Supply chain disruptions may be easing, but freight volumes continue to stir anxiety in shippers.
Non-asset based companies join the field in this year’s Global Freight Top 50 list.
Get a continent-by-continent and country-by-country look at where the Top 50 Global Freight Companies are based.
Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
---|---|---|---|---|---|---|
1 | 1 | UPS Inc. | USA | $97,287 | $97,287 | 100% |
2 | 2 | FedEx Corp. | USA | $92,110 | $92,110 | 100% |
28 | 25 | J.B. Hunt Transport Services | USA | $12,168 | $12,168 | 100% |
49 | 42 | Schneider | USA | $5,609 | $5,609 | 100% |
42 | 40 | TFI International | Canada | $7,220 | $7,220 | 100% |
45 | - | Landstar System | USA | $6,538 | $6,538 | 100% |
50 | 36 | Old Dominion Freight Line | USA | $5,256 | $5,256 | 100% |
26 | 24 | XPO | USA | $12,806 | $12,806 | 100% |
5 | 4 | Maersk | Denmark | $60,439 | $61,787 | 97.8% |
16 | 11 | BNSF Railway | USA | $23,282 | $23,282 | 100% |
10 | 5 | Mediterranean Shipping Co. | Switzerland | $32,399 | $32,399 | 100% |
23 | 13 | Indian Railways | India | $15,229 | $17,235 | 88.4% |
24 | 22 | NYK Group | Japan | $13,862 | $15,192 | 91.2% |
6 | 8 | CMA CGM | France | $56,193 | $56,193 | 100% |
27 | 18 | CSX Corp. | USA | $12,522 | $12,522 | 100% |
44 | 27 | Kawasaki Kisen Kaisha Ltd. (K Line) | Japan | $6,893 | $6,893 | 100% |
31 | 19 | Canadian National Railway | Canada | $11,547 | $11,547 | 100% |
12 | 9 | SF Express | China | $29,644 | $29,644 | 100% |
21 | 26 | Evergreen Marine Corp. | Taiwan | $17,031 | $17,522 | 97.2% |
33 | 37 | ZIM Integrated Shipping Services | Israel | $10,729 | $10,729 | 100% |
48 | 32 | Emirates Group | United Arab Emirates | $5,895 | $15,867 | 37.2% |
14 | 10 | Russian Railways | Russia | $27,536 | $33,073 | 83.3% |
13 | - | DSV A/S (North America) | Denmark | $28,983 | $28,983 | 100% |
47 | 35 | Knight-Swift Transportation | USA | $5,998 | $5,998 | 100% |
34 | 23 | Mitsui O.S.K. Lines | Japan | $10,655 | $11,159 | 95.5% |
36 | 15 | Yamato Holdings | Japan | $9,926 | $14,927 | 66.5% |
30 | 21 | SG Holdings | Japan | $11,616 | $11,948 | 97.2% |
7 | 7 | COSCO Shipping Group | China | $51,722 | $51,722 | 100% |
46 | 31 | Qatar Airways | Qatar | $6,329 | $14,370 | 44% |
11 | 3 | China State Railway Group | China | $32,089 | $166,355 | 19.3% |
3 | 6 | Deutsche Post DHL | Germany | $77,050 | $101,697 | 75.8% |
15 | 14 | Hapag-Lloyd | Germany | $26,339 | $26,339 | 100% |
9 | 17 | Deutsche Bahn Group | Germany | $33,027 | $52,624 | 62.8% |
32 | 20 | Norfolk Southern | USA | $11,142 | $11,142 | 100% |
39 | 33 | Yang Ming Marine Transport Co. | Taiwan | $8,762 | $8,762 | 100% |
41 | 48 | Wan Hai Lines | Taiwan | $8,163 | $8,163 | 100% |
4 | - | United States Postal Service | USA | $77,040 | $77,040 | 100% |
8 | - | Kuehne + Nagel International | Switzerland | $40,147 | $40,147 | 100% |
17 | - | C.H. Robinson | USA | $22,047 | $23,102 | 95.4% |
18 | 12 | Union Pacific Railroad | USA | $21,804 | $21,804 | 100% |
19 | - | Sinotrans | China | $19,273 | $19,273 | 100% |
20 | 16 | GeoPost/DPDgroup | France | $17,262 | $17,262 | 100% |
22 | - | Expeditors International | USA | $16,524 | $16,524 | 100% |
25 | - | SNCF Group | France | $12,896 | $41,094 | 31.4% |
29 | 29 | HMM Co. | South Korea | $12,048 | $12,048 | 100% |
35 | - | Kerry Logistics | Hong Kong | $10,520 | $10,520 | 100% |
37 | - | CJ Logistics | South Korea | $9,908 | $9,908 | 100% |
38 | - | Dachser Group | Germany | $9,744 | $9,744 | 100% |
40 | - | Bolloré Logistics | France | $8,648 | $11,615 | 74.5% |
43 | - | Kintetsu World Express | Japan | $7,105 | $7,105 | 100% |
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
To be included in the Top 50 list, please send contact information to tteditor@ttnews.com. We will contact you via phone or e-mail to get information about your company prior to publication of the next Top 50 list.
Last year saw air- and sea-freight volumes bounce back from supply chain struggles.
If your company appears in the 2022 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.
Chicago Suburbs Appeal Federal Approval of CPKC Rail Merger
A group of suburban Chicago communities is appealing the federal approval of the Canadian Pacific-Kansas City Southern merger that is expected to bring more freight trains to the area.
California’s Port Dominance Is Slipping as Cargo Shifts East
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.
Engineers Frustrated With Railroad Sick Time Policies
OMAHA, Neb. — Tens of thousands of engineers remain frustrated with the lack of paid sick time and the demands railroads like BNSF are making in negotiations.
Maersk Profits Slip in Q1, Forecasts Weak 2023
A.P. Moller-Maersk A/S, a bellwether for global trade, signaled weaker results for the rest of 2023 after reporting first-quarter operating profit that tumbled by more than half.
DHL Plans Third Air Cargo Hub in California
Greg Hewitt, CEO of DHL Express U.S., says company leadership is doubling down on its GoGreen Plus program, with a goal of being a net-zero emissions company by 2050.
FedEx Freight Plans Closure of 29 Locations
FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.
Nippon Express in Talks to Buy Logistics Firm Cargo-Partner
Nippon Express Holdings Inc. is in talks to buy Austrian logistics provider Cargo-Partner GmbH, people with knowledge of the matter said.
April 18, 2023CMA CGM Offers to Buy Bolloré Logistics for $5.5 Billion
Maritime transport giant CMA CGM SA has entered exclusive talks to buy Bolloré SE’s logistics arm for an enterprise value of 5 billion euros ($5.5 billion).
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.