In today’s global economy, ocean freight is necessary to meet the demands of consumers worldwide. Shipping via ocean freighters is the method by which a huge majority of goods, especially raw materials, are transported from place to place. In fact, over 90% of the world’s trade is conducted via maritime transport. It allows companies to transport their goods reliably, en masse, and cheaply.
Like many industries, there are some companies that simply dominate the field, and the ocean freight industry is no different. Here we’ll discuss the 3 top ocean freight carriers and examine the data behind their ranking.
Kuehne + Nagel Inc.
This company, based in Switzerland, tops the list of ocean freighters, with a gross revenue of over 4.9 billion yearly. They offer both air and ocean freight shipping, as well as freight brokerage, supply chain consulting, and custom brokerage. With a container volume of 4,053,000 TEU equivalents, which is almost 1 million more TEUs than our second place ocean freight industry leader, Kuehne + Nagel absolutely dominates the field.
DHL Supply Chain
This German-owned company comes into second place with a gross yearly revenue of about 4.2 billion and a container volume of 3,059,000 TEUs. Like Kuehne + Nagel, this company focuses on shipping and supply chain management, but also offers warehousing and distribution services as well.
Rounding out the top 3 ocean freight carriers is Sinotrans, a Chinese company with a shipping volume of 2,801,300 TEUs and a gross yearly revenue of approximately 200 million dollars. While Sinotrans takes third place it is certainly no slouch; it is the biggest logistics company in China – a country that accounts for 30% of the global containerized export volumes.
While there are hundreds of freight companies worldwide, few approach the volume capacity and yearly revenue of these 3 ocean freight giants. Profits numbering in the billions are just one statistic showing their shipping prowess and firm grasp of the needs of the shipping industry. With millions of tons shipped yearly and thousands of ships operating worldwide, these companies are absolutely essential to the continuing flow of global trade.
Evans is here to help you with your freight management, and can also arrange ocean freight into the U.S. as well as exports from the U.S. Contact our sales team to get started today, email@example.com or 800-OK-EVANS.