|Rank This Year||Rank Last Year||Company||Headquarters||Freight Revenue (Millions)||Total Revenue (Millions)||Freight Revenue Share|
|3||3||China State Railway Group||China||$46,357||$164,346||28.2%|
|5||8||Mediterranean Shipping Co||Switzerland||$29,995||$29,995||100.0%|
|6||7||Deutsche Post DHL||Germany||$26,779||$76,191||35.1%|
|17||15||Deutsche Bahn Group||Germany||$12,357||$45,508||27.2%|
|23||21||Mitsui O.S.K Lines||Japan||$8,721||$9,556||91.3%|
|25||25||J.B. Hunt Transport Services||USA||$8,022||$9,637||83.2%|
|26||28||Evergreen Marine Corp.||Taiwan||$6,565||$7,029||93.4%|
|27||26||Kawasaki Kisen Kaisha Ltd. (K Line)||Japan||$5,967||$5,967||100.0%|
|28||27||Canadian Pacific Railway||Canada||$5,624||$5,750||97.8%|
|29||31||Hyundai Merchant Marine Co.||South Korea||$5,438||$5,438||100.0%|
|30||35||General Logistics Systems (Royal Mail)||Netherlands||$5,183||$5,183||100.0%|
|33||30||Yang Ming Marine Transport Co.||Taiwan||$4,632||$5,135||90.2%|
|36||33||Old Dominion Freight Line||USA||$4,015||$4,015||100.0%|
|37||39||ZIM Integrated Shipping Services||Israel||$3,992||$3,992||100.0%|
|38||Korean Air||South Korea||$3,605||$6,280||57.4%|
|39||41||Cathay Pacific Airways||Hong Kong||$3,596||$6,051||59.4%|
|41||44||Toll Group (Japan Post)||Australia||$3,503||$7,112||49.3%|
|47||34||Transnet Group||South Africa||$2,995||$3,770||79.5%|
|48||Wan Hai Lines||Taiwan||$2,779||$2,779||100.0%|
|50||43||Kansas City Southern||USA||$2,633||$2,633||100.0%|
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 Corp. is cutting global officer and director jobs by more than 10%, the courier’s latest cost-saving measure as economic concerns and waning e-commerce weigh on demand for package delivery.
The pandemic-era surge in shipping costs was a “smoking gun” that foretold the global inflation spike, and the sharp drop in maritime-freight expenses since peaking last year will contribute to an easing in price pressures.
Union Pacific Corp. reported fourth-quarter profit that missed analysts’ estimates as disruptions from winter storms drove up costs.
The Port of Mobile has set a new record for annual container traffic, beating the benchmark it set in 2021 by more than 11%.
A year ago in early January, a record 109 containerships carrying U.S. imports surrounded the twin ports of Los Angeles and Long Beach, Calif. — as of today, the queue is gone.
Labor unrest took an unusually heavy toll on ports around the world in 2022, and the outlook for continued economic instability could bring even more upheaval to global supply chains in 2023.
Since 2020, a pandemic-fueled supply crunch, Russia’s war with Ukraine, and a deepening rift in the U.S.-China trade relationship have hammered home the idea that the world needs more resilient trade networks.
A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a further sign of the industry’s growing concerns about losses stemming from the conflict.
FedEx Corp. on Dec. 20 reported fiscal-year, second-quarter income that beat Wall Street expectations and revenue that fell below expectations.
Union Pacific says it will stop imposing temporary limits on certain businesses’ shipments while it reviews the policy that federal regulators and shippers criticized at a hearing in mid-December.