Growth is experienced each year by the Trucking industry which is led by some of the global trucking companies around the world. There is no doubt that the trucking services are not ending anytime, as from shipment to warehouse and factories this industry is a key integrated part of a logistic chain of the complete workforce of any economy. Every economy is dependent on the trucking industry to deliver all kinds of goods. Statistics represent the importance of the trucking industry which shows that in 2030 this industry will reach USD 700 billion with a CAGR of 5.20% growth. Almost 6% of the full-time jobs and 71% of freight in America depend on the trucking industry, and 8% of full-time jobs are also dependent on the world’s largest trucking companies. The trucking industry has generated revenue more than the total GDP of 150 countries, this highlights the importance of the trucking industry in the United States. Moreover, the records represent that in the last year (2020), almost 10.8 billion tons of freight has been moved. If long-haul trucks stop delivering goods, then grocery stores might experience a shortage of stock. Each year, every truck driver travels an estimated 100,000 miles. This article covers details about Top 10 Global Trucking Companies as shared by Insider Monkey in one of their Yahoo posts.
The first company is Yamato Holdings Co. Ltd. Yamato is a company that is offering delivery services through its subsidiaries and group companies, and it is in Japan. Parcel delivery, appliance installation, distribution, moving, and logistics management are some of the services that are provided by Yamato. In addition, the company also offers information services to the consumers about vehicle and truck maintenance for different transportation firms. Another company is XPO Logistics Inc. Among the top leading transportation and logistics providers, XPO is one of those firms which has the latest resources, technology as well as a cohesive network of individuals working with them. There are two segments of the company, such that logistics and transportation. The services related to last mile, freight brokerage, LTL, and global forwarding services are provided by the transportation segment. On the other hand, the services such as labelling, warehousing, transportation as well as distribution solutions are all handled by the logistic segment. You can read about other trucking companies in this article 15 Biggest Trucking Companies in the World.
