The company demonstrates its success thanks to its impressive logistics network and fulfillment of its orders.
The annual report of the Global Top 50 of the freight transportation industry has been announced by SJ Consulting Group Inc. This year the first six positions have taken a turn, since Amazon is the company that is placed as number one on the list.
The 2023 edition of this report offers a fresh view of the main actors involved in the movement of goods and the management of goods in all modes of transport, ranging from truck, rail, sea and air, to parcels, as well as such as third-party logistics providers. Companies in the Top 50 are ranked based on their annual revenue generated in 2022 through freight and logistics operations.
The decision to include online companies such as Amazon in the analysis demonstrates the significant impact that e-commerce has had on the freight transportation industry in recent years. Throughout its history, Amazon has built a third-party logistics operation of monumental proportions, which not only powers its own e-commerce network, but also supports companies that are not directly linked to Amazon.com.
What is the ranking of logistics companies
The companies that managed to position themselves in the top 6 in the sector are the following:
- Amazon managed to position itself at the top of the ranking with a total revenue from merchandise transportation of $117,716 million in 2022.
- UPS Inc., with a total of $100,338 million.
- FedEx Corp., with $90,155 million.
- DHL Group with a total of $87,036 million.
Within the list published by SJ Consulting Group Inc., there are also other leading North American freight transportation companies, such as C.H. Robinson, Expeditors International and J.B. Hunt Transport Services.
Additionally, this year’s list includes 14 companies that are primarily third-party logistics providers, along with some ocean carriers, parcel delivery companies, rail freight suppliers and trucking companies.
Port strike sparks concerns about insurance
This work stoppage impacts a broad ecosystem of companies related to trade and marine insurance. The International Longshoremen’s Association (ILA) began a strike on October
The world of semi-trailers: types and their uses
There are several types of semi-trailers, each designed for a specific purpose, and their appearance varies considerably. The world of trucks can seem imposing to
U.S. voters to decide the future of transportation on November 5
U.S. citizens will have the opportunity to determine the future of local transportation. Elections in the United States are rapidly approaching. On November 5, citizens
The rise of insurtech: ally or competitor?
Insurtech relies on tools like data analytics, artificial intelligence, and telematics to improve insurance processes. In recent years, insurers have begun to use data from
Return to congestion: the U.S. faces increasing traffic issues
A recent StreetLight Data report reveals that traffic congestion has worsened in nearly every metropolitan area in the country. During the COVID-19 pandemic, vehicle traffic
Rising fraud in the transportation sector: insights from the TIA 2024 report
The report notes that all types of fraud in the industry are on the rise. A recent report from the Transportation Intermediaries Association (TIA) reveals