|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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Europe’s biggest container lines want to phase out ships powered only by fossil fuels, they say in a proposal jointly made by Mediterranean Shipping Co., Maersk, CMA CGM and Hapag-Lloyd.
Congestion at the Panama Canal could result in delays at Egypt’s Suez Canal, possibly affecting cargoes of liquefied natural gas, according to an official at Angelicoussis Group.
DP World Plc said workers’ personal information was stolen in the November cyberattack on the port operator’s Australian business.
Ships sailing to European ports face a combined carbon emissions bill of $3.6 billion next year, the start of a levy that’s likely to rise as Europe steps up efforts to combat climate change.November 21, 2023
Carriers like the U.S. Postal Service, FedEx and UPS Inc. have capacity to meet projected demand this holiday season, which is cheery news for shippers and shoppers alike.
The container shipping industry, after two years of record-high freight rates and slow deliveries, is seeing its boom become a bust due to oversupply following the COVID-19 demand highs.
DP World Plc is struggling to work through a backlog of 30,000 shipping containers piled up at ports across Australia as the company resumes operations after a cyberattack.
The container shipping industry faces a few years of headwinds as low freight rates and widening geopolitical turmoil cloud the outlook, according to Hapag-Lloyd AG CEO Rolf Habben Jansen.
The Port of Long Beach will improve and expand several roadways within its Pier B railyard, officials announced on Nov. 3, with a $52.6 million grant from the Department of Transportation.
2022 saw an eastern shift in container shipping within the United States, while airfreight volumes dipped across North America.