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China Post Jumps to 105th on 2016 Fortune Global 500
China Post Jumps to 105th on 2016 Fortune Global 5002016-07-26
Ranking of postal and express mail enterprises on the 2016 Fortune Global 500.[China Post]

China Post jumped 38 places from last year to 105th place on the Global 500 list released by Fortune magazine on July 20. It is the first time that China Post was listed among top-three postal enterprises of the world, along with America Post and Japan Post, hitting its target of entering the top ranks of global postal enterprises ahead of schedule.

As the world economy slowly recovers, postal enterprises in some developed countries are taking a gradual turn for the better. But the long-term outlook remains challenging.

Among this year’s five postal enterprises listed from developed countries, four staged a rally except French Post. Though German Post dropped from second place to fourth on the global post list, it rose from 111st to 108th place on the Fortune Global 500 list.

American Post moved up 30 places to rank 107th, retaining second place on global post list.

Viewed by revenue, China and America Post maintained positive growth while others declined. Japan, France and Italy Post declined more than 8 percent and German Post was down by 12.1 percent.

With the growth of global e-commerce and cross-border trade, express mail and logistics remain strong points in the world economy. Revenues at United Parcel Services of America grew from 168th place globally to 149th, while FedEx moved up 46 places to rank 192nd.

Among the listed China enterprises in the top 100, China Post ranked 21, only one step away from its target of entering the ranks of global top 100 and China top 20 by the year 2020.

The Fortune Global 500 is a ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by Fortune magazine.

 

(China Post)

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