2019 Essential Revenue and Operating Information for the 50 Largest Global Freight Carriers
Up Front
Rankings
Top 50 Global Freight | Airport Data
Port Data: Pacific Northwest | California & Pacific Islands | North Atlantic | Mid-Atlantic & South Atlantic | Mexico & Central America | Gulf Coast | Caribbean | Great Lakes
| Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
|---|---|---|---|---|---|---|
| 1 | 1 | FedEx Corp. |
United States | $63,914 | $68,716 | 93.0% |
| 2 | 2 | UPS Inc. |
United States | $61,253 | $71,861 | 85.2% |
| 3 | 3 | China Railway Corp. |
China | $45,001 | $165,494 | 27.2% |
| 4 | 4 | Maersk |
Denmark | $34,707 | $39,019 | 88.9% |
| 5 | 5 | Russian Railways |
Russia | $26,012 | $38,403 | 67.7% |
| 6 | 6 | Deutsche Post DHL Group |
Germany | $24,307 | $72,622 | 33.5% |
| 7 | 9 | CMA CGM Group |
France | $23,480 | $23,480 | 100.0% |
| 8 | 7 | Mediterranean Shipping Co. |
Switzerland | $22,892 | $22,892 | 100.0% |
| 9 | 8 | Union Pacific Corp. |
United States | $22,832 | $22,832 | 100.0% |
| 10 | 10 | BNSF Railway |
United States | $22,578 | $23,855 | 94.6% |
| 11 | 11 | Indian Railways |
India | $18,628 | $26,092 | 71.4% |
| 12 | 14 | Cosco Shipping Group |
China | $18,179 | $18,179 | 100.0% |
| 13 | 15 | Deutsche Bahn AG |
Germany | $13,630 | $51,943 | 26.2% |
| 14 | 17 | Hapag-Lloyd AG |
Germany | $13,586 | $13,586 | 100.0% |
| 15 | 20 | SF Express |
China | $13,547 | $13,547 | 100.0% |
| 16 | 18 | Yamato Holdings |
Japan | $12,262 | $14,712 | 83.0% |
| 17 | 16 | CSX Corp. |
United States | $12,250 | $12,250 | 100.0% |
| 18 | 13 | NYK Group |
Japan | $11,693 | $18,281 | 64.0% |
| 19 | 19 | Norfolk Southern Corp. |
United States | $11,458 | $11,458 | 100.0% |
| 20 | 22 | Canadian National Railway |
Canada | $10,747 | $11,045 | 97.3% |
| 21 | 12 | Mitsui O.S.K Lines |
Japan | $10,668 | $11,311 | 94.3% |
| 22 | 25 | SG Holdings |
Japan | $8,568 | $10,353 | 82.8% |
| 23 | 24 | GeoPost Group |
France | $8,306 | $8,699 | 95.5% |
| 24 | 21 | Kawaski Kisen Kaisha Ltd. ( |
Japan | $8,299 | $8,299 | 100.0% |
| 25 | 23 | XPO |
United States | $8,241 | $17,279 | 47.7% |
| 26 | 26 | J.B. Hunt Transport Services |
United States | $7,297 | $8,615 | 84.7% |
| 27 | 28 | Canadian Pacific Railway |
Canada | $5,516 | $5,642 | 97.8% |
| 28 | 31 | Evergreen Marine Corp. |
Taiwan | $5,210 | $5,613 | 92.8% |
| 29 | 29 | Yellow Corp. |
United States | $5,092 | $5,092 | 100.0% |
| 30 | 30 | Knight-Swift Transportation |
United States | $4,760 | $5,344 | 89.1% |
| 31 | 32 | Hyundai Merchant Marine Co. |
South Korea | $4,745 | $4,745 | 100.0% |
| 32 | 33 | Yang Ming Marine Transport Corp. |
Taiwan | $4,704 | $4,704 | 100.0% |
| 33 | 34 | Transnet Group |
South Africa | $4,275 | $5,588 | 76.5% |
| 34 | 35 | Schneider |
United States | $4,057 | $4,977 | 81.5% |
| 35 | 38 | Old Dominion Freight Line |
United States | $4,044 | $4,044 | 100.0% |
| 36 | - | General Logistics Systems |
Netherlands | $3,850 | $3,850 | 100.0% |
| 37 | 36 | TFI International |
Canada | $3,746 | $3,951 | 94.8% |
| 38 | 40 | Cathay Pacific Airways |
Hong Kong | $3,613 | $14,170 | 25.5% |
| 39 | 37 | Emirates Group |
United Arab Emirates | $3,555 | $26,147 | 13.6% |
| 40 | 39 | Nippon Express |
Japan | $3,396 | $19,245 | 17.6% |
| 41 | 42 | ZIM Integrated Shipping Services |
Israel | $3,248 | $3,248 | 100.0% |
| 42 | 43 | Lufthansa Group |
Germany | $3,201 | $42,292 | 7.6% |
| 43 | 41 | Toll Group |
Australia | $3,128 | $6,350 | 49.3% |
| 44 | 49 | Wallenius Wilhelmsen Group |
Norway | $3,049 | $4,063 | 75.0% |
| 45 | 44 | Pacific International Lines |
Singapore | $2,800 | $4,065 | 68.9% |
| 46 | 46 | Estes Express Lines |
United States | $2,787 | $3,186 | 87.5% |
| 47 | - | Qatar Airways |
Qatar | $2,753 | $13,126 | 21.0% |
| 48 | 47 | Korean Air |
South Korea | $2,737 | $11,496 | 23.8% |
| 49 | 45 | Kansas City Southern |
United States | $2,714 | $2,714 | 100.0% |
| 50 | - | Cargolux |
Luxembourg | $2,634 | $2,634 | 100.0% |
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.
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
Global Freight News
USPS to increase prices, establish permanent fuel surcharge
The U.S. Postal Service is moving to raise and make permanent its fuel surcharge, which the agency introduced for the first time earlier this year.
| November 12, 2026Top 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, 2026