Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
---|---|---|---|---|---|---|
41 | - | TFI International | Canada | $3,013 | $3,158 | 95% |
44 | - | Old Dominion Freight Line | United States | $2,972 | $2,972 | 100% |
30 | - | XPO | United States | $5,111 | $12,411 | 41% |
49 | - | Korean Air | South Korea | $2,318 | $10,011 | 23% |
50 | - | Wallenius Wilhelmsen Logistics | Norway | $2,308 | $3,321 | 70% |
38 | - | Pacific International Lines | Singapore | $3,169 | $4,600 | 69% |
2 | 1 | UPS Inc. | United States | $51,777 | $58,363 | 89% |
1 | 2 | FedEx Corp. | United States | $52,014 | $56,241 | 92% |
3 | 3 | China Railway Corp. | China | $37,208 | $147,452 | 25% |
4 | 4 | Maersk | Denmark | $29,696 | $41,205 | 72% |
6 | 5 | Russian Railways | Russia | $21,408 | $32,652 | 66% |
5 | 6 | Union Pacific Corp. | United States | $21,813 | $21,813 | 100% |
8 | 7 | BNSF Railway | United States | $21,002 | $21,967 | 96% |
10 | 8 | Mediterranean Shipping Co. | Switzerland | $19,751 | $19,751 | 100% |
9 | 9 | Deutsche Post DHL Group | Germany | $19,880 | $65,784 | 30% |
11 | 10 | Indian Railways | India | $17,868 | $25,653 | 70% |
13 | 11 | NYK Group | Japan | $14,751 | $20,428 | 72% |
7 | 12 | CMA CGM Group | France | $21,084 | $21,727 | 97% |
14 | 13 | Mitsui O.S.K Lines | Japan | $13,919 | $15,112 | 92% |
16 | 14 | Deutsche Bahn AG | Germany | $12,311 | $44,946 | 27% |
17 | 15 | CSX Corp. | United States | $11,811 | $11,811 | 100% |
12 | 16 | COSCO Group | China | $15,450 | $15,964 | 97% |
18 | 17 | Kawasaki Kisen Kaisha Ltd. (K Line) | Japan | $10,867 | $10,867 | 100% |
19 | 18 | Norfolk Southern Corp. | United States | $10,511 | $10,511 | 100% |
20 | 19 | Yamato Group | Japan | $9,674 | $11,436 | 85% |
21 | 20 | Canadian National Railway | Canada | $9,606 | $9,882 | 97% |
15 | 21 | Hapag-Lloyd AG | Germany | $13,441 | $13,441 | 100% |
23 | 23 | Hanjin Shipping Co. | South Korea | $6,800 | $6,800 | 100% |
25 | 24 | SG Holdings Group | Japan | $6,318 | $8,215 | 77% |
24 | 26 | Hamburg Süd Group | Germany | $6,726 | $6,726 | 100% |
27 | 27 | Orient Overseas (International) Ltd. | Hong Kong | $5,953 | $5,953 | 100% |
22 | 28 | SF Express | China | $7,612 | $7,612 | 100% |
26 | 29 | GeoPost Group | France | $6,131 | $6,303 | 97% |
29 | 30 | Canadian Pacific Railway | Canada | $5,134 | $5,260 | 98% |
31 | 31 | Hyundai Merchant Marine Co. | South Korea | $4,878 | $4,878 | 100% |
28 | 32 | J.B. Hunt Transport Services | United States | $5,501 | $6,188 | 89% |
32 | 34 | Yellow Corp. | United States | $4,832 | $4,832 | 100% |
33 | 35 | Yang Ming Marine Transport Corp. | Taiwan | $4,022 | $4,022 | 100% |
36 | 36 | Transnet Group | South Africa | $3,707 | $4,887 | 76% |
35 | 37 | Evergreen Marine Corp. | Taiwan | $3,857 | $4,220 | 91% |
45 | 39 | Kazakhstan Temir Zholy | Kazakhstan | $2,874 | $3,474 | 83% |
34 | 40 | Swift Transportation | United States | $3,903 | $4,229 | 92% |
39 | 41 | Toll Group | Australia | $3,078 | $6,397 | 48% |
37 | 43 | Schneider | United States | $3,423 | $3,800 | 90% |
47 | 44 | Aurizon | Australia | $2,687 | $2,687 | 100% |
42 | 45 | ZIM Integrated Shipping Services | Israel | $2,999 | $2,999 | 100% |
40 | 47 | Emirates Group | United Arab Emirates | $3,034 | $22,738 | 13% |
43 | 48 | Cathay Pacific Airways | Hong Kong | $2,983 | $13,202 | 23% |
48 | 49 | Lufthansa Group | Germany | $2,616 | $35,603 | 7% |
46 | 50 | Nippon Express | Japan | $2,810 | $16,046 | 18% |
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.
Learn more about Transport Topics' Top 50 Global Freight Carriers Publication.
If your company appears in the 2016 list, you have a few ways to announce it! Visit our logo library to get web- and print-ready graphics.
Amazon Reports ‘Measurable Progress’ on Worker Safety
Amazon’s safety data shows a decline in its warehouse injury rate in 2023, marking an improvement for the second consecutive year, but critics disagree with how the company measures safety.
Hapag-Lloyd Warns of Further Earnings Decline in 2024
Following a slump in profits in 2023, German container shipping company Hapag-Lloyd expects earnings to decline again in 2024.
Houthi Missile Damages MSC Containership in Gulf of Aden
Houthi militants attacked and damaged a Swiss-owned container vessel on March 4 in the Gulf of Aden, as the Iran-backed group continues to roil shipping in the region.
March 5, 2024Norfolk Southern Urges Shareholders to Reject Takeover Plan
OMAHA, Neb. — Norfolk Southern wants its shareholders to back its current management team and strategy and reject a bid from a group of investors seeking to take control of the railroad.
Port of Baltimore Hit Cargo Record Last Year
The Port of Baltimore hit records for handling cargo last year, state officials said, showing a rebound from global supply chain difficulties and disruptions during the pandemic.
Investors Flee Tumbling EV Upstarts
Investors have all but thrown in the towel on shares of EV startups Rivian Automotive and Lucid Group.
Southwest Airlines Ground Workers Reach Deal for Pay Bump
Southwest Airlines has reached a contract with its ramp, operations, provisioning and freight agents that’ll give workers an average pay increase of over 18%.
Shipping Giant CMA CGM Posts Loss as Red Sea Conflict Rages
CMA CGM SA posted its first quarterly loss in four years as the shipping industry struggles with the conflict in the Red Sea and the specter of overcapacity.
Port of Mobile to Build Container Facility in North Alabama
The Alabama Port Authority and CSX Transportation announced that Decatur, Ala., will be home to a new intermodal container transfer facility to connect north Alabama to the Port of Mobile.
Maersk Warns of Slowdown Once Freight Boost Fades
A.P. Moller-Maersk A/S shares plunged after the company said it expects renewed gloom in the industry this year when the current boost to freight rates from the Red Sea conflict evaporates.