2023 Essential Revenue and Operating Information for the 50 Largest Global Freight Companies
Up Front

Infrastructure and automation improvements have helped port operators, but there is still more work to be done.

A new No. 1 leads off this year’s Transport Topics Top 50 list of the world’s largest freight companies.

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
1 - Amazon.com Inc. USA $117,716 $514,044 22.9%
2 1 UPS Inc. USA $100,338 $100,338 100%
3 2 FedEx Corp. USA $90,155 $90,155 100%
4 3 DHL Group Germany $87,036 $108,254 80.4%
5 5 Maersk Denmark $80,023 $81,490 98.2%
6 4 United States Postal Service USA $78,507 $78,507 100%
7 6 CMA CGM France $74,500 $74,500 100%
8 7 Cosco Shipping Group China $58,108 $58,108 100%
9 8 Kuehne + Nagel International Switzerland $45,066 $45,066 100%
10 12 SF Express China $41,838 $41,838 100%
11 10 Mediterranean Shipping Co. Switzerland $38,938 $38,938 100%
12 11 China State Railway Group China $38,475 $199,352 19.3%
13 15 Hapag-Lloyd Germany $36,319 $36,319 100%
14 13 DSV A/S (North America) Denmark $33,298 $33,298 100%
15 9 Deutsche Bahn Group Germany $31,101 $43,681 71.2%
16 - Ocean Network Express Japan $29,916 $29,916 100%
17 16 BNSF Railway USA $25,888 $25,888 100%
18 18 Union Pacific Railroad USA $24,875 $24,875 100%
19 17 C.H. Robinson USA $23,516 $24,702 95.2%
20 21 Evergreen Marine Corp. Taiwan $20,587 $21,050 97.8%
21 - Nippon Express Japan $19,929 $19,929 100%
22 23 Indian Railways India $19,338 $22,885 84.5%
23 22 Expeditors International USA $17,071 $17,071 100%
24 20 Geopost France $16,402 $16,402 100%
25 19 Sinotrans China $16,169 $16,169 100%
26 27 CSX Corp. USA $14,853 $14,853 100%
27 28 J.B. Hunt Transport Services USA $14,814 $14,814 100%
28 25 SNCF Group France $14,429 $43,592 33.1%
29 29 HMM Co. South Korea $14,380 $14,380 100%
30 36 Yamato Holdings Japan $13,501 $13,693 98.6%
31 31 Canadian National Railway Canada $13,147 $13,147 100%
32 32 Norfolk Southern USA $12,745 $12,745 100%
33 33 ZIM Integrated Shipping Services Israel $12,562 $12,562 100%
34 26 XPO USA $12,121 $12,121 100%
35 30 SG Holdings Japan $11,649 $11,696 99.6%
36 35 Kerry Logistics Hong Kong $11,065 $11,065 100%
37 37 CJ Logistics South Korea $9,387 $9,387 100%
38 39 Yang Ming Marine Transport Co. Taiwan $8,755 $8,755 100%
39 41 Wan Hai Lines Taiwan $8,686 $8,686 100%
40 38 Dachser Group Germany $8,577 $8,577 100%
41 - Toll Group Australia $7,800 $7,800 100%
42 40 Bolloré Logistics France $7,477 $11,261 66.4%
43 45 Landstar System USA $7,437 $7,437 100%
44 47 Knight-Swift Transportation USA $7,429 $7,429 100%
45 42 TFI International Canada $7,357 $7,357 100%
46 43 Kintetsu World Express Japan $7,316 $7,316 100%
47 - Rhenus Group Germany $7,144 $7,584 94.2%
48 - GLS Group The Netherlands $6,656 $6,656 100%
49 49 Schneider USA $6,604 $6,604 100%
50 50 Old Dominion Freight Line USA $6,260 $6,260 100%
Extras

2022 saw an eastern shift in North American ocean freight, while airfreight dipped across the continent.

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

Learn more about Transport Topics’ Top 50 Global Freight Companies publication.

Global Freight News
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
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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
Business, Logistics, Global Freight

MSC CEO Soren Toft Rules Out New Shipping Alliance

MSC Mediterranean Shipping Co. plans to brave volatile shipping markets on its own, ruling out a new alliance just months before its partnership with A.P. Moller-Maersk A/S ends.

Alessandro Speciale | Bloomberg News
September 10, 2024
Business, Logistics, Global Freight

CVC Presses Case for Schenker Bid to Deutsche Bahn Officials

CVC Capital Partners is pressing the case for its takeover bid for Deutsche Bahn AG’s logistics arm DB Schenker with a fresh appeal to top officials at the German state-owned transport group.

September 9, 2024
Government, Business, Logistics, Global Freight

US Port Talks Kick Off in Effort to Avoid Strike

The union representing East and Gulf coast dockworkers kicks off a two-day meeting Sept. 4 in New Jersey to discuss wage demands with port employers under the threat of a disruptive strike.

Laura Curtis | Bloomberg News
September 4, 2024
Business, Logistics, Global Freight

Container Carrier Profits Soar on Record Volumes, High Rates

The global container shipping industry saw profits surge to more than $10 billion in the second quarter on record volumes and rising freight rates after Red Sea diversions.

Brendan Murray | Bloomberg News
September 3, 2024
Business, Logistics, Global Freight

Private Equity Gets Rare Support From Union on Schenker Sale

Verdi, Germany’s most powerful labor union, is making the unusual move of backing a private equity firm’s bid for Deutsche Bahn’s planned $15.5 billion sale of its Schenker logistics arm.

August 30, 2024
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