LX Pantos Ranks 6th Globally in Maritime Transport Volume Among Logistics Companies
[Asia Economy Reporter Choi Daeyeol] Comprehensive logistics company LX Pantos announced on the 16th that its maritime cargo volume last year ranked sixth highest worldwide.
According to a survey by the US research firm Armstrong & Associates, LX Pantos ranked 6th with a maritime cargo volume of 1,658,000 TEU (1 TEU equals one 20ft container). It was the only Korean company to be in the top 10. The containers handled by the company over the past year, if lined up in a row, would stretch 1 km enough to make 13 round trips between Seoul and Busan.
The logistics industry is a representative sector where economies of scale apply, and having a large cargo volume indicates a high level of sales power and price competitiveness targeting shippers. The first place was taken by Swiss company Kuehne + Nagel with 4,613,000 TEU, and second place by China's Sinotrans with 3,940,000 TEU.
Other top-ranking companies included European firms such as DHL, DB Schenker (both from Germany), and CEVA Logistics (France). Europe historically developed inter-country trade early, leading to the early development of the maritime logistics industry. China has a large domestic cargo volume.
LX Pantos was established in 1977 and has been providing comprehensive logistics services including export-import maritime and air transportation, rail transportation, warehousing, and inland transportation to over 13,000 customers worldwide. Its advantage lies in having a global network that enables multimodal logistics services without limiting to specific fields.
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Choi Wonhyuk, CEO of LX Pantos, said, "Based on global-level cargo volume, global network, and service competitiveness that stand shoulder to shoulder with leading overseas logistics companies, we will play a reliable logistics partner role for our export companies," adding, "We will focus on attracting global major customers, especially in overseas regions with high growth potential."
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