|Rank This Year||Rank Last Year||Company||Headquarters||Freight Revenue (Millions)||Total Revenue (Millions)||Freight Revenue Share|
|1||1||FedEx Corp.||United States||$55,684||$60,319||93.3%|
|2||2||UPS Inc.||United States||$53,387||$60,906||87.7%|
|3||3||China Railway Corp.||China||$32,445||$136,680||23.7%|
|6||9||Deutsche Post DHL Group||Germany||$20,260||$63,460||31.9%|
|7||5||Union Pacific Corp.||United States||$19,941||$19,941||100.0%|
|8||8||BNSF Railway||United States||$18,921||$19,829||95.4%|
|9||10||Mediterranean Shipping Co.||Switzerland||$17,675||$17,675||100.0%|
|10||7||CMA CGM Group||France||$15,977||$15,977||100.0%|
|13||14||Mitsui O.S.K Lines||Japan||$12,731||$13,607||93.6%|
|14||16||Deutsche Bahn AG||Germany||$12,085||$44,912||26.9%|
|17||17||CSX Corp.||United States||$11,069||$11,069||100.0%|
|18||12||China COSCO Shipping Corp.||China||$10,518||$10,518||100.0%|
|19||19||Norfolk Southern Corp.||United States||$9,888||$9,888||100.0%|
|20||18||Kawasaki Kisen Kaisha Ltd. (K Line)||Japan||$9,465||$9,465||100.0%|
|21||21||Canadian National Railway||Canada||$8,689||$8,953||97.0%|
|23||30||XPO Logistics||United States||$7,388||$14,619||50.5%|
|24||25||SG Holdings Group||Japan||$7,142||$8,858||80.6%|
|26||24||Hamburg Süd Group||Germany||$6,234||$6,234||100.0%|
|27||28||J.B. Hunt Transport Services||United States||$5,717||$6,555||87.2%|
|28||27||Orient Overseas International||Hong Kong||$5,298||$5,298||100.0%|
|29||32||Yellow Corp.||United States||$4,698||$4,698||100.0%|
|30||29||Canadian Pacific Railway||Canada||$4,508||$4,636||97.2%|
|31||31||Hyundai Merchant Marine Co.||South Korea||$3,749||$3,749||100.0%|
|32||34||Swift Transportation||United States||$3,721||$4,032||92.3%|
|33||33||Yang Ming Marine Transport Corp.||Taiwan||$3,579||$3,579||100.0%|
|34||36||Transnet Group||South Africa||$3,426||$4,464||76.8%|
|35||35||Evergreen Marine Corp.||Taiwan||$3,412||$3,836||88.9%|
|38||44||Old Dominion Freight Line||United States||$2,992||$2,992||100.0%|
|39||40||Emirates Group||United Arab Emirates||$2,884||$22,799||12.6%|
|43||43||Cathay Pacific Airways||Hong Kong||$2,584||$11,946||21.6%|
|44||42||ZIM Integrated Shipping Services||Israel||$2,540||$2,540||100.0%|
|45||Kansas City Southern||United States||$2,334||$2,334||100.0%|
|47||38||Pacific International Lines||Singapore||$2,194||$3,184||68.9%|
|48||Estes Express Lines||United States||$2,155||$2,397||89.9%|
|50||49||Korean Air||South Korea||$2,107||$9,918||21.2%|
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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Global Freight News
FedEx Boosts Profit Forecast, Cites Cost Cuts as Effective
FedEx Corp.’s shares jumped the most in nine months after the courier boosted its profit outlook, signaling efforts to cut costs are helping counter a decline in package volume.
Global Supply Chains Back to Normal, N.Y. Fed Says
Global supply chains have returned to normal, the Federal Reserve Bank of New York said, almost three years after COVID-19 was declared a pandemic.
French Shipping Giant CMA CGM Warns Demand Is Falling
French shipping giant CMA CGM SA warned of a steep drop in demand so far this year, extending a slump that led to a more than halving of quarterly profit.
Supply Chain Envoy Says Automating Ports Doesn’t Have to Cost Jobs
The White House’s supply chain envoy said the ports and logistics industry must move toward automation, a sticking point in protracted contract talks between U.S. West Coast dockworkers and their employers.
USPS Buys Electric Vans, Charging Stations in Bulk
WASHINGTON — The U.S. Postal Service is buying 9,250 Ford Motor Co. electric vans and 14,000 charging stations as part of a move to switch its fleet to electric vehicles.March 1, 2023
Supply Chains Have Healed, Yet Their Mark on Inflation to Endure
Supply chains across the world are healing up almost as fast as they broke down. That doesn’t mean the pressure they’re exerting on inflation will disappear as quickly.
FedEx Pilots Plan Strike Authorization Vote as Labor Talks Stall
FedEx Corp. pilots are inching closer to a potential strike as negotiations stall on a new labor agreement.
Maersk Suing Evergreen Over 2021 Suez Canal Blockage
Shipping giant A.P. Moeller-Maersk said in an email to The Associated Press that it filed a claim against Evergreen Marine Corp., the vessel’s Japanese owner and its German technical manager in the Danish Maritime and Commercial High Court.
Maersk Sees Global Trade Contracting as Much as 2.5% in 2023
A.P. Moller-Maersk A/S said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year.
Thousands of CSX Workers First to Get Paid Sick Leave
OMAHA, Neb. — Several thousand workers at CSX will soon get one of the things that pushed the U.S. railroad industry to the brink of a strike last fall: paid sick time.