2020 Essential Revenue and Operating Information for the 50 Largest Global Freight Carriers
Up Front
Freight carriers across the world experienced dramatic market shifts and volume swings in 2020.
The new trade deal between U.S., Mexico and Canada provides market certainty for North American trade.
The world’s largest freight carriers have navigated unprecedented circumstances due to the coronavirus pandemic.
Rankings
Rank This Year Rank Last Year Company Headquarters Freight Revenue (Millions) Total Revenue (Millions) Freight Revenue Share
50 - Kazakhstan Temir Zholy Kazakhstan $2,499 $2,974 84.0%
49 45 Pacific International Lines Singapore $2,639 $3,831 68.9%
48 47 Qatar Airways Qatar $2,725 $14,033 19.4%
47 42 Lufthansa Group Germany $2,775 $41,061 6.8%
46 - Ukrainian Railways Ukraine $2,809 $3,502 80.2%
45 46 Estes Express Lines USA $2,818 $3,254 86.6%
44 43 Toll Group Australia $2,870 $5,827 49.3%
43 49 Kansas City Southern USA $2,886 $2,886 100.0%
42 44 Wallenius Wilhelmsen Group Norway $2,998 $3,909 76.7%
41 38 Cathay Pacific Airways Hong Kong $3,039 $13,653 22.3%
40 39 Emirates Group UAE $3,051 $24,774 12.3%
39 41 ZIM Integrated Shipping Services Israel $3,300 $3,300 100.0%
38 40 Nippon Express Japan $3,604 $19,305 18.7%
37 37 TFI International Canada $3,691 $3,902 94.6%
36 34 Schneider USA $3,864 $4,747 81.4%
35 36 General Logistics Systems Netherlands $4,034 $4,034 100.0%
34 33 Transnet Group South Africa $4,083 $5,276 77.4%
33 35 Old Dominion Freight Line USA $4,109 $4,109 100.0%
32 30 Knight-Swift Transportation USA $4,408 $4,844 91.0%
31 31 Hyundai Merchant Marine Co. South Korea $4,729 $4,729 100.0%
30 32 Yang Ming Marine Transport Corp. Taiwan $4,828 $4,828 100.0%
29 29 Yellow Corp. USA $4,871 $4,871 100.0%
28 28 Evergreen Marine Corp. Taiwan $5,682 $6,168 92.1%
27 27 Canadian Pacific Railway Canada $5,737 $5,872 97.7%
26 24 Kawasaki Kisen Kaisha Ltd. (K Line) Japan $7,022 $7,022 100.0%
25 26 J.B. Hunt Transport Services USA $7,829 $9,165 85.4%
24 25 XPO USA $7,864 $16,648 47.2%
23 23 GeoPost Group France $8,600 $8,600 100.0%
22 22 SG Holdings Japan $9,036 $10,683 84.6%
21 21 Mitsui O.S.K Lines Japan $9,696 $10,633 91.2%
20 18 NYK Group Japan $10,210 $16,262 62.8%
19 20 Canadian National Railway Canada $10,953 $11,241 97.4%
18 19 Norfolk Southern Corp. USA $11,296 $11,296 100.0%
17 17 CSX Corp. USA $11,937 $11,937 100.0%
16 16 Yamato Holdings Japan $12,517 $14,911 83.9%
15 13 Deutsche Bahn AG Germany $12,963 $49,761 26.0%
14 14 Hapag-Lloyd AG Germany $14,121 $14,121 100.0%
13 15 SF Express China $16,050 $16,050 100.0%
12 11 Indian Railways India $19,036 $26,991 70.5%
11 9 Union Pacific Corp. USA $21,708 $21,708 100.0%
10 12 COSCO Shipping Group China $21,787 $21,787 100.0%
9 10 BNSF Railway USA $22,328 $23,515 95.0%
8 8 Mediterranean Shipping Co. Switzerland $24,002 $24,002 100.0%
7 6 Deutsche Post DHL Group Germany $24,265 $70,940 34.2%
6 5 Russian Railways Russia $26,267 $38,618 68.0%
5 7 CMA CGM Group France $30,254 $30,254 100.0%
4 4 Maersk Denmark $34,839 $38,890 89.6%
3 3 China Railway Corp. China $44,468 $163,536 27.2%
2 2 UPS Inc. USA $63,978 $74,094 86.3%
1 1 FedEx Corp. USA $64,690 $69,189 93.5%
Extras
Seaports have experienced huge volume swings in 2020.
If your company appears in the 2020 list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.
North America’s busiest cargo airports.
Learn more about Transport Topics’ Top 50 Global Freight Carriers publication.
Find out where the Top 50 Global Freight Carriers are based.
FedEx and UPS face their biggest test yet amid e-commerce growth and early holiday shopping.
Global Freight News
Business, Equipment, Logistics, Global Freight

