THAILANDSICThailand Standard Industrial Classification

TSIC Activity

49120

Freight rail transport

การขนส่งสินค้าทางรถไฟ

What this activity covers

Companies in this sector transport freight using rail and tram systems over various distances.

  • Rail freight transport — Transporting goods specifically by rail
  • Tram freight transport — Transporting goods using trams
  • Short distance freight transport — Freight transport over short distances

Not included here

  • Activities related to storage and warehousing, see subgroup 5210.
  • Freight terminal activities, see subgroup 5221
  • Transportation of goods, see subgroup 5224

Foreign ownership

List 2: Restricted, Cabinet routeinherited from 49

Domestic transportation by land, water or air, including the domestic airline business

Domestic transportation only. International carriage falls outside this item, and sector laws impose their own foreign shareholding caps.

FBA B.E. 2542, List 2, Chapter 1 (2)Routes: Cabinet permission, US Treaty of Amity

Auto-mapped, verify against the Act. These TSIC mappings are indicative, not legal advice; the schedules of the Foreign Business Act B.E. 2542 are the authority. See the full foreign ownership reference.

Industry at a glance

as of 23 ก.ค. 69

The whole registered industry under this activity, every registration year, from the DBD DataWarehouse.

31
active companies operate here
฿853.1Mregistered capital, combined
฿780.7M
Sector revenue · 2025
+107% since 2023
฿-7708115
Net profit · 2025
13 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
0%of new registered capital is foreign-held
฿0 foreign฿5.0M Thai

Based on few new registrations this year — read as a rough signal only.

New in 2026

1+100.0%

registrations, YTD

Registered capital

฿853.1M+88.5%

since year-end

Largest by revenue

Latest filed-year revenue, not a multi-year total

  1. 1PAN-ASIA SILK ROAD CO., LTD.฿254.4M
  2. 2SRITRANG LEO MULTIMODAL LOGISTICS CO., LTD.฿221.0M
  3. 3Sritrang Lanbrid Co., Ltd.฿97.3M
  4. 4KT Train Co., Ltd.฿75.9M
  5. 5The Trinity Co., Ltd.฿50.2M

Largest by registered capital

  1. 1PAN-ASIA SILK ROAD CO., LTD.Bangkok฿565.0M
  2. 2KT Train Co., Ltd.Rayong฿130.0M
  3. 3SRITRANG LEO MULTIMODAL LOGISTICS CO., LTD.Bangkok฿75.0M

Source: Department of Business Development DataWarehouse. Financial figures are combined totals of companies that filed statements; revenue and profit shown for the latest three reporting years.

Companies registered since 2022

Browse all

New DBD registrations under this activity since 2022, the period the registry snapshot covers, not the full historical register.

5
Registered
since 2022
5
Still active
0
Dissolved
฿5.0M
Median capital
of active

New registrations per year

2023peak 3 in 20242026

Largest active companies by registered capital

Source: Department of Business Development (DBD) new-registration records, 2022 to present. Counts cover companies first registered in that window, reflect the latest snapshot load, and may lag the live register.

Emerhub

Restricted activity? There is usually a route.

Emerhub structures foreign-owned companies around FBA restrictions: Foreign Business Licence applications, BOI promotion, and compliant shareholding structures. Talk through your case before you commit to one.

Talk to Emerhub Thailand