Supply Chain Research Companion · Part II
100 companies, 848 moves
Every company profiled in the companion, with the defining moves it is analysed through.
100 of 100
- A.P. Moller-Maersk9 moves · 1904–2025
The Copenhagen-based container group, founded as a Danish tramp-shipping company in 1904, that became the world's largest container carrier by buying the international business of the American container pioneer Sea-Land (1999) and P&O Nedlloyd (2005), ordered the 18,000 TEU Triple-E ships (2011), and from 2016 tried to trade the carrier's boom-and-bust for the steadier contracts of an "integrated
- Adani Ports and SEZ9 moves · 1998–2025
The Ahmedabad port operator, controlled by Gautam Adani's family, that grew from a single captive jetty at Mundra on the Gulf of Kutch in 1998 into India's largest private port company — 500.8 million tonnes (MMT) of cargo in FY2026 (year to 31 March 2026, +11%), ~19 ports and terminals (15 in India and 4 abroad, reported) and a logistics, rail, warehousing and marine-services arm — and the first
- Amazon Logistics (Amazon's fulfilment, transport and delivery network)9 moves · 2006–2023
The private logistics network of Amazon.com, Inc. — fulfilment centres, sortation centres, delivery stations, a contracted van fleet run by Delivery Service Partners, an airline (Amazon Air) and a robot fleet that passed one million units in July 2025 — built first to serve Amazon's own store and then sold to outside merchants as a service (Fulfillment by Amazon from 2006, Supply Chain by Amazon a
- Americanas9 moves · 1929–2026
One of Brazil's oldest and largest retailers — founded in Niterói in 1929 by a group of Americans (hence the name, reported), controlled from 1982 by the Banco Garantia partners Jorge Paulo Lemann, Marcel Telles and Carlos Alberto (Beto) Sicupira, the investors who went on to found 3G Capital in New York and to buy Anheuser-Busch, Burger King and, with Berkshire Hathaway, Heinz and Kraft — that co
- Apple Supply Chain8 moves · 1998–2025
The Cupertino, California device maker that owns almost none of the factories that build its products but controls them more tightly than most manufacturers control their own. Apple turned a near-bankrupt hardware company of 1997 into one with ~$479bn of revenue in fiscal 2026 (year to 26 September 2026, company 8-K) largely through a supply-chain model Tim Cook began building when he joined as he
- Atlas Air Worldwide9 moves · 1992–2023
The Purchase, New York-based operator of the world's largest fleet of widebody freighters (~113 aircraft including ~60 Boeing 747s, company, April 2026), which does not mainly sell air cargo space to shippers but sells capacity — aircraft, crew, maintenance and insurance (ACMI) by the block hour — to integrators (DHL), e-commerce platforms (Amazon), airlines, forwarders and the US military, plus c
- Aurora Innovation9 moves · 2017–2026
The Pittsburgh autonomous-driving company founded in 2017 by Chris Urmson, Sterling Anderson and Drew Bagnell, which bought Uber's self-driving unit (Uber ATG) in Dec 2020, listed on Nasdaq through a SPAC in Nov 2021, bet the company on trucks before robotaxis, and on 1 May 2025 began the first driverless commercial freight service on a US interstate, between Dallas and Houston, hauling for Uber F
- AutoStore8 moves · 1996–2023
The Norwegian maker of cube storage — aluminium grids in which storage bins are stacked in columns and battery-powered robots on top dig out the bin a picker needs and deliver it to a "port" — founded in 1996 (some sources 1995) inside Jakob Hatteland's Hatteland group on Norway's west coast, which chose to sell a standard product through integrators rather than design custom warehouses. Its US st
- Blue Yonder9 moves · 1985–2024
The supply-chain planning and execution software company that began as JDA Software (formed in 1985 by James D. Armstrong and Frederick Pakis, later based in Scottsdale, Arizona), grew by buying most of the planning pioneers of the 1990s — Manugistics (2006, ~$211m) and i2 Technologies (completed Jan 2010) — merged with the warehouse-software firm RedPrairie in New Mountain Capital's ~$1.9bn take-
- BNSF Railway8 moves · 1989–2026
The Fort Worth, Texas, railroad formed when Burlington Northern and the Atchison, Topeka and Santa Fe combined in 1995, owned outright by Berkshire Hathaway since February 2010, and the largest intermodal railroad in North America — the line-haul half of the J.B. Hunt partnership that Santa Fe signed in 1989. It runs ~32,500 route miles in 28 western, midwestern and southern states (company) and e
- Boohoo (Debenhams Group)8 moves · 2006–2025
Boohoo, the Manchester online fashion group founded in 2006 by Mahmud Kamani and Carol Kane, which grew into one of Britain's largest e-commerce retailers by selling cheap, trend-led clothing made fast, much of it in small batches by UK suppliers around Leicester — and which since Mar 2025 has traded as Debenhams Group (ticker DEBS from 31 Mar 2025; the legal name boohoo group plc stayed after a n
- C.H. Robinson9 moves · 1905–2026
