Air Freight & Logistics


I always look at economics of the business
A bird in the hand is worth 2 in the bush and the question is how sure are you there are 2 in the bush and how long you have to wait to get them out
1. How many birds are in the bush?
2. When you gonna get them out?
3. How sure are you?
If interest rates are 15% roughly you've got 2 birds out of bush in 5 years equal to bird in the hand but if interest rates are 3% and you can get 2 birds out in 20 years it still makes sense to give up the bird in the hand because it's all gets back to discounting an interest rate. Often you don't know not only how many birds in the bush but in the case of internet companies there were not any birds in the bush but they still take the bird that you give them from the hand
Loop through all the subindustries and try to understand how many birds are in the bush from the perspective of economics of the business

Revenue

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP grow per year to compare with Revenue Change
1. United Parcel Service, Inc UPS29,77130,64631,27233,48536,58242,58147,54749,69251,48645,29749,54553,10554,12755,43858,23258,36360,90665,87271,86174,094
2. FedEx Corporation FDX18,25719,62920,60722,48724,71029,36332,29435,21437,95335,49734,73439,30442,68044,28745,56747,4537,66950,3657,51760,3197,44765,45069,69369,217
3. BEST Inc BEST5,2568,84419,99027,96135,176
4. ZTO Express (Cayman) Inc ZTO0.426,0869,78913,06017,60422,110
5. XPO Logistics, Inc XPO1014.69424042531091001581772797022,3577,62314,61915,38117,27916,648
6. C.H. Robinson Worldwide, Inc CHRW2,8823,0903,2943,6144,3425,6896,5567,3168,5797,5779,27410,33611,35912,75213,47013,47613,14414,86916,63115,310
7. Expeditors International of Washington, Inc EXPD1,6951,6532,2972,6253,3183,9024,6265,2355,6344,0925,9686,1515,9816,0806,5656,6176,0986,9218,1388,175
8. Hub Group, Inc HUBG1,3841,3191,3361,3601,4271,5321,6101,6581,8611,5111,8342,7523,1243,3743,5713,5263,5734,0353,6843,668
9. Atlas Air Worldwide Holdings, Inc AAWW7907641,3841,4151,6181,4761,5631,6071,0521,3381,3981,6461,6571,7991,8231,8402,1562,6782,739
10. Echo Global Logistics, Inc ECHO33952032604266037588841,1731,5121,7161,9432,4402,185
11. Air Transport Services Group, Inc ATSG1,1651,1741,1611,2031,4641,2601,1751,6118236677306075805906197691,0688921,452
12. Forward Air Corporation FWRD2152282262422823213533934744174845365846527819599831,1011,3211,410
13. Radiant Logistics, Inc RLGT147204297311349503783778842891855
14. Cargojet Inc CGJTF115152169158157162170165166289331383455487
15. Air T, Inc AIRT59707143567080677891818389103101112148148195250245
16. Janel Corporation JANL5770737775837288989945487575786884
17. Transportation and Logistics Systems, Inc TLSS00000.141.318.1231
18. PUDO Inc PDPTF0000000000000.0100.130.910.70.831.12
19. Cosmos Group Holdings Inc COSG0.0100.30.440.770.730.67
20. Hutech21 Co., Ltd CLGZF00.530.020.840.520.2511.998.1400
21. Pacific CMA, Inc PACC14.1713.795373100125154
22. Stonepath Group Inc SGRZ015.6123220367410


Revenue Growth

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP growth per year to compare with Revenue Change
1. United Parcel Service, Inc UPS1.031.031.021.071.091.161.121.051.040.881.091.071.021.021.0511.041.081.091.03
2. FedEx Corporation FDX1.081.081.051.091.11.191.11.091.080.940.981.131.091.041.031.040.166.570.158.020.128.791.060.99
3. BEST Inc BEST1.681.682.261.41.26
4. ZTO Express (Cayman) Inc ZTO14351.2914351.291.611.331.351.26
5. XPO Logistics, Inc XPO1.471.472.890.941.061.252.070.911.581.121.572.523.363.231.921.051.120.96
6. C.H. Robinson Worldwide, Inc CHRW1.071.071.071.11.21.311.151.121.170.881.221.111.11.121.0610.981.131.120.92
7. Expeditors International of Washington, Inc EXPD0.970.971.391.141.261.181.191.131.080.731.461.030.971.021.081.010.921.131.181
8. Hub Group, Inc HUBG0.950.951.011.021.051.071.051.031.120.811.211.51.141.081.060.991.011.130.911
9. Atlas Air Worldwide Holdings, Inc AAWW0.970.971.811.021.140.911.061.030.651.271.051.181.011.091.011.011.171.241.02
10. Echo Global Logistics, Inc ECHO2.882.882.121.281.641.411.261.171.331.291.131.131.260.9
11. Air Transport Services Group, Inc ATSG1.011.010.991.041.220.860.931.370.510.811.090.830.951.021.051.241.390.841.63
12. Forward Air Corporation FWRD1.061.060.991.071.171.141.11.111.210.881.161.111.091.121.21.231.021.121.21.07
13. Radiant Logistics, Inc RLGT1.391.391.461.051.121.441.560.991.081.060.96
14. Cargojet Inc CGJTF1.321.321.110.930.991.041.050.9711.751.151.161.191.07
15. Air T, Inc AIRT1.191.191.010.61.311.251.140.851.161.160.891.031.071.150.981.111.3211.311.280.98
16. Janel Corporation JANL1.231.231.051.050.971.10.871.231.1110.451.071.561.011.030.871.25
17. Transportation and Logistics Systems, Inc TLSSNANNANNANNANINF9.0113.921.73
18. PUDO Inc PDPTFNANNANNANNANNANNANNANNANNANNANNANNANINF0INF7.230.771.21.35
19. Cosmos Group Holdings Inc COSG00INF1.491.740.950.92
20. Hutech21 Co., Ltd CLGZFINFINF0.0443.950.620.4947.40.680NAN
21. Pacific CMA, Inc PACC0.970.973.841.381.361.261.23
22. Stonepath Group Inc SGRZINFINF7.871.791.671.12