It's no surprise that over the last 20 years, the "Duopoly" of FedEx and UPS tops the list of carriers consistently over the span of time.
Some fun factoids:
🚚 According to Transport Topics annual tracking of Top 100 Carriers, 2004 revenues of the top 20 totaled $104.3B
🚚 In 2022 the top 20 revenues totaled $241.5B
🚚 From 2004 to 2022, the "Duopoly" of FedEx and UPS accounted for 69% increase in revenues of the total Top 20
🚚 The Duopoly accounted for 66% of revenues from latest data of Top 20 Carriers
🚚 3 of the top 20 carriers in 2022 were not in the Top 100 carriers in 2003
🚚 7 of the top 20 carriers from 2004 were acquired
🚚 8 of the top 20 carriers in 2022 were not in the Top 20 carriers in 2003
Wonder why we picked "20"? That's because 2023 is the year of 20 for JBF Consulting is celebrating its 20th anniversary. If you like this post, reshare it with your network!
About the Author
Mike Mulqueen is the Executive Principal of Strategy & Innovation at JBF Consulting. Mike is a leading expert in logistics solutions with over 30 years managing, designing and implementing freight transport technology. His functional expertise is in Multi-modal Transportation Management, Supply Chain Visibility, and Transportation Modeling. Mike earned his master’s degree in engineering and logistics from MIT and BS in business and marketing from University of Maryland.
About JBF Consulting
Since 2003, we’ve been helping shippers of all sizes and across many industries select, implement and squeeze as much value as possible out of their logistics systems. We speak your language — not consultant-speak – and we get to know you. Our leadership team has over 100 years of logistics and TMS implementation experience. Because we operate in a niche — we’re not all things to all people — our team members have a very specialized skill set: logistics operations experience + transportation technology + communication and problem-solving skills + a bunch of other cool stuff.
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