2024 Essential Revenue and Operating Information for the 50 Largest Global Freight Companies
Up Front

Revenues declined in 2023 amid an international trade slump, geopolitical conflicts and economic uncertainty.

E-commerce growth and constraints on ocean shipping have fueled strong demand for airfreight this year.

Get a continent-by-continent and country- by-country look at where the Top 50 Global Freight Companies are based.

Rankings
 

Port Data

Rank Port Name City Type of Freight TEUs 2023 TEUs 2022 % Change Freight Tonnage (metric tons)
1 Port of Los Angeles Los Angeles container, break bulk, dry bulk, liquid bulk, automotive, heavy lift, project, refrigerated 8,629,681 9,911,159 -12.9% 178,000,000*
2 Port of Long Beach Long Beach, Calif. container, break bulk, dry bulk, liquid bulk, automotive, heavy lift, project, refrigerated 8,018,668 9,133,657 -12.2% 175,518,642
3 Port of New York and New Jersey New York container, break bulk, dry bulk, liquid bulk, automotive, heavy lift, project, refrigerated 7,810,005 9,493,664 -17.7% NA
4 Port of Savannah Savannah, Ga. container, break bulk, dry bulk, automotive, heavy lift, refrigerated 4,927,654 5,892,131 -16.4% 34,739,800
5 Colon Container Terminal, Port of Cristobal and Manzanillo International Terminal Colón, Panama container, dry bulk, liquid bulk, project 4,868,759 5,058,556 -3.8% NA
6 Port Houston Houston container, break bulk, dry bulk, liquid bulk, automotive, heavy lift, project 3,824,600 3,974,901 -3.8% 45,652,497
7 Port of Manzanillo Manzanillo, Colima, Mexico container, dry bulk, liquid bulk, automotive, refrigerated 3,698,582 3,473,852 6.5% 33,828,606
8 Port of Balboa and PSA Panama International Terminal Panama Int'l Terminals, Panama container, dry bulk, liquid bulk, automotive, project 3,370,009 3,347,861 0.7% NA
9 Port of Virginia Norfolk, Va. container, break bulk, dry bulk, liquid bulk, automotive 3,287,546 3,703,230 -11.2% 59,089,478
10 Port of Vancouver Vancouver, British Columbia container, break bulk, dry bulk, liquid bulk, automotive, project 3,126,559 3,557,294 -12.1% 150,380,603
11 Northwest Seaport Alliance Seattle and Tacoma, Wash. container, break bulk, dry bulk, liquid bulk, automotive, heavy lift, project 2,974,416 3,384,018 -12.1% 23,804,032
12 Port of Charleston Charleston, S.C. container, break bulk, dry bulk, liquid bulk, automotive, project, refrigerated 2,482,080 2,792,313 -11.1% NA
13 Port of Oakland Oakland, Calif. container, refrigerated 2,065,709 2,337,607 -11.6% NA
14 Port of Kingston Kingston, Jamaica container, break bulk, dry bulk, liquid bulk, automotive, heavy lift 1,995,000 2,137,500 -6.7% NA
15 Port of Lázaro Cárdenas Lázaro Cárdenas, Michoacán, Mexico container, dry bulk, liquid bulk 1,869,293 2,026,546 -7.8% 29,585,287
16 Port of Montreal Montreal container, break bulk, dry bulk, liquid bulk, refrigerated 1,538,464 1,722,704 -10.7% 35,346,163
17 Port of Caucedo Caucedo, Dominican Republic container, break bulk, automotive, heavy lift, project, refrigerated 1,488,000 1,406,500 5.8% NA
18 Port of San Juan San Juan, Puerto Rico container, break bulk, dry bulk 1,349,400 1,398,600 -3.5% NA
19 Port of Jacksonville^ Jacksonville, Fla. container, break bulk, dry bulk, liquid bulk, automotive, heavy lift, project, refrigerated 1,313,487 1,298,132 1.2% 10,470,025
20 Moín Container Terminal Límon, Costa Rica container, break bulk 1,261,262 1,226,585 2.8% NA
21 Port of Freeport Freeport, Bahamas container, break bulk, automotive, heavy lift, project 1,215,000e 1,574,200 -22.8% NA
22 Port of Veracruz Veracruz, Mexico container, break bulk, dry bulk, liquid bulk, automotive 1,148,000 1,187,000 -3.3% NA
23 Port of Baltimore Baltimore container, break bulk, dry bulk, liquid bulk, automotive, refrigerated 1,126,511 1,069,421 5.3% 10,617,657
24 Port Miami^ Miami container, break bulk, automotive 1,098,322 1,197,663 -8.3% 9,717,000
25 Port Everglades^ Broward County, Fla. container, break bulk, dry bulk, refrigerated 1,006,981 1,107,546 -9.1% NA
NOTE: Data for the Colon Container Terminal, Port of Cristobal and Manzanillo International Terminal is from the Georgia Tech Panama Logistics Innovation and Research Center. Data for the ports of Kingston, Caucedo, San Juan, Freeport and Veracruz is via PortEconomics. Data for the ports of Lázaro Cárdenas and Manzanillo is via the Coordinación General de Puertos y Marina Mercante. All other data is via port authorities.

* Freight tonnage for the Port of Los Angeles is for fiscal year 2022-23, ended June 30, 2023.

^ Data for the Port of Jacksonville, Port Miami and Port Everglades is for fiscal year 2022-23, ended Sept. 30, 2023.
Extras

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Post-COVID normalization and shaky economic conditions led to a difficult year at container ports and airports in 2023.

Learn more about Transport Topics’ Top 50 Global Freight Companies publication.

Global Freight News
Business, Technology, Logistics, For-Hire, Private, Global Freight

Consumers Switch to Slower Shipping, Squeezing UPS, FedEx

More people are switching to slower delivery options to save money, and profits at FedEx Corp. and UPS Inc. are getting squeezed.

Cailley LaPara | Bloomberg News
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Spencer Soper | Bloomberg News
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Maersk, Hapag-Lloyd Expect Red Sea to Be Unsafe Into 2025

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Christian Wienberg | Bloomberg News
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Maersk Expects IMO to Approve Global CO2 Levy in 2025

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Jack Wittels | Bloomberg News
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Business, Logistics, Global Freight

Global Shipping Stocks Sink After Dockworkers Pause Strike

Shipping stocks slumped worldwide after a strike by U.S. dockworkers was suspended after only three days, spurring predictions of a decline in the price of transporting goods by sea.

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DSV Starts $5.5 Billion Share Sale for DB Schenker Takeover

DSV received commitments from investors for more than half of a $5.5 billion sale of new shares as the Danish freight-forwarding company finances its takeover of DB Schenker.

Christian Wienberg | Bloomberg News
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Business, Logistics, Global Freight

Deutsche Bahn Approves Logistics Unit Sale to DSV

DSV won approval to buy Deutsche Bahn’s logistics unit for $15.8 billion, overcoming resistance from German labor unions and late attempts by a rival bidder to derail the deal.

October 3, 2024
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DB Schenker Sale Faces Decisive Vote

Deutsche Bahn AG’s planned 4.3 billion-euro ($15.8 billion) sale of its logistics arm is facing a decisive vote Oct. 2.

October 2, 2024
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