[Ranking] TOP 25 Shipping / Logistics Companies Q3/2023
Intro
The shipping industry is a critical component of the global logistics sector, playing a vital role in the worldwide economy. It is responsible for the transportation of goods and products across countries and continents, facilitating international trade and commerce.
With its profound influence, the shipping industry creates ripple effects that extend beyond its own realm. It impacts diverse sectors such as manufacturing, retail, and agriculture, enabling businesses to reach global markets and consumers to access a wide range of products.
The economic magnitude of the shipping industry is staggering. According to recent reports, it is estimated to be worth trillions of dollars, and its upward trajectory shows no signs of slowing down. As global trade continues to expand and e-commerce gains momentum, the demand for shipping services is expected to surge even further.
In recent years, the shipping industry has witnessed significant trends, breakthroughs, and obstacles. The rise of containerization revolutionized the way goods are transported, increasing efficiency and reducing costs. However, environmental concerns and regulatory challenges have also emerged, prompting the industry to explore sustainable practices and alternative fuels.
The landscape of the shipping industry is constantly evolving, driven by technological advancements, geopolitical shifts, and changing consumer preferences. These dynamic factors set the context for the exploration of the top companies in the shipping sub-industry, as they navigate the challenges and opportunities presented by this ever-changing environment.
Ranking
#25 Echo Global Logistics, Inc.
Employees: 3.2K
Revenue: 1.8B$
Website: https://www.echo.com
Description: Echo Global Logistics, Inc. is a leading logistics company in the shipping industry. Headquartered in Chicago, United States, it operates in North America. Founded in 2005, Echo Global Logistics has grown to become a major player in the industry with a workforce of approximately 3,200 employees. The company offers a wide range of logistics services including transportation management, supply chain optimization, and freight brokerage. With annual revenues of 1.8 billion dollars, Echo Global Logistics has established itself as a reliable and efficient partner for businesses looking to streamline their shipping operations.
#24 Kintetsu World Express, Inc.
Employees: 10K
Revenue: 2.5B$
Website: https://www.kwe.com
Description: Kintetsu World Express, Inc. is a leading logistics company operating in the shipping industry. Headquartered in Tokyo, Japan, the company has a strong presence in Asia and worldwide. With a history dating back to 1948, Kintetsu World Express has established itself as a trusted and reliable partner in the logistics sector. The company offers a comprehensive range of shipping services, including air freight, ocean freight, and land transportation. With a team of approximately 10,000 employees, Kintetsu World Express delivers efficient and cost-effective solutions to meet the logistics needs of its clients. The company has achieved a revenue of 2.5 billion dollars, solidifying its position as a key player in the shipping industry.
#23 ArcBest Corporation
Employees: 13K
Revenue: 3.2B$
Website: https://arcb.com
Description: ArcBest Corporation is a leading logistics company operating in the shipping industry. Headquartered in Fort Smith, Arkansas, United States, ArcBest provides a wide range of transportation and logistics solutions to businesses across North America. With a history dating back to 1923, ArcBest has established itself as a trusted partner for companies in various industries, offering services such as freight transportation, supply chain optimization, and logistics management. The company employs approximately 13,000 professionals who are dedicated to delivering efficient and reliable shipping solutions. With annual revenues of 3.2 billion dollars, ArcBest continues to expand its footprint in the logistics industry, leveraging its expertise and technological capabilities to meet the evolving needs of its customers.
#22 Expeditors International Of Washington, Inc.
Employees: 17K
Revenue: 3.5B$
Website: https://www.expeditors.com
Description: Expeditors International Of Washington, Inc. is a leading logistics company operating in the shipping industry. With its headquarters located in Seattle, United States, the company has established itself as a key player in North America. Since its founding in 1979, Expeditors International has grown to employ approximately 17,000 individuals worldwide. The company specializes in providing comprehensive logistics solutions, including freight forwarding, customs brokerage, and supply chain management. Expeditors International has achieved significant success in the shipping industry, generating an impressive revenue of 3.5 billion US dollars. With a strong commitment to customer satisfaction and global expertise, the company continues to make a significant impact in the logistics sector.
