“When technology disrupts all sectors, the winners are usually those who adopt that technology and offer value to customers.”
Digitalization and advanced technologies have taken over the world, and customer expectations keep evolving with time. From online shopping to ordering meals and groceries online, logistic and transportation requirements are growing with each passing day. Logistic is the process that assists in inadequate transit as well as the storage and delivery of products and services. The logistic and transportation industry is continuously undergoing drastic transformation and paving a path for modern solutions in the near future.
Today, startups and even well-established business owners are leveraging technology solutions to improve customer service and increase profitability. Cutting-edge technology solutions and dynamic business models have outlined this industry. However, there is cut-throat competition, popular logistic companies like DHL, UPS, FedEx are ruling the market, but more and more retailers and business owners are digitizing their business and developing scalable software solutions.
The logistic industry is valued at an astounding $8trillion and projected to grow further to above $9 billion in the years to come. On the other hand, Uber and Lyft have reshaped the transport industry with their on-demand business model. It would not be wrong to admit that it is a highly fragmented industry, though.
Top Transportation and Logistic Companies Across the World
The change is apparent. From the last decade, the logistic and transportation business has been facing major changes. From embracing digital solutions to online taxi booking applications to real-time delivery tracking to last-mile delivery, there is so much happening in the logistic and transportation world.
Especially due to the Corona outbreak, people’s inclination towards online ordering has been increasing and it impacts the logistic industry most.
In the chart presented above, we can see the logistic and supply chain market size is estimated to grow at a rate of 15-20% annually. Penetration of smartphones and wide access to the Internet allows people to get a cab at their doorsteps. Convenience is the primary factor that has triggered a major revolution to happen. Nowadays, it is as easy as taking your smartphone out, and tracking your product’s whereabouts, opening an app, and your taxi has booked. All the transactions we can perform with ease; all credit goes to advances in technology.
This article guide will give you a closer look at the top logistic and transport companies across the world in 2020. Here are the
Top logistics companies in the world
- #DHL Supply Chain
When we talk about the transport service companies, Uber is the first name that comes to mind. Uber started as a ride-hailing service a decade ago but now active in more than 700+ cities and 65+ countries. After witnessing Uber’s major success, many transportation companies owners have developed an online taxi booking app. If you are new or want to transform your existing taxi business and want to build a fully-featured app, you can opt for a trusted and experienced technology partner such as Elluminati Inc. for your transport business.
Today, Uber has more than 110 million active users. It does not offer only a taxi booking service but meal delivery (UberEats); it also matches shippers with truckers (UberFreight) and soon launches short flight services.
Uber has become popular because it offers convenience to the people while also allowing drivers to earn extra income in their free time. Without owning a single car, its net worth is around $2 billion. Isn’t it amazing!
# DHL Supply Chain
DHL Supply Chain or DHL Express is a subsidiary of a German Logistics Organisation known as Deutsche Post that is popular across the world for its exceptional logistic and conveyance services. It is one of the renowned brands in the list of top logistics companies. From small parcels to large shipments, DHL provides excellent service and contributes its major share in developing the economy.
Certain important things you should know about DHL,
- Offers most standard and on-time logistic transportation as a service
- Global presence, serving more than 220 countries
- International shipping solutions
DHL plans to invest $250 million in the Indian DHL logistic brand in order to boost Indian logistics and enhance its operations. It has also acquired some share of Blue Dart.
When we are talking about transport service companies, it would be incomplete without considering Lyft. Lyft is another ride-hailing app that was launched in the USA but is now used globally via similar online taxi booking services. Lyft allows riders to request a car within the app and get picked up by a nearby location and drop-off at the rider’s address.
Along with the USA, Lyft has its active presence in Canada and South Asia, and more. The best part of Lyft is it also offers riders to opt for a self-driving car as well.
They have a unique kind of verification policy for their drivers. They approve the drivers having a valid license and conduct background checks. While looking at the interface, it holds a stunning interface that enables users to book and track their rides with ease.
FedEx is another top logistics company that deals with a carrier and package delivery across the globe. FedEx offers an almost full package of logistic services such as postal deliveries, storage facilities, and freight forwarding and allows businesses to handle their warehousing and distribution needs. It also offers business warehouse management software with ultra-modern features that makes it easy for both consumers and delivery providers to track data in real-time.
Some of the major services offered by FedEx includes:
- Air and ocean cargo network
- Customs and trades
No doubt, FedEx is one of the best and popular logistic companies in ground delivery services but more known for expedited shipping.
Started in 2012, Grab is now one of the best ride-hailing and transport service companies based in Singapore. It connects riders with millions of service providers. Along with the transportation as a service, Grab also delivers food and essential products; the company contributes its major share to the economy and citizens’ well-being.
Right now, GrabTaxi operates in 21 different cities across six different countries of Southeast Asia. They are also planning to craft solutions that make public transport more livable and easy for everyone through smart vehicles and mobility solutions.
All the above top logistic and transportation companies are popular in different countries where they serve their transportation as a service. To help eCommerce and online delivery businesses, above logistic and transportation companies are continuously updating their services and providing world-class solutions. Apart from the list, there are many top logistics companies, so make sure to take time to compare their transportation as a service and technology before you get started.
The well-versed logistic and transport partner will be willing to fulfill all your needs and help your business succeed online.
Deep is a serial entrepreneur and blogger who wishes to support the ground transportation companies with his writings. He covers up all the known and unknown facts around the industry and puts it together to create trending articles across different websites. He also includes details on the latest trends, fun facts, business expectations, strategies, and models to follow to achieve success in the transportation sector.