| Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
|---|---|---|---|---|---|---|
| 50 | 49 | Korean Air | South Korea | $2,107 | $9,918 | 21.2% |
| 49 | - | Ukrainian Railways | Ukraine | $2,131 | $2,605 | 81.8% |
| 48 | - | Estes Express Lines | United States | $2,155 | $2,397 | 89.9% |
| 47 | 38 | Pacific International Lines | Singapore | $2,194 | $3,184 | 68.9% |
| 46 | 48 | Lufthansa Group | Germany | $2,307 | $35,043 | 6.6% |
| 45 | - | Kansas City Southern | United States | $2,334 | $2,334 | 100.0% |
| 44 | 42 | ZIM Integrated Shipping Services | Israel | $2,540 | $2,540 | 100.0% |
| 43 | 43 | Cathay Pacific Airways | Hong Kong | $2,584 | $11,946 | 21.6% |
| 42 | 47 | Aurizon | Australia | $2,588 | $2,588 | 100.0% |
| 41 | 39 | Toll Group | Australia | $2,838 | $5,898 | 48.1% |
| 40 | 41 | TFI International | Canada | $2,857 | $2,994 | 95.4% |
| 39 | 40 | Emirates Group | United Arab Emirates | $2,884 | $22,799 | 12.6% |
| 38 | 44 | Old Dominion Freight Line | United States | $2,992 | $2,992 | 100.0% |
| 37 | 46 | Nippon Express | Japan | $2,993 | $17,092 | 18.3% |
| 36 | 37 | Schneider | United States | $3,383 | $4,046 | 83.6% |
| 35 | 35 | Evergreen Marine Corp. | Taiwan | $3,412 | $3,836 | 88.9% |
| 34 | 36 | Transnet Group | South Africa | $3,426 | $4,464 | 76.8% |
| 33 | 33 | Yang Ming Marine Transport Corp. | Taiwan | $3,579 | $3,579 | 100.0% |
| 32 | 34 | Swift Transportation | United States | $3,721 | $4,032 | 92.3% |
| 31 | 31 | Hyundai Merchant Marine Co. | South Korea | $3,749 | $3,749 | 100.0% |
| 30 | 29 | Canadian Pacific Railway | Canada | $4,508 | $4,636 | 97.2% |
| 29 | 32 | Yellow Corp. | United States | $4,698 | $4,698 | 100.0% |
| 28 | 27 | Orient Overseas International | Hong Kong | $5,298 | $5,298 | 100.0% |
| 27 | 28 | J.B. Hunt Transport Services | United States | $5,717 | $6,555 | 87.2% |
| 26 | 24 | Hamburg Süd Group | Germany | $6,234 | $6,234 | 100.0% |
| 25 | 26 | GeoPost Group | France | $6,583 | $6,825 | 96.5% |
| 24 | 25 | SG Holdings Group | Japan | $7,142 | $8,858 | 80.6% |
| 23 | 30 | XPO | United States | $7,388 | $14,619 | 50.5% |
| 22 | 22 | SF Express | China | $8,585 | $8,585 | 100.0% |
| 21 | 21 | Canadian National Railway | Canada | $8,689 | $8,953 | 97.0% |
| 20 | 18 | Kawasaki Kisen Kaisha Ltd. (K Line) | Japan | $9,465 | $9,465 | 100.0% |
| 19 | 19 | Norfolk Southern Corp. | United States | $9,888 | $9,888 | 100.0% |
| 18 | 12 | China COSCO Shipping Corp. | China | $10,518 | $10,518 | 100.0% |
| 17 | 17 | CSX Corp. | United States | $11,069 | $11,069 | 100.0% |
| 16 | 20 | Yamato Group | Japan | $11,136 | $16,881 | 66.0% |
| 15 | 15 | Hapag-Lloyd AG | Germany | $11,662 | $11,662 | 100.0% |
| 14 | 16 | Deutsche Bahn AG | Germany | $12,085 | $44,912 | 26.9% |
| 13 | 14 | Mitsui O.S.K Lines | Japan | $12,731 | $13,607 | 93.6% |
| 12 | 13 | NYK Group | Japan | $12,789 | $18,395 | 69.5% |
| 11 | 11 | Indian Railways | India | $15,929 | $24,574 | 64.8% |
| 10 | 7 | CMA CGM Group | France | $15,977 | $15,977 | 100.0% |
| 9 | 10 | Mediterranean Shipping Co. | Switzerland | $17,675 | $17,675 | 100.0% |
| 8 | 8 | BNSF Railway | United States | $18,921 | $19,829 | 95.4% |
| 7 | 5 | Union Pacific Corp. | United States | $19,941 | $19,941 | 100.0% |
| 6 | 9 | Deutsche Post DHL Group | Germany | $20,260 | $63,460 | 31.9% |
| 5 | 6 | Russian Railways | Russia | $20,863 | $31,957 | 65.3% |
| 4 | 4 | Maersk | Denmark | $26,410 | $36,408 | 72.5% |
| 3 | 3 | China Railway Corp. | China | $32,445 | $136,680 | 23.7% |
| 2 | 2 | UPS Inc. | United States | $53,387 | $60,906 | 87.7% |
| 1 | 1 | FedEx Corp. | United States | $55,684 | $60,319 | 93.3% |
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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The pandemic’s cargo crush pushed the Los Angeles and Long Beach complex close to the breaking point, allowing ports from New York-New Jersey to Houston to grow their market share.
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May 4, 2023DHL Plans Third Air Cargo Hub in California
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May 1, 2023FedEx Freight Plans Closure of 29 Locations
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May 1, 2023Nippon Express in Talks to Buy Logistics Firm Cargo-Partner
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April 18, 2023CMA CGM Offers to Buy Bolloré Logistics for $5.5 Billion
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April 18, 2023FedEx Boosts Profit Forecast, Cites Cost Cuts as Effective
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March 17, 2023Global Supply Chains Back to Normal, N.Y. Fed Says
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March 6, 2023French 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.
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