Up Front
Rankings
| Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
|---|---|---|---|---|---|---|
| 1 | 1 | FedEx Logistics |
United States | $57,198 | $62,335 | 91.8% |
| 2 | 2 | UPS Inc. |
United States | $57,100 | $65,872 | 86.7% |
| 3 | 3 | China Railway Corp. |
China | $39,395 | $150,274 | 26.2% |
| 4 | 4 | Maersk |
Denmark | $29,096 | $30,945 | 94% |
| 5 | 5 | Russian Railways |
Russia | $26,285 | $38,594 | 68.1% |
| 6 | 6 | Deutsche Post DHL Group |
Germany | $21,915 | $68,271 | 32.1% |
| 7 | 9 | Mediterranean Shipping Co. |
Switzerland | $21,428 | $21,428 | 100% |
| 8 | 7 | Union Pacific Corp. |
United States | $21,240 | $21,240 | 100% |
| 9 | 10 | CMA CGM Group |
France | $21,116 | $21,116 | 100% |
| 10 | 8 | BNSF Railway |
United States | $20,406 | $21,387 | 95.4% |
| 11 | 11 | Indian Railways |
India | $17,948 | $25,311 | 64.8% |
| 12 | 13 | Mitsui O.S.K. Lines |
Japan | $13,958 | $14,830 | 94.1% |
| 13 | 12 | NYK Group |
Japan | $13,869 | $19,903 | 69.7% |
| 14 | 18 | Cosco Shipping Group |
China | $13,378 | $13,378 | 100% |
| 15 | 14 | Deutsche Bahn AG |
Germany | $12,578 | $48,234 | 26.1% |
| 16 | 17 | CSX Corp. |
United States | $11,408 | $11,408 | 100% |
| 17 | 15 | Hapag-Lloyd AG |
Germany | $11,264 | $11,264 | 100% |
| 18 | 16 | Yamato Holdings |
Japan | $11,190 | $15,459 | 72% |
| 19 | 19 | Norfolk Southern Corp. |
United States | $10,551 | $10,551 | 100% |
| 20 | 22 | SF Express |
China | $10,522 | $10,522 | 100% |
| 21 | 20 | Kawasaki Kisen Kaisha Ltd. (K Line) |
Japan | $10,166 | $10,166 | 100% |
| 22 | 21 | Canadian National Railway |
Canada | $9,766 | $10,054 | 97% |
| 23 | 23 | XPO |
United States | $7,516 | $15,381 | 48.9% |
| 24 | 25 | GeoPost Group |
France | $7,350 | $7,699 | 95.5% |
| 25 | 24 | SG Holdings |
Japan | $7,302 | $9,003 | 81.1% |
| 26 | 27 | J.B. Hunt Transport Services |
United States | $6,181 | $7,190 | 86% |
| 27 | 28 | Orient Overseas (International) Ltd. |
Hong Kong | $6,108 | $6,108 | 100% |
| 28 | 30 | Canadian Pacific Railway |
Canada | $4,915 | $5,053 | 97.3% |
| 29 | 29 | Yellow Corp. |
United States | $4,891 | $4,891 | 100% |
| 30 | 32 | Knight-Swift Transportation |
United States | $4,634 | $5,186 | 89.4% |
| 31 | 35 | Evergreen Marine Corp. |
Taiwan | $4,444 | $4,947 | 88.9% |
| 32 | 31 | Hyundai Merchant Marine Co. |
South Korea | $4,438 | $4,438 | 100% |
| 33 | 33 | Yang Ming Marine Transport Corp. |
Taiwan | $4,303 | $4,303 | 100% |
| 34 | 34 | Transnet Group |
South Africa | $3,775 | $4,918 | 76.8% |
| 35 | 36 | Schneider |
United States | $3,647 | $4,384 | 83.2% |
| 36 | 40 | TFI International |
Canada | $3,460 | $3,655 | 94.7% |
| 37 | 39 | Emirates Group |
United Arab Emirates | $3,386 | $24,831 | 13.6% |
| 38 | 38 | Old Dominion Freight Line |
United States | $3,358 | $3,358 | 100% |
| 39 | 37 | Nippon Express |
Japan | $3,117 | $17,798 | 17.5% |
| 40 | 43 | Cathay Pacific Airways |
Hong Kong | $3,067 | $12,483 | 24.6% |
| 41 | 41 | Toll Group |
Australia | $3,023 | $6,282 | 48.1% |
| 42 | 44 | ZIM Integrated Shipping Services |
Israel | $2,978 | $2,978 | 100% |
| 43 | 46 | Lufthansa Group |
Germany | $2,851 | $40,186 | 7.1% |
| 44 | 38 | Pacific International Lines |
Singapore | $2,616 | $3,798 | 68.9% |
| 45 | 45 | Kansas City Southern |
United States | $2,583 | $2,583 | 100% |
| 46 | 48 | Estes Express Lines |
United States | $2,476 | $2,746 | 90.2% |
| 47 | 50 | Korean Air |
South Korea | $2,473 | $10,387 | 23.8% |
| 48 | 42 | Aurizon |
Australia | $2,409 | $2,409 | 100% |
| 49 | - | Wallenius Wilhelmsen Group |
Norway | $2,404 | $3,024 | 79.5% |
| 50 | - | Kazakhstan Temir Zholy |
Kazakhstan | $2,349 | $2,785 | 84.3% |
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.
Extras
Global Freight News
Shipowners offer huge bonuses to get crews to sail Hormuz
The offer highlights mounting risks in the Strait of Hormuz after 59 commercial ships were attacked and 17 seafarers died.
July 20, 2026Shaky U.S.-Iran ceasefire renews anxiety over fuel prices
Oil prices rose to their highest point in weeks after President Donald Trump declared the U.S. ceasefire with Iran over, responding to Iranian attacks on commercial ships in the Strait of Hormuz.
July 9, 2026Latest Amazon bond demand cools after March debt sale
When Amazon sold its biggest-ever bond earlier this year, it was inundated with investor orders amid hype about the AI boom. This time around, there’s less fanfare.
July 7, 2026Palmer deal gives logistics firm H.Essers U.S. market entry
H.Essers is entering the U.S. market by bringing chemical warehousing firm Palmer Logistics into its operations and outlining plans for expansion.
July 7, 2026Maersk, Hapag-Lloyd signal Red Sea route return
Maersk and Hapag-Lloyd signaled confidence about resuming passage through the Red Sea, sending the container carriers’ shares down July 6.
July 6, 2026Evergreen Marine searched in insider trading probe
Evergreen Marine confirmed authorities had searched its premises, adding that the company was fully cooperating with the investigation.
July 6, 2026Amazon to pay more than $2M in FTC identity theft case
Amazon agreed to pay $2.25 million to settle U.S. claims that it routinely failed to provide records to help customers who were victims of identity theft.
June 30, 2026Maersk raises profit outlook on solid demand
Maersk upgraded its profit outlook for this year, citing solid demand especially in Asia and a global container market that looks to stay healthy the rest of the year.
June 29, 2026Cargo Ship Attack Tests Reopening of Strait of Hormuz
A ship was hit by an unknown projectile in the Strait of Hormuz, just hours after several freighters turned around while attempting to cross the vital waterway.
June 25, 2026Amazon Prime Day Online Spending Beats Estimate on Day 1
Competitors such as Walmart and Target scheduled overlapping promotions, boosting traffic and shopping across the web.
June 24, 2026Archives
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