A logistics company plans, implements, and controls the movement and storage of goods, services or information. Depending on the client’s needs, logistics companies handle some or all of the above-mentioned functions. During the times of war, supplying troops with the proper equipment and ammunition was a logistics function.
Logistics has seen tremendous growth in recent years, the evolving technology has helped logistics become a global phenomenon. For a logistics company to be successful, one of the most important things is ‘The supply chain’, as it plays a crucial role, this includes may include transportation, shipping, receiving, storage, and management of all or one of these functions.
Logistics also covers information, transportation, inventory, warehousing, material handling, packaging, disposal, and security within the business sector.
CSX Transportation is a logistics company, which was founded in 1981, the company mainly focuses on rail transportation; it operates in the eastern United States and the Canadian provinces of Ontario and Quebec. The railroad operates approximately 21,000 route miles (34,000 km) of the track. CSX is a leading supplier of rail-based freight transportation and is a Fortune 500 company, and the brand is currently valued at $4bn.
Lineage Logistics is an international warehousing and logistics company, which was founded in 2012, It is owned by Bay Grove, the company is the world’s largest refrigerated warehousing company, it currently has around 200 facilities in North America, Europe, and Asia. The company has become one of the best logistics companies in a short time, and are constantly expanding to make sure they’re in a position to provide logistics support to any company in need. By 2019, the company was ranked #9 logistics firm by net revenue.
J.B. Hunt Transport Services is one of the largest transportation and logistics company in North America, the company was founded by Johnnie Bryan Hunt and Johnelle Hunt in Arkansas in 1961. By 1983, the company currently employs over 24,000 and operates more than 12,000 trucks. Over 100,000 trailers and containers can be found in the company’s fleet, In 2017, it was reported that the company’s annual revenue was around $7.2B.
C.H. Robinson is an American that is a third-party logistics company, it offers freight transportation, transportation management, brokerage, and warehousing. The company has been providing logistic services for over 120 years now and has over 300 branches with 15,100 employees. This firm is known for its Air and ocean freight forwarding and dedicated contract carriage. In 2017, it was reported that the company’s annual revenue was around $14.87B.
The Japan Railways Group, more commonly known as JR Group, consists of seven for-profit companies, these companies took over most of the assets and operations of the government-owned Japanese National Railways. It has been estimated that the current brand value is $11.1bn.
Deutsche Post DHL is the world’s largest logistics company, operating in over 220 countries and territories worldwide, to nearly 4,700 offices, and it employs a fleet of around 72,000 vehicles and 350 aircraft. They specialize particularly in sea and air mail, it was estimated, that the company delivers over 1.3 billion parcels per year. DHL was founded in 1969 and expanded its service throughout the world by the late 1970s. In 1998, Deutsche Post began to acquire shares in DHL. It reached controlling interest in 2001 and acquired all outstanding shares by December 2002.
One of the largest logistics companies in the world, FedEx has been providing quality service for over 50 years, The company is known for its overnight shipping service and pioneering a system that could track packages and provide real-time updates on package location, a feature that has now been implemented by most other carrier services. FedEx delivers over 3.5M items daily to more than 220 countries and has a fleet of 57,000 vehicles and 640 aircraft. As of 2018, 425,000 people were employed by FedEx, the company’s total assets were reported to be $52.3B.
UPS stands for United Parcel Service, It is an American multinational package delivery and supply chain management company. The company was founded in 1907, and it is headquartered in the U.S. city of Sandy Springs, Georgia. The company transports 15 Million packages and documents per business day throughout the US and other parts of the world. In 2018 and 2019 the company was ranked #2 logistics firm by net revenue, and it has over 481,000 employees. It was reported that the total assets of the company were around $50B.
Perhaps the largest logistics company in the world, XPO was founded in 1989, the firm operates as a third-party logistics company, which operates in thirty-two countries, and has over 100,000 employs. The company spends $450M yearly on tech investments alone, to provide the best service. The company is ranked 69 in the Fortune 100 list. In both 2018 and 2019, XPO Logistics was ranked as the logistics company #1 by net revenue.
Also Read: Top Agricultural States In India