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 pandemic-era surge in shipping costs was a “smoking gun” that foretold the global inflation spike, and the sharp drop in maritime-freight expenses since peaking last year will contribute to an easing in price pressures.
Union Pacific Corp. reported fourth-quarter profit that missed analysts’ estimates as disruptions from winter storms drove up costs.
The Port of Mobile has set a new record for annual container traffic, beating the benchmark it set in 2021 by more than 11%.
A year ago in early January, a record 109 containerships carrying U.S. imports surrounded the twin ports of Los Angeles and Long Beach, Calif. — as of today, the queue is gone.
Labor unrest took an unusually heavy toll on ports around the world in 2022, and the outlook for continued economic instability could bring even more upheaval to global supply chains in 2023.
Since 2020, a pandemic-fueled supply crunch, Russia’s war with Ukraine, and a deepening rift in the U.S.-China trade relationship have hammered home the idea that the world needs more resilient trade networks.
A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a further sign of the industry’s growing concerns about losses stemming from the conflict.
FedEx Corp. on Dec. 20 reported fiscal-year, second-quarter income that beat Wall Street expectations and revenue that fell below expectations.
Union Pacific says it will stop imposing temporary limits on certain businesses’ shipments while it reviews the policy that federal regulators and shippers criticized at a hearing in mid-December.
Federal regulators and shippers are questioning Union Pacific’s decision to temporarily limit some businesses’ shipments as part of its effort to clear up congestion across the railroad.