C.H. Robinson Worldwide, the Eden Prairie, Minnesota–based freight intermediary that began as a produce-trading business in Grand Forks, North Dakota, in 1905 and became the largest freight broker in North America and one of the larger global forwarders, without owning trucks, ships or planes. It books gross revenue that is mostly the carriers' money (~$16.2bn in 2025; ~$5.36bn in Q3 2026 alone) a
- C2FO7 moves · 2008–2026
C2FO, the Kansas City-area (Leawood, Kansas) working-capital platform founded in 2008 by Sandy Kemper (verify founder details) that runs a marketplace for early payment: a large buyer posts its approved invoices, its suppliers bid the discount at which they would accept payment before the due date, and the buyer — or, increasingly, C2FO's funding partners — pays the winning bids. Venture-backed an
- Cainiao8 moves · 2013–2025
Alibaba's logistics arm, set up in Shenzhen in May 2013 as the China Smart Logistics Network (Cainiao, "rookie bird") with department-store, conglomerate and courier partners, that began as a data platform orchestrating other companies' trucks, depots and couriers rather than owning a delivery network — and drifted, over a decade, towards owning warehouses, sorting centres, pickup stations and glo
- Canadian Pacific Kansas City (CPKC)8 moves · 2012–2025
Canadian Pacific Kansas City, the Calgary-headquartered Class I railroad formed when Canadian Pacific took control of Kansas City Southern on 14 Apr 2023, a month after the US Surface Transportation Board approved the combination (decision dated 14 Mar, served 15 Mar 2023, 4–1). It is the only railroad with a single line running through Canada, the US Midwest, Texas and Mexico — from Vancouver and
- CMA CGM8 moves · 1978–2025
The Marseille-based, Saadé-family-controlled container carrier that Jacques Saadé started in 1978 with one chartered ship, which grew by buying the French state line CGM (1996), Singapore's NOL and its American President Lines (APL) brand (2016), and then turned the 2021–22 windfall into the world's broadest carrier conglomerate: the third-largest container line (behind MSC and Maersk, reported),
- Convoy8 moves · 2015–2023
Convoy, the Seattle digital freight broker founded in 2015 by two former Amazon employees, Dan Lewis and Grant Goodale, which raised more than $1bn (PitchBook via Bloomberg, reported) from venture firms, public-market growth investors and well-known individuals including Jeff Bezos and Bill Gates (reported), was valued at a reported ~$3.8bn in April 2022, and stopped operating on 19 Oct 2023, eigh
- COSCO Shipping10 moves · 1961–2025
China's state-owned shipping champion. China Ocean Shipping Company (COSCO) was founded in Beijing on 27 Apr 1961. It merged with China Shipping Group into China COSCO Shipping Corporation (formally established 18 Feb 2016, Shanghai) and bought Hong Kong's Orient Overseas (OOCL) for HK$78.67 a share in cash (~$6.3bn), an offer launched in Jul 2017 and closed in 2018. That made it the world's fourt
- Costco Wholesale8 moves · 1983–2025
The Issaquah, Washington warehouse club, founded in Seattle in 1983 and merged with the club format's inventor, Price Club, in 1993, that runs the simplest supply chain in large-scale retail: ~4,000 active SKUs (company figure) against tens of thousands in a supercentre, goods moved on full pallets through cross-dock depots to warehouses where the pallet is the display, a capped markup (~14% on br
- Coupa8 moves · 2006–2025
Coupa Software, the Silicon Valley procurement and "business spend management" (BSM) company founded in 2006 by Dave Stephens and Noah Eisner, both from Oracle (verify backgrounds), that sold large companies a cloud system for buying things — requisitions, purchase orders, supplier catalogues, invoices, expenses, payments, sourcing events, contracts and supplier risk — and later supply-chain desig
- Coupang8 moves · 2010–2025
South Korea's largest online retailer, run from a US holding company — Coupang, Inc., incorporated in Delaware and listed on the New York Stock Exchange (CPNG) since 11 March 2021 — that built its own fulfilment centres, sortation hubs and delivery workforce across Korea and promised next-day Rocket Delivery from 2014, long before the volume existed to pay for it. Founded in 2010 by Bom Kim, a Kor
- CSX8 moves · 1980–2025
The Jacksonville, Florida-based eastern US Class I railroad, formed on 1 Nov 1980 from Chessie System and Seaboard Coast Line Industries, enlarged by ~42% of Conrail in 1999 and Pan Am Railways in 2022, and best known as the railroad where Hunter Harrison imposed precision scheduled railroading in 2017, cutting its operating ratio from ~69% to ~60% within about two years (reported) while service c
- Delhivery8 moves · 2011–2025
India's largest independent e-commerce logistics company, founded in Gurgaon (now Gurugram) in 2011 by five young engineers and consultants, which built — with money from a roster of US and global investors (Tiger Global, Carlyle, SoftBank's Vision Fund, FedEx, Fidelity and others, reported) — a national network of sortation hubs, gateways, trucks and last-mile centres to carry parcels for marketp
- Dell Technologies9 moves · 1984–2024
