15 World’s Biggest Courier Companies 2023

 15 World’s Biggest Courier Companies in 2023

15 World’s Biggest Courier Companies– According to the annual report of the company in 2023, there are 15 World’s biggest courier companies. Of course, these companies have billions of assets and millions of incomes in 2023. In the year of 2023, after the pandemic of Covid-19 influenced the business of courier companies and global instability of economic causes of conflict between Israel and Palestine. Meanwhile, the challenge in 2023 was the global recession in some countries, which can affect the global expedition and courier company.

A courier is a company which delivers mail and packages from one place or person to another place or person in a distant area. With this company, the distribution of goods can be done more efficiently in several days. It can help the company, people, or their customers to transmit their goods fast. Maybe, as humans, we used their service to help deliver our mail, goods, or packages.

In 2023, with the challenge of global economic instability, the courier and delivery company have some different obstacles with the effect of the slowdown of the global economy. Some of them still can get a positive result but some of them have negative effects because of decreasing their business revenue. Here is the rank of 15 world’s biggest courier companies based on net income in 2023. This data of each company is obtained from Annual Report in 2023.

The Rank of 15 World’s Biggest Courier Companies Based on Net Income in 2023

Rank	Name of Company	Revenue	Revenue	Net Income	Net Income
		Origin Currency	US Dollar	Origin Currency	US Dollar
1	UPS	USD 90.9 billion	USD 90.9 billion	USD 6.7 billion	USD 6.7 billion
2	Deutsche Post-DHL	EUR 81.7 billion	USD 90.6 billion	EUR 3.9 billion	USD 4.3 billion
3	Fedex Corporation	USD 87.6 billion	USD 87.6 billion	USD 4.3 billion	USD 4.3 billion
4	Poste Italiane	EUR 11.1 billion	USD 12.3 billion	EUR 1.38 billion	USD 1.53 billion
5	ZTO Express	USD 5.4 billion	USD 5.4 billion	USD 1.2 billion	USD 1.2 billion
6	SF Express	RMB 258 billion	USD 41.2 billion	RMB 7.1 billion	USD 1.1 billion
7	TFI international	USD 7.5 billion	USD 7.5 billion	USS 0.50 billion	USS 0.50 billion
8	Austrian Post	EUR 2.7 billion	USD 2.9 billion	EUR 0.138 billion	USD 0.15 billion
9	International Distribution Services	GBP 12.6 billion	USD 16.3 billion	GBP 0.054 million	USD 0.07 billion
10	PostNL	EUR 3.1 billion	USD 3.4 billion	EUR 0.056 billion	USD 0.06 billion
11	Japan Post	JPY 3,323 billion	USD 21 billion	JPY 7,270 million	USD 0.047 billion
12	Blue Dart	533,967 Lakhs	USD 0.69 billion	28,864 Lakhs	USD 0.03 billion
13	Gati	170 thousand Lakhs	USD 0.22 billion	612 Lakhs	USD 0.0008 billion
14	Delhivery	INR 85.9 billion	USD 1.1 billion	(INR -2.4 billion)	(USD -0.03 billion)
15	Australia Post	USD 8.9 billion	USD 8.9 billion	USD -0.2 billion	USD -0.2 billion
16	Canada Post	CAD 9.7 billion	USD 6.9 billion	(CAD -0.637 billion)	(USD -0.48 billion)
17	Schenker AG	EUR 45.1 billion	USD 50 billion	(EUR -2.3 billion)	(USD -2.5 billion)
18	Delhivery	INR 85.9 billion	USD 1.1 billion	(INR -2.4 billion)	(USD -0.03 billion)
Source: Annual Report, 2023
Currency Rate:
1 Euro (EUR) = 1.13 US Dollar (USD)
1 Canadian Dollar (CAD) = 0.72 US Dollar (USD)
1 Poundsterling (GBP) = 1.30 US Dollar (USD)
1 Yuan Renminbi (RMB) = 0.16 US Dollar
1 Indian Rupee (INR) = 0.013 US Dollar (USD)
1 Lakhs = 100,000 INR
1 Japanese Yen (JPY) = 0,0066 US Dollar (USD)

 

The table above shows the financial business performance of courier companies according to the annual report of the company in 2023. We also published the recorded data of revenue and net income in the year 2023. As additional data, there are 15 World’s Biggest Courier Companies Based on total assets in 2023. This data is obtained from the Balance Sheet, Annual Report of each company in 2023.

