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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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.
On Oct. 30, Georgia Ports Authority CEO Griff Lynch highlighted expansion projects that will allow the Port of Brunswick to surpass Baltimore as the nation’s top port for automobile shipping as early as 2026.
A.P. Moller-Maersk A/S, the maritime shipping giant that has been diversifying into land transportation, is betting that driverless trucks will help make deliveries more reliable.
UPS Inc. is set to hire more than 30,000 additional drivers for peak season, a mix of package car drivers, commercial driver license drivers and seasonal support drivers.
The maritime industry will join the European Union's Emissions Trading System in January, meaning big ships will start paying for carbon emissions.
DHL Express started shipping this week from Miami to Argentina, as part of its cargo hauling expansion from South Florida to Latin America.