| Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
|---|---|---|---|---|---|---|
| 1 | 1 | FedEx Logistics | United States | $57,198 | $62,335 | 91.8% |
| 2 | 2 | UPS Inc. | United States | $57,100 | $65,872 | 86.7% |
| 3 | 3 | China Railway Corp. | China | $39,395 | $150,274 | 26.2% |
| 4 | 4 | Maersk | Denmark | $29,096 | $30,945 | 94% |
| 5 | 5 | Russian Railways | Russia | $26,285 | $38,594 | 68.1% |
| 6 | 6 | Deutsche Post DHL Group | Germany | $21,915 | $68,271 | 32.1% |
| 7 | 9 | Mediterranean Shipping Co. | Switzerland | $21,428 | $21,428 | 100% |
| 8 | 7 | Union Pacific Corp. | United States | $21,240 | $21,240 | 100% |
| 9 | 10 | CMA CGM Group | France | $21,116 | $21,116 | 100% |
| 10 | 8 | BNSF Railway | United States | $20,406 | $21,387 | 95.4% |
| 11 | 11 | Indian Railways | India | $17,948 | $25,311 | 64.8% |
| 12 | 13 | Mitsui O.S.K. Lines | Japan | $13,958 | $14,830 | 94.1% |
| 13 | 12 | NYK Group | Japan | $13,869 | $19,903 | 69.7% |
| 14 | 18 | COSCO Shipping Holdings Co. | China | $13,378 | $13,378 | 100% |
| 15 | 14 | Deutsche Bahn AG | Germany | $12,578 | $48,234 | 26.1% |
| 16 | 17 | CSX Corp. | United States | $11,408 | $11,408 | 100% |
| 17 | 15 | Hapag-Lloyd AG | Germany | $11,264 | $11,264 | 100% |
| 18 | 16 | Yamato Holdings | Japan | $11,190 | $15,459 | 72% |
| 19 | 19 | Norfolk Southern Corp. | United States | $10,551 | $10,551 | 100% |
| 20 | 22 | SF Express | China | $10,522 | $10,522 | 100% |
| 21 | 20 | Kawasaki Kisen Kaisha Ltd. (K Line) | Japan | $10,166 | $10,166 | 100% |
| 22 | 21 | Canadian National Railway | Canada | $9,766 | $10,054 | 97% |
| 23 | 23 | XPO | United States | $7,516 | $15,381 | 48.9% |
| 24 | 25 | GeoPost Group | France | $7,350 | $7,699 | 95.5% |
| 25 | 24 | SG Holdings | Japan | $7,302 | $9,003 | 81.1% |
| 26 | 27 | J.B. Hunt Transport Services | United States | $6,181 | $7,190 | 86% |
| 27 | 28 | Orient Overseas (International) Ltd. | Hong Kong | $6,108 | $6,108 | 100% |
| 28 | 30 | Canadian Pacific Railway | Canada | $4,915 | $5,053 | 97.3% |
| 29 | 29 | Yellow Corp. | United States | $4,891 | $4,891 | 100% |
| 30 | 32 | Knight-Swift Transportation | United States | $4,634 | $5,186 | 89.4% |
| 31 | 35 | Evergreen Marine Corp. | Taiwan | $4,444 | $4,947 | 88.9% |
| 32 | 31 | Hyundai Merchant Marine Co. | South Korea | $4,438 | $4,438 | 100% |
| 33 | 33 | Yang Ming Marine Transport Corp. | Taiwan | $4,303 | $4,303 | 100% |
| 34 | 34 | Transnet Group | South Africa | $3,775 | $4,918 | 76.8% |
| 35 | 36 | Schneider | United States | $3,647 | $4,384 | 83.2% |
| 36 | 40 | TFI International | Canada | $3,460 | $3,655 | 94.7% |
| 37 | 39 | Emirates Group | United Arab Emirates | $3,386 | $24,831 | 13.6% |
| 38 | 38 | Old Dominion Freight Line | United States | $3,358 | $3,358 | 100% |
| 39 | 37 | Nippon Express | Japan | $3,117 | $17,798 | 17.5% |
| 40 | 43 | Cathay Pacific Airways | Hong Kong | $3,067 | $12,483 | 24.6% |
| 41 | 41 | Toll Group | Australia | $3,023 | $6,282 | 48.1% |
| 42 | 44 | ZIM Integrated Shipping Services | Israel | $2,978 | $2,978 | 100% |
| 43 | 46 | Lufthansa Group | Germany | $2,851 | $40,186 | 7.1% |
| 44 | 38 | Pacific International Lines | Singapore | $2,616 | $3,798 | 68.9% |
| 45 | 45 | Kansas City Southern | United States | $2,583 | $2,583 | 100% |
| 46 | 48 | Estes Express Lines | United States | $2,476 | $2,746 | 90.2% |
| 47 | 50 | Korean Air | South Korea | $2,473 | $10,387 | 23.8% |
| 48 | 42 | Aurizon | Australia | $2,409 | $2,409 | 100% |
| 49 | - | Wallenius Wilhelmsen Group | Norway | $2,404 | $3,024 | 79.5% |
| 50 | - | Kazakhstan Temir Zholy | Kazakhstan | $2,349 | $2,785 | 84.3% |
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
To be included in the Top 50 list, please send contact information to tteditor@ttnews.com. We will contact you via phone or e-mail to get information about your company prior to publication of the next Top 50 list.
FedEx Freight Spinoff to Create Largest LTL Carrier
FedEx Corp. on Dec. 19 announced its intent to spin off its FedEx Freight unit into a separate company, creating the largest publicly traded LTL carrier in North America in the process.
December 19, 2024Amazon Rejects Senate Report on Workplace Safety Standards
Amazon has long been a target of worker’s rights advocates and labor unions, who say the company pushes its employees too hard in the name of getting packages to customers quickly.
December 16, 2024Postal Service Head Says Aging Trucks Need Upgrades
Postmaster General Louis DeJoy said the Postal Service needs to replace aging trucks, and he wasn’t aware of an effort by the incoming presidential administration to cancel plans to buy EVs.
December 6, 2024Hapag-Lloyd Profitable Despite Global Downturn
HAMBURG, Germany — The German shipping company Hapag-Lloyd says it has made a good profit so far this year, despite the economic downturn and several international crises.
November 14, 2024Amazon Aims at Temu With Low-Priced Storefront Called Haul
Amazon launched an online storefront designed to compete with Temu, the low-cost shopping app that gained traction with shoppers who trade longer shipping times for rock-bottom prices.
November 13, 2024Nikola Leads Field in Hydrogen Fuel Cell EV Deployment
Hydrogen fuel cell electric vehicles may be envisioned as the future workhorse of a decarbonized longhaul freight sector, but their development has proceeded at a measured pace.
November 7, 2024Retailers Offer ‘Returnless Refunds’ to Reduce Shipping Fees
Returnless refunds are a tool that more retailers are using to keep online shoppers happy and to reduce shipping fees, processing time and other ballooning costs from returned products.
November 4, 2024Ocean, Airfreight Volumes Falter in Rocky 2023
Shippers faced hurdles with both ocean freight and airfreight in 2023, leading to declined volumes at North America's top container ports and airports.
November 1, 2024Top 50 Freight Companies Endure Global Trade Slump
A slump in international trade, geopolitical conflicts and economic uncertainty created a difficult business environment for the largest transportation and logistics providers in 2023.
November 1, 2024Looking Up: Airfreight Demand Takes Off in 2024
Demand for global air cargo traffic continues to increase amid e-commerce growth and ocean shipping constraints, driving prices higher as carriers and airports seek new efficiencies to maximize capacity.
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