What does a logistics company mean? A company that transports consumer goods and remains involved in supply chain functions is known to be a logistics company. You might be familiar with Amazon Prime. It is trying to reduce the time taken for delivering orders. So, Amazon Prime is meant to deliver products within a couple of hours, the order is placed. Under this plan, Amazon already performed several test trials by deploying drones to drop-off goods. In the long-run, Amazon is trying to utilize drone technology for delivery purposes. During 2020, like other industries, logistics also suffered huge losses because of the global pandemic. Due to intermittent lockdowns, businesses were reluctant to order goods. Hence, the logistics business was at a standstill. It is expected that things will improve one normalcy returns and the logistics industry will witness recovery. Before the lockdowns, there was some panic buying by people. So, several logistics companies were involved in delivering orders on time. There are various multinational logistics companies around the globe that are working in various countries.
In this article, we will discuss the Top 5 Logistics Companies in the World as shared in a Yahoo article by Insider Monkey.
Now, Let’s jump directly to the companies we have on our list. C.H. Robinson is one of the biggest logistic companies with $4 billion as the value of assets and net sales value of more than $2.7 billion. The company is offering different services including but not confined to transportation, warehouse, and brokerage. Every year, more than 18 million deliveries have been done by the company and contain tailor-made solutions and strategies for highly complicated logistic problems which is probably the reason behind its huge customer base of more than 100,000 customers. United Parcel Service or UPS is another company which is earning huge revenues through its sales. There are around half-million employees working inside UPS which permitted it to become one of the top logistics firms in the world and is also highly popular all around the globe. The company is offering its services to more than 220 different countries. Although the Coronavirus pandemic has negatively impacted UPS, but its earnings in the Q2 of 2020 were more than expected which results in increasing its stocks.
If you want to learn more about different biggest and top-level logistics firms, then this post Top 10 Logistics Companies In The World on Yahoo is for you.