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
CK Hutchison Unit Seeks $2 Billion in Panama Ports Dispute
Panama Ports cites the Central American nation's “illegal state takeover” of the Balboa and Cristobal ports, and challenged a Feb. 23 executive decree it said authorized the seizure of its assets.
March 6, 2026Panama Surprised by Higher Canal Traffic Amid Trade Wars
Canal revenue increased 8%-10% in the first five months of its fiscal year 2026, which started in October, compared to the same period a year earlier. The canal saw a record $5.7 billion in FY 2025.
March 6, 2026Maersk Suspends More Container Services on Middle East Risks
Maersk will temporarily halt its FM1 Service, which connects the Far East to the Middle East, and its ME11 Service, which links the Middle East to Europe, according to a notice to customers on March 6.
March 6, 2026Strait of Hormuz Shipping Is at Near-Total Halt
A review of shipping signals have confirmed only two commercial transits in the past 24 hours, the Joint Maritime Information Center said in a note on March 6.
March 6, 2026CK Hutchison Port Sale Plan Stalls Ahead of Trump-Xi Meeting
CK Hutchison's plans to sell its global ports are at an impasse a year after the deal was announced, with hopes pinned on a meeting between Donald Trump and Xi Jinping to yield a breakthrough.
March 6, 2026Amazon Web Outage Strands Customers
Amazon.com's website and mobile app malfunctioned for some users March 5, with critical features like product listings and checkout options producing error pages.
March 5, 2026USPS Taps Restructuring Advisers Amid Cash Crunch
The Postal Service hired consulting firm Alvarez & Marsal in recent days to develop a plan, Postmaster General David Steiner said March 4 in an interview.
March 4, 2026Shippers and Oil Traders Seek Details on Trump’s Convoy Plan
With ships unable or unwilling to transit the Strait of Hormuz, producers cannot export, supertanker costs are skyrocketing and storage at many Persian Gulf refineries is filling up fast.
March 4, 2026Kuehne + Nagel to Cut 2,000 Jobs as War Pressures Markets
The conflict in the Middle East creates additional unknowns. “The whole issue of supply chain reliability will become more important,” CEO Stefan Paul told journalists on March 3.
March 3, 2026Containership Giants Move Freight Away From Gulf Hot Spots
Some carriers are canceling bookings temporarily, skipping some port calls, warning of delays and implementing surcharges to transport containers through the conflict zone.
March 2, 2026
