I started this.
For Atlanta-based shipping giant, UPS, a surge in ecommerce sales helped it rise to the No. 100 spot on this year’s Forbes Global 2000, our annual ranking of the world’s largest companies based on a composite of sales, profits, assets and market value. That’s best among all transportation companies, and it seizes the sector's top spot from rival FedEx, which checks in this year at No. 162.
UPS—which claims Amazon as its largest customer—recorded annual revenue of $97.2 billion in 2021, up from $84.6 billion in 2020. And it turned a $12.8 billion profit, up from $7.7 billion. Those numbers mirror a broader surge in the ecommerce market. Online shoppers spent more than $870 billion in the U.S. last year, per government data, up 10% from 2020 and 44% from 2019, when the total was just $600 billion.