• Charlotte area sees shake-up in companies on new Fortune 500 ranking

    By: by Jenna Martin, Charlotte Business Journal

    Updated:

    CHARLOTTE, N.C. - While Bank of America Corp. and Lowe’s Cos. Inc. continue to lead the Charlotte region on the Fortune 500 list, there were other shake-ups on this year’s ranking.

    Six Charlotte-area companies retain a Fortune 500 designation, though the mix of firms and their order has shifted.

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    Each year, Fortune magazine reveals the nation’s 500 largest public and private companies based on total revenue in the most recent fiscal year. The ranking, now in its 65th year, shows those companies make up two-thirds of the United States’ GDP — with $13.7 trillion in combined revenue. Overall, retail giant Walmart Inc. again generated the highest revenue in 2018: $514.41 billion.

    Read more here about how locally based companies fared in the new ranking.

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