The Rank of 15 World’s Biggest Courier Companies Based on Total Assets in 2023

Rank	Name of Company	Total Assets	Total Assets	Total Liabilities	Total Liabilities
		Origin Currency	US Dollar	Origin Currency	US Dollar
1	Poste Italiane	EUR 110 billion	USD 122 billion	EUR 104 billion	USD 115 billion
2	Schenker AG	EUR 77.4 billion	USD 86 billion	EUR 65.2 billion	USD 72.3 billion
3	Fedex Corporation	USD 87 billion	USD 87 billion	USD 47.7 billion	USD 47.7 billion
4	Deutsche Post-DHL	EUR 66.8 billion	USD 74.1 billion	EUR 43.9 billion	USD 48.7 billion
5	UPS	USD 70.8 billion	USD 70.8 billion	USD 53.5 billion	USD 53.5 billion
6	S.F. Express	RMB 221 billion	USD 35.3 billion	RMB 128 billion	USD 20.4 billion
7	Japan Post Group	JPY 4,754 billion	USD 31 billion	JPY 3,983 billion	USD 26 billion
8	ZTO Express	USD 12.4 billion	USD 12.4 billion	USD 3.9 billion	USD 3.9 billion
9	International Distribution Services	GBP 8.9 billion	USD 11.5 billion	GBP 5.4 billion	USD 7 billion
10	Canada Post	CAD 12.5 billion	USD 9 billion	CAD 7.9 billion	USD 5.6 billion
11	Australia Post	USD 6.3 billion	USD 6.3 billion	USD 4 billion	USD 4 billion
12	Austrian Post	EUR 5.6 billion	USD 6.2 billion	EUR 3.9 billion	USD 4.3 billion
13	TFI international	USD 6.2 billion	USD 6.2 billion	USD 3.6 billion	USD 3.6 billion
14	PostNL	EUR 2.1 billion	USD 2.3 billion	EUR 2 billion	USD 2.2 billion
15	Delhivery	INR 114 billion	USD 1.4 billion	INR 23 billion	USD 0.29 billion
16	Blue Dart	257 thousand Lakhs	USD 0.33 billion	97 thousand Lakhs	USD 0.12 billion
17	Gati	132 thousand Lakhs	USD 0.17 billion	62 thousand Lakhs	USD 0.080 billion
Source: Annual Report, 2023
Currency Rate:
1 Euro (EUR) = 1.13 US Dollar (USD)
1 Canadian Dollar (CAD) = 0.72 US Dollar (USD)
1 Poundsterling (GBP) = 1.30 US Dollar (USD)
1 Yuan Renminbi (RMB) = 0.16 US Dollar
1 Indian Rupee (INR) = 0.013 US Dollar (USD)
1 Lakhs = 100,000 INR
1 Japanese Yen (JPY) = 0,0066 US Dollar (USD)

 

 

Brief Description of 15 World’s Largest Courier Companies in 2023

 

 

1. FedEx Corporation           

FedEx Corporation ("FedEx") was founded in Delaware on October 2, 1997, with headquarters in Memphis, Tennessee, USA. Historically, it all began with Frederick W. Smith as a founder of this corporation. As a delivery company, FedEx offers a wide range of transportation, e-commerce, and commercial services under the FedEx name. These organizations fall under the following reportable business segments: FedEx Express, FedEx Ground, and FedEx Freight. As of business development in 2023, Federal Express employed approximately 430,000 employees and had approximately 64,000 drop-off locations, nearly 700 aircraft, and over 175,000 motorized vehicles in its global network. Federal Express contracts with approximately 6,000 independent small businesses to cooperate and partner in certain linehaul and pickup-and-delivery operations. Financially, in 2023, the corporation gained revenue of USD 87.6 billion and USD 4.3 billion in net income.

 

 

2. Deutsche post-DHL

Established in San Francisco, United States. Deutsche Post DHL began its operations on September 25, 1969, and along with the business development and advancement, DHL offers services such as letter and package delivery, fast delivery, freight transport, supply chain management, and e-commerce solutions. This company consists of five operational divisions: Post Parcel Germany, Express, Global Forwarding, Freight, Supply Chain, and eCommerce Solutions. Deutsche Post began acquiring DHL shares in 1998, and by 2001, it had complete control of the company. Now, Deutsche-DHL has its headquarters in Bonn, Germany.  Along with business development, DHL has employed 594 thousand people and has a presence in over 220 countries and regions serving around 3 million customers. Furthermore, DHL also has 115 thousand service points and 3,800 facilities. Financially, in 2023, the Deutsche post-DHL generated 81.7 billion Euro (equivalent to USD 90.6 billion) in revenue and 3.9 billion Euro (equivalent to USD 4.3 billion) in net income.

 

 

3. UPS

United Parcel Service is an American international package transportation and supply chain management corporation founded on August 28, 1907, in Seattle, Washington, by James Casey and Claude Ryan. To date, operationally, UPS still has headquartered in Atlanta, Georgia. Along with the expansion of the business, this company provides various services, such as delivery express, freight forwarding, and logistics services. Operating in more than 200 countries and territories, In 2023, UPS delivered an average of 22.3 million packages per day, totaling 5.7 billion packages during the year. Financially, UPS's revenue in 2023 reached USD 90.9 billion, with a net income of 6.7 billion.

