Which transportation companies succeed in the logistics services market?
Quickly and promptly – that should be the motto of any self-respecting logistics company. Indeed, what can be more important than speed or accuracy for a transportation and logistics services provider?
Today PaySpace Magazine would like to talk about the largest and most successful logistics companies in the world.
1. XPO Logistics Inc.
XPO Logistics is considered to be company #1 when it comes to logistics and transportation services. This firm operates as a 3PL (Third-Party logistics) or third-party provider in thirty-two countries, while the number of clients has surpassed the 50,000 mark. What’s more, the company spends no less than $450M yearly on tech investments in order to keep giving impetus to the field forward.
Three interesting facts about XPO Logistics:
- As of the first half of 2019, there are more than 100,000 employees working for XPO Logistics
- The company continues to invest in robotics and automation, customer service and visibility. The major aim is to improve the digital freight marketplace and the area of data science
- In both 2018 and 2019, XPO Logistics was ranked as the logistics company #1 by net revenue
2. UPS Supply Chain Solutions
UPS Supply Chain Solutions (UPS SCS) is a part of the UPS (United Parcel Service) parcel delivery and supply chain management company. UPS used to deliver more than 16.9M shipments to more than 9.4M receivers on a daily basis. UPS SCS is in charge of supply chain management. As of today, UPS has no less than 481,000 employees.
Three interesting facts about UPS Supply Chain Solutions:
- In 2018 and 2019 the company was ranked #2 logistics firm by net revenue
- UPS was founded in Seattle, Washington (U.S.) in August 1907
- As of 2018, the company declared total assets of around $50B
3. DHL Supply Chain
DHL (Dalsey, Hillblom, and Lynn) is one of the most famous logistics companies worldwide. It was founded in San Francisco, CA (U.S.) as a parcel, courier, and express mail delivery firm. Now, it is a part of Deutsche Post DHL German Logistics company. DHL Supply Chain specializes in handling the processes of cataloging and shipping goods of their clients (mostly large companies) worldwide.
Three interesting facts about DHL Supply Chain:
- DHL Supply Chain is a division of Deutsche Post AG, and has 200,000 employees
- In 2017, the company’s annual revenue was around $68.3B
- Bayer Healthcare, Chrysler, Coty, Diageo, Campbell’s Soup, Rodan + Fields, Lego, and Nike are key customers of DHL Supply Chain
4. J.B. Hunt Transport Services
J.B. Hunt Transportation Services is a transportation and trucking services firm, and it is one of the largest logistics companies in the U.S. This company is a real expert when it comes to Dedicated Contract Services (DCS), Intermodal (JBI), and Integrated Capacity Solutions (ICS) segments.
Three interesting facts about J.B. Hunt Transport Services:
- J.B. Hunt Transportation Services was founded in 1961 by Johnnie Bryan Hunt
- In 2017, the company’s annual revenue was around $7.2B
- As of 2017, the company had more than 24,700 employees
5. C.H. Robinson Worldwide
This company operates as a 3PL (Third-Party logistics) and transportation services provider since 1905. As of 2017, the company had more than 300 branches and no less than 15,100 employees. This firm is considered to be an expert in Air and ocean freight forwarding and dedicated contract carriage. In 2014, C.H. Robinson managed to handle 14.3M shipments to 46,000 clients.
Three interesting facts about C.H. Robinson Worldwide:
- In 2017, the company’s annual revenue was around $14.87B
- In 1997, the firm renamed itself C.H. Robinson Worldwide, Inc., and went public. Thus, that IPO helped them to raise more than $190M
- Microsoft, Walmart, Lowe’s, HSNi, Sunny Delight, Evergreen Packaging, Tesco, Coca-Cola, Ocean Spray, and Newell Brands are the key customers of C.H. Robinson Worldwide
6. Ryder Supply Chain Solutions
Ryder Supply Chain Solutions is a part of Ryder System, Inc., which is a large American supply chain management and transportation provider. As of 2017, Ryder’s revenue was estimated $7.3B, while supply chain segment is in charge for 26% of the revenue (about $1.6B). Moreover, the firm has more than 50,000 clients.
Three interesting facts about Ryder Supply Chain Solutions:
- Named by Forbes as one of America’s best employers in 2018 for the fourth year in a row
- The company is considered to be one of the most tech-advanced, since they use drones, autonomous vehicles, and many other modern technologies in their smart warehouses
- Ryder’s management has divided the company into three segments: Supply Chain Solutions, Dedicated Contract Carriage, and Fleet Management Solutions
7. Expeditors International of Washington
Expeditors International is an U.S.-based freight-forwarding and logistics company. The firm is well-known for its unique compensation structure, which is quite unusual for other players of the market. Basically, each of the firm’s branches are independent profit centers and the primary compensation for the branch management group comes in the form of incentive-based compensation calculated directly from the operating income of that branch.
Three interesting facts about Expeditors International of Washington:
- In 2018, the gross revenue of the company exceeded $8.1B
- In 2019, the company was ranked #5 logistics firm by the net revenue (#7 in 2019)
- Expeditors International has more than 17,000 employees
8. Penske Logistics
Penske Logistics specializes in providing large firms with modern and competent supply logistics solutions. The firm works with the largest companies, and can offer versatile service packages, from warehouse management to transportation services.
Three interesting facts about Penske Logistics:
- Penske is one of the few logistics services providers to look into using blockchain technology in order to manage logistics data
- In 2019, the company was ranked #8 logistics firm by net revenue
- BMW, Daiman, Sony, General Motors, Kroger, Whirlpool, Toyota Motor Co., Ford Motor Co., Schnucks, Novelis, Delphi, and Adient are key customers of Penske Logistics
9. Lineage Logistics
Lineage Logistics is a relatively young yet already successful company, which has proven to be a reliable logistics and transportation services provider. They’re constantly expanding to make sure they’re in a position to provide logistics support to any company in need.
Three interesting facts about Lineage Logistics:
- Lineage Logistics was founded in 2012. However, in 2019, the company was ranked #9 logistics firm by net revenue, which is quite impressive (taking into account its age, compared to their nearest competitors)
- As of 2018, the company had more than 7,200 employees
- In 2018, Lineage’s management reported that they began developing their first fully automated warehouse
10. FedEx Logistics
FedEx is a famous American courier delivery services firm, which is known for providing 3PL solutions for companies of all sizes. This company has always been on the list of top 20 logistics companies worldwide for the last 10 years. FedEx is able to deliver 3.5M items daily to no less than 220 countries with the help of 57,000 vehicles and 640 aircraft.
Three interesting facts about FedEx Logistics:
- As of 2018, no less than 425,000 people were registered as FedEx workers
- In 2018, the company reported total assets of $52.3B
- In 2018, the company was ranked #8 logistics firm by the net revenue. However, in 2019, FedEx lost a step and was ranked #11