2023 Essential Revenue and Operating Information for the 50 Largest Global Freight Companies
Up Front

Infrastructure and automation improvements have helped port operators, but there is still more work to be done.

A new No. 1 leads off this year’s Transport Topics Top 50 list of the world’s largest freight companies.

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

Rankings
Rank This Year Rank Last Year Company Headquarters Freight Revenue (Millions) Total Revenue (Millions) Freight Revenue Share
1 - Amazon.com Inc. USA $117,716 $514,044 22.9%
2 1 UPS Inc. USA $100,338 $100,338 100%
3 2 FedEx Corp. USA $90,155 $90,155 100%
4 3 DHL Group Germany $87,036 $108,254 80.4%
5 5 Maersk Denmark $80,023 $81,490 98.2%
6 4 United States Postal Service USA $78,507 $78,507 100%
7 6 CMA CGM France $74,500 $74,500 100%
8 7 Cosco Shipping Group China $58,108 $58,108 100%
9 8 Kuehne + Nagel International Switzerland $45,066 $45,066 100%
10 12 SF Express China $41,838 $41,838 100%
11 10 Mediterranean Shipping Co. Switzerland $38,938 $38,938 100%
12 11 China State Railway Group China $38,475 $199,352 19.3%
13 15 Hapag-Lloyd Germany $36,319 $36,319 100%
14 13 DSV A/S (North America) Denmark $33,298 $33,298 100%
15 9 Deutsche Bahn Group Germany $31,101 $43,681 71.2%
16 - Ocean Network Express Japan $29,916 $29,916 100%
17 16 BNSF Railway USA $25,888 $25,888 100%
18 18 Union Pacific Railroad USA $24,875 $24,875 100%
19 17 C.H. Robinson USA $23,516 $24,702 95.2%
20 21 Evergreen Marine Corp. Taiwan $20,587 $21,050 97.8%
21 - Nippon Express Japan $19,929 $19,929 100%
22 23 Indian Railways India $19,338 $22,885 84.5%
23 22 Expeditors International USA $17,071 $17,071 100%
24 20 Geopost France $16,402 $16,402 100%
25 19 Sinotrans China $16,169 $16,169 100%
26 27 CSX Corp. USA $14,853 $14,853 100%
27 28 J.B. Hunt Transport Services USA $14,814 $14,814 100%
28 25 SNCF Group France $14,429 $43,592 33.1%
29 29 HMM Co. South Korea $14,380 $14,380 100%
30 36 Yamato Holdings Japan $13,501 $13,693 98.6%
31 31 Canadian National Railway Canada $13,147 $13,147 100%
32 32 Norfolk Southern USA $12,745 $12,745 100%
33 33 ZIM Integrated Shipping Services Israel $12,562 $12,562 100%
34 26 XPO USA $12,121 $12,121 100%
35 30 SG Holdings Japan $11,649 $11,696 99.6%
36 35 Kerry Logistics Hong Kong $11,065 $11,065 100%
37 37 CJ Logistics South Korea $9,387 $9,387 100%
38 39 Yang Ming Marine Transport Co. Taiwan $8,755 $8,755 100%
39 41 Wan Hai Lines Taiwan $8,686 $8,686 100%
40 38 Dachser Group Germany $8,577 $8,577 100%
41 - Toll Group Australia $7,800 $7,800 100%
42 40 Bolloré Logistics France $7,477 $11,261 66.4%
43 45 Landstar System USA $7,437 $7,437 100%
44 47 Knight-Swift Transportation USA $7,429 $7,429 100%
45 42 TFI International Canada $7,357 $7,357 100%
46 43 Kintetsu World Express Japan $7,316 $7,316 100%
47 - Rhenus Group Germany $7,144 $7,584 94.2%
48 - GLS Group The Netherlands $6,656 $6,656 100%
49 49 Schneider USA $6,604 $6,604 100%
50 50 Old Dominion Freight Line USA $6,260 $6,260 100%
Extras

2022 saw an eastern shift in North American ocean freight, while airfreight dipped across the continent.

If your company appears on the list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.

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

Global Freight News
Government, Business, Fuel, Logistics, Global Freight

Maersk Expects IMO to Approve Global CO2 Levy in 2025

Shipping giant A.P. Moller-Maersk A/S expects the industry’s global regulator next year to approve a charge on vessels’ greenhouse gas emissions.

Jack Wittels | Bloomberg News
October 4, 2024
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.

October 4, 2024
Business, Logistics, Global Freight

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
October 3, 2024
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
Business, Logistics, Global Freight

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
Business, Logistics, Global Freight

CVC’s Last-Attempt DB Schenker Bids Called ‘Inferior’

Deutsche Bahn said bids submitted by private equity fund CVC Capital Partners remain “inferior” to the winner’s offer, the latest twist in the $16 billion battle for its logistics unit.

Christian Wienberg | Bloomberg News
September 30, 2024
Government, Business, Logistics, Global Freight

East and Gulf Coast Ports Prepare to Close

Key industry and government officials are urging U.S. dockworkers and their employers to avoid a strike at East and Gulf Coast ports, though many facilities are bracing for a shutdown.

September 30, 2024
Government, Business, Logistics, Global Freight

Cargo Carriers Fear Port Strike Will Paralyze Half of Trade

The world’s top container carrier is urging customers to move U.S. cargo through East and Gulf Coast ports before the planned start on Oct. 1 of a dockworkers strike.

Brendan Murray | Bloomberg News
September 27, 2024
Business, Logistics, Private, Global Freight

Online Holiday Spending Projected to Rise 8.4%

Steep discounts and easing inflation will compel U.S. shoppers to spend $240.8 billion online in November and December, up 8.4% from last year’s holidays and the biggest increase since 2021.

Spencer Soper | Bloomberg News
September 25, 2024
Business, Logistics, Global Freight

Maersk Adds Port Disruption Surcharge as Strike Looms

AP Moller-Maersk added a local port disruption surcharge for all cargo moving to and from the East Coast and Gulf Coast terminals, to cover higher costs from “potential labor disruptions.”

Christian Wienberg | Bloomberg News
September 24, 2024
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