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.
| Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
|---|---|---|---|---|---|---|
| 50 | 50 | Old Dominion Freight Line | USA | $6,260 | $6,260 | 100% |
| 49 | 49 | Schneider | USA | $6,604 | $6,604 | 100% |
| 48 | - | GLS Group | The Netherlands | $6,656 | $6,656 | 100% |
| 46 | 43 | Kintetsu World Express | Japan | $7,316 | $7,316 | 100% |
| 45 | 42 | TFI International | Canada | $7,357 | $7,357 | 100% |
| 44 | 47 | Knight-Swift Transportation | USA | $7,429 | $7,429 | 100% |
| 43 | 45 | Landstar System | USA | $7,437 | $7,437 | 100% |
| 47 | - | Rhenus Group | Germany | $7,144 | $7,584 | 94.2% |
| 41 | - | Toll Group | Australia | $7,800 | $7,800 | 100% |
| 40 | 38 | Dachser Group | Germany | $8,577 | $8,577 | 100% |
| 39 | 41 | Wan Hai Lines | Taiwan | $8,686 | $8,686 | 100% |
| 38 | 39 | Yang Ming Marine Transport Co. | Taiwan | $8,755 | $8,755 | 100% |
| 37 | 37 | CJ Logistics | South Korea | $9,387 | $9,387 | 100% |
| 36 | 35 | Kerry Logistics | Hong Kong | $11,065 | $11,065 | 100% |
| 42 | 40 | Bolloré Logistics | France | $7,477 | $11,261 | 66.4% |
| 35 | 30 | SG Holdings | Japan | $11,649 | $11,696 | 99.6% |
| 34 | 26 | XPO | USA | $12,121 | $12,121 | 100% |
| 33 | 33 | ZIM Integrated Shipping Services | Israel | $12,562 | $12,562 | 100% |
| 32 | 32 | Norfolk Southern | USA | $12,745 | $12,745 | 100% |
| 31 | 31 | Canadian National Railway | Canada | $13,147 | $13,147 | 100% |
| 30 | 36 | Yamato Holdings | Japan | $13,501 | $13,693 | 98.6% |
| 29 | 29 | HMM Co. | South Korea | $14,380 | $14,380 | 100% |
| 27 | 28 | J.B. Hunt Transport Services | USA | $14,814 | $14,814 | 100% |
| 26 | 27 | CSX Corp. | USA | $14,853 | $14,853 | 100% |
| 25 | 19 | Sinotrans | China | $16,169 | $16,169 | 100% |
| 24 | 20 | Geopost | France | $16,402 | $16,402 | 100% |
| 23 | 22 | Expeditors International | USA | $17,071 | $17,071 | 100% |
| 21 | - | Nippon Express | Japan | $19,929 | $19,929 | 100% |
| 20 | 21 | Evergreen Marine Corp. | Taiwan | $20,587 | $21,050 | 97.8% |
| 22 | 23 | Indian Railways | India | $19,338 | $22,885 | 84.5% |
| 19 | 17 | C.H. Robinson | USA | $23,516 | $24,702 | 95.2% |
| 18 | 18 | Union Pacific Railroad | USA | $24,875 | $24,875 | 100% |
| 17 | 16 | BNSF Railway | USA | $25,888 | $25,888 | 100% |
| 16 | - | Ocean Network Express | Japan | $29,916 | $29,916 | 100% |
| 14 | 13 | DSV A/S (North America) | Denmark | $33,298 | $33,298 | 100% |
| 13 | 15 | Hapag-Lloyd | Germany | $36,319 | $36,319 | 100% |
| 11 | 10 | Mediterranean Shipping Co. | Switzerland | $38,938 | $38,938 | 100% |
| 10 | 12 | SF Express | China | $41,838 | $41,838 | 100% |
| 28 | 25 | SNCF Group | France | $14,429 | $43,592 | 33.1% |
| 15 | 9 | Deutsche Bahn Group | Germany | $31,101 | $43,681 | 71.2% |
| 9 | 8 | Kuehne + Nagel International | Switzerland | $45,066 | $45,066 | 100% |
| 8 | 7 | COSCO Shipping Group | China | $58,108 | $58,108 | 100% |
| 7 | 6 | CMA CGM | France | $74,500 | $74,500 | 100% |
| 6 | 4 | United States Postal Service | USA | $78,507 | $78,507 | 100% |
| 5 | 5 | Maersk | Denmark | $80,023 | $81,490 | 98.2% |
| 3 | 2 | FedEx Corp. | USA | $90,155 | $90,155 | 100% |
| 2 | 1 | UPS Inc. | USA | $100,338 | $100,338 | 100% |
| 4 | 3 | DHL Group | Germany | $87,036 | $108,254 | 80.4% |
| 12 | 11 | China State Railway Group | China | $38,475 | $199,352 | 19.3% |
| 1 | - | Amazon.com Inc. | USA | $117,716 | $514,044 | 22.9% |
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.
2022 saw an eastern shift in North American ocean freight, while airfreight dipped across the continent.
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Learn more about Transport Topics’ Top 50 Global Freight Companies publication.
NTSB Calls for California Shipping Fix After 2021 Oil Spill
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December 6, 2023Pilotless FedEx, Reliable Robotics Plane Completes Flight
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December 6, 2023Shipping Giants Want End Date for Fossil Fuel-Only Vessels
Europe’s biggest container lines want to phase out ships powered only by fossil fuels, they say in a proposal jointly made by Mediterranean Shipping Co., Maersk, CMA CGM and Hapag-Lloyd.
December 1, 2023Greek Shipping Giant Warns Panama Canal Chaos May Hit Suez
Congestion at the Panama Canal could result in delays at Egypt’s Suez Canal, possibly affecting cargoes of liquefied natural gas, according to an official at Angelicoussis Group.
November 29, 2023DP World Says Some Personal Employee Data Stolen in Hack
DP World Plc said workers’ personal information was stolen in the November cyberattack on the port operator’s Australian business.
November 28, 2023Shippers to Europe Facing $3.6 Billion Carbon Bill in 2024
Ships sailing to European ports face a combined carbon emissions bill of $3.6 billion next year, the start of a levy that’s likely to rise as Europe steps up efforts to combat climate change.
November 21, 2023Major Shippers Don’t Predict Issues Meeting Holiday Demand
Carriers like the U.S. Postal Service, FedEx and UPS Inc. have capacity to meet projected demand this holiday season, which is cheery news for shippers and shoppers alike.
November 21, 2023Container Shipping Seeing Major Cuts After $364 Billion Boom
The container shipping industry, after two years of record-high freight rates and slow deliveries, is seeing its boom become a bust due to oversupply following the COVID-19 demand highs.
November 14, 2023Australia Cyberattack Leaves 30,000 Containers Stuck at Ports
DP World Plc is struggling to work through a backlog of 30,000 shipping containers piled up at ports across Australia as the company resumes operations after a cyberattack.
November 13, 2023Container Shipping Set for Downturn, Hapag-Lloyd Chief Says
The container shipping industry faces a few years of headwinds as low freight rates and widening geopolitical turmoil cloud the outlook, according to Hapag-Lloyd AG CEO Rolf Habben Jansen.
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