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%
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
Government, Business, Logistics, Global Freight

Cargo Carriers Fear Port Strike Will Paralyze Half of Trade

The world’s top container carrier is urging customers to move U.S. cargo through East and Gulf Coast ports before the planned start on Oct. 1 of a dockworkers strike.

Brendan Murray | Bloomberg News
September 27, 2024
Business, Logistics, Private, Global Freight

Online Holiday Spending Projected to Rise 8.4%

Steep discounts and easing inflation will compel U.S. shoppers to spend $240.8 billion online in November and December, up 8.4% from last year’s holidays and the biggest increase since 2021.

Spencer Soper | Bloomberg News
September 25, 2024
Business, Logistics, Global Freight

Maersk Adds Port Disruption Surcharge as Strike Looms

AP Moller-Maersk added a local port disruption surcharge for all cargo moving to and from the East Coast and Gulf Coast terminals, to cover higher costs from “potential labor disruptions.”

Christian Wienberg | Bloomberg News
September 24, 2024
Business, Logistics, Global Freight, Top 100, Top 50

DHL Lays Out Plan to Boost Revenue 50% by 2030

DHL Group, the trading name of Deutsche Post AG, unveiled a new strategy aimed at increasing revenue by 50% by 2030 through various growth initiatives.

William Wilkes | Bloomberg News
September 23, 2024
Business, Logistics, For-Hire, Global Freight, Top 100, Top 50

FedEx Cuts Forecast After Tough Quarter for Deliveries

FedEx Corp. cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.

Cailley LaPara | Bloomberg News
September 19, 2024
Business, Technology, Logistics, Private, Global Freight

Amazon Launches AI Assistant to Help Online Merchants

Amazon.com Inc. is launching an artificially intelligent assistant designed to help online merchants manage their businesses.

Matt Day | Bloomberg News
September 19, 2024
Business, Logistics, Global Freight

CVC Willing to Bump DB Schenker Bid After Losing to DSV

CVC Capital Partners signaled it’s willing to increase its 14 billion-euro ($15.6 billion) offer for Deutsche Bahn AG’s logistics unit after losing the bidding to Danish company DSV A/S.

Aaron Kirchfeld | Bloomberg News
September 18, 2024
Business, Logistics, Private, Global Freight

Amazon Boosts Warehouse Worker Pay by at Least $1.50 an Hour

Amazon.com Inc. is raising the pay of its hourly warehouse workers by at least $1.50 an hour and tacking on Prime memberships to their benefits package.

Matt Day | Bloomberg News
September 18, 2024
Government, Business, Logistics, Global Freight

Port Dockworkers Threaten to Strike Over Automation, Pay

About 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nation’s cargo from ships.

Tom Krisher | Associated Press
September 18, 2024
Business, Technology, Logistics, Private, Global Freight

Intel to Make Custom AI Chip for Amazon, Delay German Plant

Intel and Amazon’s AWS will co-invest in a custom semiconductor for artificial intelligence computing — what’s known as a fabric chip — in a “multiyear, multibillion-dollar framework.” 

Ian King | Bloomberg News
September 17, 2024
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