Rayonier AM joins Fortune 1000 list of America's largest companies

Posted by Carlos Renteria on

Rayonier AM joins Fortune 1000 list of America's largest companies

The usual suspects from Jacksonville made this year's Fortune 500 list of America's largest companies, but one new contender edged its way into the Fortune 1000 list.

CSX Corp., Fidelity National Information Services Inc. and Fidelity National Financial Inc. once again made the Fortune 500 and Landstar System Inc. continued in the Fortune 1000.

However, Rayonier Advanced Materials Inc. entered the Fortune 1000 list this year after more than doubling its size with its late 2017 acquisition of competitor Tembec Inc.

The current Fortune magazine lists are based on 2018 revenue and after the Tembec deal, Rayonier AM's revenue reached $2.134 billion last year, placing it 951st in the newly released Fortune 1000.

Meanwhile, CSX ranked 260th in the Fortune 500 with $12.25 billion in revenue, Fidelity National Information Services, or FIS, ranked 361st with $8.423 billion and Fidelity National Financial Inc. ranked 402nd with $7.594 billion.

Landstar ranked 564th in the Fortune 1000 with $4.619 billion, moving up from 638th last year and getting closer to the more iconic Fortune 500.

The 500th company on this year's list, Levi Strauss & Co., had $5.575 billion.

Jacksonville has another company that could be large enough for the list: Southeastern Grocers LLC, operator of Winn-Dixie and three other supermarket chains.

However, Fortune includes only publicly traded companies and other companies that file official financial reports with a regulatory agency on its lists.

As a private company, Southeastern Grocers doesn’t file public financial reports.


By: Mark Basch
From: Jaxdailyrecord

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