The Round Rock, Texas computer maker that Michael Dell started as PC's Limited in a University of Texas dorm room in 1984 and turned into the textbook case of working capital as strategy: by selling direct, building each machine only after the customer had paid, and holding components for days rather than weeks, Dell ran a negative cash conversion cycle — about −36 to −37 days in fiscal 2003–05 on
- Descartes Systems8 moves · 1981–2025
The Descartes Systems Group, the Waterloo, Ontario-based logistics-software company (TSX: DSG; Nasdaq: DSGX) that runs one of the largest electronic networks for moving shipment, customs and trade data between shippers, carriers, forwarders, customs brokers and governments — and that sells more of that network to US companies than to anyone else. Its story turns on the factor the blueprint names f
- DHL Group9 moves · 2000–2025
The Bonn-based logistics group — the former German state post office, Deutsche Post, privatised and listed in November 2000 — that bought the San Francisco–founded express pioneer DHL between 1998 and 2002, added Danzas, AEI and the UK's Exel, and became the world's largest logistics company by most measures: the leader in international express (DHL Express), one of the two or three largest freigh
- DP World8 moves · 2005–2026
The Dubai government-owned port, free-zone and logistics group, formed in 2005 from the merger of Dubai Ports Authority and Dubai Ports International, that became a global terminal operator by buying Britain's P&O for ~£3.9bn (~$6.8bn) in 2006 — and that was immediately forced, by a revolt in the US Congress, to give up the six US ports where P&O ran terminals, selling them to AIG's asset-manageme
- DSV9 moves · 1976–2026
DSV A/S, the Danish freight forwarder and logistics group founded in 1976 by ten independent hauliers, which became one of the world's largest forwarders almost entirely by buying rivals and moving them onto its own systems — UTi Worldwide (2016), Panalpina (2019), Agility's Global Integrated Logistics (2021) and DB Schenker (closed 30 Apr 2025, ~€14.3bn enterprise value, reported). It reported 20
- Evergreen Marine9 moves · 1968–2023
The Taiwanese container line founded on 1 Sep 1968 by Chang Yung-fa with one second-hand ship (reported), which won US importers in the 1970s with fixed-day schedules and owned ships, launched two-way round-the-world services in 1984 (the year United States Lines tried a one-way version and went on to fail in 1986, reported), became one of the world's largest carriers, and has sailed in the Ocean
- Expeditors International8 moves · 1979–2025
Expeditors International of Washington, the Seattle-based, non-asset global freight forwarder and customs broker founded in 1979, which owns no ships, aircraft or trucks and has grown almost entirely organically for more than four decades. It reported revenue of ~$11.07bn and net earnings of ~$810m in 2025 (company release, 23 Feb 2026, via secondary summaries; verify against the 10-K), and ~$4.11
- FedEx9 moves · 1973–2026
The Memphis-based express and parcel carrier that Fred Smith launched on the night of 17 April 1973 with a hub-and-spoke air network and a promise of overnight delivery, and that grew by acquisition into a group of separate networks — FedEx Express (air), FedEx Ground (a contractor-run parcel network built on Roadway Package System, bought with Caliber in 1998), FedEx Freight (LTL, from American F
- Flexport10 moves · 2013–2026
Flexport, the San Francisco-based, venture-backed freight forwarder and customs broker that Ryan Petersen founded in 2013 to run international freight on software instead of email, spreadsheets and phone calls. It became the best-known "digital forwarder" in the world: a SoftBank-led $1bn round in 2019, a ~$935m Series E at a reported ~$8bn valuation in Feb 2022, a viral Twitter thread that change
- Forward Air9 moves · 1990–2025
The Greeneville, Tennessee-founded carrier (headquarters later moved to Dallas — verify the date) that built one of the best small businesses in US freight — expedited airport-to-airport less-than-truckload (LTL) trucking sold wholesale to freight forwarders, airlines and integrators — and then nearly destroyed it with one leveraged acquisition. For about three decades Forward Air ran a terminal n
- Foxconn (Hon Hai Precision Industry)9 moves · 1974–2024
The New Taipei, Taiwan contract manufacturer, founded by Terry Gou in 1974 as a maker of plastic knobs for television sets, that became the world's largest electronics manufacturing services (EMS) company by revenue by assembling other companies' products — above all Apple's iPhones, and from 2023–26 Nvidia-based AI servers — in campuses of hundreds of thousands of workers in China, and increasing
- Getir9 moves · 2015–2026
Getir ("bring" in Turkish), the Istanbul quick-commerce company founded in 2015 that delivered groceries in about ten minutes from urban "dark stores", raised billions of dollars in 2021–22 at a peak valuation of ~$11.8–12bn (Mar 2022, reported), expanded to the UK, continental Europe and the US (from late 2021, reported), bought Berlin's Gorillas (~$1.2bn in stock, closed Dec 2022, reported) and
- GXO Logistics9 moves · 2015–2025
