2022 Essential Revenue and Operating Information for the 50 Largest Global Freight Companies
Up Front
Supply chain disruptions may be easing, but freight volumes continue to stir anxiety in shippers.
Non-asset based companies join the field in this year’s Global Freight Top 50 list.
Get a continent-by-continent and country-by-country look at where the Top 50 Global Freight Companies are based.
Rankings
| Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
|---|---|---|---|---|---|---|
| 1 | 1 | UPS Inc. |
USA | $97,287 | $97,287 | 100% |
| 2 | 2 | FedEx Corp. |
USA | $92,110 | $92,110 | 100% |
| 3 | 6 | Deutsche Post DHL |
Germany | $77,050 | $101,697 | 75.8% |
| 4 | - | United States Postal Service |
USA | $77,040 | $77,040 | 100% |
| 5 | 4 | Maersk |
Denmark | $60,439 | $61,787 | 97.8% |
| 6 | 8 | CMA CGM |
France | $56,193 | $56,193 | 100% |
| 7 | 7 | Cosco Shipping Group |
China | $51,722 | $51,722 | 100% |
| 8 | - | Kuehne + Nagel International |
Switzerland | $40,147 | $40,147 | 100% |
| 9 | 17 | Deutsche Bahn Group |
Germany | $33,027 | $52,624 | 62.8% |
| 10 | 5 | Mediterranean Shipping Co. |
Switzerland | $32,399 | $32,399 | 100% |
| 11 | 3 | China State Railway Group |
China | $32,089 | $166,355 | 19.3% |
| 12 | 9 | SF Express |
China | $29,644 | $29,644 | 100% |
| 13 | - | DSV A/S (North America) |
Denmark | $28,983 | $28,983 | 100% |
| 14 | 10 | Russian Railways |
Russia | $27,536 | $33,073 | 83.3% |
| 15 | 14 | Hapag-Lloyd |
Germany | $26,339 | $26,339 | 100% |
| 16 | 11 | BNSF Railway |
USA | $23,282 | $23,282 | 100% |
| 17 | - | C.H. Robinson |
USA | $22,047 | $23,102 | 95.4% |
| 18 | 12 | Union Pacific Railroad |
USA | $21,804 | $21,804 | 100% |
| 19 | - | Sinotrans |
China | $19,273 | $19,273 | 100% |
| 20 | 16 | GeoPost/DPDgroup |
France | $17,262 | $17,262 | 100% |
| 21 | 26 | Evergreen Marine Corp. |
Taiwan | $17,031 | $17,522 | 97.2% |
| 22 | - | Expeditors International |
USA | $16,524 | $16,524 | 100% |
| 23 | 13 | Indian Railways |
India | $15,229 | $17,235 | 88.4% |
| 24 | 22 | NYK Group |
Japan | $13,862 | $15,192 | 91.2% |
| 25 | - | SNCF Group |
France | $12,896 | $41,094 | 31.4% |
| 26 | 24 | XPO |
USA | $12,806 | $12,806 | 100% |
| 27 | 18 | CSX Corp. |
USA | $12,522 | $12,522 | 100% |
| 28 | 25 | J.B. Hunt Transport Services |
USA | $12,168 | $12,168 | 100% |
| 29 | 29 | HMM Co. |
South Korea | $12,048 | $12,048 | 100% |
| 30 | 21 | SG Holdings |
Japan | $11,616 | $11,948 | 97.2% |
| 31 | 19 | Canadian National Railway |
Canada | $11,547 | $11,547 | 100% |
| 32 | 20 | Norfolk Southern |
USA | $11,142 | $11,142 | 100% |
| 33 | 37 | ZIM Integrated Shipping Services |
Israel | $10,729 | $10,729 | 100% |
| 34 | 23 | Mitsui O.S.K. Lines |
Japan | $10,655 | $11,159 | 95.5% |
| 35 | - | Kerry Logistics |
Hong Kong | $10,520 | $10,520 | 100% |
| 36 | 15 | Yamato Holdings |
Japan | $9,926 | $14,927 | 66.5% |
| 37 | - | CJ Logistics |
South Korea | $9,908 | $9,908 | 100% |
| 38 | - | Dachser Group |
Germany | $9,744 | $9,744 | 100% |
| 39 | 33 | Yang Ming Marine Transport Co. |
Taiwan | $8,762 | $8,762 | 100% |
| 40 | - | Bolloré Logistics |
France | $8,648 | $11,615 | 74.5% |
| 41 | 48 | Wan Hai Lines |
Taiwan | $8,163 | $8,163 | 100% |
| 42 | 40 | TFI International |
Canada | $7,220 | $7,220 | 100% |
| 43 | - | Kintetsu World Express |
Japan | $7,105 | $7,105 | 100% |
| 44 | 27 | Kawasaki Kisen Kaisha Ltd. (K Line) |
Japan | $6,893 | $6,893 | 100% |
| 45 | - | Landstar System |
USA | $6,538 | $6,538 | 100% |
| 46 | 31 | Qatar Airways |
Qatar | $6,329 | $14,370 | 44% |
| 47 | 35 | Knight-Swift Transportation |
