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
46 - Ukrainian Railways Ukraine $2,809 $3,502 80.2%
50 - Kazakhstan Temir Zholy Kazakhstan $2,499 $2,974 84.0%
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%
6 5 Russian Railways Russia $26,267 $38,618 68.0%
7 6 Deutsche Post DHL Group Germany $24,265 $70,940 34.2%
5 7 CMA CGM Group France $30,254 $30,254 100.0%
8 8 Mediterranean Shipping Co. Switzerland $24,002 $24,002 100.0%
11 9 Union Pacific Corp. USA $21,708 $21,708 100.0%
9 10 BNSF Railway USA $22,328 $23,515 95.0%
12 11 Indian Railways India $19,036 $26,991 70.5%
10 12 COSCO Shipping Group China $21,787 $21,787 100.0%
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%
16 16 Yamato Holdings Japan $12,517 $14,911 83.9%
17 17 CSX Corp. USA $11,937 $11,937 100.0%
20 18 NYK Group Japan $10,210 $16,262 62.8%
18 19 Norfolk Southern Corp. USA $11,296 $11,296 100.0%
19 20 Canadian National Railway Canada $10,953 $11,241 97.4%
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%
26 24 Kawasaki Kisen Kaisha Ltd. (K Line) Japan $7,022 $7,022 100.0%
24 25 XPO USA $7,864 $16,648 47.2%
25 26 J.B. Hunt Transport Services USA $7,829 $9,165 85.4%
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%
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%
34 33 Transnet Group South Africa $4,083 $5,276 77.4%
36 34 Schneider USA $3,864 $4,747 81.4%
33 35 Old Dominion Freight Line USA $4,109 $4,109 100.0%
35 36 General Logistics Systems Netherlands $4,034 $4,034 100.0%
37 37 TFI International Canada $3,691 $3,902 94.6%
41 38 Cathay Pacific Airways Hong Kong $3,039 $13,653 22.3%
40 39 Emirates Group UAE $3,051 $24,774 12.3%
38 40 Nippon Express Japan $3,604 $19,305 18.7%
39 41 ZIM Integrated Shipping Services Israel $3,300 $3,300 100.0%
47 42 Lufthansa Group Germany $2,775 $41,061 6.8%
44 43 Toll Group Australia $2,870 $5,827 49.3%
42 44 Wallenius Wilhelmsen Group Norway $2,998 $3,909 76.7%
49 45 Pacific International Lines Singapore $2,639 $3,831 68.9%
45 46 Estes Express Lines USA $2,818 $3,254 86.6%
48 47 Qatar Airways Qatar $2,725 $14,033 19.4%
43 49 Kansas City Southern USA $2,886 $2,886 100.0%
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

Port of Baltimore Welcomes Biggest Containership Ever

On Aug. 19, the largest containership to ever visit Maryland sailed into the Port of Baltimore.

Dan Ronan | Senior Reporter
August 21, 2023
Government, Business, Logistics, Global Freight, TCA

East and West Coast Ports Spar Over Who's No. 1

It came as a surprise at the ports of Los Angeles and Long Beach  when the ports of New York-New Jersey said their complex was the busiest cargo container handler in America.

Ronald D. White | Los Angeles Times
August 15, 2023
Business, Logistics, Global Freight

Global Ocean Shipping Costs Creep Higher

Spot rates for shipping containers jumped by the most in more than two years, a sign that a 16-month slump in ocean freight costs that helped ease the sting of goods inflation is over.

Brendan Murray | Bloomberg News
August 3, 2023
Business, Technology, Logistics, Global Freight

DHL Plans Expansion in Latin America

Five Latin American nations could share $556 million by 2028 as contract logistics provider DHL Supply Chain plans to expand its regional fulfillment network.

Dan Ronan | Senior Reporter
July 14, 2023
Global Freight

IMO Countries Agree to Net-Zero Shipping Emissions by 2050

Maritime nations agreed July 7 to slash emissions from the shipping industry to net zero by about 2050 in a deal that several experts and nations say falls short of what’s needed.

Sibi Arasu | Associated Press
July 7, 2023
Business, Global Freight

CSX and CPKC Will Connect to Increase Traffic in Southeast

CSX and CPKC railroads announced a deal June 28 that will allow them to beef up a little-used connection between their two networks in the southeastern United States to handle more freight.

Josh Funk | Associated Press
June 29, 2023
Government, Business, Technology, Equipment, Private, Global Freight

Pepsi Leads Calls for EU to Roll Out Green Trucks Faster

Companies including PepsiCo Inc. and Nike Inc. are calling for the European Union to implement stricter emissions targets for trucks, which the firms say will lower costs in the long run.

John Ainger | Bloomberg News
June 26, 2023
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
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