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 |
|---|---|---|---|---|---|---|
| 3 | 2 | UPS Inc. |
USA | $90,958 | $90,958 | 100% |
| 2 | 3 | FedEx Corp. |
USA | $93,316 | $93,316 | 100% |
| 26 | 27 | J.B. Hunt Transport Services |
USA | $12,830 | $12,830 | 100% |
| 47 | 49 | Schneider |
USA | $5,499 | $5,499 | 100% |
| 43 | 45 | TFI International |
Canada | $6,417 | $6,417 | 100% |
| 48 | 43 | Landstar System |
USA | $5,303 | $5,303 | 100% |
| 45 | 50 | Old Dominion Freight Line |
USA | $5,866 | $5,866 | 100% |
| 35 | 34 | XPO |
USA | $7,744 | $7,744 | 100% |
| 50 | - | Estes Express Lines |
USA | $5,074 | $5,074 | 100% |
| 6 | 5 | Maersk |
Denmark | $48,905 | $51,049 | 95.8% |
| 15 | 17 | BNSF Railway |
USA | $23,876 | $23,876 | 100% |
| 8 | 11 | Mediterranean Shipping Co. |
Switzerland | $42,286 | $42,286 | 100% |
| 17 | 22 | Indian Railways |
India | $19,634 | $31,017 | 63.3% |
| 7 | 7 | CMA CGM |
France | $47,020 | $47,020 | 100% |
| 22 | 26 | CSX Corp. |
USA | $14,657 | $14,657 | 100% |
| 13 | 8 | Cosco Shipping Group |
China | $24,799 | $24,799 | 100% |
| 28 | 31 | Canadian National Railway |
Canada | $12,459 | $12,459 | 100% |
| 11 | 10 | SF Express |
China | $27,182 | $27,182 | 100% |
| 34 | 20 | Evergreen Marine Corp. |
Taiwan | $8,499 | $8,881 | 95.7% |
| 46 | 41 | Toll Group |
Australia | $5,600 | $5,600 | 100% |
| 49 | 33 | ZIM Integrated Shipping Services |
Israel | $5,162 | $5,162 | 100% |
| 21 | 21 | Nippon Express |
Japan | $15,935 | $15,935 | 100% |
| 41 | - | Ryder System |
USA | $6,660 | $11,783 | 56.5% |
| 39 | 44 | Knight-Swift Transportation |
USA | $7,142 | $7,142 | 100% |
| 25 | 30 | Yamato Holdings |
Japan | $12,870 | $13,066 | 98.5% |
| 30 | 35 | SG Holdings |
Japan | $9,689 | $10,210 | 94.9% |
| 9 | 12 | China State Railway Group |
China | $35,181 | $178,584 | 19.7% |
| 18 | 13 | Hapag-Lloyd |
Germany | $19,400 | $19,400 | 100% |
| 12 | 15 | Deutsche Bahn Group |
Germany | $26,735 | $48,876 | 54.7% |
| 29 | 32 | Norfolk Southern |
USA | $12,156 | $12,156 | 100% |
| 19 | 24 | Geopost |
France | $16,976 | $16,976 | 100% |
| 1 | 1 | Amazon.com Inc. |
USA | $140,053 | $573,988 | 24.4% |
| 4 | 6 | United States Postal Service |
USA | $79,324 | $79,324 | 100% |
| 10 | 9 | Kuehne + Nagel International |
Switzerland | $29,659 | $29,659 | 100% |
| 20 | 19 | C.H. Robinson |
USA | $16,373 | $17,605 | 93% |
| 14 | 18 | Union Pacific Railroad |
USA | $24,119 | $24,119 | 100% |
| 24 | 25 | Sinotrans |
China | $14,376 | $14,376 | 100% |
| 31 | 23 | Expeditors International |
USA | $9,300 | $9,300 | 100% |
| 27 | 28 | SNCF Group |
France | $12,594 | $45,140 | 27.9% |
| 42 | 29 | HMM Co. |
South Korea | $6,429 | $6,429 | 100% |
| 44 | 36 | Kerry Logistics |
Hong Kong | $6,055 | $6,055 | 100% |
| 33 | 37 | CJ Logistics |
South Korea | $9,006 | $9,006 | 100% |
| 36 | 40 | Dachser Group |
Germany | $7,682 | $7,682 | 100% |
| 38 | 46 | Kintetsu World Express |
Japan | $7,515 | $7,515 | 100% |
| 5 | 4 | DHL Group |
Germany | $66,119 | $88,513 | 74.7% |
| 23 | 16 | Ocean Network Express |
Japan | $14,536 | $14,536 | 100% |
| 37 | 47 | Rhenus Group |
Germany | $7,644 | $8,115 | 94.2% |
| 40 | 48 | GLS Group |
The Netherlands | $6,693 | $6,693 | 100% |
| 16 | 14 | DSV A/S |
Denmark | $21,884 | $21,884 | 100% |
| 32 | - | Canadian Pacific Kansas City |
Canada | $9,298 | $9,298 | 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.
Extras
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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
Amazon cargo jet pilots lacked wind data before Miami crash
An air traffic controller didn’t provide an Amazon.com cargo plane with wind information prior to it crashing at Miami International Airport in September.
October 1, 2026Israel finance ministry opposes sale of Zim to Hapag-Lloyd
The ministry objects partly because of Saudi Arabian and Qatari holdings in the German company.
September 29, 2026Canada charts transportation routes beyond U.S.
Canada’s need to expand trade with Europe and Asia is a driving force behind a major new package of regulatory and permitting reforms.
September 22, 2026Kuehne+Nagel enters into long-term collaboration with Amazon
Kuehne+Nagel said the collaboration is designed to strengthen customer services for Amazon and includes Amazon Web Services.
September 21, 2026FedEx-led group completes $8.9B buyout of Poland’s InPost
The transaction gives FedEx a significant foothold in Europe’s rapidly expanding out-of-home delivery market.
September 18, 2026Mitsui to sell older oil tankers as vessel prices surge
The wars in the Middle East and Ukraine are disrupting normal trade routes, tightening shipping capacity and sending freight rates surging.
September 18, 2026Maersk stock surges on higher freight rates
Disruptions in the Red Sea and Strait of Hormuz have benefited the container shipping industry by tying up vessel capacity and tipping the supply-demand balance in favor of shipowners.
September 15, 2026Amazon suspends use of cargo carrier after fatal crash
The jet’s ownership history, weather conditions at the airport, maintenance records and operations by 21 Air were expected to be reviewed by investigators with the NTSB.
September 14, 2026Shipping nations warn global trade is fracturing
The armed conflicts, trade wars and extreme weather events hammering maritime supply chains are signs of a “structural shift” for global trade.
September 10, 2026Amazon Air crash puts outsourcing model in focus again
Amazon’s use of contract cargo carriers may limit its liability after a fatal Miami crash involving an Amazon-branded jet.
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