The coronavirus pandemic affected international trade turnover. While some companies had been suffering hefty losses, car transportation firms on the contrary benefited greatly from lockdowns. Many companies managed to expand significantly. Closed terminals and ports, quarantine restrictions, lockdowns, and shortages of goods contributed to the success of this industry. Many enterprises were ready to pay more in order to get goods faster. As a result, the car transportation industry flourished in those hard times.

Interestingly, during the first wave of the pandemic, almost all companies faced losses, but the cargo transportation sector was able to get back on track quickly enough and even increased volumes. Of course, many small companies ceased to exist but the majority quickly adapted to do business under restrictions.

For instance:

  • At the height of the pandemic, FedEx shares not only quickly recovered, but also doubled in price.
  • UPS Freight's net profit totaled $2.33 billion this year
  • Knight-Swift Transportation Holdings Inc and XPO Logistics Inc also managed to double the share price this year

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The rapid development of e-commerce, the need to deliver goods to remote regions, and speed are the main features that help the industry to withstand new challenges today. Let’s find out the leaders of the industry.

Top 10

1. UPS Freight (NYSE: UPS)

Revenue: $23.18 billion

Net profit: $2.33 billion

Market cap: $182.17 billion

Share price: $154.76 - $220.24

UPS Freight ranks first on the list of the 10 largest trucking companies in the world. It offers regional and interregional services, which include: transportation management, customs clearance, rail and land freight forwarding, return management, and much more.

2. FedEx Corporation (NYSE: FDX)

Revenue: $23.18 billion

Net profit: $1.11 billion

Market cap: $64.37 billion

Share price: $216.34 - $319.90

FedEx Corporation is a multinational US-based company that is widely known in the market. FedEx offers cargo transportation. It has about 42,000 employees and 350 operating service centers. In addition, FedEx handles 100,000 shipments daily.

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3. XPO Logistics Inc. (NYSE: XPO)

Revenue: $5.04 billion

Net profit: $156 billion

Market cap: $9.16 billion

Share price: $73.41 - $153.45

XP is one of the top companies providing logistics and transportation services. The company's main activities are divided into two segments: transportation services (chartering, forwarding) and logistics (warehousing, distribution, labeling and transportation of goods).

4. Yamato Holdings Co. Ltd. (TYO, YATRY)

Revenue: $14.9 billion

Net profit: $490 billion

Market cap: $9.13 billion

Share price: $23.82 - $28.57

Yamato is a Japanese company offering delivery services through subsidiaries. Yamato provides a wide range of services including parcel delivery, logistics management, maintenance, distribution of goods, and information services.

5. JB Hunt Transport Services (NASDAQ: JBHT)

Revenue: $3.14 billion

Net profit: $199.83 billion

Market cap: $20.29 billion

Share price: $121.85 - $201.09

JB Hunt Transport Services is another successful transportation and logistics company in North America that offers a wide range of services to its customers in the United States, Canada, and Mexico. JB Hunt Transport Services mainly works with large-sized semi-trailers.

6. Seino Holdings Co. Ltd.

Revenue: $5.3 billion

Net profit: $382 billion

Market cap: $2.54 billion

Share price: $13.68 - $11.95

Sino Holdings is involved mainly in cargo transportation. It provides warehouse services, customs broker services, insurance, as well as the purchase and repair of trucks.

7. Knight-Swift Transportation Holdings Inc. (NYSE: KNX)

Revenue: $4.67 billion

Net profit: $410 billion

Market cap: $9.81 billion

Share price: $26.73- $58.90

Knight-Swift Transportation Holdings Inc. is a transportation and logistics provider, also known for its brokerage and management services.

8. Best Inc. (NASDAQ: BEST)

Revenue: $11.85 billion

Net profit: $734 billion

Market cap: $30.46 billion

Annual share price: $95.93 - $128.57

Best.Inc. is an integrated provider of solutions for the supply chain and logistics. It unites the Internet and IT with traditional logistics services.

9. YRC Worldwide Inc. (NASDAQ: YRCW)

Revenue: $4.6 billion

Net profit: - $64.1 billion

Market cap: $228.6 billion

Annual profit: $3.81 - $5.11

YRC Worldwide Inc. is the parent company of several transport companies. It coordinates the movement of goods in several directions worldwide.

10. Landstar System Inc. (NASDAQ: LSTR)

Revenue: $1.74 billion

Net profit: $98 billion

Market cap: $6.97 billion

Annual profit: $123.16 - $183.12

Landstar System Company, a logistics operator, is one of the largest service providers in the US, Canada, Mexico, and other countries around the world.

Conclusion

By analyzing the indicators of the largest logistics companies, we can say for sure that the industry is expanding steadily, staying resilient to new challenges. Investors should definitely pay attention to the shares of such companies. Before adding the stock of cargo carriers to your portfolio, carefully study the market and the entire range of trading instruments. Invest wisely and carefully with InstaForex.