The growth of e-commerce has led to a surge in demand for cargo transportation services globally. With an increasing number of consumers turning to online shopping, courier companies are faced with the challenge of upgrading their infrastructure and transport capacity to keep up with the exponential growth in parcel volumes.
The infographics below depict the largest courier companies in the world by market capitalization, according to data from CompaniesMarketCap.com as of February 9, 2024.
The top three giants in the global courier industry are United Parcel Service (UPS), FedEx, and DHL, with market capitalizations of $126 billion, $60.4 billion, and $54.5 billion, respectively. They are followed by three Asian companies: Japan Post Holdings from Japan, and S.F. Express and ZTO Express from China.
Dragon Capital Chairman: “Long-term vision is needed, accepting necessary adjustments for a safer, more efficient, and higher quality market”
According to Mr. Dominic Scriven, Chairman of Dragon Capital, the role of the finance industry in the stock market will be significant in 2023 and possibly in 2024. The roles of other industries, such as real estate or consumer goods, will depend on their respective challenges.
Overloaded Lunar New Year Orders
This year, the situation of overloaded delivery during the Lunar New Year holiday is happening earlier than usual.
Lucky Shipper Wins Big During Lunar New Year
In the days leading up to Tet holiday, the amount of online shopping has significantly increased, with delivery personnel being busy on every route in Hanoi. According to an e-commerce expert, online shopping during this Tet holiday has seen a remarkable surge and is expected to continue rising in the coming period.
Once a formidable competitor in the stock market, the total market capitalization of the entire real estate industry is now less than the combined market capitalization of three banks.
If you combine the market cap of Vietcombank and BIDV, along with the market cap of Vietinbank (which is approximately 960 trillion VND), it already surpasses the market cap of the top 30 largest real estate enterprises (which is around 788 trillion VND).
