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%
28 31 Canadian National Railway Canada $12,459 $12,459 100%
32 - Canadian Pacific Kansas City Canada $9,298 $9,298 100%
43 45 TFI International Canada $6,417 $6,417 100%
24 25 Sinotrans China $14,376 $14,376 100%
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%
16 14 DSV A/S Denmark $21,884 $21,884 100%
6 5 Maersk Denmark $48,905 $51,049 95.8%
19 24 Geopost France $16,976 $16,976 100%
27 28 SNCF Group France $12,594 $45,140 27.9%
7 7 CMA CGM France $47,020 $47,020 100%
18 13 Hapag-Lloyd Germany $19,400 $19,400 100%
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%
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%
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%
38 46 Kintetsu World Express Japan $7,515 $7,515 100%
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%
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%
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%
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
Government, Business, Technology, Equipment, Global Freight

Postal Service Head Says Aging Trucks Need Upgrades

Postmaster General Louis DeJoy said the Postal Service needs to replace aging trucks, and he wasn’t aware of an effort by the incoming presidential administration to cancel plans to buy EVs.

Cailley LaPara | Bloomberg News
December 6, 2024
Business, Logistics, Global Freight, TCA

Hapag-Lloyd Profitable Despite Global Downturn

HAMBURG, Germany — The German shipping company Hapag-Lloyd says it has made a good profit so far this year, despite the economic downturn and several international crises.

dpa | Hamburg, Germany
November 14, 2024
Business, Logistics, Private, Global Freight

Amazon Aims at Temu With Low-Priced Storefront Called Haul

Amazon launched an online storefront designed to compete with Temu, the low-cost shopping app that gained traction with shoppers who trade longer shipping times for rock-bottom prices.

Matt Day | Bloomberg News
November 13, 2024
Business, Technology, Equipment, Fuel, Logistics, For-Hire, Private, Global Freight

Nikola Leads Field in Hydrogen Fuel Cell EV Deployment

Hydrogen fuel cell electric vehicles may be envisioned as the future workhorse of a decarbonized longhaul freight sector, but their development has proceeded at a measured pace.

Keiron Greenhalgh | Staff Reporter
November 7, 2024
Business, Logistics, For-Hire, Private, Global Freight

Retailers Offer ‘Returnless Refunds’ to Reduce Shipping Fees

Returnless refunds are a tool that more retailers are using to keep online shoppers happy and to reduce shipping fees, processing time and other ballooning costs from returned products.

Haleluya Hadero | Associated Press
November 4, 2024
Business, Logistics, Global Freight, Top 50

Ocean, Airfreight Volumes Falter in Rocky 2023

Shippers faced hurdles with both ocean freight and airfreight in 2023, leading to declined volumes at North America's top container ports and airports.

Mike Senatore | Features Coordinator
November 1, 2024
Government, Business, Logistics, Global Freight, Top 50

Top 50 Freight Companies Endure Global Trade Slump

A slump in international trade, geopolitical conflicts and economic uncertainty created a difficult business environment for the largest transportation and logistics providers in 2023.

Seth Clevenger | Managing Editor, Features and Multimedia
November 1, 2024
Government, Business, Technology, Logistics, Global Freight, Top 50

Looking Up: Airfreight Demand Takes Off in 2024

Demand for global air cargo traffic continues to increase amid ­e-commerce growth and ocean shipping constraints, driving prices higher as carriers and airports seek new efficiencies to maximize capacity.

Mindy Long | Special to Transport Topics
November 1, 2024
Business, Logistics, Global Freight, Top 100, Top 50

Amazon Exceeds Profit Forecasts, Predicts Q4 Sales Surge

“As we get into the holiday season, we’re excited about what we have in store for customers,” CEO Andy Jassy said in a statement.

Matt Day | Bloomberg News
October 31, 2024
Business, Logistics, Global Freight, Top 100

DSV Secures $5.4 Billion in Bonds for DB Schenker Deal

The Danish transport company sold a six-part bond deal with maturities ranging from two to 10 years, according to a person familiar with the matter.

October 30, 2024
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