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% |
41 | - | Ryder System | USA | $6,660 | $11,783 | 56.5% |
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% |
37 | 47 | Rhenus Group | Germany | $7,644 | $8,115 | 94.2% |
36 | 40 | Dachser Group | Germany | $7,682 | $7,682 | 100% |
35 | 34 | XPO | USA | $7,744 | $7,744 | 100% |
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% |
29 | 32 | Norfolk Southern | USA | $12,156 | $12,156 | 100% |
28 | 31 | Canadian National Railway | Canada | $12,459 | $12,459 | 100% |
27 | 28 | SNCF Group | France | $12,594 | $45,140 | 27.9% |
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% |
20 | 19 | C.H. Robinson | USA | $16,373 | $17,605 | 93% |
19 | 24 | Geopost | France | $16,976 | $16,976 | 100% |
18 | 13 | Hapag-Lloyd | Germany | $19,400 | $19,400 | 100% |
17 | 22 | Indian Railways | India | $19,634 | $31,017 | 63.3% |
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% |
12 | 15 | Deutsche Bahn Group | Germany | $26,735 | $48,876 | 54.7% |
11 | 10 | SF Express | China | $27,182 | $27,182 | 100% |
10 | 9 | Kuehne + Nagel International | Switzerland | $29,659 | $29,659 | 100% |
9 | 12 | China State Railway Group | China | $35,181 | $178,584 | 19.7% |
8 | 11 | Mediterranean Shipping Co. | Switzerland | $42,286 | $42,286 | 100% |
7 | 7 | CMA CGM | France | $47,020 | $47,020 | 100% |
6 | 5 | Maersk | Denmark | $48,905 | $51,049 | 95.8% |
5 | 4 | DHL Group | Germany | $66,119 | $88,513 | 74.7% |
4 | 6 | United States Postal Service | USA | $79,324 | $79,324 | 100% |
3 | 2 | UPS Inc. | USA | $90,958 | $90,958 | 100% |
2 | 3 | FedEx Corp. | USA | $93,316 | $93,316 | 100% |
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
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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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