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.
Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
---|---|---|---|---|---|---|
50 | - | Estes Express Lines | USA | $5,074 | $5,074 | 100% |
41 | - | Ryder System | USA | $6,660 | $11,783 | 56.5% |
32 | - | Canadian Pacific Kansas City | Canada | $9,298 | $9,298 | 100% |
1 | 1 | Amazon.com Inc. | USA | $140,053 | $573,988 | 24.4% |
3 | 2 | UPS Inc. | USA | $90,958 | $90,958 | 100% |
2 | 3 | FedEx Corp. | USA | $93,316 | $93,316 | 100% |
5 | 4 | DHL Group | Germany | $66,119 | $88,513 | 74.7% |
6 | 5 | Maersk | Denmark | $48,905 | $51,049 | 95.8% |
4 | 6 | United States Postal Service | USA | $79,324 | $79,324 | 100% |
7 | 7 | CMA CGM | France | $47,020 | $47,020 | 100% |
13 | 8 | Cosco Shipping Group | China | $24,799 | $24,799 | 100% |
10 | 9 | Kuehne + Nagel International | Switzerland | $29,659 | $29,659 | 100% |
11 | 10 | SF Express | China | $27,182 | $27,182 | 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% |
18 | 13 | Hapag-Lloyd | Germany | $19,400 | $19,400 | 100% |
16 | 14 | DSV A/S | Denmark | $21,884 | $21,884 | 100% |
12 | 15 | Deutsche Bahn Group | Germany | $26,735 | $48,876 | 54.7% |
23 | 16 | Ocean Network Express | Japan | $14,536 | $14,536 | 100% |
15 | 17 | BNSF Railway | USA | $23,876 | $23,876 | 100% |
14 | 18 | Union Pacific Railroad | USA | $24,119 | $24,119 | 100% |
20 | 19 | C.H. Robinson | USA | $16,373 | $17,605 | 93% |
34 | 20 | Evergreen Marine Corp. | Taiwan | $8,499 | $8,881 | 95.7% |
21 | 21 | Nippon Express | Japan | $15,935 | $15,935 | 100% |
17 | 22 | Indian Railways | India | $19,634 | $31,017 | 63.3% |
31 | 23 | Expeditors International | USA | $9,300 | $9,300 | 100% |
19 | 24 | Geopost | France | $16,976 | $16,976 | 100% |
24 | 25 | Sinotrans | China | $14,376 | $14,376 | 100% |
22 | 26 | CSX Corp. | USA | $14,657 | $14,657 | 100% |
26 | 27 | J.B. Hunt Transport Services | USA | $12,830 | $12,830 | 100% |
27 | 28 | SNCF Group | France | $12,594 | $45,140 | 27.9% |
42 | 29 | HMM Co. | South Korea | $6,429 | $6,429 | 100% |
25 | 30 | Yamato Holdings | Japan | $12,870 | $13,066 | 98.5% |
28 | 31 | Canadian National Railway | Canada | $12,459 | $12,459 | 100% |
29 | 32 | Norfolk Southern | USA | $12,156 | $12,156 | 100% |
49 | 33 | ZIM Integrated Shipping Services | Israel | $5,162 | $5,162 | 100% |
35 | 34 | XPO | USA | $7,744 | $7,744 | 100% |
30 | 35 | SG Holdings | Japan | $9,689 | $10,210 | 94.9% |
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% |
46 | 41 | Toll Group | Australia | $5,600 | $5,600 | 100% |
48 | 43 | Landstar System | USA | $5,303 | $5,303 | 100% |
39 | 44 | Knight-Swift Transportation | USA | $7,142 | $7,142 | 100% |
43 | 45 | TFI International | Canada | $6,417 | $6,417 | 100% |
38 | 46 | Kintetsu World Express | Japan | $7,515 | $7,515 | 100% |
37 | 47 | Rhenus Group | Germany | $7,644 | $8,115 | 94.2% |
40 | 48 | GLS Group | The Netherlands | $6,693 | $6,693 | 100% |
47 | 49 | Schneider | USA | $5,499 | $5,499 | 100% |
45 | 50 | Old Dominion Freight Line | USA | $5,866 | $5,866 | 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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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.
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