Top Parcel Carriers in 2025

Some names you know, some you don't.

Who were finally the Top 10 ecommerce carriers in 2025?

J&T Express, a company with terrible LinkedIn presence, has become officially become the 2nd largest parcel carrier in the world announcing that it delivered 30.12B parcels in 2025, up 22.2%.

If you don’t know J&T listen up.

The carrier company founded in Indonesia (population 285 million) rapidly expanded into China (population 1.4 billion) and is now expanding into LATAM with strong results in Brazil.

It’s publicly listed so feel free to check them out yourself.

UPS isn’t fairing so well with recent losses in volumes, it will likely fall further from the list without a growth strategy.

United States Postal Service is focused on it’s business at home and it’s not clear if they will ever have an international play like PostNL, Australia Post, La Poste Groupe, bpost have done with their companies Spring GDS - Global, APG eCommerce Solutions, Asendia, Landmark Global.

The trend is obvious. Chinese carriers dominate thanks to the size of the Chinese ecommerce market, but the other trend I see is that Chinese companies are rapidly expanding into markets outside of China and staking a claim in ground delivery all around the world - something that the American companies never did successfully.

Amazon Logistics bucks that trend and it is rapidly growing especially via Amazon Shipping spinning off as a standalone carrier service.

Top Carriers by Revenue

While Chinese carriers dominate due to China’s position as the world’s #1 ecommerce market, and active expansion, the revenues from developing markets is nothing like it is in the developed West, and so if we compare volumes to revenue, we get a very different story.

In a complete role reversal DHL, UPS, FedEx, aka The Big 3, retain the top positions as expected. SF Express is worth mentioning here. It’s the biggest Chinese carrier and services the premium market in China. While far from the Big 3, given China and Asia’s growth rates, SF might be within striking distance of the Big 3 in 5 years.

Long term, FedEx’s acquisition of InPost puts it in a fantastic position to grow. DHL’s highly diversified business is it’s strength as well. UPS still lacks a big growth story - but maybe it doesn’t need to, or not does it care, because healthcare margins are fantastic — that is until Amazon decides it wants Amazon Pharmacy to get into Pharmaceutical logistics as well.

Question: When are we going to see an India carrier on this list? I’m waiting for a Delhivery (FedEx is an investor), or Blue Dart (DHL is an investor) to make it onto this list soon.