2020 Essential Revenue and Operating Information for the 50 Largest Global Freight Carriers
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. |
USA | $64,690 | $69,189 | 93.5% |
| 2 | 2 | UPS Inc. |
USA | $63,978 | $74,094 | 86.3% |
| 3 | 3 | China Railway Corp. |
China | $44,468 | $163,536 | 27.2% |
| 4 | 4 | Maersk |
Denmark | $34,839 | $38,890 | 89.6% |
| 5 | 7 | CMA CGM Group |
France | $30,254 | $30,254 | 100.0% |
| 6 | 5 | Russian Railways |
Russia | $26,267 | $38,618 | 68.0% |
| 7 | 6 | Deutsche Post DHL Group |
Germany | $24,265 | $70,940 | 34.2% |
| 8 | 8 | Mediterranean Shipping Co. |
Switzerland | $24,002 | $24,002 | 100.0% |
| 9 | 10 | BNSF Railway |
USA | $22,328 | $23,515 | 95.0% |
| 10 | 12 | Cosco Shipping Group |
China | $21,787 | $21,787 | 100.0% |
| 11 | 9 | Union Pacific Corp. |
USA | $21,708 | $21,708 | 100.0% |
| 12 | 11 | Indian Railways |
India | $19,036 | $26,991 | 70.5% |
| 13 | 15 | SF Express |
China | $16,050 | $16,050 | 100.0% |
| 14 | 14 | Hapag-Lloyd AG |
Germany | $14,121 | $14,121 | 100.0% |
| 15 | 13 | Deutsche Bahn AG |
Germany | $12,963 | $49,761 | 26.0% |
| 16 | 16 | Yamato Holdings |
Japan | $12,517 | $14,911 | 83.9% |
| 17 | 17 | CSX Corp. |
USA | $11,937 | $11,937 | 100.0% |
| 18 | 19 | Norfolk Southern Corp. |
USA | $11,296 | $11,296 | 100.0% |
| 19 | 20 | Canadian National Railway |
Canada | $10,953 | $11,241 | 97.4% |
| 20 | 18 | NYK Group |
Japan | $10,210 | $16,262 | 62.8% |
| 21 | 21 | Mitsui O.S.K Lines |
Japan | $9,696 | $10,633 | 91.2% |
| 22 | 22 | SG Holdings |
Japan | $9,036 | $10,683 | 84.6% |
| 23 | 23 | GeoPost Group |
France | $8,600 | $8,600 | 100.0% |
| 24 | 25 | XPO |
USA | $7,864 | $16,648 | 47.2% |
| 25 | 26 | J.B. Hunt Transport Services |
USA | $7,829 | $9,165 | 85.4% |
| 26 | 24 | Kawasaki Kisen Kaisha Ltd. (K Line) |
Japan | $7,022 | $7,022 | 100.0% |
| 27 | 27 | Canadian Pacific Railway |
Canada | $5,737 | $5,872 | 97.7% |
| 28 | 28 | Evergreen Marine Corp. |
Taiwan | $5,682 | $6,168 | 92.1% |
| 29 | 29 | Yellow Corp. |
USA | $4,871 | $4,871 | 100.0% |
| 30 | 32 | Yang Ming Marine Transport Corp. |
Taiwan | $4,828 | $4,828 | 100.0% |
| 31 | 31 | Hyundai Merchant Marine Co. |
South Korea | $4,729 | $4,729 | 100.0% |
| 32 | 30 | Knight-Swift Transportation |
USA | $4,408 | $4,844 | 91.0% |
| 33 | 35 | Old Dominion Freight Line |
USA | $4,109 | $4,109 | 100.0% |
| 34 | 33 | Transnet Group |
South Africa | $4,083 | $5,276 | 77.4% |
| 35 | 36 | General Logistics Systems |
Netherlands | $4,034 | $4,034 | 100.0% |
| 36 | 34 | Schneider |
USA | $3,864 | $4,747 | 81.4% |
| 37 | 37 | TFI International |
Canada | $3,691 | $3,902 | 94.6% |
| 38 | 40 | Nippon Express |
Japan | $3,604 | $19,305 | 18.7% |
| 39 | 41 | ZIM Integrated Shipping Services |
Israel | $3,300 | $3,300 | 100.0% |
| 40 | 39 | Emirates Group |
UAE | $3,051 | $24,774 | 12.3% |
| 41 | 38 | Cathay Pacific Airways |
Hong Kong | $3,039 | $13,653 | 22.3% |
| 42 | 44 | Wallenius Wilhelmsen Group |
Norway | $2,998 | $3,909 | 76.7% |
| 43 | 49 | Kansas City Southern |
USA | $2,886 | $2,886 | 100.0% |
| 44 | 43 | Toll Group |
Australia | $2,870 | $5,827 | 49.3% |
| 45 | 46 | Estes Express Lines |
USA | $2,818 | $3,254 | 86.6% |
| 46 | - | Ukrainian Railways |
Ukraine | $2,809 | $3,502 | 80.2% |
| 47 | 42 | Lufthansa Group |
Germany | $2,775 | $41,061 | 6.8% |
| 48 | 47 | Qatar Airways |
Qatar | $2,725 | $14,033 | 19.4% |
| 49 | 45 | Pacific International Lines |
Singapore | $2,639 | $3,831 | 68.9% |
| 50 | - | Kazakhstan Temir Zholy |
Kazakhstan | $2,499 | $2,974 | 84.0% |
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
Appeals Court Lets Trump 10% Tariffs Stay in Place for Now
President Trump scored a win over a group challenging the 10% global tariffs after a court said the government can enforce the levies while the fight plays out.
June 11, 2026Amazon Inks $17.5 Billion Loan in Financing Led by Citigroup
The loan comes as giant tech companies are borrowing heavily to expand the artificial intelligence infrastructure buildout.
June 10, 2026Amazon Sells C$14 Billion in Bonds, Sets Canadian Record
Amazon sold C$14 billion in high-grade bonds, the largest corporate debt offering on record in the currency, after drawing about twice that amount in demand.
June 8, 2026Oil Supertanker Orders Eclipse Record Set in 2008
There are currently 262 supertankers, each capable of hauling 2 million barrels of crude oil, on order at shipyards around the world.
June 8, 2026Asia-to-U.S. Container Rates Spike 109% Since War Started
The spot rate for a 40-foot container to the U.S. West Coast from Asia was up 20%, to $3,933.
June 8, 2026Shipping's 'Biggest Geek' to Explore Supply Chain Frontier
Container shipping analyst Lars Jensen on July 1 sets out for an 18-month trip to scope out opportunities and risks to better connect Africa’s economies to the global trading system.
June 5, 2026Walmart CEO Points to High Fuel Prices as ‘Stress Point’
CEO John Furner said that low-income consumers are experiencing greater pressure on high gas prices. “That’s really the stress point, is the price of fuel,” he said.
June 3, 2026Nearshoring Withstands Tariffs, Geopolitical Upheaval
Nearshoring has further evolved supply chains this year even as tariffs and geopolitical risks have complicated the process.
June 1, 2026Oil Companies Scramble for Ships to Secure Transport
Oil companies are rushing to secure giant tankers to ensure they can transport barrels after the industry was upended by war and the largest vessel-buying spree in a generation, DHT's CEO says.
June 1, 2026USPS Suspends Nonessential Expenses Amid Cash Shortage
The United States Postal Service is suspending discretionary spending across the organization as it faces a looming liquidity crisis.
May 28, 2026
