In this article we are going to list the 15 largest transportation companies in the world. Click to skip ahead and jump to the 10 largest transportation companies in the world. The transportation industry, or the transportation sector, is one of the most important sectors in the world, and is absolutely crucial to the progression and improvement of the world, and includes various industries within. It is after all, an all encompassing industry which includes railways, airlines, shipping and even post. In a world which is completely global, transportation is the most important sector without which the transportation of goods and passengers would be impossible, and global trade would cease to exist as we know it.
To obtain an idea of how major a sector the transportation industry comprises of, just know that in 2019 it was worth around $6.1 trillion. The biggest global transportation services market was present in Western Europe, which had more than 30% of the total share of the market, while Asia-Pacific is not as far behind holding around 29% of the global transport services market. Meanwhile, Africa has by far the smallest share of the market, mainly because of a lack of infrastructure in most countries in the continent, because of which transportation is yet to properly flourish in the region. Another issue in Africa is the presence of militants and lawlessness plaguing many nations, which again affects the development of the countries.
The transportation industry is also being revolutionized by technology, which is adapting the latest improvements made in the industry, which includes artificial intelligence being used for driving, while car hailing apps such as Careem and Uber are worth billions of dollars. Traditional companies also need to catch up to ensure that they don’t use their market share, even though the largest transportation companies in the world earn revenues of tens of billion of dollars.
Covid-19 has impacted the world, and to prevent the spread of the virus, most nations across the world went into lockdown and global and international travel and transportation came to a complete halt unless for emergency purposes. Due to this, most industries were impact though few were hit as badly as the transportation industry, whose entire basis for existence was restricted by most countries. Because of this, the transportation industry is expected to lose more than $100 billion in the year 2020 and this loss may even be greater. To get an idea of how bad the situation actually is, you might want to take a look at the 10 busiest airports in 2019, which also shows the impact of Covid-19 in 2020 on airports.
If you take a look at the biggest companies in the transportation industry, you will note that there are a lot of airlines; namely the flagship carriers of some of the most developed countries in the world including three US airlines. When this list is made again in 2021, it is very likely that most of these airlines will not be in the list due to the devastating losses they’ve suffered, because of which they’ve faced losses up to $314 billion, though recovery is expected and the total value of the industry is expected to be around $7.5 trillion in 2023.
When we take a look at the largest transportation companies in the world, you will see companies at the top of their game, with total revenues crossing more than $1 trillion, while providing direct employment to more than two million people. The biggest company alone employs more than 920,000 people which shows the strength of the companies in our list. We have used Fortune Global 500 as our source and to prepare the ranking for the companies, we have used revenue, assets, profits and employees of the company as well. So let’s take a look at the companies who have mastered the art of transportation, starting with number 15:
15. East Japan Railway
Total revenue of the company in 2019 (in millions of dollars): 27,102
Total profits of the company in 2019 (in millions of dollars): 1,825
Total assets of the company in 2019 (in millions of dollars): 78,996
Total employees of the company in 2019: 85,114
Japan’s largest railway company is headquartered in Tokyo and was established in 1987.