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 |
|---|---|---|---|---|---|---|
| 46 | 41 | Toll Group |
Australia | $5,600 | $5,600 | 100% |
| 32 | - | Canadian Pacific Kansas City |
Canada | $9,298 | $9,298 | 100% |
| 43 | 45 | TFI International |
Canada | $6,417 | $6,417 | 100% |
| 28 | 31 | Canadian National Railway |
Canada | $12,459 | $12,459 | 100% |
| 9 | 12 | China State Railway Group |
China | $35,181 | $178,584 | 19.7% |
| 11 | 10 | SF Express |
China | $27,182 | $27,182 | 100% |
| 13 | 8 | Cosco Shipping Group |
China | $24,799 | $24,799 | 100% |
| 24 | 25 | Sinotrans |
China | $14,376 | $14,376 | 100% |
| 6 | 5 | Maersk |
Denmark | $48,905 | $51,049 | 95.8% |
| 16 | 14 | DSV A/S |
Denmark | $21,884 | $21,884 | 100% |
| 7 | 7 | CMA CGM |
France | $47,020 | $47,020 | 100% |
| 19 | 24 | Geopost |
France | $16,976 | $16,976 | 100% |
| 27 | 28 | SNCF Group |
France | $12,594 | $45,140 | 27.9% |
| 36 | 40 | Dachser Group |
Germany | $7,682 | $7,682 | 100% |
| 5 | 4 | DHL Group |
Germany | $66,119 | $88,513 | 74.7% |
| 37 | 47 | Rhenus Group |
Germany | $7,644 | $8,115 | 94.2% |
| 12 | 15 | Deutsche Bahn Group |
Germany | $26,735 | $48,876 | 54.7% |
| 18 | 13 | Hapag-Lloyd |
Germany | $19,400 | $19,400 | 100% |
| 44 | 36 | Kerry Logistics |
Hong Kong | $6,055 | $6,055 | 100% |
| 17 | 22 | Indian Railways |
India | $19,634 | $31,017 | 63.3% |
| 49 | 33 | ZIM Integrated Shipping Services |
Israel | $5,162 | $5,162 | 100% |
| 38 | 46 | Kintetsu World Express |
Japan | $7,515 | $7,515 | 100% |
| 21 | 21 | Nippon Express |
Japan | $15,935 | $15,935 | 100% |
| 23 | 16 | Ocean Network Express |
Japan | $14,536 | $14,536 | 100% |
| 25 | 30 | Yamato Holdings |
Japan | $12,870 | $13,066 | 98.5% |
| 30 | 35 | SG Holdings |
Japan | $9,689 | $10,210 | 94.9% |
| 33 | 37 | CJ Logistics |
South Korea | $9,006 | $9,006 | 100% |
| 42 | 29 | HMM Co. |
South Korea | $6,429 | $6,429 | 100% |
| 8 | 11 | Mediterranean Shipping Co. |
Switzerland | $42,286 | $42,286 | 100% |
| 10 | 9 | Kuehne + Nagel International |
Switzerland | $29,659 | $29,659 | 100% |
| 34 | 20 | Evergreen Marine Corp. |
Taiwan | $8,499 | $8,881 | 95.7% |
| 40 | 48 | GLS Group |
The Netherlands | $6,693 | $6,693 | 100% |
| 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% |
| 35 | 34 | XPO |
USA | $7,744 | $7,744 | 100% |
| 4 | 6 | United States Postal Service |
USA | $79,324 | $79,324 | 100% |
| 39 | 44 | Knight-Swift Transportation |
USA | $7,142 | $7,142 | 100% |
| 41 | - | Ryder System |
USA | $6,660 | $11,783 | 56.5% |
| 45 | 50 | Old Dominion Freight Line |
USA | $5,866 | $5,866 | 100% |
| 14 | 18 | Union Pacific Railroad |
USA | $24,119 | $24,119 | 100% |
| 15 | 17 | BNSF Railway |
USA | $23,876 | $23,876 | 100% |
| 47 | 49 | Schneider |
USA | $5,499 | $5,499 | 100% |
| 48 | 43 | Landstar System |
USA | $5,303 | $5,303 | 100% |
| 50 | - | Estes Express Lines |
USA | $5,074 | $5,074 | 100% |
| 20 | 19 | C.H. Robinson |
USA | $16,373 | $17,605 | 93% |
| 22 | 26 | CSX Corp. |
USA | $14,657 | $14,657 | 100% |
| 26 | 27 | J.B. Hunt Transport Services |
USA | $12,830 | $12,830 | 100% |
| 29 | 32 | Norfolk Southern |
USA | $12,156 | $12,156 | 100% |
| 31 | 23 | Expeditors International |
USA | $9,300 | $9,300 | 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
Shipping's 'Biggest Geek' to Explore Supply Chain Frontier
Container shipping analyst Lars Jensen on July 1 sets out for an 18-month trip to scope out opportunities and risks to better connect Africa’s economies to the global trading system.
June 5, 2026Walmart CEO Points to High Fuel Prices as ‘Stress Point’
CEO John Furner said that low-income consumers are experiencing greater pressure on high gas prices. “That’s really the stress point, is the price of fuel,” he said.
June 3, 2026Nearshoring Withstands Tariffs, Geopolitical Upheaval
Nearshoring has further evolved supply chains this year even as tariffs and geopolitical risks have complicated the process.
June 1, 2026Oil Companies Scramble for Ships to Secure Transport
Oil companies are rushing to secure giant tankers to ensure they can transport barrels after the industry was upended by war and the largest vessel-buying spree in a generation, DHT's CEO says.
June 1, 2026USPS Suspends Nonessential Expenses Amid Cash Shortage
The United States Postal Service is suspending discretionary spending across the organization as it faces a looming liquidity crisis.
May 28, 2026USPS Signs Multiyear Deal to Solidify DHL Ties
USPS will carry out last-mile e-commerce deliveries directly to customer homes for DHL under the agreement, the companies said in a statement May 28.
May 28, 2026Kroger Plans Big Price Cuts to Take On Walmart, Costco
Kroger is looking to compete more fiercely with Walmart and other companies that have gained ground in recent years at the expense of traditional grocery operators.
May 21, 2026DOJ 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, 2026