GXO Logistics, the Greenwich, Connecticut–based contract-logistics company spun off from XPO on 2 Aug 2021, which runs warehouses, fulfilment centres and reverse-logistics sites for retailers, consumer brands, technology, food-and-beverage, aerospace and industrial customers in North America and Europe under multi-year contracts. It is the largest listed "pure-play" contract-logistics company (com
- H&M8 moves · 1947–2025
The Stockholm-based fashion group (H & M Hennes & Mauritz AB), founded by Erling Persson as Hennes in Västerås, Sweden in 1947 and still controlled by the Persson family, that became one of the world's largest fashion retailers (with Inditex and Fast Retailing) by building the opposite model to Inditex's: volume sourcing — large orders placed months ahead with independent suppliers mostly in Asia
- Hanjin Shipping8 moves · 1977–2017
South Korea's largest container line and the world's seventh-largest (~3% of global capacity, reported), founded in 1977 by the Hanjin Group's founder Cho Choong-hoon (whose group also owned Korean Air), which filed for court receivership in Seoul on 31 Aug 2016 and was declared bankrupt on 17 Feb 2017 — the largest container-line failure in history. In the weeks after the filing, ports and termin
- Hapag-Lloyd8 moves · 1970–2026
The Hamburg-based container line formed on 1 Sep 1970 from the merger of the Hamburg-Amerikanische Packetfahrt-Actien-Gesellschaft (HAPAG, 1847) and Norddeutscher Lloyd (Bremen, 1857), which passed through the travel group TUI (1997–2008), was rescued by a Hamburg-led consortium in 2008–09, and grew by merger with the container businesses of Chile's CSAV (2014) and the Gulf carrier UASC (2017) int
- Hershey8 moves · 1903–2025
The Hershey Company, of Hershey, Pennsylvania — the largest US chocolate and confectionery maker by most measures (company claim; Mars and Ferrero are private, so shares are estimates), founded by Milton S. Hershey in 1894 and controlled since 1918 by the Hershey Trust, which runs the Milton Hershey School and holds the majority of shareholder votes. It sells Hershey's, Reese's, Kisses, Kit Kat (U
- HMM9 moves · 1976–2025
South Korea's national container line — founded in Mar 1976 as Asia Merchant Marine by Hyundai's founder Chung Ju-yung, renamed Hyundai Merchant Marine in 1983 and HMM in 2020 — which nearly failed in the same 2016 downturn that killed its larger rival Hanjin Shipping, was taken over by its state creditors (the Korea Development Bank, KDB, became the largest shareholder in Aug 2016), and was then
- Home Depot9 moves · 1978–2025
The Atlanta home-improvement retailer, ~2,300+ warehouse stores in the US, Canada and Mexico and ~$160bn+ of annual sales (FY2024–FY2025, company, verify), whose supply-chain story is a shift from replenishing stores to delivering to the job site. Its founders' 1979 warehouse store used the store itself as the warehouse; its 2007–10 rapid-deployment-centre programme moved replenishment from vendor
- Hutchison Ports7 moves · 1969–2026
The ports division of Hong Kong's CK Hutchison Holdings (the Li Ka-shing family group) and one of the world's largest container-terminal operators: it grew from Hongkong International Terminals at Kwai Chung (founded 1969) into a network of ~50 ports in ~24 countries (company claim, verify), handling ~43.6m TEU in H1 2026 (−1% after losing Panama) with ports EBITDA of ~HK$9.0bn (+4.4%) (CK Hutchis
- IKEA9 moves · 1956–2022
The Swedish home-furnishing system that Ingvar Kamprad founded in 1943 and turned into the world's largest furniture retailer (~€44.6bn of total IKEA retail sales in FY2025, the year to 31 August 2025, reported) by designing the product for the supply chain: flat-pack furniture (from 1956) that ships and stores at a fraction of the volume of assembled furniture, customers who pick, carry and assem
- Inditex8 moves · 1975–2024
The A Coruña, Spain group behind Zara, founded by Amancio Ortega (first Zara store 1975; holding company Industria de Diseño Textil, 1985), that became the world's largest fashion retailer by revenue (fiscal 2025 sales €39.864bn, net profit €6.22bn, gross margin 58.3%, year to 31 January 2026, reported) by treating speed and small batches as inventory insurance: design in-house, produce a large sh
- InPost8 moves · 2009–2026
The Polish parcel company, founded in 1999 by Rafał Brzoska, that turned the automated parcel locker — the Paczkomat — into the default way Poles receive online orders, then exported the model to France and Benelux (Mondial Relay, 2021), Iberia, Italy and the UK (Yodel, Apr 2025). It delivered ~1,364.8m parcels in 2025 (+25%) on revenue of ~PLN 14.7bn (+34%) with >61,000 lockers (company, Jan–Mar
- J.B. Hunt Transport Services9 moves · 1961–2025
The Lowell, Arkansas, transportation company that Johnnie Bryan Hunt started in 1961 selling rice hulls and turned into a trucking company in 1969, and that made itself the largest intermodal provider in North America by signing a partnership with the Santa Fe railroad (now BNSF) in 1989: J.B. Hunt owns the customer, the containers, the chassis and the drayage trucks; the railroad pulls the train.
