| Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
|---|---|---|---|---|---|---|
| 1 | 2 | FedEx Corp. | United States | $52,014 | $56,241 | 92% |
| 2 | 1 | UPS Inc. | United States | $51,777 | $58,363 | 89% |
| 3 | 3 | China Railway Corp. | China | $37,208 | $147,452 | 25% |
| 4 | 4 | Maersk | Denmark | $29,696 | $41,205 | 72% |
| 5 | 6 | Union Pacific Corp. | United States | $21,813 | $21,813 | 100% |
| 6 | 5 | Russian Railways | Russia | $21,408 | $32,652 | 66% |
| 7 | 12 | CMA CGM Group | France | $21,084 | $21,727 | 97% |
| 8 | 7 | BNSF Railway | United States | $21,002 | $21,967 | 96% |
| 9 | 9 | Deutsche Post DHL Group | Germany | $19,880 | $65,784 | 30% |
| 10 | 8 | Mediterranean Shipping Co. | Switzerland | $19,751 | $19,751 | 100% |
| 11 | 10 | Indian Railways | India | $17,868 | $25,653 | 70% |
| 12 | 16 | COSCO Group | China | $15,450 | $15,964 | 97% |
| 13 | 11 | NYK Group | Japan | $14,751 | $20,428 | 72% |
| 14 | 13 | Mitsui O.S.K Lines | Japan | $13,919 | $15,112 | 92% |
| 15 | 21 | Hapag-Lloyd AG | Germany | $13,441 | $13,441 | 100% |
| 16 | 14 | Deutsche Bahn AG | Germany | $12,311 | $44,946 | 27% |
| 17 | 15 | CSX Corp. | United States | $11,811 | $11,811 | 100% |
| 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% |
| 22 | 28 | SF Express | China | $7,612 | $7,612 | 100% |
| 23 | 23 | Hanjin Shipping Co. | South Korea | $6,800 | $6,800 | 100% |
| 24 | 26 | Hamburg Süd Group | Germany | $6,726 | $6,726 | 100% |
| 25 | 24 | SG Holdings Group | Japan | $6,318 | $8,215 | 77% |
| 26 | 29 | GeoPost Group | France | $6,131 | $6,303 | 97% |
| 27 | 27 | Orient Overseas (International) Ltd. | Hong Kong | $5,953 | $5,953 | 100% |
| 28 | 32 | J.B. Hunt Transport Services | United States | $5,501 | $6,188 | 89% |
| 29 | 30 | Canadian Pacific Railway | Canada | $5,134 | $5,260 | 98% |
| 30 | - | XPO | United States | $5,111 | $12,411 | 41% |
| 31 | 31 | Hyundai Merchant Marine Co. | South Korea | $4,878 | $4,878 | 100% |
| 32 | 34 | Yellow Corp. | United States | $4,832 | $4,832 | 100% |
| 33 | 35 | Yang Ming Marine Transport Corp. | Taiwan | $4,022 | $4,022 | 100% |
| 34 | 40 | Swift Transportation | United States | $3,903 | $4,229 | 92% |
| 35 | 37 | Evergreen Marine Corp. | Taiwan | $3,857 | $4,220 | 91% |
| 36 | 36 | Transnet Group | South Africa | $3,707 | $4,887 | 76% |
| 37 | 43 | Schneider | United States | $3,423 | $3,800 | 90% |
| 38 | - | Pacific International Lines | Singapore | $3,169 | $4,600 | 69% |
| 39 | 41 | Toll Group | Australia | $3,078 | $6,397 | 48% |
| 40 | 47 | Emirates Group | United Arab Emirates | $3,034 | $22,738 | 13% |
| 41 | - | TFI International | Canada | $3,013 | $3,158 | 95% |
| 42 | 45 | ZIM Integrated Shipping Services | Israel | $2,999 | $2,999 | 100% |
| 43 | 48 | Cathay Pacific Airways | Hong Kong | $2,983 | $13,202 | 23% |
| 44 | - | Old Dominion Freight Line | United States | $2,972 | $2,972 | 100% |
| 45 | 39 | Kazakhstan Temir Zholy | Kazakhstan | $2,874 | $3,474 | 83% |
| 46 | 50 | Nippon Express | Japan | $2,810 | $16,046 | 18% |
| 47 | 44 | Aurizon | Australia | $2,687 | $2,687 | 100% |
| 48 | 49 | Lufthansa Group | Germany | $2,616 | $35,603 | 7% |
| 49 | - | Korean Air | South Korea | $2,318 | $10,011 | 23% |
| 50 | - | Wallenius Wilhelmsen Logistics | Norway | $2,308 | $3,321 | 70% |
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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Norfolk 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.
February 27, 2024Port 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.
February 26, 2024Investors Flee Tumbling EV Upstarts
Investors have all but thrown in the towel on shares of EV startups Rivian Automotive and Lucid Group.
February 26, 2024Southwest 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%.
February 23, 2024Shipping 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.
February 23, 2024Port 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.
February 8, 2024Maersk 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.
February 8, 2024Cincinnati Airport Deploys Autonomous Baggage Handling EVs
Cincinnati/Northern Kentucky International Airport is using devices known as Auto-DollyTugs, electric autonomous vehicles complete with “robotic arms,” to handle baggage and cargo.
February 6, 2024Amazon Beats Revenue and Profit Expectations for Q4
Amazon on Feb. 1 reported better-than-expected revenue and profits for the fourth quarter, driven by strong consumer spending during the holiday shopping season.
February 2, 2024Container Boom Leads to Q4 Earnings Dip at Hapag-Lloyd
HAMBURG, Germany — The sharp drop in freight prices following the pandemic has caused a slump in sales and profits at German container shipping company Hapag-Lloyd.
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