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

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

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

Global Freight News
Government, Business, Logistics, Global Freight, TCA

Hapag-Lloyd Warns of Further Earnings Decline in 2024

Following a slump in profits in 2023, German container shipping company Hapag-Lloyd expects earnings to decline again in 2024.

dpa | Hamburg, Germany
March 14, 2024
Government, Business, Safety, Fuel, Global Freight

Houthi Missile Damages MSC Containership in Gulf of Aden

Houthi militants attacked and damaged a Swiss-owned container vessel on March 4 in the Gulf of Aden, as the Iran-backed group continues to roil shipping in the region.

March 5, 2024
Government, Business, Logistics, Global Freight

Norfolk Southern Urges Shareholders to Reject Takeover Plan

OMAHA, Neb. — Norfolk Southern wants its shareholders to back its current management team and strategy and reject a bid from a group of investors seeking to take control of the railroad.

Josh Funk | Associated Press
February 27, 2024
Government, Business, Logistics, Global Freight, TCA

Port of Baltimore Hit Cargo Record Last Year

The Port of Baltimore hit records for handling cargo last year, state officials said, showing a rebound from global supply chain difficulties and disruptions during the pandemic.

Lorraine Mirabella | The Baltimore Sun
February 26, 2024
Business, Technology, Autonomous, Private, Global Freight

Investors Flee Tumbling EV Upstarts

Investors have all but thrown in the towel on shares of EV startups Rivian Automotive and Lucid Group. 

Esha Day | Bloomberg News
February 26, 2024
Business, Logistics, Global Freight, TCA

Southwest Airlines Ground Workers Reach Deal for Pay Bump

Southwest Airlines has reached a contract with its ramp, operations, provisioning and freight agents that’ll give workers an average pay increase of over 18%.

Alexandra Skores | The Dallas Morning News
February 23, 2024
Business, Logistics, Global Freight

Shipping Giant CMA CGM Posts Loss as Red Sea Conflict Rages

CMA CGM SA posted its first quarterly loss in four years as the shipping industry struggles with the conflict in the Red Sea and the specter of overcapacity.

Tara Patel | Bloomberg News
February 23, 2024
Business, Logistics, Global Freight, TCA

Port of Mobile to Build Container Facility in North Alabama

The Alabama Port Authority and CSX Transportation announced that Decatur, Ala., will be home to a new intermodal container transfer facility to connect north Alabama to the Port of Mobile.

David Gambino | The Decatur Daily, Ala.
February 8, 2024
Government, Business, Safety, Global Freight

Maersk Warns of Slowdown Once Freight Boost Fades

A.P. Moller-Maersk A/S shares plunged after the company said it expects renewed gloom in the industry this year when the current boost to freight rates from the Red Sea conflict evaporates.

February 8, 2024
Business, Technology, Logistics, Autonomous, Global Freight, TCA

Cincinnati Airport Deploys Autonomous Baggage Handling EVs

Cincinnati/Northern Kentucky International Airport is using devices known as Auto-DollyTugs, electric autonomous vehicles complete with “robotic arms,” to handle baggage and cargo.

Skip Descant | Government Technology
February 6, 2024
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