#21 Expeditors International Of Washington, Inc.
Employees: 17K
Revenue: 3.7B$
Website: https://www.expeditors.com
Description: Expeditors International Of Washington, Inc. is a logistics company based in Seattle, United States. With its headquarters in North America, the company operates in the shipping industry. Expeditors specializes in providing global logistics services, including freight forwarding, customs brokerage, and supply chain management. The company was founded in 1979 and currently employs approximately 17,000 individuals worldwide. Expeditors generates annual revenue of around 3.7 billion US dollars. With a strong presence in the logistics sector, Expeditors plays a crucial role in facilitating the movement of goods across borders, helping businesses optimize their supply chains and deliver products efficiently to their customers.
#20 Old Dominion Freight Line, Inc.
Employees: 24K
Revenue: 4.1B$
Website: https://www.odfl.com
Description: Old Dominion Freight Line, Inc. is a leading logistics company specializing in shipping services. Headquartered in Thomasville, United States, the company has been in operation since 1934. With a workforce of approximately 24,000 employees, Old Dominion Freight Line provides reliable and efficient transportation solutions in the shipping industry. The company's services include less-than-truckload (LTL) transportation, global supply chain services, and logistics solutions. Old Dominion Freight Line has established itself as a trusted partner for businesses across North America, offering a comprehensive range of shipping options and a commitment to exceptional customer service. With annual revenue reaching 4.1 billion dollars, the company continues to expand its operations and maintain its position as a leader in the logistics industry.
#19 YRC Worldwide Inc.
Employees: 30K
Revenue: 5B$
Website: https://www.yrc.com
Description: YRC Worldwide Inc. is a leading logistics company operating in the shipping industry. Headquartered in Overland Park, United States, the company has a rich history dating back to its founding in 1924. With a workforce of approximately 30,000 employees, YRC Worldwide provides comprehensive transportation and logistics solutions to customers across North America. The company's expertise lies in freight transportation, supply chain management, and global logistics services. YRC Worldwide operates a vast network of terminals and employs advanced technology to ensure efficient and reliable delivery of goods. With annual revenues of around 5 billion dollars, the company is a key player in the shipping industry, offering innovative solutions to meet the evolving needs of its customers.
#18 Ceva Logistics
Employees: 56K
Revenue: 7.3B$
Website: https://www.cevalogistics.com
Description: Ceva Logistics is a global logistics company based in Baar, Switzerland. With a strong presence in the shipping industry, Ceva Logistics offers a wide range of services including freight management, contract logistics, and transportation. The company operates in Europe and other parts of the world, providing innovative solutions to meet the evolving needs of its customers. Ceva Logistics has a workforce of approximately 56,000 employees and generates an annual revenue of 7.3 billion dollars. With its extensive network and expertise, Ceva Logistics is a key player in the shipping industry, helping businesses streamline their supply chain operations and achieve operational excellence.
#17 Sinotrans Limited
Employees: 48K
Revenue: 8.3B$
Website: https://www.sinotrans.com
Description: Sinotrans Limited, headquartered in Beijing, China, is a leading logistics company operating in the shipping industry. With a history dating back to 1950, Sinotrans has established itself as a key player in the global logistics market. The company employs approximately 48,000 professionals worldwide, who work diligently to provide comprehensive shipping solutions to a diverse range of clients. Sinotrans offers a wide range of services including freight forwarding, warehousing, customs clearance, and transportation management. The company's commitment to innovation and customer satisfaction has enabled it to achieve substantial revenue growth, with annual revenues reaching 8.3 billion dollars. Sinotrans' extensive network and expertise make it a trusted partner for businesses seeking efficient and reliable logistics solutions.
#16 Panalpina World Transport Ltd.
Employees: 15K
Revenue: 9.2B$
Website: https://www.panalpina.com
Description: Panalpina World Transport Ltd. is a leading provider of logistics and supply chain solutions in the shipping industry. Headquartered in Basel, Switzerland, the company operates globally, with a strong presence in Europe. With a history dating back to 1935, Panalpina has established itself as a trusted partner for businesses in need of reliable transportation and freight forwarding services. The company has a workforce of approximately 15,000 employees who are dedicated to delivering innovative and efficient solutions to meet the evolving needs of their customers. Panalpina generates an annual revenue of 9.2 billion dollars, positioning itself as a major player in the logistics industry.
