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
FedEx, Pilots Set Tentative Contract After 5 Years of Talks
FedEx pilots reached a tentative labor agreement with the parcel company, marking a significant step toward resolving nearly five years of negotiations.
April 8, 2026War Risk Rates Dip as Shipowners Eye Hormuz Passage
Shipowners are placing “huge volume requests” for insurance cover as they look to transit the Strait of Hormuz following the U.S.-Iran ceasefire deal.
April 8, 2026Strait of Hormuz Stays Blocked for Now
While shipowners and insurers lined up to welcome the ceasefire, they also warned that more details will be needed to determine if safe transit is possible.
April 8, 2026FedEx Freight Unit Projects 10% Profit Growth After Spinoff
FedEx has said it’s separating the freight and parcel operations to better focus on each business.
April 8, 2026Maersk Faces Arbitration Over Panama Port Takeover
A unit of Hong Kong’s CK Hutchison said that Maersk had undermined a contract over operations of ports at either end of the Panama Canal.
April 8, 2026Amazon Adds 3.5% Surcharge as War Drives Up Fuel Prices
Amazon’s fuel and logistics-related surcharge will apply to U.S. and Canadian sellers using its Fulfillment by Amazon option, effective April 17.
April 3, 2026USPS Plans First Fuel Surcharge as Oil Prices Spike
USPS will impose a surcharge to offset rising fuel costs, sources said, a sign that the beleaguered mail carrier is feeling the strain of higher oil prices.
March 25, 2026Amazon Buys Fauna Robotics in Push Toward Consumer Humanoids
Amazon.com acquired New York-based startup Fauna Robotics, becoming the latest technology giant to step into the burgeoning consumer humanoid market.
March 25, 2026Cosco Shipping Warns of Uncertainties as Iran War Escalates
Ongoing tensions in the Middle East are amplifying volatility in global supply chains, Cosco said.
March 19, 2026MSC Buys Stake in South Korean Tanker Giant Sinokor
Sinokor has been snapping up very large crude carriers, giving it unprecedented control over a big share of the global fleet.
March 19, 2026
