Market Share of Warehousing and Storage Services Industry
The warehousing and storage services market is competitive, mainly because of the presence of several players. The competition is expected to intensify because of the relatively low entry barriers. Long-term partnerships, mergers, acquisitions, and high investments in warehouse management software are the prime growth strategies adopted by companies to sustain the growing competition. Some major players operating in the market include DHL International Gmbh, XPO Logistics Inc., and FedEx Corp, among others.
- September 2022 - GXO Logistics Inc., a leading pure-play contract logistics provider, opened a new warehouse facility with Bayer. GXO will manage warehouse support, including all shipping and receiving activities, for Bayer's Crop Science division through its shared-space distribution network GXO Direct at the new 350,000-square-foot facility in Kearney, Nebraska.
- May 2022 - Vertical Cold Storage, a developer, and operator of temperature-controlled distribution centers acquired three public refrigerated warehouses in Florida, Nebraska, and North Carolina from US Cold Storage. The company made these acquisitions to support its expanding protein business, including poultry, meat, poultry, and seafood.
Warehousing and Storage Market Leaders
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XPO Logistics, Inc.
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Ryder System, Inc.
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FedEx Corp
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DHL International GmbH
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NFI Industries, Inc.
*Disclaimer: Major Players sorted in no particular order
