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 |
---|---|---|---|---|---|---|
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% |
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.
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.
Port of Baltimore Terminal to Have $1.54B Impact, Study Finds
The planned Sparrows Point terminal is expected to transform Maryland’s economy over a decade, generating more than 8,000 jobs and adding $1.54 billion a year in economic impact.
Amazon Prime Day Sales Rise 13% in First Six Hours of Event
Amazon’s Prime Day sales rose about 13% in the first six hours of the event compared with the same period last year, according to Momentum Commerce.
Two Suspected Houthi Attacks Strike Ships in Red Sea
DUBAI, United Arab Emirates — Two suspected attacks by Yemen’s Houthi rebels targeted ships in the Red Sea on July 15, as a new U.S. aircraft carrier approached the region to provide security.
Maersk Tankers Bet Billions on Ammonia Fuel Carriers
Some of the biggest names in shipping are betting billions on tankers to transport a type of ammonia that’s scarcely being produced today, wagering it will become integral to decarbonization.
July 15, 2024Amazon Says Its Carbon Emissions Fell in 2023
Amazon.com Inc. says its carbon emissions fell for a second straight year in 2023 as the company cut spending on new warehouses and cloud-computing data centers.
Maersk Warns of Shipping Delays Due to Extreme Weather
A.P. Moller-Maersk A/S warned extreme weather conditions and a storm surge lashing the South African coast are expected to cause shipping delays.
Maersk Drops Out of Bidding for Logistics Giant DB Schenker
A.P. Moller-Maersk A/S withdrew its bid for DB Schenker, the logistics unit of Deutsche Bahn AG that has been reported to be valued at more than $16.1 billion.
July 1, 2024Amazon Plans Discount Web Store to Counter Upstarts
Amazon.com Inc. plans to launch an online storefront for low-priced apparel and home goods, the company’s biggest move to date to counter the rise of discount upstarts like Temu and Shein.
UPS to Sell Coyote Logistics to RXO
UPS Inc. has entered into a definitive agreement to sell its asset-light freight brokerage business, Coyote Logistics, to RXO Inc., the company announced June 23.
Amazon Is Shifting to Recycled Paper Filling for Packages
Amazon is shifting from the plastic air pillows used for packaging in North America to recycled paper because it’s more environmentally sound, and it says paper just works better.