 

 

4. S.F Express            

SF Express (Group) Co., Ltd. is a transnational Chinese delivery and logistics firm, with headquarters located in Shenzhen, Guangdong. Wang Wei started the firm in 1993. Along with the advancement of its business, this corporation can provide various business services to over 135 thousand employees.  As of business development, S.F. Express served the International Parcel Service Network in Covering more than 200 countries and regions around the world. In Domestics, S.F. Express has a service network covering 34 provinces, cities and districts in China (including Hong Kong, Macao and Taiwan). Based on its 2023 business performance, the S.F. Express generates revenue of 258 billion Yuan, or equivalent to USD 41.2 billion, and net income of 7.1 billion Yuan, or equivalent to USD 1.1 billion.

 

 

 

5. International Distribution Services

International Distribution Services consist of two courier and logistic companies, namely Royal Mail and Parcelforce Worldwide (Royal Mail) and General Logistics Systems (GLS). In addition to business development, this organization now offers a variety of services such as letter post, parcel service, EMS, delivery, freight forwarding, and third-party logistics. In 2023, International Distribution Services 's performance was positive, with revenue of 12.6 billion Pound sterling, or equivalent to 16.3 billion US dollars, and net income of 54 million Pound sterling, or comparable to USD 70 million. 

 

 

6. ZTO Express        

  

ZTO Express is a Chinese transportation and logistics firm. Historically, Meisong Lai created the company in 2002 and this company still has its headquarters in Shanghai, China. Financially, ZTO Express's performance has been strong, with revenue of USD 5.4 billion and net income of USD 1.2 billion.

 

7. Poste Italiane       

Poste Italiane S.p.A. is an Italian delivery and postal service headquartered at 190 Viale Europa, Rome, Italy. Overall, the corporation employs over 125 thousand workers. In 2023, the Italian-based firm performed well, with revenue of 11.1 billion Euro or equivalent to 12.3 billion US dollars) and net income of 1.38 billion Euro or equivalent to 1.53 billion US dollars.

 

 

8. TFI international  

TFI International Inc. is a Canadian delivery company headquartered in Saint-Laurent, Quebec, and was formed in 1957 by the Emond brothers. Along with business growth, this organization operates 366 sites in Canada, the United States, and Mexico. TFI International's financial performance was favorable, with revenue of USD 7.5 billion and net income of USD 500 million.

 

 

9. Australia Post       

Australia Post, formerly known as the Australian mail Corporation, is a government-owned company that provides mail and delivery services in Australia. Officially, Australia Post's headquarters are located on Bourke Street in Melbourne. Historically, this corporation was established on July 1, 1975. Along with the expansion of its operations, the corporation now has 4.3 thousand stores and employs 27 thousand workers. Financially, Australia Post's performance in 2023 was quite negative, with revenue of 8.9 billion US dollars but suffered a net loss of USD -0.2 million.

 

 

10. PostNL    

PostNL, previously TNT N.V., is a delivery company that operates in many countries, namely the Netherlands, Germany, Italy, Belgium, and the United Kingdom. Historically, this firm was created in June 1998 and is headquartered in Hague, Netherlands. Based on the business performance in 2023, PostNL has delivered 344 million items of parcels and 1,884 of mail in the Netherlands.  Financially,  PostNL performed negatively, with revenue of 3.1 billion Euros or equivalent to USD 3.4 billion but suffered net losses of around -56 million Euros or equivalent to -60 million US dollars. 

 

 

11. Austrian Post

Austrian Post (Österreichische Post) is the courier firm from Vienna, Austria. Since its founding in 1999, the firm has employed 20,000 people as of 2017. Austrian Post's performance in 2023 is favorable, with revenue of 2.7 billion Euro or 2.9 billion US Dollar and net income of 138 million Euro or 150 million US Dollar. 

 

 

12. Gati         

Gati Ltd. is an Indian courier firm headquartered in Hyderabad, Telangana. Historically, this firm was established in 1989. In 202, Allcargo Logistics bought Gati. Financially, Gati had a positive performance in 2023, with revenue of 170 thousand lakhs, or 220 million US dollars, and gained a net income of 612  lakhs, or 0.8 million US dollars.

 

 

13. Canada Post       

Canada Post Corporation is a delivery company created on July 1, 1867. Officially, this corporation has a primary headquarters on Riverside Drive in Ottawa, Ontario, and employs 72 thousand people. Financially, in 2023, Canada Post had sales of 9.7 billion CAD, or 6.9 billion US dollars, and a net loss of -637 million CAD, or -48 million US dollars.