- Jabil8 moves · 1966–2025
The St. Petersburg, Florida electronics manufacturing services (EMS) company, founded near Detroit in 1966, that builds other companies' products — from phone casings and smart-home devices to insulin pens, car electronics, packaging and, increasingly, AI data-centre racks — in ~100 plants around the world on single-digit margins. Its supply-chain story is managing customer concentration: Jabil gr
- JD Logistics9 moves · 2007–2026
The Beijing logistics arm of JD.com, born from Richard Liu's 2007 decision to stop relying on China's couriers and own the network — warehouses, sortation centres, trucks and a salaried delivery workforce — that became a Hong Kong-listed integrated logistics company (listed 28 May 2021, HK$40.36 a share, ~HK$24.6bn / ~US$3.2bn raised, reported) with RMB217.1bn of revenue in 2025 (+18.8%) and a net
- Kinaxis8 moves · 1984–2026
Kinaxis, the Ottawa-based supply-chain planning software company (TSX: KXS) whose RapidResponse platform — rebranded Kinaxis Maestro in 2024 (verify) — is built on concurrent planning: one in-memory model of demand, supply, capacity and inventory, recalculated in seconds when anything changes, so that a planner at a US automaker, aerospace contractor, drug maker or electronics company can see what
- KION Group8 moves · 2006–2025
The Frankfurt-based maker of forklift trucks and warehouse equipment (Linde, STILL, Baoli) and, through Dematic, one of the world's largest integrators of warehouse automation — carved out of Linde AG in 2006 (to KKR and Goldman Sachs Capital Partners, reported), part-owned since 2012 by China's Weichai Power, listed in Frankfurt since 2013, and transformed in 2016 when it bought Dematic for an en
- Knight-Swift Transportation8 moves · 1966–2023
The Phoenix-based owner of the largest truckload fleet in the United States, formed in September 2017 by the all-stock merger of two Phoenix rivals with opposite reputations — Swift Transportation (founded 1966 by Jerry Moyes; the biggest fleet, high leverage and middling margins) and Knight Transportation (founded 1990 by the Knight family; smaller, among the lowest operating ratios in truckload)
- Kuehne+Nagel10 moves · 1890–2026
Kuehne + Nagel International AG, the Swiss-domiciled, family-controlled freight forwarder founded in Bremen in 1890, which by most rankings is the world's largest sea-freight forwarder and one of the three largest air forwarders while owning almost none of the ships and aircraft that carry its cargo. It reported net turnover of ~CHF 24.5bn, EBIT of ~CHF 1.4bn and earnings of ~CHF 925m (−25%) for 2
- Landstar System8 moves · 1988–2026
The Jacksonville, Florida-based asset-light truckload company, formed in a 1988 management buyout of a group of trucking companies (verify the predecessors and sponsor), listed in March 1993 (Nasdaq: LSTR), that moves freight through a network of ~960 independent commission sales agents and ~8,500–8,700 trucks owned by independent owner-operators — its "business capacity owners" (BCOs) — plus 62,0
- Li & Fung9 moves · 1906–2021
The Hong Kong sourcing house, founded in Guangzhou in 1906, that became the "virtual factory" for Western retailers and brands: it owned no factories but took a buyer's design and order, split production across a network of thousands of independent suppliers in dozens of countries, managed quality, compliance and shipping, and earned a commission or margin on the goods. At its early-2010s peak its
- Lineage8 moves · 2008–2026
Lineage, Inc., the Novi, Michigan–based temperature-controlled warehouse REIT (Nasdaq: LINE), the world's largest owner and operator of cold storage by its own count (company claim; ~480+ warehouses and ~3bn cubic feet reported around the IPO, verify current figures), built by Bay Grove, the San Francisco investment firm of Adam Forste and Kevin Marchetti, through hundreds of acquisitions of fragm
- Luxshare9 moves · 2004–2026
The Dongguan, Guangdong contract manufacturer — Luxshare Precision Industry (Shenzhen: 002475; Hong Kong H shares from 9 Jul 2026) — founded in 2004 by Wang Laichun, a former Foxconn line worker and manager, that grew from cables and connectors into Apple's main AirPods assembler (from ~2017), an Apple Watch maker and, after buying Wistron's Kunshan iPhone plants (2020) and control of Pegatron's K
- Manhattan Associates8 moves · 1990–2025
The Atlanta software company, founded in 1990, that became the specialist leader in warehouse management systems (WMS) in the US, listed on Nasdaq in April 1998 (MANH), and between 2018 and 2026 rebuilt its whole product line as Manhattan Active — one cloud-native, continuously updated code base for warehouse, transportation and order management — and turned itself from a licence-and-services vend
- Matson8 moves · 1882–2025
The Honolulu-based US-flag ocean carrier that Captain William Matson started in 1882 with a single schooner between San Francisco and Hilo, that helped invent container shipping on the Hawaii trade in 1958, and that runs two very different businesses: protected Jones Act domestic services to Hawaii, Alaska and Guam, where a few US-built, US-crewed ships carry most of what islanders eat and buy, an
- Mediterranean Shipping Company (MSC)9 moves · 1970–2025
The Geneva-based, Aponte-family-owned container line that Gianluigi Aponte started in 1970 with one second-hand ship, that overtook Maersk as the world's largest carrier in Jan 2022 (Alphaliner) and that by mid-2026 operated ~7.4m TEU, a record ~21.5–21.6% of world container capacity (Alphaliner, Jun 2026, via trade press), with ~2–3m TEU more on order. MSC's strategy is the opposite of Maersk's:
- Mercado Libre8 moves · 2001–2026
