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 |
|---|---|---|---|---|---|---|
| 43 | 43 | TFI International |
Canada | $7,305 | $7,305 | 100% |
| 19 | 28 | Canadian National Railway |
Canada | $17,046 | $17,046 | 100% |
| 30 | 32 | Canadian Pacific Kansas City |
Canada | $10,553 | $10,772 | 98% |
| 8 | 11 | SF Express |
China | $39,563 | $39,563 | 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% |
| 22 | 24 | Sinotrans |
China | $14,832 | $14,832 | 100% |
| 15 | 16 | DSV A/S |
Denmark | $24,232 | $24,232 | 100% |
| 7 | 6 | Maersk |
Denmark | $52,308 | $55,482 | 94.3% |
| 18 | 19 | Geopost |
France | $17,135 | $17,135 | 100% |
| 28 | 27 | SNCF Group |
France | $12,018 | $46,920 | 25.6% |
| 6 | 7 | CMA CGM |
France | $55,480 | $55,480 | 100% |
| 49 | 12 | Deutsche Bahn Group |
Germany | $5,471 | $28,358 | 19.3% |
| 17 | 18 | Hapag-Lloyd |
Germany | $20,677 | $20,677 | 100% |
| 33 | 37 | Rhenus Group |
Germany | $9,304 | $9,887 | 94.1% |
| 35 | 36 | Dachser Group |
Germany | $8,655 | $8,655 | 100% |
| 5 | 5 | DHL Group |
Germany | $67,594 | $91,110 | 74.2% |
| 41 | 44 | KLN Logistics Group |
Hong Kong | $7,468 | $7,468 | 100% |
| 13 | 17 | Indian Railways |
India | $26,873 | $49,399 | 54.4% |
| 37 | 49 | ZIM Integrated Shipping Services |
Israel | $8,427 | $8,427 | 100% |
| 44 | 38 | Kintetsu World Express |
Japan | $7,005 | $7,005 | 100% |
| 20 | 21 | Nippon Express |
Japan | $17,030 | $17,030 | 100% |
| 24 | 23 | Ocean Network Express |
Japan | $14,536 | $14,536 | 100% |
| 31 | 25 | Yamato Holdings |
Japan | $10,231 | $11,613 | 88.1% |
| 38 | 30 | SG Holdings |
Japan | $8,247 | $8,699 | 94.8% |
| 34 | 33 | CJ Logistics |
South Korea | $8,882 | $8,882 | 100% |
| 36 | 42 | HMM Co. |
South Korea | $8,577 | $8,577 | 100% |
| 9 | 8 | Mediterranean Shipping Co. |
Switzerland | $38,371 | $38,371 | 100% |
| 12 | 10 | Kuehne + Nagel International |
Switzerland | $31,060 | $31,060 | 100% |
| 45 | - | Yang Ming Marine Transport |
Taiwan | $6,940 | $6,940 | 100% |
| 25 | 34 | Evergreen Marine Corp. |
Taiwan | $14,434 | $15,083 | 95.7% |
| 46 | 40 | GLS Group |
The Netherlands | $6,059 | $6,059 | 100% |
| 40 | 41 | Ryder System |
USA | $7,746 | $12,636 | 61.3% |
| 42 | 39 | Knight-Swift Transportation |
USA | $7,410 | $7,410 | 100% |
| 14 | 14 | Union Pacific Railroad |
USA | $24,250 | $24,250 | 100% |
| 47 | 48 | Landstar System |
USA | $5,819 | $5,819 | 100% |
| 48 | 45 | Old Dominion Freight Line |
USA | $5,815 | $5,815 | 100% |
| 16 | 15 | BNSF Railway |
USA | $23,437 | $23,437 | 100% |
| 50 | 47 | Schneider |
USA | $5,291 | $5,291 | 100% |
| 47 | 50 | Estes Express Lines |
USA | $5,864 | $5,864 | 100% |
| 21 | 20 | C.H. Robinson |
USA | $16,354 | $17,725 | 92.3% |
| 23 | 22 | CSX Corp. |
USA | $14,540 | $14,540 | 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% |
| 32 | - | Walmart Inc. |
USA | $9,497 | $680,985 | 1.4% |
| 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% |
| 39 | 35 | XPO |
USA | $8,072 | $8,072 | 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
Shipping Firms Whipsawed as They Wait for Hormuz to Reopen
“Ultimately, it’s still going to come back to the primary issues of risk and safety," that shippers have to evaluate.
May 6, 2026MSC Plans Route That Avoids Strait of Hormuz
MSC plans a new service linking Europe with isolated Middle East ports, using trucking across Saudi Arabia and smaller vessels in the Persian Gulf.
May 4, 2026Effects of Iran War Rattle Outlook for Ports
The largest U.S. ports said rising supply chain uncertainty is affecting the flow of goods into the country, complicating forecasting and import comparisons.
April 30, 2026Amazon Profit Climbs to $30 Billion in First Quarter
Amazon on April 29 reported a strong increase in profit and net sales during the first quarter, helped by surging growth in its prominent cloud computing unit.
April 29, 2026Cosco’s Profit Drops by Half as Lower Freight Rates Bite
Revenue dipped 11%, with the transpacific route seeing the biggest growth decline.
April 29, 2026Amazon to Sell OpenAI Models After Microsoft Ends Exclusivity
For the first three years of the AI boom, Amazon watched as cloud customers seeking the latest and greatest from OpenAI took their business to Microsoft.
April 28, 2026UPS Beats Revenue Expectations Amid Q1 Volatility
UPS pressed ahead with an ongoing transformation strategy while contending with a challenging first quarter, the company reported April 28.
April 28, 2026Walmart Raises $4.25 Billion in High-Grade Bond Sale
Walmart raised $4.25 billion from a high-grade bond offering, boosting the size of the deal amid a flood of issuance that was mostly well received.
April 27, 2026Anthropic Commits $100B to Amazon's AWS Over Next 10 Years
Amazon will invest $5 billion immediately as part of the new agreement announced this week by the companies, and up to another $20 billion in the future.
April 21, 2026DHL Warns of ‘Tipping Point’ Risk If Oil Shortage Persists
Consumers fail to recognize the impact of crises until a single event — such as a major plant closure — triggers “broader uproar,” DHL CEO Tobias Meyer said.
April 21, 2026
