Up Front
Rankings
Top 50 Global Freight | Airport Data
Port Data: Pacific Northwest | California & Pacific Islands | North Atlantic | Mid-Atlantic & South Atlantic | Mexico & Central America | Gulf Coast | Caribbean | Great Lakes
| Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
|---|---|---|---|---|---|---|
| 1 | 1 | FedEx Corp. |
United States | $63,914 | $68,716 | 93.0% |
| 2 | 2 | UPS Inc. |
United States | $61,253 | $71,861 | 85.2% |
| 3 | 3 | China Railway Corp. |
China | $45,001 | $165,494 | 27.2% |
| 4 | 4 | Maersk |
Denmark | $34,707 | $39,019 | 88.9% |
| 5 | 5 | Russian Railways |
Russia | $26,012 | $38,403 | 67.7% |
| 6 | 6 | Deutsche Post DHL Group |
Germany | $24,307 | $72,622 | 33.5% |
| 7 | 9 | CMA CGM Group |
France | $23,480 | $23,480 | 100.0% |
| 8 | 7 | Mediterranean Shipping Co. |
Switzerland | $22,892 | $22,892 | 100.0% |
| 9 | 8 | Union Pacific Corp. |
United States | $22,832 | $22,832 | 100.0% |
| 10 | 10 | BNSF Railway |
United States | $22,578 | $23,855 | 94.6% |
| 11 | 11 | Indian Railways |
India | $18,628 | $26,092 | 71.4% |
| 12 | 14 | Cosco Shipping Group |
China | $18,179 | $18,179 | 100.0% |
| 13 | 15 | Deutsche Bahn AG |
Germany | $13,630 | $51,943 | 26.2% |
| 14 | 17 | Hapag-Lloyd AG |
Germany | $13,586 | $13,586 | 100.0% |
| 15 | 20 | SF Express |
China | $13,547 | $13,547 | 100.0% |
| 16 | 18 | Yamato Holdings |
Japan | $12,262 | $14,712 | 83.0% |
| 17 | 16 | CSX Corp. |
United States | $12,250 | $12,250 | 100.0% |
| 18 | 13 | NYK Group |
Japan | $11,693 | $18,281 | 64.0% |
| 19 | 19 | Norfolk Southern Corp. |
United States | $11,458 | $11,458 | 100.0% |
| 20 | 22 | Canadian National Railway |
Canada | $10,747 | $11,045 | 97.3% |
| 21 | 12 | Mitsui O.S.K Lines |
Japan | $10,668 | $11,311 | 94.3% |
| 22 | 25 | SG Holdings |
Japan | $8,568 | $10,353 | 82.8% |
| 23 | 24 | GeoPost Group |
France | $8,306 | $8,699 | 95.5% |
| 24 | 21 | Kawaski Kisen Kaisha Ltd. ( |
Japan | $8,299 | $8,299 | 100.0% |
| 25 | 23 | XPO |
United States | $8,241 | $17,279 | 47.7% |
| 26 | 26 | J.B. Hunt Transport Services |
United States | $7,297 | $8,615 | 84.7% |
| 27 | 28 | Canadian Pacific Railway |
Canada | $5,516 | $5,642 | 97.8% |
| 28 | 31 | Evergreen Marine Corp. |
Taiwan | $5,210 | $5,613 | 92.8% |
| 29 | 29 | Yellow Corp. |
United States | $5,092 | $5,092 | 100.0% |
| 30 | 30 | Knight-Swift Transportation |
United States | $4,760 | $5,344 | 89.1% |
| 31 | 32 | Hyundai Merchant Marine Co. |
South Korea | $4,745 | $4,745 | 100.0% |
| 32 | 33 | Yang Ming Marine Transport Corp. |
Taiwan | $4,704 | $4,704 | 100.0% |
| 33 | 34 | Transnet Group |
South Africa | $4,275 | $5,588 | 76.5% |
| 34 | 35 | Schneider |
United States | $4,057 | $4,977 | 81.5% |
| 35 | 38 | Old Dominion Freight Line |
United States | $4,044 | $4,044 | 100.0% |
| 36 | - | General Logistics Systems |
Netherlands | $3,850 | $3,850 | 100.0% |
| 37 | 36 | TFI International |
Canada | $3,746 | $3,951 | 94.8% |
| 38 | 40 | Cathay Pacific Airways |
Hong Kong | $3,613 | $14,170 | 25.5% |
| 39 | 37 | Emirates Group |
United Arab Emirates | $3,555 | $26,147 | 13.6% |
| 40 | 39 | Nippon Express |
Japan | $3,396 | $19,245 | 17.6% |
| 41 | 42 | ZIM Integrated Shipping Services |
Israel | $3,248 | $3,248 | 100.0% |
