2024 Essential Revenue and Operating Information for the 50 Largest Global Freight Companies
Up Front
Revenues declined in 2023 amid an international trade slump, geopolitical conflicts and economic uncertainty.
E-commerce growth and constraints on ocean shipping have fueled strong demand for airfreight this year.
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 | 1 | Amazon.com Inc. |
USA | $140,053 | $573,988 | 24.4% |
| 2 | 3 | FedEx Corp. |
USA | $93,316 | $93,316 | 100% |
| 3 | 2 | UPS Inc. |
USA | $90,958 | $90,958 | 100% |
| 4 | 6 | United States Postal Service |
USA | $79,324 | $79,324 | 100% |
| 5 | 4 | DHL Group |
Germany | $66,119 | $88,513 | 74.7% |
| 6 | 5 | Maersk |
Denmark | $48,905 | $51,049 | 95.8% |
| 7 | 7 | CMA CGM |
France | $47,020 | $47,020 | 100% |
| 8 | 11 | Mediterranean Shipping Co. |
Switzerland | $42,286 | $42,286 | 100% |
| 9 | 12 | China State Railway Group |
China | $35,181 | $178,584 | 19.7% |
| 10 | 9 | Kuehne + Nagel International |
Switzerland | $29,659 | $29,659 | 100% |
| 11 | 10 | SF Express |
China | $27,182 | $27,182 | 100% |
| 12 | 15 | Deutsche Bahn Group |
Germany | $26,735 | $48,876 | 54.7% |
| 13 | 8 | Cosco Shipping Group |
China | $24,799 | $24,799 | 100% |
| 14 | 18 | Union Pacific Railroad |
USA | $24,119 | $24,119 | 100% |
| 15 | 17 | BNSF Railway |
USA | $23,876 | $23,876 | 100% |
| 16 | 14 | DSV A/S |
Denmark | $21,884 | $21,884 | 100% |
| 17 | 22 | Indian Railways |
India | $19,634 | $31,017 | 63.3% |
| 18 | 13 | Hapag-Lloyd |
Germany | $19,400 | $19,400 | 100% |
| 19 | 24 | Geopost |
France | $16,976 | $16,976 | 100% |
| 20 | 19 | C.H. Robinson |
USA | $16,373 | $17,605 | 93% |
| 21 | 21 | Nippon Express |
Japan | $15,935 | $15,935 | 100% |
| 22 | 26 | CSX Corp. |
USA | $14,657 | $14,657 | 100% |
| 23 | 16 | Ocean Network Express |
Japan | $14,536 | $14,536 | 100% |
| 24 | 25 | Sinotrans |
China | $14,376 | $14,376 | 100% |
| 25 | 30 | Yamato Holdings |
Japan | $12,870 | $13,066 | 98.5% |
| 26 | 27 | J.B. Hunt Transport Services |
USA | $12,830 | $12,830 | 100% |
| 27 | 28 | SNCF Group |
France | $12,594 | $45,140 | 27.9% |
| 28 | 31 | Canadian National Railway |
Canada | $12,459 | $12,459 | 100% |
| 29 | 32 | Norfolk Southern |
USA | $12,156 | $12,156 | 100% |
| 30 | 35 | SG Holdings |
Japan | $9,689 | $10,210 | 94.9% |
| 31 | 23 | Expeditors International |
USA | $9,300 | $9,300 | 100% |
| 32 | - | Canadian Pacific Kansas City |
Canada | $9,298 | $9,298 | 100% |
| 33 | 37 | CJ Logistics |
South Korea | $9,006 | $9,006 | 100% |
| 34 | 20 | Evergreen Marine Corp. |
Taiwan | $8,499 | $8,881 | 95.7% |
| 35 | 34 | XPO |
USA | $7,744 | $7,744 | 100% |
| 36 | 40 | Dachser Group |
Germany | $7,682 | $7,682 | 100% |
| 37 | 47 | Rhenus Group |
Germany | $7,644 | $8,115 | 94.2% |
| 38 | 46 | Kintetsu World Express |
Japan | $7,515 | $7,515 | 100% |
| 39 | 44 | Knight-Swift Transportation |
USA | $7,142 | $7,142 | 100% |
| 40 | 48 | GLS Group |
The Netherlands | $6,693 | $6,693 | 100% |
| 41 | - | Ryder System |
USA | $6,660 | $11,783 | 56.5% |
| 42 | 29 | HMM Co. |
South Korea | $6,429 | $6,429 | 100% |
| 43 | 45 | TFI International |
Canada | $6,417 | $6,417 | 100% |
| 44 | 36 | Kerry Logistics |
Hong Kong | $6,055 | $6,055 | 100% |
| 45 | 50 | Old Dominion Freight Line |
USA | $5,866 | $5,866 | 100% |
| 46 | 41 | Toll Group |
Australia | $5,600 | $5,600 | 100% |
| 47 | 49 | Schneider |
USA | $5,499 | $5,499 | 100% |
| 48 | 43 | Landstar System |
USA | $5,303 | $5,303 | 100% |
| 49 | 33 | ZIM Integrated Shipping Services |
Israel | $5,162 | $5,162 | 100% |
| 50 | - | Estes Express Lines |
USA | $5,074 | $5,074 | 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
To be included in the Top 50 list, please send contact information to tteditor@ttnews.com. We will contact you via phone or e-mail to get information about your company prior to publication of the next Top 50 list.

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Post-COVID normalization and shaky economic conditions led to a difficult year at container ports and airports in 2023.
Learn more about Transport Topics’ Top 50 Global Freight Companies publication.
Global Freight News
DOJ Accuses Chinese Container Makers of Pandemic Price Scheme
The DOJ said it filed criminal charges against four large makers of shipping containers for allegedly colluding to raise prices during the pandemic.
May 20, 2026Amazon’s AI Success Sends Stock Toward $3 Trillion Club
The cloud-computing and e-commerce giant has a market value of $2.9 trillion after adding $432 billion this year.
May 14, 2026Allegiant Air and Sun Country Complete Merger
Along with passenger flights, Sun Country brings into the fold cargo flying for Amazon, as well as charter trips.
May 14, 2026Amazon Puts Alexa Inside the Shopping Search Bar in AI Push
The new tool — called Alexa for Shopping — supplants Rufus, the shopping assistant bot that summarized product reviews and suggested purchases.
May 13, 2026Gauges of Supply Chain Stress Head Higher
Some gauges are at their highest since the 2020-23 period, when economies locked down because of COVID, shortages emerged and shipping snarls persisted.
May 12, 2026Amazon Rolls Out 30-Minute Delivery to Some Cities
Amazon Now, first launched in India last June, is now available in urban areas of Brazil, Mexico, Japan, the United Arab Emirates, the U.K. and the U.S.
May 12, 2026Shipping Firms Whipsawed as They Wait for Hormuz to Reopen
“Ultimately, it’s still going to come back to the primary issues of risk and safety," that shippers have to evaluate.
May 6, 2026MSC Plans Route That Avoids Strait of Hormuz
MSC plans a new service linking Europe with isolated Middle East ports, using trucking across Saudi Arabia and smaller vessels in the Persian Gulf.
May 4, 2026Effects of Iran War Rattle Outlook for Ports
The largest U.S. ports said rising supply chain uncertainty is affecting the flow of goods into the country, complicating forecasting and import comparisons.
April 30, 2026Amazon Profit Climbs to $30 Billion in First Quarter
Amazon on April 29 reported a strong increase in profit and net sales during the first quarter, helped by surging growth in its prominent cloud computing unit.
April 29, 2026
