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

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

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

CVC Willing to Bump DB Schenker Bid After Losing to DSV

CVC Capital Partners signaled it’s willing to increase its 14 billion-euro ($15.6 billion) offer for Deutsche Bahn AG’s logistics unit after losing the bidding to Danish company DSV A/S.

Aaron Kirchfeld | Bloomberg News
September 18, 2024
Business, Logistics, Private, Global Freight

Amazon Boosts Warehouse Worker Pay by at Least $1.50 an Hour

Amazon.com Inc. is raising the pay of its hourly warehouse workers by at least $1.50 an hour and tacking on Prime memberships to their benefits package.

Matt Day | Bloomberg News
September 18, 2024
Government, Business, Logistics, Global Freight

Port Dockworkers Threaten to Strike Over Automation, Pay

About 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nation’s cargo from ships.

Tom Krisher | Associated Press
September 18, 2024
Business, Technology, Logistics, Private, Global Freight

Intel to Make Custom AI Chip for Amazon, Delay German Plant

Intel and Amazon’s AWS will co-invest in a custom semiconductor for artificial intelligence computing — what’s known as a fabric chip — in a “multiyear, multibillion-dollar framework.” 

Ian King | Bloomberg News
September 17, 2024
Business, Technology, Fuel, Logistics, Private, Global Freight

PepsiCo, Maersk, Others Team Up on Electric Truck Pilot

A high-powered coalition is spearheading efforts to electrify the Interstate 10 trucking corridor.

Keiron Greenhalgh | Staff Reporter
September 17, 2024
Business, Technology, Global Freight

After EVs, China’s CATL Seeks to Dominate Electric Trucks

CATL has in a short space of time become the world’s largest maker of electric car batteries. Now the Chinese company wants to dominate in trucks globally.

Chunying Zhang | Bloomberg News
September 16, 2024
Business, Logistics, Global Freight, Top 100, Top 50

DSV Buys DB Schenker for $15.9B, Creating Logistics Giant

DSV, founded by 10 Danish truckers in the 1970s, has grown through a string of acquisitions in the fragmented transport industry, including buying targets that were larger than itself.

Christian Wienberg | Bloomberg News
September 13, 2024
Business, Technology, Logistics, Global Freight, Top 100, Top 50

Amazon to Boost Contract Driver Pay to Nearly $22 an Hour

Amazon.com Inc. plans to spend an additional $2.1 billion on its contract delivery program, including safety programs, training and additional pay for the contracting firms.

Matt Day | Bloomberg News
September 12, 2024
Business, Logistics, Global Freight

DSV Reported to Be in Advanced Talks to Buy DB Schenker

DSV A/S is in advanced talks to acquire Deutsche Bahn AG’s logistics unit DB Schenker in a $15.4 billion deal, people with knowledge of the matter said.

Eyk Henning | Bloomberg News
September 11, 2024
Government, Business, Logistics, For-Hire, Global Freight

USPS to End Discounts for Consolidators Including UPS, DHL

The U.S. Postal Service said Sept. 11 that it is ending discounts that shipping consolidators such as UPS and DHL use to get packages to the nation’s doorsteps.

David Sharp | Associated Press
September 11, 2024
Archives
  • 2023

  • 2022

  • 2021

  • 2020

  • 2019

  • 2018

  • 2017

  • 2016

  • 2015