Latin America's largest e-commerce and fintech company — a Delaware-incorporated, Nasdaq-listed (MELI, since Aug 2007) marketplace founded in Buenos Aires in 1999 by Marcos Galperin, run from Montevideo (Uruguay) and earning most of its money in Brazil, Mexico and Argentina — that decided in the 2010s that it could not rely on the region's slow postal services and fragmented carriers and built its
- Nike9 moves · 1964–2025
The Beaverton, Oregon sportswear brand that Phil Knight and Bill Bowerman started in 1964 as Blue Ribbon Sports, a distributor of Japanese running shoes, and turned into the world's largest athletic-footwear and apparel company (revenue ~$46.4bn in fiscal 2026, year to 31 May 2026, company) without owning the factories that make its products. Nike designs, markets and plans; independent contract m
- Norfolk Southern8 moves · 1982–2025
The Atlanta-based eastern US Class I railroad, formed on 1 Jun 1982 from Norfolk and Western and Southern Railway, enlarged by its ~58% share of Conrail in 1999, and now — after a costly decade of trying to match its peers' operating ratios — agreed to be acquired by Union Pacific (announced 29 Jul 2025: 1 UNP share + $88.82 cash per NS share, ~$320 a share, ~$85bn implied enterprise value), subje
- Ocado9 moves · 2000–2025
The Hatfield, England company founded in 2000 by three former Goldman Sachs bankers — Tim Steiner, Jason Gissing and Jonathan Faiman — as an online grocer with no stores, which built its own automated warehouses ("customer fulfilment centres", CFCs) in which swarms of robots run on a grid above stacked crates, then turned that warehouse into a product: the Ocado Smart Platform (2015), licensed to
- Old Dominion Freight Line8 moves · 1934–2026
The Thomasville, North Carolina, less-than-truckload (LTL) carrier that Earl and Lillian Congdon started with one straight truck between Richmond and Norfolk, Virginia, in 1934, that listed on Nasdaq in 1991 under family control, and that became the US LTL industry's reference company: a non-union, service-first network of ~260 service centres (261 in 2024, reported) whose operating ratio reached
- Panama Canal Authority (Autoridad del Canal de Panamá, ACP)8 moves · 1914–2025
The autonomous Panamanian state agency that has run the Panama Canal since the United States handed it over at noon on 31 Dec 1999: an 82-km lock canal across the isthmus that the US built in 1904–14, ran as a sovereign "Canal Zone" for 85 years and still dominates as a customer. In fiscal 2024 about 76% of the cargo crossing the canal had the US as origin or destination, and ~52% of transits sail
- PDD Holdings (Pinduoduo and Temu)9 moves · 2015–2026
The group behind China's Pinduoduo, the "team purchase" shopping app launched in Shanghai in 2015 by Colin Huang (Huang Zheng), and Temu, the cross-border marketplace it launched in the US in September 2022 — which grew faster in the US than any shopping app before it by selling Chinese factory goods at very low prices, shipped as individual duty-free parcels under the $800 de minimis exemption an
- Peloton9 moves · 2012–2025
Peloton Interactive, Inc., of New York — the connected-fitness company founded in 2012 by John Foley and four co-founders that sells bikes, treadmills and rowers with touchscreens and a monthly subscription to live and on-demand classes. Listed on Nasdaq since Sep 2019 (PTON), it rode the 2020 lockdowns to weeks-long delivery waits, bought the commercial fitness-equipment maker Precor (2021, ~$420
- Procter & Gamble9 moves · 1987–2025
The Cincinnati consumer-goods maker founded by candle-maker William Procter and soap-maker James Gamble in 1837 and grown into the largest US household and personal-care company (net sales ~$87.0bn in fiscal 2026, year to 30 June 2026, company) — Tide, Pampers, Gillette, Charmin, Crest, Bounty, Olay, Head & Shoulders — whose supply-chain story turns on supplier–retailer collaboration as a cost-to-
- project447 moves · 2014–2024
project44, the Chicago-based, venture- and growth-equity-backed software company founded by Jett McCandless in 2014 that built one of the two best-known US real-time transportation visibility platforms (the other is its Chicago neighbour and rival FourKites). It began by wiring less-than-truckload (LTL) carriers' rating, booking and tracking systems to shippers and logistics providers through appl
- Prologis9 moves · 1997–2024
Prologis, Inc., the San Francisco–based industrial real estate investment trust (REIT) that owns or manages the largest portfolio of logistics buildings in the world — on the order of 1.2–1.3bn square feet across about 20 countries (company; verify the current figure in the latest supplemental) — and leases them to retailers, e-commerce companies, 3PLs, manufacturers and food distributors. It does
- PSA International8 moves · 1997–2024
Singapore's state-owned port group, wholly owned by Temasek, which runs the world's largest container transhipment hub and a portfolio of terminals on several continents. It handled a record ~105m TEU in 2025 (+5%), 44.5m TEU of it in Singapore (+8.7%) and 60.4m TEU at terminals outside Singapore (+2.0%), on revenue of S$8,264m (+7.0%) and operating profit of S$1,419m (+19.0%) (PSA International r
- Royal Mail8 moves · 1999–2026
The United Kingdom's designated universal postal service provider — a state monopoly for most of its five centuries, privatised by flotation in October 2013, and since the EP Group takeover of its parent International Distribution Services (IDS) (370p a share, ~£3.57bn equity value, agreed May 2024, cleared under national-security law in Dec 2024 and completed in 2025 — offer unconditional 30 Apr
- RXO8 moves · 2012–2026
