Up Front
The world’s largest transportation and logistics providers are operating in a highly volatile business environment.
Shippers await clarity on tariffs and trade policies before reconfiguring international supply chains.
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 | Amazon.com Inc. |
USA | $156,146 | $637,959 | 24.5% |
| 2 | 3 | UPS Inc. |
USA | $91,070 | $91,070 | 100% |
| 3 | 2 | FedEx Corp. |
USA | $87,393 | $87,393 | 100% |
| 4 | 4 | United States Postal Service |
USA | $79,537 | $79,537 | 100% |
| 5 | 5 | DHL Group |
Germany | $67,594 | $91,110 | 74.2% |
| 6 | 7 | CMA CGM |
France | $55,480 | $55,480 | 100% |
| 7 | 6 | Maersk |
Denmark | $52,308 | $55,482 | 94.3% |
| 8 | 11 | SF Express |
China | $39,563 | $39,563 | 100% |
| 9 | 8 | Mediterranean Shipping Co. |
Switzerland | $38,371 | $38,371 | 100% |
| 10 | 9 | China State Railway Group |
China | $33,477 | $166,552 | 20.1% |
| 11 | 13 | Cosco Shipping Group |
China | $32,532 | $32,532 | 100% |
| 12 | 10 | Kuehne + Nagel International |
Switzerland | $31,060 | $31,060 | 100% |
| 13 | 17 | Indian Railways |
India | $26,873 | $49,399 | 54.4% |
| 14 | 14 | Union Pacific Railroad |
USA | $24,250 | $24,250 | 100% |
| 15 | 16 | DSV A/S |
Denmark | $24,232 | $24,232 | 100% |
| 16 | 15 | BNSF Railway |
USA | $23,437 | $23,437 | 100% |
| 17 | 18 | Hapag-Lloyd |
Germany | $20,677 | $20,677 | 100% |
| 18 | 19 | Geopost |
France | $17,135 | $17,135 | 100% |
| 19 | 28 | Canadian National Railway |
Canada | $17,046 | $17,046 | 100% |
| 20 | 21 | Nippon Express |
Japan | $17,030 | $17,030 | 100% |
| 21 | 20 | C.H. Robinson |
USA | $16,354 | $17,725 | 92.3% |
| 22 | 24 | Sinotrans |
China | $14,832 | $14,832 | 100% |
| 23 | 22 | CSX Corp. |
USA | $14,540 | $14,540 | 100% |
| 24 | 23 | Ocean Network Express |
Japan | $14,536 | $14,536 | 100% |
| 25 | 34 | Evergreen Marine Corp. |
Taiwan | $14,434 | $15,083 | 95.7% |
| 26 | 29 | Norfolk Southern |
USA | $12,123 | $12,123 | 100% |
| 27 | 26 | J.B. Hunt Transport Services |
USA | $12,087 | $12,087 | 100% |
| 28 | 27 | SNCF Group |
France | $12,018 | $46,920 | 25.6% |
| 29 | 31 | Expeditors International |
USA | $10,601 | $10,601 | 100% |
| 30 | 32 | Canadian Pacific Kansas City |
Canada | $10,553 | $10,772 | 98% |
| 31 | 25 | Yamato Holdings |
Japan | $10,231 | $11,613 | 88.1% |
| 32 | - | Walmart Inc. |
USA | $9,497 | $680,985 | 1.4% |
| 33 | 37 | Rhenus Group |
Germany | $9,304 | $9,887 | 94.1% |
| 34 | 33 | CJ Logistics |
South Korea | $8,882 | $8,882 | 100% |
| 35 | 36 | Dachser Group |
Germany | $8,655 | $8,655 | 100% |
| 36 | 42 | HMM Co. |
South Korea | $8,577 | $8,577 | 100% |
| 37 | 49 | ZIM Integrated Shipping Services |
Israel | $8,427 | $8,427 | 100% |
| 38 | 30 | SG Holdings |
Japan | $8,247 | $8,699 | 94.8% |
| 39 | 35 | XPO |
USA | $8,072 | $8,072 | 100% |
| 40 | 41 | Ryder System |
USA | $7,746 | $12,636 | 61.3% |
| 41 | 44 | KLN Logistics Group |
Hong Kong | $7,468 | $7,468 | 100% |
| 42 | 39 | Knight-Swift Transportation |
USA | $7,410 | $7,410 | 100% |
| 43 | 43 | TFI International |
Canada | $7,305 | $7,305 | 100% |
| 44 | 38 | Kintetsu World Express |
Japan | $7,005 | $7,005 | 100% |
| 45 | - | Yang Ming Marine Transport |
Taiwan | $6,940 | $6,940 | 100% |
| 46 | 40 | GLS Group |
The Netherlands | $6,059 | $6,059 | 100% |
| 47 | 48 | Landstar System |
USA | $5,819 | $5,819 | 100% |
| 47 | 50 | Estes Express Lines |
USA | $5,864 | $5,864 | 100% |
| 48 | 45 | Old Dominion Freight Line |
USA | $5,815 | $5,815 | 100% |
| 49 | 12 | Deutsche Bahn Group |
Germany | $5,471 | $28,358 | 19.3% |
| 50 | 47 | Schneider |
USA | $5,291 | $5,291 | 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.
* No. 47 Estes Express Lines was added to the list after initial publication due to revised data.
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
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2024 brought increased volumes to the largest container ports in North America, while cargo airports saw mixed results.
Learn more about Transport Topics’ Top 50 Global Freight Companies publication.
Global Freight News
Amazon to Buy Satellite Operator Globalstar
Amazon is building out its low-earth-orbit satellite network, Amazon Leo, in a bid to compete with Elon Musk’s SpaceX.
April 14, 2026FedEx CFO John Dietrich to Depart After Freight Spinoff
FedEx Chief Financial Officer John Dietrich will step down after the courier completes a planned spinoff of its freight division into a stand-alone company.
April 13, 2026EV Truck Startup Slate, Backed by Bezos, Raises $650 Million
Slate wants to tap consumer demand for more affordable vehicles with a stripped-down, two-seater pickup that can go 150 or 240 miles on a single charge.
April 13, 2026Billionaire Aponte Passes on Shipping Giant MSC to Heirs
Gianluigi Aponte, 85, made the transfer of the closely held company to son Diego and daughter Alexa in the last quarter of 2025, according to a statement.
April 13, 2026FedEx, Pilots Set Tentative Contract After 5 Years of Talks
FedEx pilots reached a tentative labor agreement with the parcel company, marking a significant step toward resolving nearly five years of negotiations.
April 8, 2026War Risk Rates Dip as Shipowners Eye Hormuz Passage
Shipowners are placing “huge volume requests” for insurance cover as they look to transit the Strait of Hormuz following the U.S.-Iran ceasefire deal.
April 8, 2026Strait of Hormuz Stays Blocked for Now
While shipowners and insurers lined up to welcome the ceasefire, they also warned that more details will be needed to determine if safe transit is possible.
April 8, 2026FedEx Freight Unit Projects 10% Profit Growth After Spinoff
FedEx has said it’s separating the freight and parcel operations to better focus on each business.
April 8, 2026Maersk Faces Arbitration Over Panama Port Takeover
A unit of Hong Kong’s CK Hutchison said that Maersk had undermined a contract over operations of ports at either end of the Panama Canal.
April 8, 2026Amazon Adds 3.5% Surcharge as War Drives Up Fuel Prices
Amazon’s fuel and logistics-related surcharge will apply to U.S. and Canadian sellers using its Fulfillment by Amazon option, effective April 17.
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