#15 J.B. Hunt Transport Services, Inc.
Employees: 29K
Revenue: 9.2B$
Website: https://www.jbhunt.com
Description: J.B. Hunt Transport Services, Inc. is a leading transportation and logistics company headquartered in Lowell, United States. With a rich history dating back to 1961, the company has established itself as a prominent player in the shipping industry. J.B. Hunt operates a vast network of trucks, trailers, and intermodal containers, providing comprehensive transportation solutions to customers across North America. The company's fleet is complemented by advanced technology and innovative supply chain management systems, enabling efficient and reliable delivery of goods. With a workforce of approximately 29,000 employees, J.B. Hunt continues to expand its presence and strengthen its position as a key player in the logistics industry. With annual revenues reaching 9.2 billion dollars, J.B. Hunt is committed to delivering exceptional service and driving innovation in the shipping sector.
#14 XPO Logistics, Inc.
Employees: 100K
Revenue: 10B$
Website: https://www.xpo.com
Description: XPO Logistics, Inc. is a leading provider of transportation and logistics services in the shipping industry. Headquartered in Greenwich, CT, United States, XPO operates primarily in North America. The company was founded in 1989 and has grown to employ approximately 100,000 individuals worldwide. XPO offers a wide range of logistics solutions, including freight brokerage, last mile delivery, expedited transportation, and supply chain management. With annual revenue of 10 billion dollars, XPO is a key player in the industry, providing innovative and efficient shipping solutions to its customers.
#13 Nippon Yusen Kabushiki Kaisha
Employees: 55K
Revenue: 15B$
Website: https://www.nyk.com
Description: Nippon Yusen Kabushiki Kaisha (NYK) is a leading shipping company based in Tokyo, Japan. With a history dating back to 1885, NYK has established itself as a key player in the logistics industry. The company operates a vast fleet of vessels, providing a range of shipping services including container shipping, bulk shipping, and car transportation. NYK's global network allows it to serve customers worldwide, facilitating the efficient movement of goods across continents. With a workforce of approximately 55,000 employees, NYK continues to innovate and adapt to the evolving needs of the shipping industry. The company's dedication to quality and customer satisfaction has contributed to its success and position as a prominent player in the shipping industry.
#12 ZTO Express (Cayman) Inc.
Employees: 132K
Revenue: 15.6B$
Website: https://www.zto.com
Description: ZTO Express (Cayman) Inc. is a leading company in the logistics industry, specializing in shipping services. Headquartered in Shanghai, China, ZTO Express operates primarily in Asia. Founded in 2002, the company has grown significantly over the years and currently employs approximately 132,000 individuals. With an annual revenue of 15.6 billion U.S. dollars, ZTO Express has established itself as a major player in the shipping sector. The company provides efficient and reliable shipping solutions to meet the demands of its customers, offering a wide range of logistics services. Through its extensive network and advanced technology, ZTO Express ensures timely delivery and exceptional customer service.
#11 C.H. Robinson Worldwide, Inc.
Employees: 15.7K
Revenue: 16.6B$
Website: https://www.chrobinson.com
Description: C.H. Robinson Worldwide, Inc. is a leading logistics company operating in the shipping industry. Based in Eden Prairie, United States, the company has a rich history, being founded in 1905. With a workforce of approximately 15,700 employees, C.H. Robinson provides a wide range of logistics services, including transportation, warehousing, and supply chain management. The company leverages its extensive network and advanced technology to offer innovative solutions to its customers. C.H. Robinson generates significant revenue, with an annual revenue of around 16.6 billion dollars. With its strong presence and expertise in the shipping industry, C.H. Robinson plays a vital role in facilitating global trade and ensuring efficient supply chain operations.
