Perishable transportation capacity generates cost without revenue when unused, while fuel and labor costs subject to external price forces constitute the majority of operating expenses.
Integrated freight and logistics companies manage the movement of goods from origin to destination across multiple transportation modes and through the warehousing, handling, and documentation steps required along the way. The distinguishing feature is integration: rather than operating a single truck fleet or vessel line, these companies coordinate across modes, combining the cost efficiency of ocean and rail for long-haul segments with the flexibility of trucking for first-mile and last-mile delivery, with warehousing serving as buffer points where goods are received, sorted, stored, and dispatched.
Capacity management is the central operational challenge. Transportation capacity is produced in fixed increments, and each unit that moves empty represents unrecoverable cost. Matching available capacity to shipment demand across a network of routes, modes, and time windows is a continuous optimization problem. The asset-light versus asset-heavy distinction shapes participation: asset-heavy operators own equipment for direct capacity control but face utilization risk, while asset-light brokers coordinate capacity owned by others, earning margins on the spread between shipper rates and carrier costs but depending on market access when capacity is scarce.
Information systems have become essential infrastructure, as tracking shipment location and status across handoff points between modes, carriers, and facilities requires data integration spanning organizational boundaries. Customs documentation, regulatory compliance, and trade finance generate information requirements layered on top of physical movement coordination. The ability to provide visibility into shipment status and respond to disruptions depends on technology investment connecting carriers, warehouses, customs authorities, and customers into a shared information flow.
Structural Role
Bridges the spatial and temporal gap between production and consumption by coordinating the physical movement, storage, and documentation of goods across supply chains, integrating multiple transportation modes and handling steps into managed freight flows that connect producers with end markets.
Scale Differentiation
Large integrated logistics providers operate across all major transportation modes and geographies, offering end-to-end supply chain solutions that coordinate ocean freight, air cargo, trucking, rail, warehousing, and customs brokerage under unified management. Mid-size companies specialize in specific modes, trade lanes, or industry verticals where domain knowledge and established carrier relationships provide service advantages. Smaller operators function as freight brokers or regional carriers, matching available capacity with shipment demand within narrower geographic or modal scope.
Financial Profile
Measured across the 86 companies in this industry with recorded financial statements. Each band spans the middle 90% of companies — 5th to 95th percentile — with the mark at the median. How wide a band runs is itself a reading: a tight band means the industry imposes its economics on every member; a wide one means outcomes differ sharply between its strongest and weakest companies.
Profitability
Returns & efficiency
Balance sheet
Reinvestment & payout
What marks this industry
Where this industry’s typical company sits against the typical company in every other industry we measure — metric by metric.
5th lowest of 101 industries with this measure.
5th lowest of 77 industries with this measure.
16th highest of 101 industries with this measure.
Scale
The largest member carries roughly 15% of the combined market value; half the companies sit under $952M.
Valuation ranges
EV / EBITDA bands are not drawn for this industry. Many members run negative values there, and a percentile band across mixed signs has no honest reading — a range is shown only where it means something.
Bands are 5th–95th percentiles across this industry’s companies, computed from reported financial statements. Ratios are currency-free; money values are USD-normalized. These distributions describe how the industry is shaped — they are not a rating of it, and a company’s position inside them is not a forecast. Benchmark set computed 18 September 2026.
Connected Industries
Food Distribution
Distributes for
Industrial Distribution
Distributes for
Internet Retail
Distributes for
Fulfillment and last-mile delivery for e-commerce
Marine Shipping
Provides infrastructure for
Medical Distribution
Distributes for
Railroads
Provides infrastructure for
Trucking
Provides infrastructure for
Trucking provides first/last-mile capacity within logistics networks
Stocks
Antong Holdings Co. Ltd.
600179
Az-Com Maruwa Holdings Inc.
9090
Beijing Changjiu Logistics Co., Ltd.
603569
Bondex Supply Chain Management Co., Ltd.
603836
bpost SA/NV
BPOST
Cargojet Inc.