 

 

14. Schenker AG       

DB Schenker is a division of Deutsche Bahn AG that focuses on logistics. Historically, Deutsche Bahn purchased the firm in 2002. Essentially, the corporation is separated into many departments that handle land, sea, and air transportation, as well as contract logistics. As of 2023, DB Schenker has 725 warehouses across the nations and employs 72 thousand people.  Schenker AG had a negative performance in 2023, with revenue of 45.1 billion Euro, or 50 billion US Dollar, and a net loss of -2.3 billion Euro, or equivalent to -2.5 billion US Dollar.

 

 

15 Japan Post

Japan Post started the postal business in 1871 and is still a subsidiary company of the holding company of Japan Post Group. To date, Japan Post provides some delivery business including postal and domestic and international logistics business, post office business. In Japan, this company still holds 173, 935 numbers of post boxes and delivers to around 150 countries. Furthermore, Japan Post still managed 24,700 post offices throughout Japan.  Financially, Japan Post generated revenue of JPY 3,323 billion or equivalent with USD 21 billion and successfully gained net income of JPY 7,270 million or equivalent with USD 0.047 billion.

 

 

16. Blue Dart

Blue Dart Express is an Indian logistics company which is headquartered in Mumbai, Maharashtra, India.  Historically, this company was founded in November 1983 by Tushar Jani, Clyde Cooper, and Khushroo Dubash. Based on the business ownership, Blue Dart has become a subsidiary company of DHL since 2004 with an investment cost of €120 million and still owns 81.03% of total shares. Financially, in 2023, the Blue Dart successfully gained revenue of 533,967 Lakhs or equivalent with USD 0.69 billion and net income of 28,864 Lakhs/ USD 0.03 billion.

 

 

17. Delhivery

Delhivery is Indian logistic-basec company founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati. Operationally, Delhivery still has a main office in Gurgaon, Haryana, India. To date, as of 2023, Delhivery can deliver in numbers 740 million express parcels and 4.8 million tons of par-truckload freight.  Furthermore, this company also has 33,200 active customers. Financially, in 2023, Delhivery gained revenue of INR 85.9 billion or equivalent with USD 1.1 billion but Delhivery suffered net loss of (INR -2.4 billion) or equivalent with (USD -0.03 billion).

 

The Summay of 15 World's Biggest Courier Companies in 2023 Based on Total Assets

 

Bibliography of 15 World’s Largest Courier Companies in 2023

 

Fedex Corporation. 2024. Annual Report 2023. Accessed via https://investors.fedex.com/financial-information/annual-reports/ on October 10^th, 2024.

Deutsche Post-DHL. 2024. Annual Report 2023. Accessed via https://www.dpdhl.com/en/investors/ir-download-center.html on November 10^th, 2024.

UPS. 2024. Annual Report 2023. Accessed via https://investors.ups.com/company-profile/annual-reports on October 10^th, 2024.

S.F Express. 2024. Annual Report 2023. Accessed via https://www.sf-express.com/cn/sc/download/20210318-IR-RE1-2020.PDF   on October 10^th, 2024.

Royal Mail. 2024. Annual Report 2024. Accessed via https://www.royalmailgroup.com/en/investors/  on October 10^th, 2024.

ZTO Express. 2024. Annual Report 2023. Accessed via https://zto.investorroom.com/annual-reports  on October 10^th, 2024.

Poste Italiane. 2024. Annual Report 2023. Accessed via https://www.posteitaliane.it/en/financial-statements-and-reports.html#/  on October 10^th, 2024.

TFI international. 2024. Annual Report 2023. Accessed via https://tfiintl.com/en/presentations-and-reports/  on October 10^th, 2024.

Australia Post. 2024. Annual Report 2023. Accessed via https://auspost.com.au/about-us/news-media/publications   on October 10^th, 2024.

PostNL. 2024. Annual Report 2023. Accessed via https://www.postnl.nl/en/about-postnl/investors/annual-reports/   on October 10^th, 2024.

Austrian Post. 2024. Annual Report 2023. Accessed via https://www.post.at/en/ir/c/annual-reports  on October 10^th, 2024.

Gati. 2024. Annual Report 2023. Accessed via https://www.gati.com/investor-relations/annual-report/  on October 10^th, 2024.

Canada Post. 2024. Annual Report 2023. Accessed via https://www.canadapost-postescanada.ca/cpc/en/our-company/about-us/financial-reports.page on October 10^th, 2024.

Schenker AG. 2024. Annual Report 2023. Accessed via https://www.dbschenker.com/global/about/press/integrated-report  on October 10^th, 2024.

Delhivery. 2024. Annual Report 2023. Accessed via https://www.delhivery.com/company/investor-relations on October 10th, 2024.

Blue Dart. 2024. Annual Report 2023. Accessed via https://www.bluedart.com/financials  on October 10th, 2024.

Japan Post. 2024. Annual Report 2023. Accessed via https://www.japanpost.jp/en/ir/library/disclosure/ on October 10th, 2024.