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
44 43 Toll Group Australia $2,870 $5,827 49.3%
37 37 TFI International Canada $3,691 $3,902 94.6%
19 20 Canadian National Railway Canada $10,953 $11,241 97.4%
27 27 Canadian Pacific Railway Canada $5,737 $5,872 97.7%
3 3 China Railway Corp. China $44,468 $163,536 27.2%
10 12 COSCO Shipping Group China $21,787 $21,787 100.0%
13 15 SF Express China $16,050 $16,050 100.0%
4 4 Maersk Denmark $34,839 $38,890 89.6%
5 7 CMA CGM Group France $30,254 $30,254 100.0%
23 23 GeoPost Group France $8,600 $8,600 100.0%
7 6 Deutsche Post DHL Group Germany $24,265 $70,940 34.2%
14 14 Hapag-Lloyd AG Germany $14,121 $14,121 100.0%
15 13 Deutsche Bahn AG Germany $12,963 $49,761 26.0%
47 42 Lufthansa Group Germany $2,775 $41,061 6.8%
41 38 Cathay Pacific Airways Hong Kong $3,039 $13,653 22.3%
12 11 Indian Railways India $19,036 $26,991 70.5%
39 41 ZIM Integrated Shipping Services Israel $3,300 $3,300 100.0%
38 40 Nippon Express Japan $3,604 $19,305 18.7%
16 16 Yamato Holdings Japan $12,517 $14,911 83.9%
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%
26 24 Kawasaki Kisen Kaisha Ltd. (K Line) Japan $7,022 $7,022 100.0%
50 - Kazakhstan Temir Zholy Kazakhstan $2,499 $2,974 84.0%
35 36 General Logistics Systems Netherlands $4,034 $4,034 100.0%
42 44 Wallenius Wilhelmsen Group Norway $2,998 $3,909 76.7%
48 47 Qatar Airways Qatar $2,725 $14,033 19.4%
6 5 Russian Railways Russia $26,267 $38,618 68.0%
49 45 Pacific International Lines Singapore $2,639 $3,831 68.9%
34 33 Transnet Group South Africa $4,083 $5,276 77.4%
31 31 Hyundai Merchant Marine Co. South Korea $4,729 $4,729 100.0%
8 8 Mediterranean Shipping Co. Switzerland $24,002 $24,002 100.0%
28 28 Evergreen Marine Corp. Taiwan $5,682 $6,168 92.1%
30 32 Yang Ming Marine Transport Corp. Taiwan $4,828 $4,828 100.0%
40 39 Emirates Group UAE $3,051 $24,774 12.3%
46 - Ukrainian Railways Ukraine $2,809 $3,502 80.2%
32 30 Knight-Swift Transportation USA $4,408 $4,844 91.0%
1 1 FedEx Corp. USA $64,690 $69,189 93.5%
33 35 Old Dominion Freight Line USA $4,109 $4,109 100.0%
2 2 UPS Inc. USA $63,978 $74,094 86.3%
36 34 Schneider USA $3,864 $4,747 81.4%
9 10 BNSF Railway USA $22,328 $23,515 95.0%
11 9 Union Pacific Corp. USA $21,708 $21,708 100.0%
43 49 Kansas City Southern USA $2,886 $2,886 100.0%
45 46 Estes Express Lines USA $2,818 $3,254 86.6%
17 17 CSX Corp. USA $11,937 $11,937 100.0%
18 19 Norfolk Southern Corp. USA $11,296 $11,296 100.0%
24 25 XPO USA $7,864 $16,648 47.2%
25 26 J.B. Hunt Transport Services USA $7,829 $9,165 85.4%
29 29 Yellow Corp. USA $4,871 $4,871 100.0%
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, Logistics, Global Freight, TCA

Germany’s Deutsche Post DHL Group Changes Name to DHL Group

BONN, Germany — German multinational package delivery and logistics company Deutsche Post DHL Group said June 19 that it is changing its name to DHL Group as of the beginning of July.

dpa | Hamburg, Germany
June 20, 2023
Business, Logistics, Global Freight, TCA

Global Shipping Company ZIM Relocates US Headquarters

ZIM American Integrated Shipping Services, a global container shipping company, is set to relocate its U.S. headquarters from Norfolk, Va., to Virginia Beach.

Gabby Jimenez | The Virginian-Pilot
June 20, 2023
Government, Business, Logistics, Global Freight, TCA

Chicago Suburbs Appeal Federal Approval of CPKC Rail Merger

A group of suburban Chicago communities is appealing the federal approval of the Canadian Pacific-Kansas City Southern merger that is expected to bring more freight trains to the area.

Sarah Freishtat | Chicago Tribune
May 12, 2023
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
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