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, Logistics, Global Freight

Union Pacific’s First-Quarter Profit Creeps Up 1%

OMAHA, Neb. — Union Pacific’s first-quarter profit crept 1% higher as the railroad tightened up on expenses — particularly its fuel bill — even though it delivered slightly less freight.

Josh Funk | Associated Press
April 25, 2024
Business, Logistics, Private, Global Freight

Amazon Prime Memberships in US Gain 8% to New High

Amazon.com Inc.’s Prime subscription service hit a new high of 180 million U.S. shoppers in March, up 8% from a year earlier, according to Consumer Intelligence Research Partners.

Spencer Soper | Bloomberg News
April 16, 2024
Government, Business, Technology, Equipment, Logistics, For-Hire, Global Freight

Amazon Becomes the Largest US Private EV Charging Operator

Amazon has installed more than 17,000 chargers at about 120 warehouses around the U.S., making the retail giant the largest operator of private EV charging infrastructure in the country.

Matt Day | Bloomberg News
April 15, 2024
Government, Business, Logistics, Global Freight

Shipping Giant MSC Vows to Fight ‘Excessive’ $63M FMC Fine

The world’s largest container carrier will push back against a proposed U.S. government fine that would rank among the stiffest penalties handed down by the Washington regulator.

Brendan Murray | Bloomberg News
April 10, 2024
Business, Private, Global Freight

Amazon Eyes Record High

Wall Street investors are finally doing what analysts have been recommending all along: buying Amazon.com Inc.

Subrat Patnaik | Bloomberg News
April 8, 2024
Business, Safety, Logistics, Global Freight

Baltimore Bridge Collapses After Cargo Ship Rams Into It

BALTIMORE — A containership lost power and rammed into a major bridge in Baltimore early March 26, causing the span to buckle into the river below. Six people were missing.

Lea Skene | Associated Press
March 26, 2024
Business, Safety, Private, Global Freight, TCA

Amazon Reports ‘Measurable Progress’ on Worker Safety

Amazon’s safety data shows a decline in its warehouse injury rate in 2023, marking an improvement for the second consecutive year, but critics disagree with how the company measures safety.

Lauren Rosenblatt | The Seattle Times
March 18, 2024
Government, Business, Logistics, Global Freight, TCA

Hapag-Lloyd Warns of Further Earnings Decline in 2024

Following a slump in profits in 2023, German container shipping company Hapag-Lloyd expects earnings to decline again in 2024.

dpa | Hamburg, Germany
March 14, 2024
Government, Business, Safety, Fuel, Global Freight

Houthi Missile Damages MSC Containership in Gulf of Aden

Houthi militants attacked and damaged a Swiss-owned container vessel on March 4 in the Gulf of Aden, as the Iran-backed group continues to roil shipping in the region.

March 5, 2024
Government, Business, Logistics, Global Freight

Norfolk Southern Urges Shareholders to Reject Takeover Plan

OMAHA, Neb. — Norfolk Southern wants its shareholders to back its current management team and strategy and reject a bid from a group of investors seeking to take control of the railroad.

Josh Funk | Associated Press
February 27, 2024
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