2021 Top 50 Global Freight

2021 Essential Revenue and Operating Information for the 50 Largest Global Freight Carriers

Up Front

After once-in-a-lifetime pandemic, supply chains are adjusting to new normal.
Global supply chain, so often taken for granted, becomes cause for worldwide concern.
Find out where the Top 50 Global Freight Carriers are based.

Rankings

Rank This Year Rank Last Year Company Headquarters Freight Revenue (Millions) Total Revenue (Millions) Freight Revenue Share
1 2
UPS Inc.
USA $72,593 $84,628 85.8%
2 1
FedEx Corp.
USA $70,456 $74,729 94.3%
3 3
China State Railway Group
China $46,357 $164,346 28.2%
4 4
Maersk
Denmark $35,718 $39,740 89.9%
5 8
Mediterranean Shipping Co
Switzerland $29,995 $29,995 100.0%
6 7
Deutsche Post DHL
Germany $26,779 $76,191 35.1%
7 10
Cosco Shipping Group
China $24,820 $24,820 100.0%
8 5
CMA CGM
France $24,230 $31,580 76.7%
9 13
SF Express
China $22,317 $22,317 100.0%
10 6
Russian Railways
Russia $21,649 $30,261 71.5%
11 9
BNSF Railway
USA $19,778 $20,869 94.8%
12 11
Union Pacific
USA $19,533 $19,533 100.0%
13 12
Indian Railways
India $15,740 $18,618 84.5%
14 14
Hapag-Lloyd
Germany $14,567 $14,567 100.0%
15 16
Yamato Holdings
Japan $13,523 $15,274 88.5%
16 23
GeoPost Group
France $12,460 $12,460 100.0%
17 15
Deutsche Bahn Group
Germany $12,357 $45,508 27.2%
18 17
CSX Corp.
USA $10,538 $10,538 100.0%
19 19
Canadian National
Canada $10,060 $10,307 97.6%
20 18
Norfolk Southern
USA $9,789 $9,789 100.0%
21 22
SG Holdings
Japan $9,702 $11,806 82.2%
22 20
NYK Group
Japan $9,205 $15,254 60.3%
23 21
Mitsui O.S.K Lines
Japan $8,721 $9,556 91.3%
24 24
XPO
USA $8,156 $16,252 50.2%
25 25
J.B. Hunt Transport Services
USA $8,022 $9,637 83.2%
26 28
Evergreen Marine Corp.
Taiwan $6,565 $7,029 93.4%
27 26
Kawasaki Kisen Kaisha Ltd. (K Line)
Japan $5,967 $5,967 100.0%
28 27
Canadian Pacific Railway
Canada $5,624 $5,750 97.8%
29 31
Hyundai Merchant Marine Co.
South Korea $5,438 $5,438 100.0%
30 35
General Logistics Systems (Royal Mail)
Netherlands $5,183 $5,183 100.0%
31 48
Qatar Airways
Qatar $5,071 $8,062 62.9%
32 40
Emirates Group
UAE $4,657 $8,230 56.6%
33 30
Yang Ming Marine Transport Co.
Taiwan $4,632 $5,135 90.2%
34 29
Yellow Corp.
USA $4,513 $4,513 100.0%
35 32
Knight-Swift Transportation
USA $4,177 $4,674 89.4%
36 33
Old Dominion Freight Line
USA $4,015 $4,015 100.0%
37 39
ZIM Integrated Shipping Services
Israel $3,992 $3,992 100.0%
38 -
Korean Air
South Korea $3,605 $6,280 57.4%
39 41
Cathay Pacific Airways
Hong Kong $3,596 $6,051 59.4%
40 37
TFI International
Canada $3,542 $3,782 93.6%
41 44
Toll Group (Japan Post)
Australia $3,503 $7,112 49.3%
42 36
Schneider
USA $3,457 $4,553 75.9%
43 38
Nippon Express
Japan $3,317 $18,856 17.6%
44 -
Cargolux
Luxembourg $3,171 $3,171 100.0%
45 47
Lufthansa Group
Germany $3,144 $15,498 20.3%
46 45
Estes Express
USA $3,055 $3,547 86.1%
47 34
Transnet Group
South Africa $2,995 $3,770 79.5%
48 -
Wan Hai Lines
Taiwan $2,779 $2,779 100.0%
49 -
Turkish Airlines
Turkey $2,722 $6,734 40.4%
50 43
Kansas City Southern
USA $2,633 $2,633 100.0%

