Market Capital of Top 10 Logistic Companies Jumps by 83% to Over $2tn Amid COVID-19

A recent report has shown that the cumulative market capitalisation of leading ten logistics firms grew by 83.27 percent from the year to date.

According to the report, the total market value of leading logistics companies rose to a combined $2.25 trillion.

This is up from $1.23 trillion posted on January 1st by the ten companies, representing an increase of $1.02 trillion in eight months.

A break down of the report showed Japan-based SG Holding recorded the highest market capitalisation at $1.56 trillion as of August 24th, a 100.05 percent increment from $781.3 billion posted on January 1st, 2020.

Further breakdown of the report showed Japan-based SG Holding had the highest market capitalisation at $1.56 trillion as of August 24th, a 100.05 percent increase from the $781.3 billion posted on January 1st, 2020.

XPO Logistics posted the least market value at $7.85 billion, representing a growth of 7.09 percent from January 1st.

According to the research report: “With most people staying at home, they turned on logistic companies for the delivery of essential supplies. When the pandemic broke out, stocks for logistic companies plunged. However, they later rebounded thanks to their role in home deliveries that were boosted with a surge in e-commerce. For example in China, when the government imposed lockdowns, only logistics and delivery companies were allowed to carry out the delivery. The strategic role the delivery companies played during the pandemic contributed immensely to the surge in market capitalization of the selected companies.“