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