Top 20 Logistic companies by revenue in 2023

by Nicolae Buldumac
· 18/06/2024 14:47 · 5-7 min read
Top 20 Logistic companies by revenue in 2023

The logistics industry plays a critical role in ensuring the smooth flow of goods and services across the globe. In 2023, numerous logistics companies stood out for their exceptional performance and substantial revenue. These companies have demonstrated their ability to adapt to changing market demands, leverage advanced technologies, and provide reliable and efficient logistics solutions to a wide range of industries. 

With revenue being a key indicator of success, we present a comprehensive overview of the top 20 logistics companies in 2023, based on their impressive financial performance. This list encompasses companies that have excelled in various sectors, including transportation, warehousing, supply chain management, and freight forwarding. 

Leading the pack is DHL, a global powerhouse known for its extensive network and comprehensive range of logistics services. DHL's unparalleled presence in over 220 countries and territories has solidified its position as a market leader. Similarly, UPS and FedEx, renowned for their efficient delivery networks and advanced technology solutions, have secured top spots on the list. 

 

1. UPS ($91B)  

With operations spanning over 200 countries and territories worldwide, UPS is dedicated to driving progress by delivering essential goods and services. Founded as a modest messenger service by two ambitious teenagers with a $100 loan, UPS has grown into a global workforce of over 500,000 employees, serving diverse markets and communities across the globe.  

 

2. FedEx ($90B)  

FedEx Express pioneered express transportation and continues to lead the industry globally. With its rapid, dependable, and time-definite delivery services spanning over 220 countries and territories, FedEx Express connects markets representing more than 99% of the world's gross domestic product, ensuring efficient global connectivity. 

 

3. DHL ($82B)  

DHL Supply Chain stands as the foremost global provider of contract logistics solutions. Integrating value-added services with traditional distribution and fulfillment capabilities, their tailored logistics solutions enhance efficiency, elevate quality, and foster competitive advantages for their clients worldwide.  

 

4. A.P. Moller – Maersk ($51B)  

A.P. Moller - Maersk operates as a comprehensive transport and logistics company, dedicated to connecting the world for the benefit of customers and society alike. With a workforce of approximately 110,000 employees spread across operations in 130 countries, A.P. Moller - Maersk is committed to facilitating global trade, growth, and prosperity through its extensive network and integrated services.  

  

5. DB Schenker ($46B)  

DB Schenker stands out as a preeminent global logistics provider, leveraging over 140 years of industry expertise. With access to an integrated multi-modal transportation network, strategic warehousing solutions, and advanced global supply chain systems, DB Schenker delivers unparalleled integrated solutions and a comprehensive global perspective to its clients worldwide.  

  

6. Kuehne+Nagel ($30.5B)  

In 1890, August Kuehne and Friedrich Nagel established a freight forwarding company in Bremen, Germany. Over the past 130 years, Kuehne+Nagel has transformed from a traditional shipping company into a global logistics partner, providing highly specialized solutions for major industries worldwide.  

  

7. DSV ($21.8B)  

As a global freight forwarder, DSV provides and manages supply chain solutions for thousands of companies daily. Serving both small family-run businesses and large global corporations, DSV is dedicated to maintaining seamless supply chains through operational excellence and sustainable growth.  

  

8. C.H. Robinson ($17.6B)  

Founded in 1905, C.H. Robinson stands as one of the world's largest logistics platforms, managing $22 billion in freight and achieving total revenues of $17.6 billion in 2023. The company provides freight transportation and logistics, outsourcing solutions, produce sourcing, and information services to over 90,000 customers globally through a network of offices across North America, South America, Europe, Asia, and Oceania. Partnering with more than 450,000 transportation providers, including contract motor carriers, railroads, air freight carriers, and ocean carriers, C.H. Robinson meets diverse freight needs. With a dedicated team of 15,000 employees, a performance-driven culture, and a proven track record, the company has established a strong reputation as an industry leader.  

  

9. NIPPON EXPRESS GROUP ($15.8B)  

Since its founding, the NX Group has leveraged its logistical strengths to connect people, businesses, and regions worldwide, consistently supporting social development. While its mission remains steadfast, the group continually evolves to meet the changing needs of the world.  

 

10. J.B. Hunt Transport Services, Inc. ($12.8B)  

J.B. Hunt Transport, Inc. is a Fortune 300 company specializing in freight shipping for customers of all sizes. Their mission is to drive long-term value for their people, customers, and shareholders while focusing on their vision to create the most efficient transportation network in North America. 

 

11. Expeditors ($9.3B)  

Their services encompass the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation services, order management, warehousing and distribution, and tailored logistics solutions.  

 

12. Rhenus Logistics ($8B)  

As a logistics specialist, the company positions itself as a value-added partner for its customers. By analyzing complex logistics processes along the supply chain, the company offers tailored solutions for procurement, production, and distribution, ensuring optimized and efficient operations. 

 

13. XPO ($7.7B)  

XPO Logistics delivers top-tier transportation solutions to global industry leaders. With a dynamic global team dedicated to excellence, XPO strives to lead the industry in innovation and service. Offering diverse career opportunities across various fields and experience levels, XPO invites individuals ready to make a significant impact to join its team and contribute to moving the world forward. 

 

14. Geodis ($6.5B)  

GEODIS is a premier global provider of tailored transportation, warehousing, logistics, and supply chain solutions. They excel at unlocking business value in an increasingly complex and dynamic world.  

 

15. Dachser ($6.2B)  

DACHSER is a global leader in system logistics, renowned for its seamless worldwide transport network. By integrating warehousing, customer-specific services, and advanced IT solutions, DACHSER offers intelligent combinations and integrations of logistics competencies, setting a benchmark in the industry. 

   

16. Kerry Logistics ($6B)  

Kerry Logistics is Asia's premier logistics service provider, boasting extensive operations across Greater China and the ASEAN region, including the largest distribution network and hub operations in these areas. Leveraging a powerful network, Kerry Logistics successfully drives business at global, regional, and local levels.  

      

17. Toll Group ($5.8B)  

Toll Group is a pivotal force in global logistics, dedicated to facilitating the movement of businesses worldwide. With a workforce of 16,000 professionals, Toll excels in overcoming logistics, transport, and supply chain challenges of any scale. With over 130 years of experience, Toll Group remains steadfast in supporting its customers' operational needs with innovative solutions and unparalleled expertise in the industry.  

  

18. Hub Group ($4.2B)  

Founded 50 years ago, Hub Group has established itself as a leading provider of innovative supply chain solutions. With a commitment to understanding and meeting evolving business needs, Hub Group offers tailored transportation solutions that scale and adapt seamlessly. Their dedication to customer service and operational excellence continues to drive their success in the logistics industry.  

  

19. Yusen Logistics ($4.2B)  

Established in 1955, Yusen Logistics has evolved into a global leader in supply chain logistics. Specializing in ocean and air freight forwarding, warehousing, distribution services, and comprehensive supply chain management, Yusen Logistics offers a seamlessly connected suite of solutions. Their commitment to delivering superior value, reliability, and expertise continues to drive their success in the logistics industry worldwide.  

  

20. Kintetsu World Express ($3.7B)  

As a prominent provider of Air Freight, Ocean Freight, Customs Brokerage, Surface Logistics, and Distribution (3PL) services, KWE takes pride in efficiently delivering cargo to global markets. Their comprehensive logistics solutions ensure seamless transportation and reliable service across diverse industries worldwide. 

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