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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Seaports and airports across North America experienced record-breaking volume in 2021 amid growing consumer demand.
Describing global supply chains as “volatile” for the last two years is an understatement. Glimmers of hope are emerging, but anxiety grows over whether freight volumes can maintain traction amid high inflation and economic uncertainty.
The German government is close to reaching a compromise over a disputed sale of a stake in a Hamburg container terminal to China’s state-owned shipping conglomerate Cosco Shipping Holdings Co.
The Alabama State Port Authority has released a new study showing significant growth in jobs, tax revenue and general economic impact since 2019, underscoring the port’s place as a major economic driver in the state.
CSX Corp. delivered 15% more profit in the third quarter as it handled 2% more freight and worked to eliminate the delays shippers have been complaining about for months.
Aircraft mechanics at UPS Inc. voted to ratify a labor contract extension that will give them a 3.3% hike in pay annually for three years, the International Brotherhood of Teamsters union announced Oct. 18.
California port officials announced an unprecedented increase in harmful emissions last year. Although the increase in pollution was substantial, officials said emissions are still much lower than levels in the mid-2000s.
In what is believed to be the first jury verdict related to Illinois’ strict biometrics privacy law, a $228 million judgment has been entered against BNSF Railway in a class-action lawsuit over the railroad’s collection of fingerprint data.
A.P. Moller-Maersk A/S, one of the world’s largest oil consumers, ordered six large containerships that can sail on green methanol as part of the transport giant’s plan to become carbon neutral.
Mediterranean Shipping Co., the world’s largest container line, will expand into air cargo using four leased Boeing Co. wide-body freighters after missing out in a bid for Italy’s flag-carrier airline.