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.
|Rank This Year||Rank Last Year||Company||Headquarters||Freight Revenue (Millions)||Total Revenue (Millions)||Freight Revenue Share|
|6||4||United States Postal Service||USA||$78,507||$78,507||100%|
|8||7||COSCO Shipping Group||China||$58,108||$58,108||100%|
|9||8||Kuehne + Nagel International||Switzerland||$45,066||$45,066||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%|
|15||9||Deutsche Bahn Group||Germany||$31,101||$43,681||71.2%|
|16||-||Ocean Network Express||Japan||$29,916||$29,916||100%|
|18||18||Union Pacific Railroad||USA||$24,875||$24,875||100%|
|20||21||Evergreen Marine Corp.||Taiwan||$20,587||$21,050||97.8%|
|27||28||J.B. Hunt Transport Services||USA||$14,814||$14,814||100%|
|29||29||HMM Co.||South Korea||$14,380||$14,380||100%|
|31||31||Canadian National Railway||Canada||$13,147||$13,147||100%|
|33||33||ZIM Integrated Shipping Services||Israel||$12,562||$12,562||100%|
|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%|
|46||43||Kintetsu World Express||Japan||$7,316||$7,316||100%|
|48||-||GLS Group||The Netherlands||$6,656||$6,656||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
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2022 saw an eastern shift in North American ocean freight, while airfreight dipped across the continent.
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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.
In efforts to improve the supply chain system, U.S. port operators are utilizing advancements in infrastructure and technology to accommodate bigger ships and manage more cargo.
Despite enduring a cooldown in international trade, most of the world’s largest transportation and logistics providers continued to grow their businesses in 2022.