Transport Topics released its annual Top 100 list of the largest logistics companies in North America based on full-year gross revenue. Ascent Global Logistics (“Ascent”) has been recognized as ranking 38th among all third-party logistics providers competing in this market. The list features the industry’s top freight brokerage firms, air and ocean freight forwarders, dry storage and refrigerated warehouse operators and dedicated contract carriers. Additionally, the company was ranked 15th on the Transport Topics 2024 Top Freight Brokerage Firms list.

“Soft freight market conditions have been placing financial strain on third-party logistics providers for the past couple years with an oversupply of truck capacity driving down rates and squeezing brokers’ margins,” said Seth Clevenger, managing editor of features and multimedia at Transport Topics. “Despite this challenging business environment, the industry’s top 3PLs have continued to drive improvements in supply chain efficiency for their shipper customers.”

“While our rankings have adjusted to 38 in the Top 100 Logistics Companies and 15 in the Top Freight Brokerage Firms this year, Ascent remains steadfast in our commitment to excellence and innovation in logistics,” stated Paul J. Martins, CEO of Ascent Global Logistics. “In a year marked by significant shifts in the logistics industry, our strategic decisions have positioned us for robust growth and sustained success. Our longstanding presence and strategic expansion in Mexico have allowed us to effectively engage with nearshoring opportunities, keeping us aligned with the evolving market dynamics. We are proud of how our team, bolstered by our proprietary technology, continues to deliver premium time-critical global logistics solutions for our customers.”

To learn who made the list and read more about the issues facing logistics companies, visit Transport Topics at https://www.ttnews.com/logistics/rankings/2024.