RXO, Inc., the Charlotte, North Carolina–based asset-light truck broker that was XPO's brokerage, managed-transportation and last-mile business until it was spun off to XPO shareholders on 1 Nov 2022 (one RXO share per XPO share). It owns no trucks; it earns the spread between what shippers pay and what it pays carriers, so it reports large gross revenue that is mostly carriers' money. In Septembe
- Ryder System9 moves · 1933–2024
Ryder System, the Miami-based fleet-management, dedicated-transportation and contract-logistics company that began in 1933 when James A. Ryder bought a single truck and leased it, with its driver, to a local customer, and became the largest full-service truck lessor in North America. It owns a fleet of the order of a quarter of a million commercial vehicles (company; verify the latest 10-K count),
- Saia8 moves · 1924–2026
The Johns Creek, Georgia, less-than-truckload (LTL) carrier that began as Louis Saia Sr.'s produce-delivery business in Houma, Louisiana, in 1924, spent 1993–2002 inside Yellow Corporation, left it in a 2002 spin-off (as SCS Transportation, with Jevic), took the Saia name in 2006, and from 2017 turned itself from a southern regional carrier into a national one by building and buying terminals. Its
- Samsara8 moves · 2015–2026
Samsara Inc., the San Francisco-based "connected operations" software company founded in 2015 by Sanjit Biswas and John Bicket — who had earlier co-founded Meraki, the cloud-managed networking company bought by Cisco — that sells fleets and other physical-operations businesses a subscription cloud fed by its own devices: vehicle gateways for telematics and electronic logging, AI dash-cams, asset a
- SAP9 moves · 1972–2024
The Walldorf, Germany software company whose enterprise resource planning (ERP) system is the system of record for a large share of the world's big manufacturers, retailers and distributors — founded on 1 Apr 1972 by five former IBM employees (from memory, verify date), made dominant by R/3 (1992), moved to the in-memory S/4HANA (2015) and, since 2021, to cloud subscriptions ("RISE with SAP"). Its
- Schwarz Group (Lidl)8 moves · 1973–2024
The privately held Neckarsulm, Germany retail group — Lidl and Kaufland — that is Europe's largest retailer, with ~€185.6bn of revenue in the year to February 2026 (Lidl ~€140.2bn, Kaufland ~€36.7bn; company) and ~14,500 stores in 33 countries, built on the hard-discount formula: a small, mostly private-label range, goods displayed in shipping cartons, small staffs and enormous volume per item. It
- SF Express (SF Holding)8 moves · 1993–2024
China's premium express carrier, founded by Wang Wei in Shunde, Guangdong, in 1993 to carry documents and samples between Hong Kong and the factories of the Pearl River Delta, that chose to own and directly operate its network — staff, depots, trucks, its own airline (SF Airlines, 2009) and a dedicated cargo airport at Ezhou in Hubei (opened 2022) — in a market where most rivals were low-cost fran
- Shein10 moves · 2008–2026
The online fast-fashion group founded in Nanjing in 2008 by Xu Yangtian (Sky Xu), later run from Guangzhou and headquartered in Singapore, that became the largest fast-fashion seller in the world by revenue (2025 net revenue ~$41.8bn, net profit ~$2.1bn, prospectus via press, reported) by turning software-driven sourcing into a supply chain: thousands of new items a day, first runs of a few hundre
- Shopify8 moves · 2006–2025
Shopify, the Ottawa-founded, NYSE/TSX-listed (US listing moved to Nasdaq in 2025, verify) commerce-software company that runs online stores, checkout, payments and point of sale for millions of independent merchants — most of its gross merchandise volume (GMV) comes from US merchants and US shoppers (company; geographic split verify) — and that spent 2019–23 trying to become a logistics company as
- Suez Canal Authority (SCA)7 moves · 1869–2025
The Egyptian state authority that has owned and run the Suez Canal since President Gamal Abdel Nasser nationalised the Universal Suez Canal Company on 26 Jul 1956 — the 193-km sea-level waterway, opened in 1869, that links the Mediterranean to the Red Sea and before the Red Sea crisis carried roughly 12–15% of world trade and ~30% of global container traffic (commonly cited estimates, verify). Its
- Symbotic8 moves · 2007–2026
The Wilmington, Massachusetts maker of AI-directed case-handling systems — fleets of autonomous robots running on a multi-level steel storage structure, with robotic arms that unload inbound pallets and build mixed, store-ready outbound pallets — founded in 2007 as CasePick Systems by Rick Cohen, the chairman of C&S Wholesale Grocers, renamed Symbotic in Jan 2012 (reported), and listed on Nasdaq (
- Sysco9 moves · 1969–2026
Sysco Corporation, the Houston-based food-service distributor formed in 1969 when John F. Baugh merged nine regional distributors into one company, and which became the largest food-service distributor in the US and one of the largest in the world — delivering food, beverages, disposables and kitchen supplies to restaurants, hospitals, schools, hotels and other institutions from a network of broad
- Target9 moves · 2013–2025
The Minneapolis discount retailer, ~1,950–2,000 US stores and ~$105–107bn of annual sales (FY2023–FY2025, company, verify each year), whose supply-chain history is a story of execution and data quality deciding whether a network works. Its worst failure was abroad: Target Canada opened 124 stores in 2013 on a new system with bad item data and was shut within two years, with a ~$5.4bn pre-tax loss
- Tesco8 moves · 1995–2020
The UK's largest grocer (~28.5% of the UK grocery market in 2025/26, company; statutory revenue ~£73.7bn including fuel in the 53 weeks to February 2026, reported), founded by Jack Cohen as a London market stall in 1919, which turned a loyalty card (Clubcard, 1995) into the first large-scale retail data business, built online grocery on store picking (Tesco.com, 2000) rather than on central wareho
