Operational Costs Compared: SG&A Analysis of ZTO Express (Cayman) Inc. and C.H. Robinson Worldwide, Inc.

A Tale of Two Giants: SG&A Expenses in Logistics

In the ever-evolving logistics industry, operational efficiency is paramount. This analysis compares the Selling, General, and Administrative (SG&A) expenses of two industry titans: ZTO Express (Cayman) Inc. and C.H. Robinson Worldwide, Inc., from 2014 to 2023. Over this period, ZTO Express has seen a staggering 354% increase in SG&A expenses, peaking at approximately $2.4 billion in 2023. In contrast, C.H. Robinson's expenses grew by 100%, reaching around $640 million in the same year. This disparity highlights ZTO's aggressive expansion strategy, while C.H. Robinson maintains a steady growth trajectory. Notably, data for 2024 is incomplete, indicating potential shifts in the coming year. As the logistics landscape continues to transform, these financial insights offer a glimpse into the strategic priorities of these global players.