USA | $5,998 | $5,998 | 100% |
| 48 | 32 | Emirates Group |
United Arab Emirates | $5,895 | $15,867 | 37.2% |
| 49 | 42 | Schneider |
USA | $5,609 | $5,609 | 100% |
| 50 | 36 | Old Dominion Freight Line |
USA | $5,256 | $5,256 | 100% |
Top 50 Global Freight Companies
Revenue from acquired companies only included for period after close of acquisition. All revenue figures have been converted to U.S. dollars based on the average exchange rate in the appropriate calendar year.
Sources: Company reports and SJ Consulting Group Inc. estimates
To be included in the Top 50 list, please send contact information to tteditor@ttnews.com. We will contact you via phone or e-mail to get information about your company prior to publication of the next Top 50 list.

Extras
Last year saw air- and sea-freight volumes bounce back from supply chain struggles.
If your company appears in the 2022 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 Companies publication.
Global Freight News
TFI Highlights Strong Cash Flow While Posting Lower Revenue
TFI International saw earnings and revenue decline as 2025 drew to a close, but CEO Alain Bédard noted LTL segment operating ratio improvement and strong cash flow for the carrier.
February 18, 2026Sinokor Snaps Up Supertankers in Crude Oil Market Shakeup
Sinokor’s aggressive buying has spooked the market, traders say, in turn dramatically driving up the cost of freight as nervous charterers rush to book space in case prices rise further in the future due to the concentrated ownership.
February 17, 2026Hapag-Lloyd to Buy Competitor Zim in $4.2 Billion Deal
Hapag-Lloyd is buying Israel’s Zim Integrated Shipping Services as the German shipping company aims to grow in size and bolster its presence in Asia.
February 17, 2026Supply Chain AI Takes Spotlight at Manifest 2026
The embrace of technology was clear at Manifest 2026, where speakers and exhibitors presented ways the transportation sector can become smarter and faster by implementing AI and robotics.
February 12, 2026CK Hutchison Warns Maersk of Legal Action Over Panama Ports
The warning came after Panama authorities invalidated CK Hutchison’s contract to operate the Balboa and Cristobal ports, seeking Maersk’s APM Terminals to run them in a transition phase.
February 12, 2026Transportation Stocks Rally on AI Backlash, Big Tech Pivot
The gauge — which contains industry stalwarts such as CSX, FedEx and Old Dominion Freight Line — has been catapulted higher by strong data and a pivot away from the big tech winners of the last few years.
February 12, 2026FedEx Leads Investors for $9.3 Billion InPost Buyout
Investors led by buyout firm Advent International and FedEx are seeking to buy Polish parcel-locker company InPost in a deal that values the business at $9.3 billion.
February 9, 2026Amazon Delivers Strong Q4 Sales but Misses on Earnings
Amazon reported fourth-quarter earnings slightly below Wall Street estimates even as sales surged and it reported the fastest growth in its prominent cloud computing business in 13 quarters.
February 5, 2026Companies Announce Most Job Cuts for Any January Since 2009
The report on Feb. 5 also showed hiring intentions slid 13% from a year earlier to 5,306 — marking the weakest total for any January in the firm’s records back to 2009.
February 5, 2026Maersk to Cut 1,000 Jobs, Reports Drop in Earnings
Maersk plans to cut 1,000 jobs and focus on cost discipline this year as the container giant seeks to insulate its earnings against deteriorating freight rates with Red Sea routes reopening.
February 5, 2026
