DHL is the world's most dominant logistics firm -report
DHL is the world’s most dominant logistics company, according to a recently released report by global logistics research firm Transport Intelligence (TI).
TI’s Global Contract Logistics 2013 report reveals that DHL controls 8% of the overall market with revenues of €13billion ($17b) in 2012. The figure was substantially higher than the €3.9bn ($5.1b) revenues of second placed CEVA.
The report also revealed that the top ten players only held a combined market share of 22% of a sector worth €159.35bn ($208b) in 2012, allowing a scope for consolidation through mergers and acquisitions. It also cited Russian Railways’ €800m ($1.04b) acquisition of GEFCO in 2012 as an example that opportunities existed for companies looking to enter the market.
The report forecasted that the Asia Pacific would become the largest contract logistics market by 2016. It noted that, with the exception of DHL, it was regional providers who were dominating in the area.
Cathy Roberson, the report's author, was quoted on the Transport Intelligence website as saying: "Despite a slowdown in market growth over the past two years, there are certainly opportunities for companies to develop market share, if they adopt the right strategy. For some providers, that will mean enhancing their service levels for certain vertical sectors and for others it will mean following a carefully crafted acquisition strategy in new geographies. However, with the global economy in the balance, it is now more important than ever to get the strategy right."
For more information on the report, visit: www.transportintelligence.com