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 |
|---|---|---|---|---|---|---|
| 50 | 50 | Old Dominion Freight Line | USA | $6,260 | $6,260 | 100% |
| 49 | 49 | Schneider | USA | $6,604 | $6,604 | 100% |
| 48 | - | GLS Group | The Netherlands | $6,656 | $6,656 | 100% |
| 47 | - | Rhenus Group | Germany | $7,144 | $7,584 | 94.2% |
| 46 | 43 | Kintetsu World Express | Japan | $7,316 | $7,316 | 100% |
| 45 | 42 | TFI International | Canada | $7,357 | $7,357 | 100% |
| 44 | 47 | Knight-Swift Transportation | USA | $7,429 | $7,429 | 100% |
| 43 | 45 | Landstar System | USA | $7,437 | $7,437 | 100% |
| 42 | 40 | Bolloré Logistics | France | $7,477 | $11,261 | 66.4% |
| 41 | - | Toll Group | Australia | $7,800 | $7,800 | 100% |
| 40 | 38 | Dachser Group | Germany | $8,577 | $8,577 | 100% |
| 39 | 41 | Wan Hai Lines | Taiwan | $8,686 | $8,686 | 100% |
| 38 | 39 | Yang Ming Marine Transport Co. | Taiwan | $8,755 | $8,755 | 100% |
| 37 | 37 | CJ Logistics | South Korea | $9,387 | $9,387 | 100% |
| 36 | 35 | Kerry Logistics | Hong Kong | $11,065 | $11,065 | 100% |
| 35 | 30 | SG Holdings | Japan | $11,649 | $11,696 | 99.6% |
| 34 | 26 | XPO | USA | $12,121 | $12,121 | 100% |
| 33 | 33 | ZIM Integrated Shipping Services | Israel | $12,562 | $12,562 | 100% |
| 32 | 32 | Norfolk Southern | USA | $12,745 | $12,745 | 100% |
| 31 | 31 | Canadian National Railway | Canada | $13,147 | $13,147 | 100% |
| 30 | 36 | Yamato Holdings | Japan | $13,501 | $13,693 | 98.6% |
| 29 | 29 | HMM Co. | South Korea | $14,380 | $14,380 | 100% |
| 28 | 25 | SNCF Group | France | $14,429 | $43,592 | 33.1% |
| 27 | 28 | J.B. Hunt Transport Services | USA | $14,814 | $14,814 | 100% |
| 26 | 27 | CSX Corp. | USA | $14,853 | $14,853 | 100% |
| 25 | 19 | Sinotrans | China | $16,169 | $16,169 | 100% |
| 24 | 20 | Geopost | France | $16,402 | $16,402 | 100% |
| 23 | 22 | Expeditors International | USA | $17,071 | $17,071 | 100% |
| 22 | 23 | Indian Railways | India | $19,338 | $22,885 | 84.5% |
| 21 | - | Nippon Express | Japan | $19,929 | $19,929 | 100% |
| 20 | 21 | Evergreen Marine Corp. | Taiwan | $20,587 | $21,050 | 97.8% |
| 19 | 17 | C.H. Robinson | USA | $23,516 | $24,702 | 95.2% |
| 18 | 18 | Union Pacific Railroad | USA | $24,875 | $24,875 | 100% |
| 17 | 16 | BNSF Railway | USA | $25,888 | $25,888 | 100% |
| 16 | - | Ocean Network Express | Japan | $29,916 | $29,916 | 100% |
| 15 | 9 | Deutsche Bahn Group | Germany | $31,101 | $43,681 | 71.2% |
| 14 | 13 | DSV A/S (North America) | Denmark | $33,298 | $33,298 | 100% |
| 13 | 15 | Hapag-Lloyd | Germany | $36,319 | $36,319 | 100% |
| 12 | 11 | China State Railway Group | China | $38,475 | $199,352 | 19.3% |
| 11 | 10 | Mediterranean Shipping Co. | Switzerland | $38,938 | $38,938 | 100% |
| 10 | 12 | SF Express | China | $41,838 | $41,838 | 100% |
| 9 | 8 | Kuehne + Nagel International | Switzerland | $45,066 | $45,066 | 100% |
| 8 | 7 | COSCO Shipping Group | China | $58,108 | $58,108 | 100% |
| 7 | 6 | CMA CGM | France | $74,500 | $74,500 | 100% |
| 6 | 4 | United States Postal Service | USA | $78,507 | $78,507 | 100% |
| 5 | 5 | Maersk | Denmark | $80,023 | $81,490 | 98.2% |
| 4 | 3 | DHL Group | Germany | $87,036 | $108,254 | 80.4% |
| 3 | 2 | FedEx Corp. | USA | $90,155 | $90,155 | 100% |
| 2 | 1 | UPS Inc. | USA | $100,338 | $100,338 | 100% |
| 1 | - | Amazon.com Inc. | USA | $117,716 | $514,044 | 22.9% |
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.
2022 saw an eastern shift in North American ocean freight, while airfreight dipped across the continent.
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Learn more about Transport Topics’ Top 50 Global Freight Companies publication.
US Port Talks Kick Off in Effort to Avoid Strike
The union representing East and Gulf coast dockworkers kicks off a two-day meeting Sept. 4 in New Jersey to discuss wage demands with port employers under the threat of a disruptive strike.
September 4, 2024Container Carrier Profits Soar on Record Volumes, High Rates
The global container shipping industry saw profits surge to more than $10 billion in the second quarter on record volumes and rising freight rates after Red Sea diversions.
September 3, 2024Private Equity Gets Rare Support From Union on Schenker Sale
Verdi, Germany’s most powerful labor union, is making the unusual move of backing a private equity firm’s bid for Deutsche Bahn’s planned $15.5 billion sale of its Schenker logistics arm.
August 30, 2024CVC and DSV Compete in $15.6B Bid for DB Schenker Unit
Deutsche Bahn is currently evaluating the final offers and needs to discuss with the government on CVC’s proposal.
August 23, 2024DSV Orders 300 Electric Trucks in Major Volvo Deal
Logistics firm DSV plans to buy 300 electric heavy trucks from Volvo AB in what would be one of the largest commercial orders to date for the Swedish manufacturer’s battery-powered rigs.
August 23, 2024Will Amazon’s AI Bet Pay Off?
More than any of the megacap technology stocks, Amazon.com Inc.’s big-spending ways are coming at the expense of profits, and its shares are being punished as a result.
August 20, 2024Rivian Pauses Output of Amazon’s Electric Delivery Van
Rivian Automotive Inc. has paused production of the electric commercial van it makes for Amazon.com Inc. due to a parts shortage in the latest supply chain snafu for the EV maker.
August 16, 2024Amazon Tests Speedy Delivery Service Featuring Kia Souls
Amazon.com Inc. has deployed a new secret weapon in its same-day delivery operation: a convoy of Kia Souls.
August 8, 2024Maersk CEO Seeks New M&A Deals After Dropping Schenker Bid
A.P. Moller-Maersk A/S is looking for new acquisition targets after recently walking away from what would have been its biggest ever deal, the CEO said.
August 7, 2024Amazon Reports Boost in Quarterly Profit to $13.5 Billion
Amazon reported a boost in its quarterly profits Aug. 1, but the company missed revenue estimates, sending stocks lower in after-hours trading.
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