#10 Schenker AG
Employees: 77K
Revenue: 17.8B$
Website: https://www.schenker.com
Description: Schenker AG, headquartered in Essen, Germany, is a prominent player in the shipping industry within the logistics sector. With a rich history dating back to 1872, the company has established itself as a leading provider of innovative and efficient logistics solutions. Schenker AG boasts a workforce of approximately 77,000 employees, who are dedicated to delivering exceptional services to their clients. The company's revenue stands at an impressive 17.8 billion dollars, reflecting its strong market presence and successful operations. Schenker AG's commitment to excellence and customer satisfaction has made it a trusted partner for businesses globally, providing them with reliable and tailored shipping solutions to meet their specific needs.
#9 Kuehne + Nagel International AG
Employees: 82K
Revenue: 25.6B$
Website: https://home.kuehne-nagel.com/
Description: Kuehne + Nagel International AG, headquartered in Schindellegi, Switzerland, is a leading company in the logistics industry, specifically specializing in shipping. Founded in 1890, the company has established itself as a global player with a vast network of operations and a strong reputation for excellence. With over 82,000 employees, Kuehne + Nagel offers a wide range of logistics services, including transportation, warehousing, and supply chain management. The company's dedication to innovation and customer satisfaction has allowed it to achieve remarkable success, generating a revenue of 25.6 billion dollars. Kuehne + Nagel continues to be a key player in the shipping industry, providing efficient and reliable solutions to its clients worldwide.
#8 CMA CGM SA
Employees: 29K
Revenue: 30B$
Website: https://www.cma-cgm.com/
Description: CMA CGM SA, headquartered in Marseille, France, is a leading global shipping company operating in the logistics industry. Founded in 1978, the company has grown to become one of the largest container shipping companies in the world. With a workforce of approximately 29,000 employees, CMA CGM offers a comprehensive range of services including container transportation, logistics, and supply chain management. The company's revenue amounts to an impressive 30 billion US dollars, making it a key player in the shipping industry. CMA CGM's commitment to innovation, sustainability, and customer satisfaction has positioned it as a trusted partner for businesses worldwide.
#7 AP Moller-Maersk Group
Employees: 80K
Revenue: 39B$
Website: https://www.maersk.com
Description: The AP Moller-Maersk Group, headquartered in Copenhagen, Denmark, is a leading player in the shipping industry. With a history dating back to 1904, the company has established itself as a global leader in logistics and container shipping services. Maersk operates a vast fleet of container ships, providing reliable and efficient transportation solutions for businesses worldwide. The company's extensive network covers key trade routes, connecting major ports across the globe. With a workforce of approximately 80,000 employees, Maersk continues to innovate and adapt to the evolving needs of the global shipping industry. In recent years, the company has focused on sustainability and digitalization, aiming to reduce its environmental impact and enhance operational efficiency.
#6 Maersk A/S
Employees: 80K
Revenue: 39.3B$
Website: https://www.maersk.com
Description: Maersk A/S is a global shipping company based in Copenhagen, Denmark. Founded in 1904, Maersk specializes in container logistics and operates one of the largest container shipping fleets in the world. With a workforce of approximately 80,000 employees, Maersk provides end-to-end supply chain solutions, including ocean transportation, port operations, and inland services. The company's extensive network covers over 130 countries and operates in various sectors, including retail, automotive, electronics, and more. Maersk is committed to sustainability and is actively working towards reducing its carbon footprint and improving the efficiency of its operations.
#5 DP DHL
Employees: 550K
Revenue: 63B$
Website: https://www.dpdhl.com
Description: DP DHL, the parent company of DHL, operates in the shipping industry within the logistics sector. Headquartered in Bonn, Germany, DP DHL is a global leader in providing international express mail services, freight transportation, and supply chain management solutions. With a workforce of approximately 550,000 employees, DP DHL offers a comprehensive range of logistics services, including air and ocean freight, road and rail transportation, contract logistics, and e-commerce solutions. The company, founded in 1969, generates an annual revenue of 63 billion US dollars, making it one of the largest logistics providers in the world.
