Search results
Results from the WOW.Com Content Network
To a lesser extent in the US, FedEx competes with SF Express and DHL, and while DHL's market share in the United States is rising, the shipping industry (not including USPS) in the United States is primarily dominated by UPS and FedEx; DHL is only a strong competitor to FedEx outside of the United States. [34]
The courier industry in United States is a $59 billion industry, with 90% of the business shared by DHL, FedEx, UPS and USA Couriers. On the other hand, regional and/or local courier and delivery services were highly diversified and tended to be smaller operations; the top 50 firms accounted for just a third of the sector's revenues.
UPS is the largest courier company in the world by revenue, with annual revenues around US$85 billion in 2020, ahead of competitors DHL and FedEx. [9] UPS's main international hub, UPS Worldport in Louisville, Kentucky, is the fifth busiest airport in the world by cargo traffic based on preliminary statistics from ACI, and the third busiest in ...
The only major competitor in the overnight market was Federal Express (FedEx), which did not open its first international service until 1981, expanding to Toronto, Ontario, Canada. Nevertheless, the domestic market was extremely profitable, and DHL was the third largest courier behind FedEx and UPS.
As per a 2023 report, the global freight forwarding market was valued at $201.6 billion in 2021 and is expected to grow at a CAGR of 3.9% from 2022 to 2030, reaching $284 billion by 2030. [16] United Parcel Service, DHL Group, FedEx, Maersk, and Deutsche Bahn are the largest freight companies by revenue. Cumulatively, the top ten companies ...
DHL Supply Chain was the global market leader in contract logistics with a market share of 8.3% (2010). In this highly fragmented market, the top ten players account for only about 23% of the overall market, the size of which is estimated to be €147 billion.
[citation needed] [38] Therefore, even the top corporate operators only hold a small share of the total market. According to the industry market research firm IBISWorld, J.B. Hunt Transport Services holds an estimated 2.5% market share, YRC Worldwide holds 1.8%, FedEx holds 1.6%, United Parcel Service of America owns 1.5%, and Con-way holds 1.4 ...
The DHL Global Forwarding division carries goods by rail, road, air and sea under the DHL brand and includes the DHL Freight operation which runs a ground-based freight network covering Europe, Russia and traffic into the Middle East. In 2016, this division's revenue declined by 7.7 percent to €13.7 billion but operating profit before ...