The IMARC Group estimates that the global logistics market will reach a value of US$ 5.2 trillion in 2020. Looking ahead, IMARC Group forecasts that the global logistics market will expand at a moderate rate between 2021 and 2026. Logistics is the process by which commodities and services are transported and stored efficiently and effectively. The logistics business is undergoing continual development, which is laying the way for future breakthroughs.

Numerous developing technologies, such as GPS, biometrics, pharmaceutical warehousing, and automated material handling equipment, are reshaping the future of logistics. Additionally, the Internet of Things has the capacity to move data across networks safely and securely. Additionally, in the logistics industry, emerging technical advancements include artificial intelligence, driverless cars, and drone delivery. Global logistics is a fragmented business, with numerous small and major companies participating in it. Among the top ten companies are the following:

J. B. Hunt Transport Services

J.B. Hunt Transport Services, Inc. is a United States-based logistics company that specializes in surface transportation and delivery services throughout the United States, Canada, and Mexico. Additionally, it provides logistics management services from a single source for companies looking to outsource their transportation responsibilities. Additionally, the company transports or arranges for the transportation of freight, which includes general merchandise, specialized consumer items, appliances, forest and paper products, food and beverages, building materials, soaps and cosmetics, automotive components, agricultural products, electronics, and chemicals.

C. H. Robinson Worldwide, Inc

C.H. Robinson Worldwide, Inc. (CHRW) is a logistics service company. It has contracts with over 71,000 carriers and processes around 18 million shipments every year for its 113,000 customers in the food and beverage, manufacturing, and retail industries. Additionally, CHRW purchases, sells, and distributes fresh produce throughout the United States.

CEVA Holdings LLC

CEVA Holdings LLC (CEVA) is a supply chain management company that is not asset-based. The company is involved in the creation and implementation of a variety of solutions for enterprises engaged in freight management and contract logistics. CEVA serves a diverse range of industries, including automotive, technology, industrial, consumer and retail, as well as energy and healthcare. Its supply chain solutions portfolio includes solution design, engineering, and analysis, contracting for logistics services, supply chain management, and supply chain management technology.

FedEx Corporation

FedEx Corporation, founded in 1971 and headquartered in Memphis, Tennessee, is the world’s largest express delivery company. It is a transportation, e-commerce, and business services provider. The corporation operates on a global scale, providing transportation, e-commerce, and commercial services. FedEx Express, a division of the firm, provides shipping services for the delivery of products and freight. FedEx Ground provides money-back guaranteed ground package delivery services to businesses and residences, as well as consolidates and delivers low-weight, less time-sensitive business-to-consumer products.

U.S. Postal Service

United Parcel Service (UPS) is the world’s largest package delivery corporation, moving around 15 million goods and documents throughout the United States and other parts of the world on a daily basis. UPS has grown its activities throughout the years through mergers and acquisitions (M&A). It acquired Freightex of the United Kingdom, a low-asset provider of truckload, less-than-truckload, specialized, and refrigerated over-the-road services.

Expeditors International of Washington. Inc

Expeditors International, based in Washington, obtains air and ocean cargo space in bulk and resells it to its customers at a discount to what they could receive directly from the carriers. Additionally, the company operates as a customs broker for its customers’ air and ocean freight and provides supply chain management services.

XPO Logistics, Inc

Founded in 1996, XPO Logistics, Inc. is headquartered in Greenwich, Connecticut. It operates in the United States, North America, France, the United Kingdom, Spain, Europe, and Asia, providing transportation and logistical services. XPO’s growth strategy entails large acquisitions that broaden the company’s worldwide reach or add new product and service offerings. For example, it acquired a 67 percent ownership in Norbert Dentressangle, one of Europe’s largest transportation and logistics companies. Similarly, XPO acquired Con-way, one of the largest trucking companies in the United States.

Kenco Group, Inc

The company dates all the way back to 1950. Kenco Group (dba Kenco Logistic Services) is a warehouse and distribution company. It serves consumers in industries such as appliance, automotive, construction, food, health care, pharmaceutical, and textile. Other Kenco firms provide truckload freight transportation and logistics services, as well as distribute freight-handling equipment.

Americold Logistics, LLC

Incorporated in 1911, the corporation is headquartered in Atlanta, Georgia. It serves the food sector in the United States and globally by providing temperature-controlled warehousing, transportation, and logistical services. It is responsible for consolidating, public, production, and dedicated distribution warehouses. Additionally, the company provides transportation management services such as shipment management, operations management, claims management, direct store delivery, national less than truckload transportation, consolidation programs, carrier control, broker capacity management, real-time information control, shuttle, and multi-vendor consolidation.

Deutsche Post DHL Group

Deutsche Post is a major leader in the global express delivery business. DHL COLDCHAIN is a specialized, fully monitored, and temperature-controlled service for less-than-truckload shipments (LTL). The corporation operates a network of roughly 4,700 offices and operates a fleet of approximately 72,000 cars and approximately 350 aircraft. Furthermore, DHL is a market leader in freight forwarding, logistics, and supply chain management.

DSV Air & Sea Inc

It provides airfreight services such as next flight out, oversize airfreight, and customs clearing as a US subsidiary of its Danish parent business (DSV Air & Sea Holding A/S). DSV Air & Sea intends to grow organically and through smart acquisitions in Asia and South America in order to broaden its global reach.