The continued rise of e-commerce has led to increased demand for courier services worldwide. As more consumers shop online, courier companies must expand their infrastructure and capabilities to meet growing delivery volumes.
This breakdown of the largest courier companies from Pranav Gavali shows just how big these providers have become. It uses market capitalization as of Feb 9, 2024 from CompaniesMarketCap.com
UPS and FedEx are the Biggest Couriers in 2024
The “big three” couriers of United Parcel Service (UPS), FedEx, and DHL continue to dominate courier services worldwide. Here are the largest courier companies in the world by market cap and headquarter country:
| Courier Company | Country | Market Cap (Feb 2024) |
|---|---|---|
| United Parcel Service |  United States |
$126,016.9M |
| FedEx | United States |
$60,411.6M |
| DHL Group (Deutsche Post) |  Germany |
$54,521.9M |
| Japan Post Holdings |  Japan |
$30,470.3M |
| S.F. Express |  China |
$25,556.8M |
| ZTO Express | China |
$14,398.1M |
| Poste Italiane |  Italy |
$13,861.0M |
| TFI International |  Canada |
$12,159.5M |
| Yamato Holdings | Japan |
$5,578.2M |
| Delhivery |  India |
$3,922.3M |
| International Distributions Services (Royal Mail) |  United Kingdom |
$3,342.4M |
| Österreichische Post |  Austria |
$2,247.9M |
| Blue Dart Express | India |
$1,750.0M |
| Bpost |  Belgium |
$755.9M |
| PostNL |  Netherlands |
$705.3M |
| Pitney Bowes | United States |
$691.2M |
| Singapore Post |  Singapore |
$668.5M |
| CTT – Correios De Portugal |  Portugal |
$559.6M |
| Gati | India |
$215.1M |
Other carriers that operate more regionally have still attained a lot of value, including Japan Post Holdings and China’s S.F. Express and ZTO Express.
Of course, there have been many hurdles for the courier industry to overcome in the past few years. Global supply chain disruptions, such as those caused by the COVID-19 pandemic, natural disasters, or geopolitical tensions, can severely impact courier operations.
But though courier services have already improved in both speed and availability in many countries, companies are still looking for ways to increase efficiency even further. FedEx, for example, has started experimenting with AI-powered sorting robots to improve efficiency downstream.
Source: Visual Capitalist
