The latest warning sign for U.S. stocks is emerging from a corner of the market that investors closely watch to get a read on the state of the economy and the health of American consumers: Transportation shares.
April 4, 20222017 Top 50 Global Freight Carriers

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Up Front
Rankings
Rank This Year | Rank Last Year | Company | Headquarters![]() | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
---|---|---|---|---|---|---|
41 | 39 | Toll Group | Australia | $2,838 | $5,898 | 48.1% |
42 | 47 | Aurizon | Australia | $2,588 | $2,588 | 100.0% |
40 | 41 | TFI International | Canada | $2,857 | $2,994 | 95.4% |
21 | 21 | Canadian National Railway | Canada | $8,689 | $8,953 | 97.0% |
30 | 29 | Canadian Pacific Railway | Canada | $4,508 | $4,636 | 97.2% |
3 | 3 | China Railway Corp. | China | $32,445 | $136,680 | 23.7% |
18 | 12 | China COSCO Shipping Corp. | China | $10,518 | $10,518 | 100.0% |
22 | 22 | SF Express | China | $8,585 | $8,585 | 100.0% |
4 | 4 | Maersk | Denmark | $26,410 | $36,408 | 72.5% |
10 | 7 | CMA CGM Group | France | $15,977 | $15,977 | 100.0% |
25 | 26 | GeoPost Group | France | $6,583 | $6,825 | 96.5% |
6 | 9 | Deutsche Post DHL Group | Germany | $20,260 | $63,460 | 31.9% |
14 | 16 | Deutsche Bahn AG | Germany | $12,085 | $44,912 | 26.9% |
46 | 48 | Lufthansa Group | Germany | $2,307 | $35,043 | 6.6% |
15 | 15 | Hapag-Lloyd AG | Germany | $11,662 | $11,662 | 100.0% |
26 | 24 | Hamburg Süd Group | Germany | $6,234 | $6,234 | 100.0% |
43 | 43 | Cathay Pacific Airways | Hong Kong | $2,584 | $11,946 | 21.6% |
28 | 27 | Orient Overseas International | Hong Kong | $5,298 | $5,298 | 100.0% |
11 | 11 | Indian Railways | India | $15,929 | $24,574 | 64.8% |
44 | 42 | ZIM Integrated Shipping Services | Israel | $2,540 | $2,540 | 100.0% |
37 | 46 | Nippon Express | Japan | $2,993 | $17,092 | 18.3% |
12 | 13 | NYK Group | Japan | $12,789 | $18,395 | 69.5% |
13 | 14 | Mitsui O.S.K Lines | Japan | $12,731 | $13,607 | 93.6% |
16 | 20 | Yamato Group | Japan | $11,136 | $16,881 | 66.0% |
20 | 18 | Kawasaki Kisen Kaisha Ltd. (K Line) | Japan | $9,465 | $9,465 | 100.0% |
24 | 25 | SG Holdings Group | Japan | $7,142 | $8,858 | 80.6% |
5 | 6 | Russian Railways | Russia | $20,863 | $31,957 | 65.3% |
47 | 38 | Pacific International Lines | Singapore | $2,194 | $3,184 | 68.9% |
34 | 36 | Transnet Group | South Africa | $3,426 | $4,464 | 76.8% |
50 | 49 | Korean Air | South Korea | $2,107 | $9,918 | 21.2% |
31 | 31 | Hyundai Merchant Marine Co. | South Korea | $3,749 | $3,749 | 100.0% |
9 | 10 | Mediterranean Shipping Co. | Switzerland | $17,675 | $17,675 | 100.0% |
33 | 33 | Yang Ming Marine Transport Corp. | Taiwan | $3,579 | $3,579 | 100.0% |
35 | 35 | Evergreen Marine Corp. | Taiwan | $3,412 | $3,836 | 88.9% |
49 | - | Ukrainian Railways | Ukraine | $2,131 | $2,605 | 81.8% |
39 | 40 | Emirates Group | United Arab Emirates | $2,884 | $22,799 | 12.6% |
32 | 34 | Swift Transportation | United States | $3,721 | $4,032 | 92.3% |
1 | 1 | FedEx Corp. | United States | $55,684 | $60,319 | 93.3% |
2 | 2 | UPS Inc. | United States | $53,387 | $60,906 | 87.7% |
36 | 37 | Schneider | United States | $3,383 | $4,046 | 83.6% |
38 | 44 | Old Dominion Freight Line | United States | $2,992 | $2,992 | 100.0% |
7 | 5 | Union Pacific Corp. | United States | $19,941 | $19,941 | 100.0% |
8 | 8 | BNSF Railway | United States | $18,921 | $19,829 | 95.4% |
45 | - | Kansas City Southern | United States | $2,334 | $2,334 | 100.0% |
48 | - | Estes Express Lines | United States | $2,155 | $2,397 | 89.9% |
17 | 17 | CSX Corp. | United States | $11,069 | $11,069 | 100.0% |
19 | 19 | Norfolk Southern Corp. | United States | $9,888 | $9,888 | 100.0% |
23 | 30 | XPO Logistics | United States | $7,388 | $14,619 | 50.5% |
27 | 28 | J.B. Hunt Transport Services | United States | $5,717 | $6,555 | 87.2% |
29 | 32 | Yellow Corp. | United States | $4,698 | $4,698 | 100.0% |

Extras
Top 50 News
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WASHINGTON — Postmaster General Louis DeJoy said March 31 that the Justice Department has closed without criminal charges an investigation into political fundraising activity at his former business.
March 31, 2022Secretary Walsh Optimistic About Port Workers’ Contract Talks
CARLISLE, Pa. — Labor Secretary Marty Walsh is optimistic that upcoming labor negotiations for workers at West Coast ports will progress smoothly, noting the critical role that dockworkers and port drivers play in keeping supply chains moving.
March 30, 2022Ceva, Kodiak Launch Autonomous Deliveries to Oklahoma
Ceva Logistics announced it teamed up with autonomous commercial vehicle technology company Kodiak Robotics Inc. to deliver freight autonomously between Dallas-Fort Worth and Oklahoma City, expanding on an existing relationship.
March 9, 2022XPO to Split LTL, Freight Brokerage Businesses
XPO Logistics is creating two new, stand-alone, publicly traded companies in the less-than-truckload and tech-enabled brokered transportation sector, the company announced March 8.
March 9, 2022Port of Baltimore Announces Expansion
The Port of Baltimore on March 7 announced it is expanding container business at its Seagirt Marine Terminal as the Israeli-based ZIM Shipping Line will begin calls at the facility this summer.
March 8, 2022Brokers Expect Rising Contract Rates for 2022
Freight brokerage firms are anticipating that contract rates will keep rising this year, with a slowdown not expected until year’s end.
March 3, 2022GXO, Clipper Boards Agree to Terms on Acquisition
The GXO Logistics and Clipper Logistics boards of directors on Feb. 28 said they have agreed to terms on the contract logistics company’s previously announced potential acquisition of Clipper.
February 28, 2022Americold Narrows Loss, Names George Chappelle New CEO
Refrigerated warehouse operator Americold Realty Trust narrowed its loss in the fourth quarter and posted a large gain in revenue. It also made interim CEO George Chappelle’s position permanent.
February 25, 2022DHL Express Sues City Over Possible Lockout at San Antonio Airport
International shipping services provider DHL Express has operated at San Antonio International Airport for more than 30 years, but it’s facing a possible lockout over an alleged lease violation.
February 17, 2022