2023 Essential Revenue and Operating Information for the 50 Largest Global Freight Companies
Up Front
Infrastructure and automation improvements have helped port operators, but there is still more work to be done.
A new No. 1 leads off this year’s Transport Topics Top 50 list of the world’s largest freight companies.
Get a continent-by-continent and country- by-country look at where the Top 50 Global Freight Companies are based.
Rankings
| Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
|---|---|---|---|---|---|---|
| 1 | - | Amazon.com Inc. |
USA | $117,716 | $514,044 | 22.9% |
| 2 | 1 | UPS Inc. |
USA | $100,338 | $100,338 | 100% |
| 3 | 2 | FedEx Corp. |
USA | $90,155 | $90,155 | 100% |
| 4 | 3 | DHL Group |
Germany | $87,036 | $108,254 | 80.4% |
| 5 | 5 | Maersk |
Denmark | $80,023 | $81,490 | 98.2% |
| 6 | 4 | United States Postal Service |
USA | $78,507 | $78,507 | 100% |
| 7 | 6 | CMA CGM |
France | $74,500 | $74,500 | 100% |
| 8 | 7 | Cosco Shipping Group |
China | $58,108 | $58,108 | 100% |
| 9 | 8 | Kuehne + Nagel International |
Switzerland | $45,066 | $45,066 | 100% |
| 10 | 12 | SF Express |
China | $41,838 | $41,838 | 100% |
| 11 | 10 | Mediterranean Shipping Co. |
Switzerland | $38,938 | $38,938 | 100% |
| 12 | 11 | China State Railway Group |
China | $38,475 | $199,352 | 19.3% |
| 13 | 15 | Hapag-Lloyd |
Germany | $36,319 | $36,319 | 100% |
| 14 | 13 | DSV A/S (North America) |
Denmark | $33,298 | $33,298 | 100% |
| 15 | 9 | Deutsche Bahn Group |
Germany | $31,101 | $43,681 | 71.2% |
| 16 | - | Ocean Network Express |
Japan | $29,916 | $29,916 | 100% |
| 17 | 16 | BNSF Railway |
USA | $25,888 | $25,888 | 100% |
| 18 | 18 | Union Pacific Railroad |
USA | $24,875 | $24,875 | 100% |
| 19 | 17 | C.H. Robinson |
USA | $23,516 | $24,702 | 95.2% |
| 20 | 21 | Evergreen Marine Corp. |
Taiwan | $20,587 | $21,050 | 97.8% |
| 21 | - | Nippon Express |
Japan | $19,929 | $19,929 | 100% |
| 22 | 23 | Indian Railways |
India | $19,338 | $22,885 | 84.5% |
| 23 | 22 | Expeditors International |
USA | $17,071 | $17,071 | 100% |
| 24 | 20 | Geopost |
France | $16,402 | $16,402 | 100% |
| 25 | 19 | Sinotrans |
China | $16,169 | $16,169 | 100% |
| 26 | 27 | CSX Corp. |
USA | $14,853 | $14,853 | 100% |
| 27 | 28 | J.B. Hunt Transport Services |
USA | $14,814 | $14,814 | 100% |
| 28 | 25 | SNCF Group |
France | $14,429 | $43,592 | 33.1% |
| 29 | 29 | HMM Co. |
South Korea | $14,380 | $14,380 | 100% |
| 30 | 36 | Yamato Holdings |
Japan | $13,501 | $13,693 | 98.6% |
| 31 | 31 | Canadian National Railway |
Canada | $13,147 | $13,147 | 100% |
| 32 | 32 | Norfolk Southern |
USA | $12,745 | $12,745 | 100% |
| 33 | 33 | ZIM Integrated Shipping Services |
Israel | $12,562 | $12,562 | 100% |
| 34 | 26 | XPO |
USA | $12,121 | $12,121 | 100% |
| 35 | 30 | SG Holdings |
Japan | $11,649 | $11,696 | 99.6% |
| 36 | 35 | Kerry Logistics |
Hong Kong | $11,065 | $11,065 | 100% |
| 37 | 37 | CJ Logistics |
South Korea | $9,387 | $9,387 | 100% |
| 38 | 39 | Yang Ming Marine Transport Co. |
Taiwan | $8,755 | $8,755 | 100% |
| 39 | 41 | Wan Hai Lines |
Taiwan | $8,686 | $8,686 | 100% |
| 40 | 38 | Dachser Group |
Germany | $8,577 | $8,577 | 100% |
| 41 | - | Toll Group |
Australia | $7,800 | $7,800 | 100% |
| 42 | 40 | Bolloré Logistics |
France | $7,477 | $11,261 | 66.4% |
| 43 | 45 | Landstar System |
USA | $7,437 | $7,437 | 100% |
| 44 | 47 | Knight-Swift Transportation |
USA | $7,429 | $7,429 | 100% |
| 45 | 42 | TFI International |
Canada | $7,357 | $7,357 | 100% |
| 46 | 43 | Kintetsu World Express |
Japan | $7,316 | $7,316 | 100% |
| 47 | - | Rhenus Group |
Germany | $7,144 | $7,584 | 94.2% |
| 48 | - | GLS Group |
The Netherlands | $6,656 | $6,656 | 100% |
| 49 | 49 | Schneider |
USA | $6,604 | $6,604 | 100% |
| 50 | 50 | Old Dominion Freight Line |
USA | $6,260 | $6,260 | 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.

Extras
2022 saw an eastern shift in North American ocean freight, while airfreight dipped across the continent.
If your company appears on the 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.
Global Freight News
Amazon suspends use of cargo carrier after fatal crash
The jet’s ownership history, weather conditions at the airport, maintenance records and operations by 21 Air were expected to be reviewed by investigators with the NTSB.
September 14, 2026Shipping nations warn global trade is fracturing
The armed conflicts, trade wars and extreme weather events hammering maritime supply chains are signs of a “structural shift” for global trade.
September 10, 2026Amazon Air crash puts outsourcing model in focus again
Amazon’s use of contract cargo carriers may limit its liability after a fatal Miami crash involving an Amazon-branded jet.
September 9, 2026Founder of cargo booking platform Freightos seeks new chairman
The founder of cargo booking platform Freightos is calling for a board shake-up including the ouster of Chairman Udo Lange, citing a drop in the company’s share price.
September 9, 2026Amazon cargo jet increased thrust before runway overrun
The Amazon cargo plane that crashed in Miami on Sept. 7 increased thrust just seconds before it overran the runway and careered into two vehicles, NTSB said.
September 9, 2026NTSB probes Amazon cargo jet’s fiery runway crash
Federal investigators examining the crash in Miami are trying to determine whether the plane touched down too late to stop safely.
September 8, 2026Amazon faces FTC lawsuit over sponsored ad pricing
The FTC and a group of U.S. states sued Amazon over claims the e-commerce giant systematically overcharged advertisers by more than $20 billion since 2019.
September 1, 2026Kuehne + Nagel owner Klaus-Michael Kuehne dies at 89
Klaus-Michael Kuehne broadened the company's global reach through acquisitions. Under his leadership, the firm grew over decades into a global transport behemoth with more than 1,300 offices worldwide.
August 24, 2026CK Hutchison seeks $1.5 billion in damages from Panama
Panama’s government in February seized the Balboa and Cristobal ports after its Supreme Court ruled that a concession held by CK Hutchison’s subsidiary to run the two ports was unconstitutional.
August 20, 2026Amazon to expand drone delivery to 500 cities
Customers could receive the drone deliveries in as fast as 30 minutes, Amazon said in a news release. The drones can carry packages up to 5 pounds.
August 19, 2026