2019 Top 50 Global Freight

2019 Essential Revenue and Operating Information for the 50 Largest Global Freight Carriers

Up Front

Policy negotiations have put freight patterns in flux.
Despite trade tensions, growth has continued.
How the Netherlands is handling increased demand.

Rankings

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%

Extras

Spending on ports projects has risen.
Companies and government agencies work to minimize effects of the E.U. departure.
Memphis International retains the top spot; Louisville honors boxing legend.
Find out where the Top Global Freight Carriers are around the world.
Learn more about Transport Topics' Top 50 Global Freight Carriers Publication.
If your company appears in the 2019 list, you have a few ways to announce it! Visit our logo library to get web- and print-ready graphics.

Global Freight News

GovernmentBusinessFuelLogisticsGlobal FreightTop 50

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, 2026
GovernmentBusinessLogisticsGlobal FreightTop 50

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, 2026
GovernmentBusinessEquipmentLogisticsGlobal FreightTop 50

Cross-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, 2026
GovernmentBusinessTechnologyEquipmentFuelLogisticsFor-HireGlobal Freight

EV 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, 2026
BusinessEquipmentLogisticsGlobal Freight

Ports 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, 2026
BusinessTechnologyLogisticsGlobal FreightTop 100

AIT 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, 2026
BusinessEquipmentLogisticsFor-HireGlobal Freight

FedEx 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, 2026
BusinessEquipmentLogisticsFor-HireGlobal FreightTop 100

FedEx 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, 2026
BusinessEquipmentLogisticsFor-HireGlobal FreightTop 100

FedEx 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, 2026
BusinessTechnologyLogisticsGlobal FreightPrivateTop 100

Amazon 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

Archives

  • 2025

  • 2024

  • 2023

  • 2022

  • 2021

  • 2020

  • 2019

  • 2018

  • 2017

  • 2016

  • 2015