Up Front
The world’s largest transportation firms are navigating trade policy, elevated fuel prices and geopolitical uncertainty.
USMCA uncertainty and a murky road ahead have forced shippers and transportation providers to become more flexible.
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) |
|---|---|---|---|---|---|
| 1 | 1 | Amazon.com Inc. |
USA | $172,162 | $716,924 |
| 2 | 3 | FedEx Corp. |
USA | $90,093 | $90,093 |
| 3 | 2 | UPS Inc. |
USA | $88,661 | $88,661 |
| 4 | 4 | United States Postal Service |
USA | $80,581 | $80,581 |
| 5 | 5 | DHL Group |
Germany | $63,809 | $93,516 |
| 6 | 6 | CMA CGM |
France | $54,380 | $54,380 |
| 7 | 7 | Maersk |
Denmark | $50,078 | $53,988 |
| 8 | 8 | SF Express |
China | $42,870 | $42,870 |
| 9 | 9 | Mediterranean Shipping Co. |
Switzerland | $41,325 | $41,325 |
| 10 | - | JD Logistics |
China | $40,800 | $187,197 |
| 11 | 15 | DSV A/S |
Denmark | $37,376 | $37,376 |
| 12 | 10 | China State Railway Group |
China | $36,088 | $530,706 |
| 13 | 12 | Kuehne + Nagel International |
Switzerland | $33,847 | $33,847 |
| 14 | 11 | Cosco Shipping Group |
China | $30,532 | $30,532 |
| 15 | 13 | Indian Railways |
India | $24,580 | $45,184 |
| 16 | 14 | Union Pacific Railroad |
USA | $24,510 | $24,510 |
| 17 | 16 | BNSF Railway |
USA | $23,421 | $23,421 |
| 18 | 17 | Hapag-Lloyd |
Germany | $21,051 | $21,051 |
| 19 | 18 | Geopost |
France | $17,838 | $17,838 |
| 20 | 19 | Canadian National Railway |
Canada | $17,304 | $17,304 |
| 21 | 20 | Nippon Express |
Japan | $17,208 | $17,208 |
| 22 | 24 | Ocean Network Express |
Japan | $16,620 | $16,620 |
| 23 | 21 | C.H. Robinson |
USA | $14,824 | $16,233 |
| 24 | 23 | CSX Corp. |
USA | $14,092 | $14,092 |
| 25 | 28 | SNCF Group |
France | $13,593 | $48,523 |
| 26 | 22 | Sinotrans |
China | $13,466 | $13,466 |
| 27 | - | GXO Logistics |
USA | $13,178 | $13,178 |
| 28 | 26 | Norfolk Southern |
USA | $12,180 | $12,180 |
| 29 | 32 | Walmart Inc. |
USA | $12,061 | $713,163 |
| 30 | 27 | J.B. Hunt Transport Services |
USA | $11,999 | $11,999 |
| 31 | 25 | Evergreen Marine Corp. |
Taiwan | $11,607 | $12,162 |
| 32 | 29 | Expeditors International |
USA | $11,069 | $11,069 |
| 33 | 31 | Yamato Holdings |
Japan | $10,643 | $12,233 |
| 34 | 30 | Canadian Pacific Kansas City |
Canada | $10,575 | $10,785 |
| 35 | 35 | Dachser Group |
Germany | $9,370 | $9,370 |
| 36 | 38 | SG Holdings |
Japan | $9,105 | $9,604 |
| 37 | 33 | Rhenus Group |
Germany | $8,711 | $9,257 |
| 38 | 34 | CJ Logistics |
South Korea | $8,640 | $8,640 |
| 39 | 39 | XPO Inc. |
USA | $8,157 | $8,157 |
| 40 | - | PSA International |
Singapore | $7,913 | $7,913 |
| 41 | 40 | Ryder System |
USA | $7,802 | $12,665 |
| 42 | 36 | HMM Co. |
South Korea | $7,660 | $7,660 |
| 43 | - | Total Quality Logistics |
USA | $7,500 | $7,500 |
| 44 | 42 | Knight-Swift Transportation |
USA | $7,470 | $7,470 |
| 45 | 41 | KLN Logistics Group |
Hong Kong | $7,226 | $7,226 |
| 46 | 44 | Kintetsu World Express |
Japan | $7,154 | $8,185 |
| 47 | 43 | TFI International |
Canada | $6,913 | $6,913 |
| 48 | 46 | GLS Group |
The Netherlands | $6,774 | $6,774 |
| 49 | 50 | Schneider |
USA | $5,674 | $5,674 |
| 50 | 48 | Old Dominion Freight Line |
USA | $5,496 | $5,496 |
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.
#2 FedEx: Data for FedEx does not reflect the June 2026 spinoff of FedEx Freight.
#11 DSV: Revenues for DSV include the post-acquisition operations of DB Schenker, which DSV acquired in April 2025.
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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The blockbuster $5.8 billion acquisition could accelerate consolidation across the North American freight brokerage sector.
Learn more about how companies are selected for Transport Topics’ Top 50 list of the largest global transportation providers.
Global Freight News
Top 50 Global Freight Companies prioritize resilience
Global supply chains continue to run on resilience and flexibility as the world’s largest transportation and logistics providers navigate persistent uncertainty.
November 7, 2026Cross-border calculus: North American freight networks adapt
Years of shifting tariffs, customs requirements and trade policies have forced shippers and their transportation providers to become more adaptable.
November 7, 2026EV truck maker Harbinger raises $240M for power, defense
In September, Harbinger said it received an order from FedEx for 2,000 electric delivery vans in a deal worth more than $300 million.
November 5, 2026Ports of Los Angeles and Long Beach set all-time records
Trucking companies serving the country’s major ports had to grapple with a national shift in volumes toward the West Coast in September.
November 2, 2026AIT to acquire Australia's Connor Anderson International
AIT Worldwide Logistics agreed to acquire Sydney-based freight forwarder Connor Anderson International, expanding AIT’s operations in Australia.
November 2, 2026FedEx Freight goes hunting after initial consolidation
The company’s revenue was $2.442 billion in the three months that ended Sept. 30, an increase of 8.1% compared with $2.259 billion in the same period a year earlier.
October 30, 2026FedEx Freight posts mixed results in first report
FedEx Freight offered mixed results in its first earnings report, pointing to transitional bumps as the company learns to stand on its own.
October 29, 2026FedEx boss optimistic over trucking capacity reductions
FedEx CEO Raj Subramaniam echoed industry optimism over tightening trucking capacity Oct. 28, despite facing short-term cost headwinds.
October 29, 2026Amazon offers cautious holiday-quarter outlook
Amazon offered a cautious sales outlook for Q4 that encompasses the critical holiday shopping period after delivering Q3 results that came in below analysts' expectations.
October 29, 2026C.H. Robinson leaders tackle RXO friction concerns
C.H. Robinson Worldwide executives on Oct. 28 pushed back against analysts’ concerns that the RXO acquisition could create operational overlap and friction.
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