| 42 | 43 | Lufthansa Group |
Germany | $3,201 | $42,292 | 7.6% |
| 43 | 41 | Toll Group |
Australia | $3,128 | $6,350 | 49.3% |
| 44 | 49 | Wallenius Wilhelmsen Group |
Norway | $3,049 | $4,063 | 75.0% |
| 45 | 44 | Pacific International Lines |
Singapore | $2,800 | $4,065 | 68.9% |
| 46 | 46 | Estes Express Lines |
United States | $2,787 | $3,186 | 87.5% |
| 47 | - | Qatar Airways |
Qatar | $2,753 | $13,126 | 21.0% |
| 48 | 47 | Korean Air |
South Korea | $2,737 | $11,496 | 23.8% |
| 49 | 45 | Kansas City Southern |
United States | $2,714 | $2,714 | 100.0% |
| 50 | - | Cargolux |
Luxembourg | $2,634 | $2,634 | 100.0% |
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
FedEx Leads Investors for $9.3 Billion InPost Buyout
Investors led by buyout firm Advent International and FedEx are seeking to buy Polish parcel-locker company InPost in a deal that values the business at $9.3 billion.
February 9, 2026Amazon Delivers Strong Q4 Sales but Misses on Earnings
Amazon reported fourth-quarter earnings slightly below Wall Street estimates even as sales surged and it reported the fastest growth in its prominent cloud computing business in 13 quarters.
February 5, 2026Companies Announce Most Job Cuts for Any January Since 2009
The report on Feb. 5 also showed hiring intentions slid 13% from a year earlier to 5,306 — marking the weakest total for any January in the firm’s records back to 2009.
February 5, 2026Maersk to Cut 1,000 Jobs, Reports Drop in Earnings
Maersk plans to cut 1,000 jobs and focus on cost discipline this year as the container giant seeks to insulate its earnings against deteriorating freight rates with Red Sea routes reopening.
February 5, 2026Old Dominion Posts Lower Q4 Results While Investing in Growth
Old Dominion Freight Line doubled down on improving operations and services after reporting a drop in revenue for the fourth quarter of 2025.
February 4, 2026CK Hutchison Seeks Damages Via Arbitration on Panama Ports
The Hong Kong-based conglomerate said in a separate stock exchange filing that it will “vigorously pursue” the case under the rules of the International Chamber of Commerce.
February 4, 2026Shipping Firms Face Tough 2026 as Reopening of Red Sea Looms
Supply continues to expand at a record pace, with a projected 36% surge in new vessel capacity from 2023 to 2027. On the flip side, demand for container shipping is expected to contract 1.1% in 2026.
February 4, 2026Schneider Expresses Renewed Determination After Q4 Results
Schneider responded to a disappointing fourth quarter with renewed resolve to improve operations and prepare for an expected freight upturn, the company reported Jan. 29.
January 30, 2026Trump Policies Pinch Profits of Transport, Industrial Firms
Earnings reports from some large U.S. manufacturers and transportation companies drove home how President Trump’s policies on trade and energy are putting a squeeze on the sector’s profits.
January 30, 2026AI, Cost Discipline Lift C.H. Robinson in Tough Q4
C.H. Robinson Worldwide used cost discipline and leveraged technology like artificial intelligence to gain market share despite fourth-quarter obstacles.
January 29, 2026Archives
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