Shipower Hanjin's revenue boost sees Australia's only representative fall one place
November 22, 2013
Toll Holdings sits centrally in a global transport and logistics top-50 newly released by US trade and freight publication The Journal of Commerce.
Compiled by SJ Consulting, the list is for 2012 and predicated on annual revenues.
Losing one place compared with the previous year’s report, Toll sits at 28th, between Dutch 3PL firm CEVA Logistics at 27th and German shipowner Hapag-Lloyd, and is the only Australian company there.
The slight
falll appears due to South Korean shipowner Hanjin Shipping’s 9.5 per cent revenue leap to US$9.4 billion that took it from 29th to 25th, despite Toll’s own
5 per cent rise to $9.1 billion.
Linfox failed to make the list. With revenues reported to be around US$3 billion (A$3.25 billion), it would need to grow that figure substantially to push out Taiwan’s 50th placed Yang Ming Marine Transport, which recorded US$4.47 billion.
Parcel and 3PL firms with significant truck fleets, in Germany’s DHL and UPS and FedEx of the US, took the top three positions, with the next best Danish shipowner AP Moller-Maersk.
DHL sits at US$55 billiion in revenues, with UPS US$54.1 billion.
Huge US concern Union Pacific was the top of the rail freight operators at ninth, barely edging rival Burlington Northern Santa Fe into 10th by less than US$100 million.
Revenues for the top-50 firms grew 2.6 per cent from $653 billion in 2011 to $670 billion in 2012.
The full list can be found here.
