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
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The U.S. Postal Service is moving to raise and make permanent its fuel surcharge, which the agency introduced for the first time earlier this year.
| November 12, 2026Top 50 Global Freight Companies prioritize resilience
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| November 7, 2026Cross-border calculus: North American freight networks adapt
Years of shifting tariffs, customs requirements and trade policies have forced shippers and their transportation providers to become more adaptable.
| November 7, 2026EV truck maker Harbinger raises $240M for power, defense
In September, Harbinger said it received an order from FedEx for 2,000 electric delivery vans in a deal worth more than $300 million.
| November 5, 2026Ports of Los Angeles and Long Beach set all-time records
Trucking companies serving the country’s major ports had to grapple with a national shift in volumes toward the West Coast in September.
| November 2, 2026AIT to acquire Australia's Connor Anderson International
AIT Worldwide Logistics agreed to acquire Sydney-based freight forwarder Connor Anderson International, expanding AIT’s operations in Australia.
| November 2, 2026FedEx Freight goes hunting after initial consolidation
The company’s revenue was $2.442 billion in the three months that ended Sept. 30, an increase of 8.1% compared with $2.259 billion in the same period a year earlier.
| October 30, 2026FedEx Freight posts mixed results in first report
FedEx Freight offered mixed results in its first earnings report, pointing to transitional bumps as the company learns to stand on its own.
| October 29, 2026FedEx boss optimistic over trucking capacity reductions
FedEx CEO Raj Subramaniam echoed industry optimism over tightening trucking capacity Oct. 28, despite facing short-term cost headwinds.
| October 29, 2026Amazon offers cautious holiday-quarter outlook
Amazon offered a cautious sales outlook for Q4 that encompasses the critical holiday shopping period after delivering Q3 results that came in below analysts' expectations.
| October 29, 2026