Extras

Ports and airports across North America are clamoring to stay ahead of cargo backlogs and shipment load.

If your company appears in the 2021 list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.

Learn more about Transport Topics’ Top 50 Global Freight Carriers publication.

Global Freight News

GovernmentBusinessSafetyLogisticsGlobal Freight

Maersk to Return to Red Sea as Stability Improves in Region

The voyage marks another step toward normalization of global supply lines, after Yemen-based Houthis in 2023 began attacking vessels, forcing shipowners to sail south of Africa.

January 15, 2026
GovernmentBusinessSafetyLogisticsGlobal Freight

Maersk Makes Another Voyage Through Red Sea in Safety Test

The voyage marks another step toward normalization of global supply lines, after Yemen-based Houthis in 2023 began attacking vessels, forcing shipowners to sail south of Africa.

January 13, 2026
BusinessLogisticsFor-HireGlobal Freight

Current, Former Executives Buy USA Truck From DSV

DSV said in October it was working on selling USA Truck, which did not fit its vision for asset-light North American on-road operations. USA Truck CEO George Henry will continue in the role.

January 12, 2026
BusinessLogisticsPrivateGlobal FreightTop 100Top 50

Amazon Plans Walmart-Style Big Box Store Near Chicago

Amazon is planning a 229,000-square-foot store selling groceries and general merchandise in the Chicago area, a fresh attempt at physical retail that borrows from stores like Walmart and Target.

January 9, 2026
GovernmentBusinessTechnologyLogisticsFor-HireGlobal Freight

Transport Stocks Jump to Record High on Economic Optimism

U.S. transportation stocks closed at a record level Jan. 6, capping off a rebound fueled by prospects of strong economic growth this year. 

January 6, 2026
GovernmentBusinessTechnologyLogisticsFor-HireGlobal Freight

Transportation Stocks Eye Record on Economic Growth Hopes

Among the Dow Jones Transportation Average's best performers in 2025 were C.H. Robinson Worldwide, surging 56%, as investors fawned over its use of artificial intelligence to cut costs. 

January 5, 2026
BusinessEquipmentLogisticsFor-HireGlobal Freight

FedEx Posts Higher Earnings as Spinoff Plans Advance

The results hovered around expectations by investment analysts on Wall Street, which had been looking for $4.07 per share and quarterly revenue of $22.88 billion.

December 19, 2025
GovernmentBusinessLogisticsGlobal FreightTCA

Maersk, Hapag-Lloyd Reroute Ships From Baltimore

A.P. Moller-Maersk and Hapag-Lloyd have switched a major route for their Gemini joint venture to the Delaware River container terminals, effective Jan. 4.

December 19, 2025
GovernmentBusinessLogisticsFor-HirePrivateGlobal FreightTop 100Top 50

USPS to Open Last-Mile Delivery Network to More Shippers

The U.S. Postal Service said Dec. 17 it intends to open its last-mile delivery network, the most expensive part of the shipping process, to large and small shippers.

December 17, 2025
BusinessTechnologyLogisticsPrivateGlobal Freight

Amazon Names New AI Chief Amid Battle to Take on Tech Rivals

Amazon is reorganizing teams working on artificial intelligence projects, putting Peter DeSantis, a top leader from the company’s cloud division, in charge of a new unit.

December 17, 2025

Archives

  • 2024

  • 2023

  • 2022

  • 2021

  • 2020

  • 2019

  • 2018

  • 2017

  • 2016

  • 2015