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

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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 Freight News
Government, Business, Logistics, Private, Global Freight

Thousands of Drivers File Arbitration Claims Against Amazon

NEW YORK — Thousands of delivery drivers filed legal claims against Amazon on June 11, alleging the company’s classification of them as independent contractors has led to unpaid wages.

Haleluya Hadero | Associated Press
June 11, 2024
Government, Business, Logistics, Global Freight

Dockworkers at Ports From Boston to Houston Halt Labor Talks

The union representing dockworkers at East and Gulf Coast container ports has suspended labor contract negotiations set for June 11, citing a dispute over automation.

Laura Curtis | Bloomberg News
June 11, 2024
Business, Safety, Logistics, Global Freight

Maersk Raises Profit Outlook

A.P. Moller-Maersk, a bellwether for global trade, said the world’s supply lines are more impacted than previously expected by the ripple effects coming from the congestion in the Red Sea.

Christian Wienberg | Bloomberg News
June 4, 2024
Business, Technology, Autonomous, Global Freight

Einride Becomes Peterbilt’s Biggest BET Customer

Einride will buy 150 Model 579EV battery-electric trucks from Peterbilt, the truck maker’s biggest EV order so far, the companies said.

Keiron Greenhalgh | Staff Reporter
June 3, 2024
Government, Business, Safety, Logistics, Global Freight

Ships Diverted From Red Sea Send Ripple Effects Across Globe

Nearly six months into the Houthis’ relentless campaign to protest Israel’s war in Gaza, the economic fallout is widening.

Brendan Murray | Bloomberg News
June 3, 2024
Government, Business, Technology, Logistics, Autonomous, Private, Global Freight

Amazon to Expand US Drone Service

Amazon.com’s Prime Air drone program has been cleared by regulators to fly devices beyond the visual line of sight of pilots, increasing range and giving more customers access to the service.

Lynn Doan | Bloomberg News
May 30, 2024
Business, Logistics, Global Freight

Some Shipping Container Costs Hit $10,000

Companies transporting goods from Asia face costs of as much $10,000 for an urgent full-size shipping container over the next month — about double current spot rates.

Brendan Murray | Bloomberg News
May 29, 2024
Business, Logistics, Global Freight

Trade Strains Boost Ocean Shipping Cargo Rates

Global goods trade is showing signs of accelerating after last year’s slump, pushing up shipping rates and giving some supply chain managers flashbacks to the demand spike three years ago.

Brendan Murray | Bloomberg News
May 28, 2024
Business, Private, Global Freight

Walmart Delivers Strong First Quarter

NEW YORK — Walmart Inc. reported another quarter of strong results May 16 as its low prices pull in shoppers scouring for discounts with inflation stubbornly high.

Anne D’Innocenzio | Associated Press
May 16, 2024
Business, Logistics, Private, Global Freight

Amazon Workers Say They Struggle to Afford Food, Rent

Five years after Amazon.com Inc. raised wages to $15 an hour, half of warehouse workers surveyed by researchers say they struggle to afford enough food or a place to live.

Matt Day | Bloomberg News
May 15, 2024
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