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 |
|---|---|---|---|---|---|---|
| 32 | - | Walmart Inc. |
USA | $9,497 | $680,985 | 1.4% |
| 24 | 23 | Ocean Network Express |
Japan | $14,536 | $14,536 | 100% |
| 26 | 29 | Norfolk Southern |
USA | $12,123 | $12,123 | 100% |
| 27 | 26 | J.B. Hunt Transport Services |
USA | $12,087 | $12,087 | 100% |
| 29 | 31 | Expeditors International |
USA | $10,601 | $10,601 | 100% |
| 34 | 33 | CJ Logistics |
South Korea | $8,882 | $8,882 | 100% |
| 2 | 3 | UPS Inc. |
USA | $91,070 | $91,070 | 100% |
| 35 | 36 | Dachser Group |
Germany | $8,655 | $8,655 | 100% |
| 3 | 2 | FedEx Corp. |
USA | $87,393 | $87,393 | 100% |
| 36 | 42 | HMM Co. |
South Korea | $8,577 | $8,577 | 100% |
| 4 | 4 | United States Postal Service |
USA | $79,537 | $79,537 | 100% |
| 37 | 49 | ZIM Integrated Shipping Services |
Israel | $8,427 | $8,427 | 100% |
| 6 | 7 | CMA CGM |
France | $55,480 | $55,480 | 100% |
| 39 | 35 | XPO |
USA | $8,072 | $8,072 | 100% |
| 8 | 11 | SF Express |
China | $39,563 | $39,563 | 100% |
| 41 | 44 | KLN Logistics Group |
Hong Kong | $7,468 | $7,468 | 100% |
| 9 | 8 | Mediterranean Shipping Co. |
Switzerland | $38,371 | $38,371 | 100% |
| 42 | 39 | Knight-Swift Transportation |
USA | $7,410 | $7,410 | 100% |
| 43 | 43 | TFI International |
Canada | $7,305 | $7,305 | 100% |
| 11 | 13 | Cosco Shipping Group |
China | $32,532 | $32,532 | 100% |
| 44 | 38 | Kintetsu World Express |
Japan | $7,005 | $7,005 | 100% |
| 12 | 10 | Kuehne + Nagel International |
Switzerland | $31,060 | $31,060 | 100% |
| 45 | - | Yang Ming Marine Transport |
Taiwan | $6,940 | $6,940 | 100% |
| 46 | 40 | GLS Group |
The Netherlands | $6,059 | $6,059 | 100% |
| 14 | 14 | Union Pacific Railroad |
USA | $24,250 | $24,250 | 100% |
| 47 | 48 | Landstar System |
USA | $5,819 | $5,819 | 100% |
| 15 | 16 | DSV A/S |
Denmark | $24,232 | $24,232 | 100% |
| 48 | 45 | Old Dominion Freight Line |
USA | $5,815 | $5,815 | 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% |
| 50 | 47 | Schneider |
USA | $5,291 | $5,291 | 100% |
| 19 | 28 | Canadian National Railway |
Canada | $17,046 | $17,046 | 100% |
| 47 | 50 | Estes Express Lines |
USA | $5,864 | $5,864 | 100% |
| 20 | 21 | Nippon Express |
Japan | $17,030 | $17,030 | 100% |
| 22 | 24 | Sinotrans |
China | $14,832 | $14,832 | 100% |
| 23 | 22 | CSX Corp. |
USA | $14,540 | $14,540 | 100% |
| 49 | 12 | Deutsche Bahn Group |
Germany | $5,471 | $28,358 | 19.3% |
| 10 | 9 | China State Railway Group |
China | $33,477 | $166,552 | 20.1% |
| 1 | 1 | Amazon.com Inc. |
USA | $156,146 | $637,959 | 24.5% |
| 28 | 27 | SNCF Group |
France | $12,018 | $46,920 | 25.6% |
| 13 | 17 | Indian Railways |
India | $26,873 | $49,399 | 54.4% |
| 40 | 41 | Ryder System |
USA | $7,746 | $12,636 | 61.3% |
| 5 | 5 | DHL Group |
Germany | $67,594 | $91,110 | 74.2% |
| 31 | 25 | Yamato Holdings |
Japan | $10,231 | $11,613 | 88.1% |
| 21 | 20 | C.H. Robinson |
USA | $16,354 | $17,725 | 92.3% |
| 33 | 37 | Rhenus Group |
Germany | $9,304 | $9,887 | 94.1% |
| 7 | 6 | Maersk |
Denmark | $52,308 | $55,482 | 94.3% |
| 38 | 30 | SG Holdings |
Japan | $8,247 | $8,699 | 94.8% |
| 25 | 34 | Evergreen Marine Corp. |
Taiwan | $14,434 | $15,083 | 95.7% |
| 30 | 32 | Canadian Pacific Kansas City |
Canada | $10,553 | $10,772 | 98% |
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
Shipping's 'Biggest Geek' to Explore Supply Chain Frontier
Container shipping analyst Lars Jensen on July 1 sets out for an 18-month trip to scope out opportunities and risks to better connect Africa’s economies to the global trading system.
June 5, 2026Walmart CEO Points to High Fuel Prices as ‘Stress Point’
CEO John Furner said that low-income consumers are experiencing greater pressure on high gas prices. “That’s really the stress point, is the price of fuel,” he said.
June 3, 2026Nearshoring Withstands Tariffs, Geopolitical Upheaval
Nearshoring has further evolved supply chains this year even as tariffs and geopolitical risks have complicated the process.
June 1, 2026Oil Companies Scramble for Ships to Secure Transport
Oil companies are rushing to secure giant tankers to ensure they can transport barrels after the industry was upended by war and the largest vessel-buying spree in a generation, DHT's CEO says.
June 1, 2026USPS Suspends Nonessential Expenses Amid Cash Shortage
The United States Postal Service is suspending discretionary spending across the organization as it faces a looming liquidity crisis.
May 28, 2026USPS Signs Multiyear Deal to Solidify DHL Ties
USPS will carry out last-mile e-commerce deliveries directly to customer homes for DHL under the agreement, the companies said in a statement May 28.
May 28, 2026Kroger Plans Big Price Cuts to Take On Walmart, Costco
Kroger is looking to compete more fiercely with Walmart and other companies that have gained ground in recent years at the expense of traditional grocery operators.
May 21, 2026DOJ Accuses Chinese Container Makers of Pandemic Price Scheme
The DOJ said it filed criminal charges against four large makers of shipping containers for allegedly colluding to raise prices during the pandemic.
May 20, 2026Amazon’s AI Success Sends Stock Toward $3 Trillion Club
The cloud-computing and e-commerce giant has a market value of $2.9 trillion after adding $432 billion this year.
May 14, 2026Allegiant Air and Sun Country Complete Merger
Along with passenger flights, Sun Country brings into the fold cargo flying for Amazon, as well as charter trips.
May 14, 2026
