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Leading logistics companies in China 2019, based on revenue

As of 2019, China Ocean Shipping Company (COSCO) was the leading logistics company in China based on revenue from its logistics segment, which was worth over 221 billion yuan.

Chinese logistics market

   The logistics market for China has been relatively concentrated in recent years, the leading player COSCO has over twice the revenue of the third player. Several companies were also listed as leading companies in the Fortune 500 in the logistics and transportation segment, including S.F. Express which was more widely known for its express delivery service. The total value of the logistics market in China has surpassed 250 trillion yuan recently, which was believed to be related to the fast growth of online retailing in China. National logistics costs have been growing, but slightly declining in terms of share of GDP at around 14 percent in 2017, down from over 16 percent in 2014.

Express delivery

   The total demand multiplied itself eightfold in the last five years, the express delivery segment has become the new spotlight of the industry under the influence of the rise of online shopping in China, where over 80 percent of the demand was served by inter-city courier. As for the future of the logistics industry in China, data protection will likely become the most pressing issue for service providers to improve with smart logistics, where most Chinese were positive about the deployment of autonomous equipment in the industry.  

Leading logistics companies in China in 2019, based on revenue

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Sources

Release date

June 2020

Region

China

Survey time period

2019

Supplementary notes

Note: 1 yuan equals approximately 0.15 U.S. dollars and 0.13 euros (as of September 2020).

Values have been rounded.

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