Transportation and Logistics
The global logistics market reached a value of US$ 5.4 Trillion in 2023. As per the analysis by IMARC Group, the top players in logistics market are focusing on adopting advanced equipment, such as automated guided vehicles (AGVs), automated material handling equipment, and driverless vehicles, to expand their product portfolio and gain a competitive edge. They are also focusing on integrating the latest technologies, including artificial intelligence (AI) and machine learning (ML), global positioning systems (GPS), and biometrics with the logistic system for enhanced security and real-time product tracking. Additionally, rapid digitization is catalyzing the demand for the internet of things (IoT) and cloud-based logistics management solutions. These companies are also focusing on providing exceptional customer services, such as enhanced product visibility, faster delivery times, and personalized solutions to meet unique consumer requirements. The expansion of e-commerce is also offering lucrative growth opportunities to logistics companies for improving last-mile delivery, optimize warehouse operations, and enhance the customer experience. Furthermore, key market players are also using blockchain technologies to streamline supply chains for shipping companies and retailers. Looking forward, the market value is expected to reach US$ 7.9 Trillion by 2032, growing at a CAGR of 4.1% during the forecast period (2024-2032).
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The global logistics market has several major players including J.B. Hunt Transport Services, Inc., C.H. Robinson Worldwide, Inc., Ceva Logistics AG, FedEx Corp., United Parcel Service, Inc., Expeditors International of Washington Inc., XPO Inc., Kenco Fystems, Inc, Deutsche Post DHL Group, Americold Logistics, LLC and DSV A/S. More information about these companies has been provided below.
Establishment: |
1961 |
Headquarters: |
Arkansas, United States |
Website: |
https://www.jbhunt.com/ |
J.B. Hunt Transport Services, Inc. is a leading logistics company that offers a wide range of transportation and logistics services, including intermodal, truckload, dedicated contract services, brokerage, and logistics management, across the United States, Canada, and Mexico. The company also provides services, such as supply chain management, last-mile delivery, warehousing, and distribution. It focuses on technology and innovation, with investments in areas, such as AI, ML, and predictive analytics. It is currently focusing on sustainability and has set goals to reduce its carbon footprint by 40% by 2025.
Establishment: |
1905 |
Headquarters: |
Minnesota, United States |
Website: |
http://www.chrobinson.com/ |
C.H. Robinson Worldwide, Inc. is a third-party logistics (3PL) and supply chain management company that offers a wide range of logistics and transportation services, including truckload, less-than-truckload, intermodal, ocean, and air freight. It also provides freight transportation and logistics, outsourcing solutions, sourcing, and information services to customers through a network of offices in North America, Europe, South America, Asia, and Oceania. With 17,000 employees, the company integrates ML and other advanced technologies to optimize transportation routes and reduce costs for its customers. It is implementing various programs to reduce carbon emissions, promote sustainable transportation practices, and increase energy efficiency. The company has received recognition as one of the most admired companies in the world by Fortune magazine.
Establishment: |
1946 |
Headquarters: |
Marseille, France |
Website: |
https://www.cevalogistics.com/ |
CEVA Logistics AG is a global logistics company that provides a wide range of supply chain management services to businesses across the globe. It offers various services, including air freight, ocean freight, ground transportation, contract logistics, and customs brokerage. It also serves a variety of industries, such as automotive, healthcare, retail, and technology. With approximately 110,000 employees at more than 1,300 facilities, the company is recognized for its sustainability and winning awards, such as the EcoVadis gold rating and the dow jones sustainability index.
Establishment: |
1971 |
Headquarters: |
New York, US |
Website: |
www.broadridge.com |
FedEx Corporation is one of the largest global courier and logistics companies in the world with active operations in more than 220 countries and territories. It offers a wide range of courier and logistics services, including express shipping, ground shipping, freight shipping, and e-commerce solutions. It operates a large fleet of aircraft, vehicles, and distribution centers, and it also provides printing, copying, and document services through its office division.
Establishment: |
1907 |
Headquarters: |
Georgia, United States |
Website: |
www.ups.com/ |
United Parcel Service, Inc. is a global package delivery and supply chain management company that operates in over 220 countries and territories worldwide. It provides a range of services, including package and document delivery, transportation and logistics, and supply chain management. It focuses on sustainability and sets ambitious goals to reduce its carbon footprint and increase its use of renewable energy. Presently, it is recognized as one of the most innovative companies on account of its commitment to innovation-driven progress.
Establishment: |
1979 |
Headquarters: |
Washington, United States |
Website: |
https://www.expeditors.com/ |
Expeditors International of Washington Inc. offers a range of services, including air and ocean freight forwarding, customs brokerage, warehousing and distribution, and supply chain consulting. It operates in more than 100 countries worldwide and has a global network of over 18,000 employees. It serves a wide range of industries, including automotive, consumer goods, energy, healthcare, retail, and technology.
Establishment: |
1911 |
Headquarters: |
New York, United States |
Website: |
https://www.xpo.com/ |
XPO, Inc is a third-party transportation logistics company listed on the New York Stock Exchange (NYSE) under the ticker symbol XPO. At present, it is one of the largest logistics companies in the world that operates in more than 30 countries with a network of over 1,500 locations and more than 100,000 employees. It provides a range of premium services, including time-date critical, customized customer solutions, rapid remote services, and exclusive use services across the globe.
Establishment: |
1950 |
Headquarters: |
United States |
Website: |
https://www.kencogroup.com/ |
Kenco Group is a third-party logistics service provider that supports companies in providing best-in-class technologies, solutions and talent. The company’s portfolio comprises MHE Fleet Services, Comprehensive Transportation Management, Distribution and eCommerce Fulfillment, and innovative, data-driven Supply Chain Solutions.
Establishment: |
1995 |
Headquarters: |
Bonn, Germany |
Website: |
https://www.dpdhl.com/ |
Deutsche Post DHL Group is a multinational logistics and courier company operating in more than 220 countries and territories worldwide. It provides a wide range of services, including international express shipping, freight transportation, supply chain management, e-commerce logistics, and postal services. It is known for offering time-definite delivery of documents and packages through air and ocean freight transportation. It also offers contract logistics services and supply chain management solutions.
Establishment: |
1903 |
Headquarters: |
Georgia, United States |
Website: |
https://www.americold.com/ |
Americold Logistics, LLC is a global leader in temperature-controlled warehousing and logistics. It operates a network of over 180 temperature-controlled warehouses and serves customers in food and beverage (F&B), healthcare, e-commerce, and other industries. It is equipped with state-of-the-art technology designed to maintain precise humidity and temperature control for a wide range of products, from frozen foods to pharmaceuticals. Moreover, it provides a wide range of services, including inventory management and supply chain consulting.
Establishment: |
1976 |
Headquarters: |
Denmark |
Website: |
https://www.dsv.com/ |
DSV Air & Sea Inc. is a Danish multinational transport and logistics company that offers a wide range of services, including air, sea, and road freight transportation, warehousing and distribution, project logistics, and customs clearance. It serves customers in numerous industries, including automotive, healthcare, retail, and technology. At present, it is listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) stock exchange under the ticker symbol DSV.
About Author:
Aditi Kumar Senior Content Writer at IMARC Services Private Limited Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels. |
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