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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French shipping giant CMA CGM SA warned of a steep drop in demand so far this year, extending a slump that led to a more than halving of quarterly profit.
The White House’s supply chain envoy said the ports and logistics industry must move toward automation, a sticking point in protracted contract talks between U.S. West Coast dockworkers and their employers.
WASHINGTON — The U.S. Postal Service is buying 9,250 Ford Motor Co. electric vans and 14,000 charging stations as part of a move to switch its fleet to electric vehicles.March 1, 2023
Supply chains across the world are healing up almost as fast as they broke down. That doesn’t mean the pressure they’re exerting on inflation will disappear as quickly.
FedEx Corp. pilots are inching closer to a potential strike as negotiations stall on a new labor agreement.
Shipping giant A.P. Moeller-Maersk said in an email to The Associated Press that it filed a claim against Evergreen Marine Corp., the vessel’s Japanese owner and its German technical manager in the Danish Maritime and Commercial High Court.
A.P. Moller-Maersk A/S said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year.
OMAHA, Neb. — Several thousand workers at CSX will soon get one of the things that pushed the U.S. railroad industry to the brink of a strike last fall: paid sick time.
Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S.
FedEx Corp. is cutting global officer and director jobs by more than 10%, the courier’s latest cost-saving measure as economic concerns and waning e-commerce weigh on demand for package delivery.