Home Business News Leading logistic companies’ market cap rockets to over $2tn amid the crisis

Leading logistic companies’ market cap rockets to over $2tn amid the crisis

by LLB Finance Reporter
25th Aug 20 2:06 pm

Data presented by Buy Shares indicates  that the cumulative market capitalization of leading ten selected publicly-traded logistic companies grew by 83.27% on a Year-to-Date basis. By the close of markets on 24 August, 2020 the companies had a total capitalization of  $2.25trn.

Market cap grows by over $1trn in eight months

On January 1st, the ten firms have a cumulative market capitalization of  $1.23trn representing. The capitalization grew by  $1.02trn within eight months.

Japan-based SG Holding had the highest market capitalization at $1.56trn as of  24 August,  a 100.05% growth from $781.3bn on January 1st. XPO Logistics has the least market capitalization at $7.85bn, representing a growth of 7.09% from 1 January.

An analysis of the data shows that the surge in market capitalization which correlated with the global coronavirus pandemic. 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.”

Leave a Commment

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]