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.
Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
---|---|---|---|---|---|---|
1 | 1 | Amazon.com Inc. | USA | $140,053 | $573,988 | 24.4% |
2 | 3 | FedEx Corp. | USA | $93,316 | $93,316 | 100% |
3 | 2 | UPS Inc. | USA | $90,958 | $90,958 | 100% |
4 | 6 | United States Postal Service | USA | $79,324 | $79,324 | 100% |
5 | 4 | DHL Group | Germany | $66,119 | $88,513 | 74.7% |
6 | 5 | Maersk | Denmark | $48,905 | $51,049 | 95.8% |
7 | 7 | CMA CGM | France | $47,020 | $47,020 | 100% |
8 | 11 | Mediterranean Shipping Co. | Switzerland | $42,286 | $42,286 | 100% |
9 | 12 | China State Railway Group | China | $35,181 | $178,584 | 19.7% |
10 | 9 | Kuehne + Nagel International | Switzerland | $29,659 | $29,659 | 100% |
11 | 10 | SF Express | China | $27,182 | $27,182 | 100% |
12 | 15 | Deutsche Bahn Group | Germany | $26,735 | $48,876 | 54.7% |
13 | 8 | Cosco Shipping Group | China | $24,799 | $24,799 | 100% |
14 | 18 | Union Pacific Railroad | USA | $24,119 | $24,119 | 100% |
15 | 17 | BNSF Railway | USA | $23,876 | $23,876 | 100% |
16 | 14 | DSV A/S | Denmark | $21,884 | $21,884 | 100% |
17 | 22 | Indian Railways | India | $19,634 | $31,017 | 63.3% |
18 | 13 | Hapag-Lloyd | Germany | $19,400 | $19,400 | 100% |
19 | 24 | Geopost | France | $16,976 | $16,976 | 100% |
20 | 19 | C.H. Robinson | USA | $16,373 | $17,605 | 93% |
21 | 21 | Nippon Express | Japan | $15,935 | $15,935 | 100% |
22 | 26 | CSX Corp. | USA | $14,657 | $14,657 | 100% |
23 | 16 | Ocean Network Express | Japan | $14,536 | $14,536 | 100% |
24 | 25 | Sinotrans | China | $14,376 | $14,376 | 100% |
25 | 30 | Yamato Holdings | Japan | $12,870 | $13,066 | 98.5% |
26 | 27 | J.B. Hunt Transport Services | USA | $12,830 | $12,830 | 100% |
27 | 28 | SNCF Group | France | $12,594 | $45,140 | 27.9% |
28 | 31 | Canadian National Railway | Canada | $12,459 | $12,459 | 100% |
29 | 32 | Norfolk Southern | USA | $12,156 | $12,156 | 100% |
30 | 35 | SG Holdings | Japan | $9,689 | $10,210 | 94.9% |
31 | 23 | Expeditors International | USA | $9,300 | $9,300 | 100% |
32 | - | Canadian Pacific Kansas City | Canada | $9,298 | $9,298 | 100% |
33 | 37 | CJ Logistics | South Korea | $9,006 | $9,006 | 100% |
34 | 20 | Evergreen Marine Corp. | Taiwan | $8,499 | $8,881 | 95.7% |
35 | 34 | XPO | USA | $7,744 | $7,744 | 100% |
36 | 40 | Dachser Group | Germany | $7,682 | $7,682 | 100% |
37 | 47 | Rhenus Group | Germany | $7,644 | $8,115 | 94.2% |
38 | 46 | Kintetsu World Express | Japan | $7,515 | $7,515 | 100% |
39 | 44 | Knight-Swift Transportation | USA | $7,142 | $7,142 | 100% |
40 | 48 | GLS Group | The Netherlands | $6,693 | $6,693 | 100% |
41 | - | Ryder System | USA | $6,660 | $11,783 | 56.5% |
42 | 29 | HMM Co. | South Korea | $6,429 | $6,429 | 100% |
43 | 45 | TFI International | Canada | $6,417 | $6,417 | 100% |
44 | 36 | Kerry Logistics | Hong Kong | $6,055 | $6,055 | 100% |
45 | 50 | Old Dominion Freight Line | USA | $5,866 | $5,866 | 100% |
46 | 41 | Toll Group | Australia | $5,600 | $5,600 | 100% |
47 | 49 | Schneider | USA | $5,499 | $5,499 | 100% |
48 | 43 | Landstar System | USA | $5,303 | $5,303 | 100% |
49 | 33 | ZIM Integrated Shipping Services | Israel | $5,162 | $5,162 | 100% |
50 | - | Estes Express Lines | USA | $5,074 | $5,074 | 100% |
Top 50 Global Freight Companies
Revenue from acquired companies only included for period after close of acquisition. All revenue figures have been converted to U.S. dollars based on the average exchange rate in the appropriate calendar year.
Sources: Company reports and SJ Consulting Group Inc. estimates
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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 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, 2024DSV 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.
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.
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.
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.
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.
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.
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.
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.”
DHL Lays Out Plan to Boost Revenue 50% by 2030
DHL Group, the trading name of Deutsche Post AG, unveiled a new strategy aimed at increasing revenue by 50% by 2030 through various growth initiatives.