CJT
Ccs Supply Chain Management Co., Ltd.
600180
China Master Logistics Co., Ltd.
603967
C.H. Robinson Worldwide, Inc.
CHRW
CJ Logistics Corporation
000120
Cmst Development Co., Ltd.
600787
Cosco Shipping International Ltd.
F83
Cryoport Inc.
CYRX
CTS International Logistics Corporation Limited
603128
CTT - Correios de Portugal, S.A.
CTT
Delhivery Ltd.
DELHIVERY
DHL Group AG
DHL
DSV A/S
DSV
Eastern Air Logistics Co., Ltd.
601156
Expeditors International of Washington, Inc.
EXPD
Far Eastern Shipping Co. PLC
FESH
FedEx Corporation
FDX
Forward Air Corporation
FWRD
Gateway Distriparks Limited
GATEWAY
Grindrod Limited
GND
Guangdong Jushen Logistics Co., Ltd.
001202
Guangdong Prolto Supply Chain Management Co., Ltd.
002769
Guangzhou Jiacheng International Logistics Co., Ltd.
603535
Gulf Warehousing Company Q.P.S.C.
GWCS
GXO Logistics Inc.
GXO
Hamakyorex Co., Ltd.
9037
Henan Xinning Modern Logistics Co., Ltd.
300013
Hichain Logistics Co., Ltd.
300873
Hidrovias do Brasil S.A.
HBSA3
Hpf Co. Ltd.
300350
Huaihe Energy Group Co., Ltd.
600575
Hubei Three Gorges Tourism Group Co., Ltd.
002627
Hub Group Inc.
HUBG
Hyundai Glovis Co., Ltd.
086280
Japan Transcity Corporation
9310
J.B. Hunt Transport Services, Inc.
JBHT
Jiangsu Feiliks International Logistics Inc.
300240
Jiayou International Logistics Co., Ltd.
603871
JSL S.A.
JSLG3
Kerry Logistics Network Limited
0636
KRS Corporation
9369
Kuehne + Nagel International AG
KNIN
Landstar System Inc.
LSTR
LC Logistics Inc.
2490
Logista Integral, S.A.
LOG
Logistics Development Group PLC
LDG
Mahindra Logistics Ltd.
MAHLOG
Milkyway Intelligent Equipment Co., Ltd.
603713
Mitsui-Soko Holdings Co., Ltd.
9302
Orient International Enterprise Ltd.
600278
Pasifik Eurasia Lojistik Dış Ticaret A.Ş.
PASEU
Pitney Bowes Inc.
PBI
Posti Group Oyj
POSTI
PostNL N.V.
PNL
Prosegur Cash, S.A.
CASH
Radiant Logistics, Inc.
RLGT
Reysaş Ticaret A.Ş.
RYSAS
San Yang Ma Chongqing Logistics Co., Ltd.
001317
SBS Holdings, Inc.
2384
Scgjwd Logistics Public Company Limited
SJWD
Sebang Co., Ltd.
004360
Sequoia Logística e Transportes S.A.
SEQL3
S.F. Holding Co., Ltd.
002352
SF Holding Co. Ltd.
6936
Shadowfax Technologies Ltd
SHADOWFAX
Shanghai Shine-Link International Logistics Co., Ltd.
603648
Shanghai Zhonggu Logistics Co., Ltd.
603565
Shenzhen Easttop Supply Chain Management Co., Ltd.
002889
Sinotrans Limited
601598
Sto Express Co., Ltd.
002468
Sumitomo Warehouse Co., Ltd.
9303
T3EX Global Holdings Corp.
2636
TVS Supply Chain Solutions Limited
TVSSCS
United Parcel Service, Inc.
UPS
Xiamen Xiangyu Co., Ltd.
600057
Yongtaiyun Chemical Logistics Co., Ltd.
001228
YTO Express Group Co., Ltd.
600233
Yud Yangtze River Investment Co. Ltd.
600119
Yunda Holding Group Co., Ltd.
002120
ZTO Express (Cayman) Inc.
2057