Transport Intelligence has been tracking the financial performance of the top 25 logistics service providers (LSPs) in the first half of 2025, and according to Ti, the latest data shows an uneven operating landscape, with roughly half the companies reporting higher revenue while the remainder posted declines.

Overall, 52% of the LSPs recorded year-on-year revenue growth, while 48% experienced a contraction compared to H1 2024.

Amazon remained the largest operator by revenue, reporting €295.9bn for the period, an increase of 9.8%. Quarterly disclosures for the first half of the year indicated steady growth across its main business segments and a continued rise in net sales, with North America retail, International operations and AWS all contributing to the overall increase, supported in particular by ongoing expansion in its cloud services division.

Among the strongest individual performers, DSV reported a 30.4% year-on-year increase in revenue, the highest in the ranking. In its half-year commentary, the company attributed this exceptional performance to increased volumes in its sea and air freight segments, a favourable comparison base, and network adjustments, all of which it said delivered growth “well above overall market levels.” Part of DSV’s improved profitability in H1 2025 is from the acquisition of DB Schenker.

DP World recorded one of the highest profit margins in the ranking, reaching 27.0%, up from 26.5% in 2024. Its interim release noted higher container throughput and steady performance across its terminals and logistics activities. The operator noted that the solid performance in its terminal and logistics operations contributed to one of the highest profit margins in the ranking. Deputy CEO & CFO Yuvraj Narayan said the results were driven by continued momentum in Ports & Terminals and Marine Services, supported by strong cash generation, while Group Chairman & CEO Sultan Ahmed bin Sulayem added that a focus on critical infrastructure helped offset geopolitical and trade pressures.

Other companies experiencing positive momentum included A.P. Moller-Maersk (+4.3%), CMA CGM (+4.9%), Kuehne+Nagel (+10.3%), Expeditors International (+13.4%) and Poste Italiane (+4.8%). Conversely, a number of major LSPs posted lower revenue in H1 2025. NYK Line, for instance, experienced the sharpest decline at -17.7%, the steepest drop in the group. The company attributed this to reduced freight rates and softer demand in key shipping markets. Sinotrans (-15.4%), CH Robinson (-14.0%) and TFI (-4.2%) also recorded declines, often citing subdued freight conditions, pricing pressures and a return to more typical activity levels after previous market disruptions.

Profitability also varied significantly across the group. While DP World reported one of the strongest profit margins in 2025, several operators reported weaker financial outcomes. For example, Yamato recorded a substantial downturn in profit, which the company linked to increased operating expenses and pressure on parcel volumes. GXO Logistics, despite achieving 17.6% revenue growth, saw a considerable decrease in profit, influenced by higher costs and integration-related factors.

Overall, the dataset indicates that the global logistics sector continued to show uneven performance in H1 2025. Operators with significant exposure to more stable segments, such as postal services, contract logistics, or port operations generally reported more resilient revenue and profit trends. By contrast, companies more dependent on freight forwarding or maritime transport saw greater volatility, shaped by rate fluctuations, tariff effects, shifting market demand and persistent cost pressures.

Top performers in the period include: DSV A/S (largest revenue growth) and DP World (highest profit margin).

Weaker performers include: NYK Line (largest revenue decline) and Yamato (sharpest drop in profitability).