2025 Essential Revenue and Operating Information for the 50 Largest Global Freight Companies
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.

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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 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, 2026Old Dominion Posts Lower Q4 Results While Investing in Growth
Old Dominion Freight Line doubled down on improving operations and services after reporting a drop in revenue for the fourth quarter of 2025.
February 4, 2026CK Hutchison Seeks Damages Via Arbitration on Panama Ports
The Hong Kong-based conglomerate said in a separate stock exchange filing that it will “vigorously pursue” the case under the rules of the International Chamber of Commerce.
February 4, 2026Shipping Firms Face Tough 2026 as Reopening of Red Sea Looms
Supply continues to expand at a record pace, with a projected 36% surge in new vessel capacity from 2023 to 2027. On the flip side, demand for container shipping is expected to contract 1.1% in 2026.
February 4, 2026Schneider Expresses Renewed Determination After Q4 Results
Schneider responded to a disappointing fourth quarter with renewed resolve to improve operations and prepare for an expected freight upturn, the company reported Jan. 29.
January 30, 2026Trump Policies Pinch Profits of Transport, Industrial Firms
Earnings reports from some large U.S. manufacturers and transportation companies drove home how President Trump’s policies on trade and energy are putting a squeeze on the sector’s profits.
January 30, 2026AI, Cost Discipline Lift C.H. Robinson in Tough Q4
C.H. Robinson Worldwide used cost discipline and leveraged technology like artificial intelligence to gain market share despite fourth-quarter obstacles.
January 29, 2026Amazon Cuts 16,000 Corporate Jobs in Latest Round of Layoffs
Amazon has said it plans to use generative artificial intelligence to replace corporate workers. It has also been reducing a workforce that swelled during the pandemic.
January 28, 2026