- Toyota9 moves · 1950–2025
The Toyota City, Japan carmaker — the world's largest by vehicle sales for most years since 2020 — whose Toyota Production System (TPS) taught the world just-in-time manufacturing, and whose own history is the best record of where just-in-time breaks and how to repair it. For American readers Toyota is also a US manufacturer: it learned to build cars in the United States through the NUMMI joint ve
- Toys "R" Us9 moves · 1957–2021
Toys "R" Us, the Wayne, New Jersey toy and baby-products retailer that Charles Lazarus grew from a Washington, DC baby-furniture store (1948) into the first toy category killer — big self-service boxes with a deep year-round assortment, bought in volume and replenished from its own distribution centres — and that at its peak ran roughly 1,500–1,600 stores worldwide (reported, verify), only to be t
- Transnet8 moves · 1990–2026
South Africa's state-owned freight logistics monopoly. It owns and runs the country's freight railway (Transnet Freight Rail, the core of a network of ~30,000 km of track, verify), its eight commercial ports (as landlord through Transnet National Ports Authority and as the main terminal operator through Transnet Port Terminals), its fuel pipelines and a rolling-stock engineering business. It was f
- TuSimple (CreateAI)8 moves · 2015–2024
The autonomous-trucking company founded in 2015 by Xiaodi Hou and Mo Chen, with engineering in San Diego and Beijing, that became the first listed autonomous-truck company (Nasdaq IPO, Apr 2021, ~$1.35bn raised, reported), ran what it called the first fully driverless semi-truck run on an open US public road (Arizona, Dec 2021, company) — and then lost its US business to a sequence of governance a
- Uber Freight8 moves · 2017–2025
The freight-brokerage, managed-transportation and transportation-software business that Uber Technologies launched inside its ride-hailing company in May 2017, spun into a separately capitalised subsidiary with outside investors in Oct 2020 ($500m Series A led by Greenbriar Equity Group at a ~$3.3bn post-money valuation, company), and transformed in Nov 2021 by buying the managed-transportation fi
- Union Pacific8 moves · 1862–2026
The Omaha railroad chartered by the Pacific Railway Act of 1862 to build the eastern half of the first transcontinental line — joined to the Central Pacific at Promontory Summit, Utah, on 10 May 1869 — and grown by a century and a half of mergers into the larger of the two western US Class I railroads (~32,000 route miles in 23 states, company, verify) and the most profitable by operating ratio: 5
- United States Postal Service10 moves · 1970–2025
The self-funding independent federal establishment, created by the Postal Reorganization Act of 1970, that delivers to every US address (~170m delivery points, reported, verify) six days a week for mail and seven for some parcels, at uniform prices, with ~600,000+ employees (verify) and no taxpayer appropriation for operations. It is the largest US parcel carrier to residential and rural addresses
- UPS9 moves · 1907–2025
United Parcel Service, the Atlanta-based integrated parcel and express carrier that grew from a Seattle bicycle-messenger company founded by Jim Casey and Claude Ryan in 1907 into the largest US parcel company by revenue (~$91bn in 2024, company; ~$22.9bn in Q3 2026 alone, company release, 27 Oct 2026). It runs one network for air and ground, delivered by the same unionised drivers in the same bro
- Walmart10 moves · 1962–2025
The Bentonville, Arkansas discounter that Sam Walton opened in Rogers in 1962 and turned into the world's largest retailer (~$681bn of revenue in FY2025 and ~$713bn in FY2026, years to January, reported) by building the lowest cost to serve in American retail: stores opened only within a day's drive of its own distribution centres, regions filled in densely before moving on, a private truck fleet,
- XPO8 moves · 2011–2023
XPO, Inc., the Greenwich, Connecticut–based less-than-truckload (LTL) carrier that is what remains of Brad Jacobs's decade-long logistics roll-up. Jacobs bought control of a small expedited-trucking company, Express-1 Expedited Solutions, in 2011, renamed it XPO Logistics and in five years assembled one of the world's largest logistics groups through ~17 acquisitions (reported) — above all Norbert
- Yellow Corporation9 moves · 1924–2024
The Kansas-based less-than-truckload (LTL) carrier that grew from Yellow Transit (1924) into one of the two or three largest US LTL networks by buying Roadway Express (2003) and USF (2005), spent the next twenty years failing to merge what it had bought, survived the 2008–11 crisis on Teamsters concessions and debt-for-equity swaps, borrowed $700m from the US Treasury under the CARES Act in July 2
- Zalando9 moves · 2008–2026
The Berlin online fashion and lifestyle platform founded in 2008 by Robert Gentz and David Schneider with backing from the Samwer brothers' Rocket Internet, which built its own network of fulfilment centres across Germany, Poland, Italy and other European markets, listed in Frankfurt in Oct 2014, turned itself from an online shoe-and-clothing retailer into a platform where brands sell directly (th
- ZIM8 moves · 1945–2026
Israel's national container carrier, founded in Haifa in 1945, privatised to Israel Corporation in 2004 with the state keeping a golden share, rescued by a debt-for-equity restructuring in 2014, and rebuilt as an asset-light niche line — mostly chartered ships, no alliance, and a customer book concentrated on the US trades (the transpacific into Los Angeles/Long Beach and Asia–US East Coast via Pa