Union Pacific became the largest railroad in the world once again. The American transportation company had a market value of approximately 122.7 billion U.S. dollars as of May 2023. Canadian National Railway and Canadian Pacific Kansas City ranked second and third, respectively.
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Forbes. (May 31, 2023). Global ranking of the largest railway companies by market value as of May 2023 (in billions of U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 26, 2026, from /statistics/1636211/largest-railways-in-the-world-market-value/
Forbes. "Global ranking of the largest railway companies by market value as of May 2023 (in billions of U.S. dollars)." Chart. May 31, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 26, 2026. /statistics/1636211/largest-railways-in-the-world-market-value/
Forbes. (2023). Global ranking of the largest railway companies by market value as of May 2023 (in billions of U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 26, 2026. /statistics/1636211/largest-railways-in-the-world-market-value/
Forbes. "Global Ranking of The Largest Railway Companies by Market Value as of May 2023 (in Billions of U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 31 May 2023, /statistics/1636211/largest-railways-in-the-world-market-value/
Forbes, Global ranking of the largest railway companies by market value as of May 2023 (in billions of U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1636211/largest-railways-in-the-world-market-value/ (last visited July 26, 2026)
Global ranking of the largest railway companies by market value as of May 2023 (in billions of U.S. dollars) [Graph], Forbes, May 31, 2023. [Online]. Available: /statistics/1636211/largest-railways-in-the-world-market-value/