#4 FedEx Corporation
Employees: 450K
Revenue: 69B$
Website: https://www.fedex.com
Description: FedEx Corporation, headquartered in Memphis, United States, is a leading logistics company operating in the shipping industry. Founded in 1971, FedEx has grown to become one of the largest global courier delivery services, providing a wide range of transportation, e-commerce, and business services. With a workforce of approximately 450,000 employees, FedEx operates a vast network of air and ground delivery systems, serving customers in over 220 countries and territories worldwide. The company's revenue amounted to 69 billion dollars, making it a major player in the logistics industry. FedEx is known for its reliable and efficient delivery services, offering a variety of shipping options and innovative solutions to meet the evolving needs of businesses and consumers.
#3 FedEx Supply Chain
Employees: 450K
Revenue: 69.7B$
Website: https://www.fedex.com/en-us/supply-chain.html
Description: FedEx Supply Chain, headquartered in Memphis, United States, is a leading player in the logistics industry. With a history dating back to 1971, the company has grown to employ approximately 450,000 people globally. Operating under the parent industry of logistics, FedEx Supply Chain specializes in shipping and offers a comprehensive range of supply chain management solutions. Their services include warehousing, transportation, e-commerce fulfillment, and reverse logistics. With a strong focus on technology and innovation, FedEx Supply Chain leverages advanced systems and processes to optimize supply chains and deliver superior customer experiences. With annual revenue of 69.7 billion dollars, FedEx Supply Chain is a key player in the shipping and logistics sector.
#2 United Parcel Service, Inc.
Employees: 540K
Revenue: 74B$
Website: https://www.ups.com
Description: United Parcel Service, Inc. (UPS) is a global logistics company headquartered in Atlanta, United States. Founded in 1907, UPS operates in the shipping industry and is one of the largest package delivery and supply chain management companies in the world. With a workforce of approximately 540,000 employees, UPS provides a wide range of services including transportation, logistics, and e-commerce solutions. The company offers domestic and international shipping services, freight forwarding, customs brokerage, and warehousing services. UPS operates a vast network of delivery vehicles, aircraft, and distribution centers to ensure efficient and timely delivery of packages and freight. With annual revenue of 74 billion dollars, UPS continues to be a leader in the logistics industry, providing innovative solutions to meet the evolving needs of businesses and consumers worldwide.
#1 Deutsche Post AG
Employees: 550K
Revenue: 75B$
Website: https://www.dpdhl.com/
Description: Deutsche Post AG, headquartered in Bonn, Germany, is a leading logistics company operating in the shipping industry. With a workforce of approximately 550,000 employees, the company provides a wide range of logistics services including global shipping, express delivery, freight transportation, and supply chain solutions. Deutsche Post AG was founded in 1995 and has since grown to become one of the largest logistics companies in the world. The company generates a revenue of 75 billion US dollars annually, making it a key player in the global shipping industry. With its extensive network and innovative solutions, Deutsche Post AG plays a crucial role in connecting businesses and individuals around the world, facilitating efficient and reliable shipping services.
Summary
The sub-industry of Shipping within the Logistics sector has seen significant growth and development in recent years. The top companies in this sub-industry have demonstrated remarkable achievements and have secured their positions as industry leaders.
During the analysis, some unexpected findings emerged. One such finding is the increasing use of technology and automation in the shipping sector. Companies are leveraging advanced software and robotics to streamline operations and improve efficiency.
Among the premier companies in the shipping sub-industry are A.P. Moller-Maersk, Mediterranean Shipping Company (MSC), and CMA CGM Group. These companies have established a strong presence in global shipping and have consistently ranked among the top players in the industry.
One key element driving the prosperity of these leading firms is their extensive network of shipping routes and ports. These companies have built a vast infrastructure that allows them to serve a wide range of destinations worldwide, offering reliable and efficient shipping services.
What sets these eminent companies apart from their competitors is their commitment to sustainability and environmental responsibility. They have implemented various initiatives to reduce carbon emissions and promote eco-friendly practices in the shipping industry. Additionally, they have invested in research and development to explore alternative fuel sources and innovative technologies to further enhance their environmental performance.