"Global Top 50 Companies In Logistics and Transport 2024”Released ---New Multidimensional Evaluation System Leads Industry Trend

Published on: 2024-07-15 17:33
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Driven by the dual forces of global economic integration and digital transformation, the logistics industry, as the lifeblood of international trade, is undergoing unprecedented changes and leaps. On 16th June, 2024, the Chartered Institute of Logistics and Transport International, China Communications and Transportation Association and the UNIDO ITPO Beijing jointly released the "Global Top 50 Companies in Logistics and Transport", providing authoritative and comprehensive enterprise evaluations and in-depth industry insights for the global logistics industry and beyond.

This list innovatively adopts a multidimensional, professional, and transparent evaluation system, focusing not only on the scale of enterprise revenue and profitability but also including Environmental, Social, and Governance (ESG) performance in the scope of consideration. The quantitative evaluation used the z-score method.After data standardization, the top 60 list was obtained according to the formula Ƒ(x)= [operating revenue ×0.7+ market value ×0.2+ operating profit ×0.1] ×0.8+ [operating profit rate ×0.5+ return on shareholders' equity ×0.5] ×0.2. Subsequently, according to the United Nations Sustainable Development Goals (SDG) and ESG standards, combined with the latest financial annual report of the enterprise, the cross-border expert team was strictly reviewed and finally selected the most representative and influential "Global Top 50 Companies in Logistics and Transport".

In the global economic landscape, the logistics industry, as a key link connecting production and consumption, is becoming increasingly important. According to statistics, the global logistics market size has reached 8.96 trillion US dollars in 2023, and it is expected to double to 18.23 trillion US dollars by 2030. Behind this growth trend are the deepening of global trade, the rise of e-commerce, continuous technological progress, and the ongoing optimization of supply chain management.

 

The release of the "Global Top 50 Companies in Logistics and Transport" is not only a comprehensive evaluation of outstanding enterprises in the global logistics and transport industry, but also a profound insight and forward-looking into the future development of the industry. In the future,  the Chartered Institute of Logistics and Transport International, China Communications and Transportation Association and the UNIDO ITPO Beijing will continue to promote the ranking and evaluation work of "Global Top Companies in Logistics and Transport" ranking, continue to optimize the evaluation system, deeply explore and share the best practices of the global logistics industry, and contribute wisdom and strength to the sustainable development of the global logistics and transport industry.

 

TOP50 Ranking

Company name

Home Country

1

Deutsche Post AG

Germany

2

United Parcel Service Inc

USA

3

FedEx Corp

USA

4

AP Moeller-Maersk A/S

Denmark

5

Kuehne & Nagel International AG

Switzerland

6

DSV A/S

Denmark

7

Cosco Shipping Holdings Co Ltd

China

8

Xiamen Xiangyu Co Ltd

China

9

Union Pacific Corporation

USA

10

Hapag Lloyd AG

Germany

11

S.F. Holding Co.Ltd

China

12

Canadian National Railway Co

Canada

13

C.H. Robinson Worldwide

USA

14

CSX Corporation

USA

15

Nippon Yusen KK

Japan

16

Evergreen Marine Corp Taiwan

China Taiwan

17

JB Hunt Transport Services Inc

USA

18

Mitui O.S.K. Lines Ltd

Japan

19

Orient Overseas (Int'l) Ltd.

China

20

Norfolk Southern Corp

USA

21

HMM Co Ltd

Korea

22

Hyundai Glovis Co Ltd

Korea

23

Expeditors International of Washington Inc

USA

24

Canadian Pacific Kansas City Ltd

Canada

25

JD Logistics

China

26

Old Dominion Freight Line Inc

USA

27

Ryder System Inc

USA

28

Yang Ming Marine Transport Corp

China Taiwan

29

Nippon Express Holdings

Japan

30

ZIM Integrated Shipping Services

Israel

31

Schneider National Inc

USA

32

Sinotrans Ltd

China

33

Compania de Distribucion Integral Logista Holdings

Spain

34

Daqin Railway Co Ltd

China

35

Yamato Holdings Co.Ltd

Japan

36

Compagnie De I'odet SE

France

37

TFI International Inc

Canada

38

Kintetsu Group Holdings

Japan

39

Kawasaki Kisen Kaisha Ltd

Japan

40

CJ Logistics Corp

Korea

41

SG Holdings Co Ltd

Japan

42

NTG Nordic Transport Group AS (NEW)

Denmark

43

Wan Hai Lines Ltd

China Taiwan

44

International Distributions Services PLC

Britian

45

Kerry Logistics Network Ltd

China Hong Kong

46

Yunda Holding Co

China

47

GXO Logistics Inc

USA

48

Landstar System Inc

USA

49

PKP Cargo SA (NEW)

Poland

50

CMST Development Co Ltd

China

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