Skip to content
Search AI Powered

Latest Stories

UPS holds top spot for most valuable logistics brand

Study from Brand Finance says logistics brands rode pandemic swell in consumer spending for goods over services.

brand UPS Screen Shot 2022-08-02 at 10.06.58 AM.png

UPS has held on to the top spot as the most valuable logistics brand in the world with a brand value of $38.5 billion, according to a report from the consulting firm Brand Finance.

In its annual report on the 25 most valuable brands in the logistics sector, UK-based Brand Finance found that Atlanta-based UPS had seen demand for its services increase during the pandemic, and that the company built global goodwill through its role in delivering covid vaccines in 110 countries. UPS also boosted its brand value through acquisitions, acquiring U.S. delivery platform Roadie in 2021 and building an innovation center in Singapore to serve as a research and development hub in the APAC region for digital transformation.


UPS was followed in the top rankings by FedEx Corp., Uber, Japan’s JR, and Germany’s DHL. The rest of the top 10 included Union Pacific, China’s SF Express and China Post, BNSF, and Germany’s Delivery Hero, the study found.

The logistics sector as a whole enjoyed a revival over the past year as many firms applied technological innovations and surfed a wave of demand during pandemic-induced restrictions as many consumers shifted their spending from services to goods, Brand Finance said. “The logistics industry has transformed during the pandemic to keep up with changing customer demands adeptly. With new partnerships and acquisitions across the board, the sector has achieved great performance and brand value growth,” David Haigh, Brand Finance’s chairman and CEO, said in a release.

Two examples of that trend were Delivery Hero and Just Eat Takeaway.com, which made their mark as the fastest growing logistics brands since the beginning of the pandemic.

Delivery Hero, with a brand value up 53% to $5.8 billion, grew in part through acquisitions, with ownership stakes in Hugo (a Salvadorean fintech and delivery app), Hungry (a Danish food delivery app), and Glovo (a Spanish food delivery app). And Just Eat Takeaway.com saw its brand value rise 53% to $4.5 billion after launching various international strategic partnerships following the merger of Just Eat and Takeaway.com, Brand Finance said.

 

The Latest

More Stories

Trucking industry experiences record-high congestion costs

Trucking industry experiences record-high congestion costs

Congestion on U.S. highways is costing the trucking industry big, according to research from the American Transportation Research Institute (ATRI), released today.

The group found that traffic congestion on U.S. highways added $108.8 billion in costs to the trucking industry in 2022, a record high. The information comes from ATRI’s Cost of Congestion study, which is part of the organization’s ongoing highway performance measurement research.

Keep ReadingShow less

Featured

From pingpong diplomacy to supply chain diplomacy?

There’s a photo from 1971 that John Kent, professor of supply chain management at the University of Arkansas, likes to show. It’s of a shaggy-haired 18-year-old named Glenn Cowan grinning at three-time world table tennis champion Zhuang Zedong, while holding a silk tapestry Zhuang had just given him. Cowan was a member of the U.S. table tennis team who participated in the 1971 World Table Tennis Championships in Nagoya, Japan. Story has it that one morning, he overslept and missed his bus to the tournament and had to hitch a ride with the Chinese national team and met and connected with Zhuang.

Cowan and Zhuang’s interaction led to an invitation for the U.S. team to visit China. At the time, the two countries were just beginning to emerge from a 20-year period of decidedly frosty relations, strict travel bans, and trade restrictions. The highly publicized trip signaled a willingness on both sides to renew relations and launched the term “pingpong diplomacy.”

Keep ReadingShow less
forklift driving through warehouse

Hyster-Yale to expand domestic manufacturing

Hyster-Yale Materials Handling today announced its plans to fulfill the domestic manufacturing requirements of the Build America, Buy America (BABA) Act for certain portions of its lineup of forklift trucks and container handling equipment.

That means the Greenville, North Carolina-based company now plans to expand its existing American manufacturing with a targeted set of high-capacity models, including electric options, that align with the needs of infrastructure projects subject to BABA requirements. The company’s plans include determining the optimal production location in the United States, strategically expanding sourcing agreements to meet local material requirements, and further developing electric power options for high-capacity equipment.

Keep ReadingShow less
map of truck routes in US

California moves a step closer to requiring EV sales only by 2035

Federal regulators today gave California a green light to tackle the remaining steps to finalize its plan to gradually shift new car sales in the state by 2035 to only zero-emissions models — meaning battery-electric, hydrogen fuel cell, and plug-in hybrid cars — known as the Advanced Clean Cars II Rule.

In a separate move, the U.S. Environmental Protection Agency (EPA) also gave its approval for the state to advance its Heavy-Duty Omnibus Rule, which is crafted to significantly reduce smog-forming nitrogen oxide (NOx) emissions from new heavy-duty, diesel-powered trucks.

Keep ReadingShow less
screenshots for starboard trade software

Canadian startup gains $5.5 million for AI-based global trade platform

A Canadian startup that provides AI-powered logistics solutions has gained $5.5 million in seed funding to support its concept of creating a digital platform for global trade, according to Toronto-based Starboard.

The round was led by Eclipse, with participation from previous backers Garuda Ventures and Everywhere Ventures. The firm says it will use its new backing to expand its engineering team in Toronto and accelerate its AI-driven product development to simplify supply chain complexities.

Keep ReadingShow less