California’s Port Dominance Is Slipping as Cargo Shifts East

The pandemic’s cargo crush pushed the Los Angeles and Long Beach complex close to the breaking point, allowing ports from New York-New Jersey to Houston to grow their market share.

Laura Curtis | Bloomberg News
May 8, 2023
Government, Business, Logistics, Global Freight

Engineers Frustrated With Railroad Sick Time Policies

OMAHA, Neb. — Tens of thousands of engineers remain frustrated with the lack of paid sick time and the demands railroads like BNSF are making in negotiations.

Josh Funk | Associated Press
May 8, 2023
Business, Logistics, Global Freight

Maersk Profits Slip in Q1, Forecasts Weak 2023

A.P. Moller-Maersk A/S, a bellwether for global trade, signaled weaker results for the rest of 2023 after reporting first-quarter operating profit that tumbled by more than half.

Christian Wienberg | Bloomberg News
May 4, 2023
Business, Technology, Equipment, Fuel, Logistics, Global Freight

DHL Plans Third Air Cargo Hub in California

Greg Hewitt, CEO of DHL Express U.S., says company leadership is doubling down on its GoGreen Plus program, with a goal of being a net-zero emissions company by 2050.

Dan Ronan | Senior Reporter
May 1, 2023
Business, Technology, Equipment, Logistics, For-Hire, Global Freight

FedEx Freight Plans Closure of 29 Locations

FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.

Connor D. Wolf | Staff Reporter
May 1, 2023
Business, Logistics, Global Freight

Nippon Express in Talks to Buy Logistics Firm Cargo-Partner

Nippon Express Holdings Inc. is in talks to buy Austrian logistics provider Cargo-Partner GmbH, people with knowledge of the matter said.

April 18, 2023
Business, Technology, Equipment, Safety, Logistics, Global Freight

CMA CGM Offers to Buy Bolloré Logistics for $5.5 Billion

Maritime transport giant CMA CGM SA has entered exclusive talks to buy Bolloré SE’s logistics arm for an enterprise value of 5 billion euros ($5.5 billion).

Tara Patel | Bloomberg News
April 18, 2023
Business, Logistics, For-Hire, Global Freight

FedEx Boosts Profit Forecast, Cites Cost Cuts as Effective

FedEx Corp.’s shares jumped the most in nine months after the courier boosted its profit outlook, signaling efforts to cut costs are helping counter a decline in package volume.

Thomas Black | Bloomberg News
March 17, 2023
Government, Business, Logistics, Global Freight

Global Supply Chains Back to Normal, N.Y. Fed Says

Global supply chains have returned to normal, the Federal Reserve Bank of New York said, almost three years after COVID-19 was declared a pandemic.

Brendan Murray | Bloomberg News
March 6, 2023
Business, Logistics, Global Freight

French Shipping Giant CMA CGM Warns Demand Is Falling

French shipping giant CMA CGM SA warned of a steep drop in demand so far this year, extending a slump that led to a more than halving of quarterly profit.

Tara Patel | Bloomberg News
March 6, 2023
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