houston103,082$315.6 m Privateportation took to becoming abated the pandemics impacts. 3PL shows on one hand howTaken collectively, theseMallory Alexander Intl. Logistics TN Memphis9,620 Privateconvolutedtheprocesstoeventshavetestedtheresil- MODE Transportation TX Dallas Privateevolvingintoa3PLmaybeienceofthe3PLbusinessNFI NJ Camden$2.6 bn Privatebut equally how the need formodelamodellargely freightmanagementsystemsbuilttoimproveROIsandNippon Express USA Inc NY New York15,796$19.9 bn TKY9062haspushedthedevelopmentefficiencies,wheresystemOdyssey Logistics & Technology CT Danbury$1.02 bn Privateofthesector.Backin1999,redundancyisequatedtoOEC NY Rosedale PrivateOcean Group acquired Markinefficiency.Old Dominon Freight Line NC Thomasville$4.11 bn NASDAQVII Transportation and a yearNonetheless,the 3PLs have later merged with Excel PLC,generallyheldwellthroughPenske LogisticsMI Bloomfield Town$8.4 bn NYSE-PAGrenamingthecompanyExelthisperiod.ChristianWeber,Rogers & Brown Custom Brokers SC Charleston25,579 PrivateTransportationServices.Inteam leader Corporate PublicRyder Logistics FL Miami$8.39 bn NYSE-R2011Exelbecameaninde- RelationsforDascher,in pendentlyoperatingsubsid- anemailedresponsetotheSchneider Logistics WI Green Bay38,774$5 bn NYSE-NSDRiaryoftheHubGroup,anAJOT,wrote,Allinall,SEKO Logistics IL Itasca$750 mn PrivateIMC operating under the newDachsersbusinessmodelSTG Logistics Inc. IL Downers Grove PrivatenameModeTransportation.proved to be extremely robust Modein2018wasacquiredandadaptableduringtheTotal Quality Logistics OH Cincinnati$4.18 bn PrivatebyYork Capital ManagementCOVID-19pandemic.OurU.S. Xpress FL North Beach Miami$1.7 bn NYSE-USXfornearly$240million.InEuropeanLogisticsbusinessUPS Inc GA Atlanta836,595$74.09 bn UPS-NASDAQ2018 Mode merged with Sun- line remained stable through- XPO Logistics CT Greenwich$16.39 bn NYSE-XPOteckTTS operating under theouttheyear,althoughbeing Mode brand name. The inter- impactedbythestrictlock- Yusen Logistics Americas NY Secaucus111,693$5.08 bn Subsidiaryesting feature of the journey isdownsinsomeEuropean*Damco is a Maersk subsidiaryhow at each step the companycountriesinAprilandMay*Vandegrift Logistics Cois a Maersk Subsidiaryaddedmoreservicestoits2020. After that we have seen portfolio and emerged as a $2a solid recovery with healthy* California Cartage - NFI subsidiarybillion plus 3PL. Interestingly,growth rates that lasted untilCoyote Logistics is a UPS subsidiary Hub itself has done much thetheendoftheyear.WeberSources: Import TEUs Datamyne; other information public records.same, going from a prominentaddedthatTheDachser IMC into a 3PL.Food Logistics business line,agility. 3PLs by their natureradical solution but as Onnooceanandairproductsthat Modes journey to becom- on the other hand, was subjectareagilebusinessorganiza- Boots,GEODISregionalfulfil this aim for shippers on ing a 3PL might have had ato greater fluctuations due totions.Forinstance,inlatepresident andCEOfor AsiatheincreasinglyvolatileFar fewmoretwiststhanmostthe lockdowns in the catering,FebruaryGeodischarteredPacific said of the situation,EastWestBound(FEWB) butmergerandacquisitionhotel, and events sectors butforexclusiveoperationaThesemarketforceshavetrade lane.are a major feature in the pro- wasabletoexpanditsbusi- 1,000TEUvesseltoshiftcreated variable and unfore- And of course, in the end cessformany3PLs.Exam- ness in other areas. 435forty-footboxesfromseenspikesindemandforthe real goal for a 3PL, the one plesaboundof3PLsaddingOverall,theDascherShanghaitoHamburgasaAsian goods. AddingAsforwhichallthetechnology merger strategic assets to theirexperiencewasprettysimi- work-aroundtotheprob- anadaptableandinnovativeis committed, is to be able to mix.Backin2019,Burrislartothe3PLsectorwhichlemofcustomersfindingserviceprovider,GEODISadapt to the times, to the ship-LogisticsacquiredTrinityhas been able to ride out thespaceonregularlysched- ispermanentlylookingforpersneedsevenwhenit Logisticsinthemergerofpandemics adversity throughuled ocean carriers. It was aalternativesincludingrail,means chartering a ship.'