Top 10 Logistics Companies in Singapore
Singapore is the trading hub of the Southeast Asia market. It’s one of the most popular headquarters locations for top logistics firms, including many of the most experienced and profitable global companies. Singapore’s ideal location for shipping throughout the Southeast Asia market and beyond make it a smart choice for those wanting to dominate this market.
The Asia Pacific region makes up around 50% of revenue from logistics services. When you consider that the global logistics market is nearing $10 trillion, it’s easy to see why so many companies are making Singapore their home. Indeed, many top manufacturers, like Infineon or Henkel, use logistics companies from Singapore to help them get their products to global markets. Singapore features a diverse and robust network of shippers and 3PLs or third-party logistics providers.
Over the foreseeable future, we’d expect the following companies to continue to make big waves in the Singapore logistics market.
1. Kuehne + Nagel
Kuehne and Nagel were incorporated in Singapore in 1994 and are recognised as being one of the world’s leading logistics companies with a presence in over 100 countries. Globally, the company employs more than 92,000 people and is focused on high-value-added markets such as IT-based integrated logistics. They offer sea, air and overland logistics solutions and in 2017 recorded global revenue of $18.59 billion.Take a closer look at the profile of Kuehne and Nagel →
2. DSV Panalpina
DSV was established in 1976 and merged with Panalpina in 2019. Their headquarters are in Copenhagen, Denmark, but they have offices in over 90 countries around the world and have more than 60,000 employees. The company offer air, sea, rail and road logistics options and in 2018 recorded revenue of DKK79 million. Unlike many other logistics companies, DSV Panalpina adopts an asset-light strategy and does not own any ships or planes.Take a closer look at the profile of DSV Panalpina →
Schenker is one of the oldest names in the logistics business and has relocated much of its infrastructure to Singapore. They were founded in 1970 and today employ nearly 5,000 employees across their offices and distribution centres. Their focus is on freight forwarding either by sea or by air, but they also provide heavy support for marine and air parts logistics. As they spend quite a lot each year, they have the potential to shake up the market frequently.Take a closer look at the profile of Schenker →
4. DHL Freight Forwarding
DHL is one of the biggest international shipping corporations in the world. As such, it’s no surprise that they employ over 285,000 people throughout the globe. Every day their employees touch locations in over 220 countries: quite an impressive seat for an organisation that began in 1994. They currently employ over 500 primary workers in their Singapore offices, though they have significant presences in warehouses and shipping centres in Singapore ports and beyond.Take a closer look at the profile of DHL Freight Forwarding →
5. Yusen Logistics
Yusen Logistics, formerly called the Yusen Air and Sea Service, was originally founded in 1979 with a single chief officer. Today, they employ ten officers and have employees numbering into the hundreds. Despite the name change, they still provide air and sea shipping services and have high profits across most markets.Take a closer look at the profile of Yusen Logistics →
6. Mol Logistics
Formerly known as M.O. Air International, Mol Logistics was founded in 1989 and is a smaller company than many other logistics services. Despite this, they’re one of the biggest names in freight forwarding and packaging, along with several other transportation support activities. They’re an essential company to watch as they’re known for their customs broker services and freight consolidation feats along with general shipping effectiveness.Take a closer look at the profile of Mol Logistics →
7. Ninja Van
Ninja Van was founded in Singapore in 2014 and offers logistics solutions to businesses across Southeast Asia. They work with major organisations such as Lazada, Qoo10 and Shopee and are the regions fastest growing “last mile” logistics company.Take a closer look at the profile of Ninja Van →
8. Keppel Logistics
Keppel Logistics was incorporated in 1968 and are a global leader in the logistics industry. Their headquarters are in Singapore, but they also have operations across the Asia-Pacific region, including China, Hong Kong, Vietnam and Australia. The company employs more than 30,000 personnel and has a market capitalisation of $8.5 billion. Keppel Logistics has won the Best Service Provider Award in Singapore by Frost & Sullivan on numerous occasions since 2007.Take a closer look at the profile of Keppel Logistics →
9. RAK Logistics
RAK Logistics was founded in 2012 and have a presence in 50 countries in the Middle East, Europe, Asia and the US. They are predominantly a freight forwarder and employ around 500 people. RAK Logistics offers land, air and sea logistically solutions as well as warehousing facilities. Their focus is on value-added services which are customized for their clients.Take a closer look at the profile of RAK Logistics →
10. PSA International
PSA International was founded in 1972 and is owned by Temasek Holdings. They have terminals in 16 different countries across Asia, Europe and the Americas and with their primary focus being sea freight. In 2018, their recorded revenue was S$4.09 billion and is a major employer in Singapore and concentrates employing and training the best individuals in the industry.Take a closer look at the profile of PSA International →