Kuehne + Nagel International

The European edition of the Fortune 500, ranking companies by revenue.

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The corporations on our annual list of the world’s largest companies delivered a record $41 trillion in aggregate revenues.

Fortune Global 500

The first-ever European edition of the Fortune 500, ranking companies by revenue. 

F500 Europe-Kuehne + Nagel

Kuehne+Nagel is the world's top freight forwarder by revenue with operations in over 100 countries in sea, air, road and contract logistics. Surging cargo volumes for a second consecutive year helped the group post a 15% annual increase in turnover to $41.3 billion in 2022, with net profit up 24.6% to $2.8 billion.    
<ul> 
 	<li data-leveltext="●" data-font="Verdana" data-listid="75" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Verdana&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;●&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" data-aria-posinset="1" data-aria-level="1">The company’s CEO Stefan Paul said earlier in 2023 that the company’s focus was more on margins than on expanding market share, though he said it was likely that Kuehne+Nagel would strengthen its position in U.S. omnichannel fulfillment in the next few years, possibly through mergers and acquisitions. The company also has ambitions to expand further into high growth markets in Asia, Africa and the Middle East.  </li> 
 	<li data-leveltext="●" data-font="Verdana" data-listid="75" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Verdana&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;●&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" data-aria-posinset="2" data-aria-level="1">Business slowed in the first half of 2023, particularly in air and sea freight where turnover dropped 44% and 51% year on year respectively, as the wider market contracted from pandemic highs.</li> 
</ul>

Aggregate sales hit $37.8 trillion last year—an increase of 19%, the highest annual growth rate in the list’s history.

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