2020 Top 50 Global Freight Carriers

2020 Essential Revenue and Operating Information for the 50 Largest Global Freight Carriers
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Up Front
Freight carriers across the world experienced dramatic market shifts and volume swings in 2020.
The new trade deal between U.S., Mexico and Canada provides market certainty for North American trade.
The world’s largest freight carriers have navigated unprecedented circumstances due to the coronavirus pandemic.
Rank This Year Rank Last Year Companysort descending Headquarters Freight Revenue (Millions) Total Revenue (Millions) Freight Revenue Share
2 2 UPS Inc. USA $63,978 $74,094 86.3%
1 1 FedEx Corp. USA $64,690 $69,189 93.5%
25 26 J.B. Hunt Transport Services USA $7,829 $9,165 85.4%
29 29 Yellow Corp. USA $4,871 $4,871 100.0%
36 34 Schneider USA $3,864 $4,747 81.4%
37 37 TFI International Canada $3,691 $3,902 94.6%
33 35 Old Dominion Freight Line USA $4,109 $4,109 100.0%
24 25 XPO Logistics USA $7,864 $16,648 47.2%
45 46 Estes Express Lines USA $2,818 $3,254 86.6%
3 3 China Railway Corp. China $44,468 $163,536 27.2%
4 4 Maersk Denmark $34,839 $38,890 89.6%
11 9 Union Pacific Corp. USA $21,708 $21,708 100.0%
9 10 BNSF Railway USA $22,328 $23,515 95.0%
8 8 Mediterranean Shipping Co. Switzerland $24,002 $24,002 100.0%
7 6 Deutsche Post DHL Group Germany $24,265 $70,940 34.2%
12 11 Indian Railways India $19,036 $26,991 70.5%
20 18 NYK Group Japan $10,210 $16,262 62.8%
15 13 Deutsche Bahn AG Germany $12,963 $49,761 26.0%
17 17 CSX Corp. USA $11,937 $11,937 100.0%
26 24 Kawasaki Kisen Kaisha Ltd. (K Line) Japan $7,022 $7,022 100.0%
18 19 Norfolk Southern Corp. USA $11,296 $11,296 100.0%
19 20 Canadian National Railway Canada $10,953 $11,241 97.4%
14 14 Hapag-Lloyd AG Germany $14,121 $14,121 100.0%
13 15 SF Express China $16,050 $16,050 100.0%
23 23 GeoPost Group France $8,600 $8,600 100.0%
27 27 Canadian Pacific Railway Canada $5,737 $5,872 97.7%
31 31 Hyundai Merchant Marine Co. South Korea $4,729 $4,729 100.0%
30 32 Yang Ming Marine Transport Corp. Taiwan $4,828 $4,828 100.0%
34 33 Transnet Group South Africa $4,083 $5,276 77.4%
28 28 Evergreen Marine Corp. Taiwan $5,682 $6,168 92.1%
50 - Kazakhstan Temir Zholy Kazakhstan $2,499 $2,974 84.0%
44 43 Toll Group Australia $2,870 $5,827 49.3%
39 41 ZIM Integrated Shipping Services Israel $3,300 $3,300 100.0%
46 - Ukrainian Railways Ukraine $2,809 $3,502 80.2%
40 39 Emirates Group UAE $3,051 $24,774 12.3%
41 38 Cathay Pacific Airways Hong Kong $3,039 $13,653 22.3%
47 42 Lufthansa Group Germany $2,775 $41,061 6.8%
38 40 Nippon Express Japan $3,604 $19,305 18.7%
6 5 Russian Railways Russia $26,267 $38,618 68.0%
5 7 CMA CGM Group France $30,254 $30,254 100.0%
21 21 Mitsui O.S.K Lines Japan $9,696 $10,633 91.2%
49 45 Pacific International Lines Singapore $2,639 $3,831 68.9%
43 49 Kansas City Southern USA $2,886 $2,886 100.0%
32 30 Knight-Swift Transportation USA $4,408 $4,844 91.0%
16 16 Yamato Holdings Japan $12,517 $14,911 83.9%
22 22 SG Holdings Japan $9,036 $10,683 84.6%
42 44 Wallenius Wilhelmsen Group Norway $2,998 $3,909 76.7%
35 36 General Logistics Systems Netherlands $4,034 $4,034 100.0%
10 12 COSCO Shipping Group China $21,787 $21,787 100.0%
48 47 Qatar Airways Qatar $2,725 $14,033 19.4%
About the Rankings...
Extras
Seaports have experienced huge volume swings in 2020.
If your company appears in the 2020 list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.
North America’s busiest cargo airports.
Learn more about Transport Topics’ Top 50 Global Freight Carriers publication.
Find out where the Top 50 Global Freight Carriers are based.
FedEx and UPS face their biggest test yet amid e-commerce growth and early holiday shopping.
Top 50 News
Business, Logistics, Top 50, Top 100

Universal Logistics Reports Best-Ever 3Q Results

Universal Logistics Holdings truck

Universal Logistics Holdings reported its best third quarter ever, following a trend of record-setting financial reports by freight carriers this year.

Daniel P. Bearth | Staff Writer
October 25, 2018
Government, Business, Technology, Fuel, Logistics, Top 50, Top 100

UPS, Seattle to Launch eBike Downtown Delivery Program

UPS eBike in Seattle

UPS Inc. and Seattle Mayor Jenny Durkan announced Oct. 25 the parcel delivery company will begin a pilot project aimed at reducing congestion downtown and addressing air quality concerns. Delivery drivers will use electric pedal-assist cargo bicycles with a customized modular trailer attached to the back of the bike.

Dan Ronan | Associate News Editor
October 25, 2018
Business, Top 50

Echo Global Logistics Posts Record Revenue for Sixth Straight Quarter

Echo Global Logistics

Echo Global Logistics reported another record quarter for revenue and boosted its guidance for the year as demand for the company’s technology and transportation management services remains robust.

October 24, 2018
Business, Top 50

DSV Ends Bid to Acquire Ceva Logistics

DSV Truck

DSV A/S, the world’s fifth-largest freight forwarder, walked away from Ceva Logistics AG after failing in its latest attempt to buy the Swiss company, which says it needed more time to review the offer.

October 24, 2018
Business, Logistics, Top 50, Top 100

UPS Reports Strong Revenue Growth, Higher Profits in 3Q

UPS building and truck

UPS Inc. reported strong revenue growth and higher profits in the third quarter, despite international headwinds from currency valuations, rising fuel costs and ongoing investment in transformation initiatives.

Daniel P. Bearth | Staff Writer
October 24, 2018
Business, Logistics, Top 50

AIT Worldwide Logistics Acquires WorldFresh Express

AIT Worldwide Logistics acquired WorldFresh Express, a Los Angeles-based freight forwarder that handles perishable food products, in a deal completed Oct. 17.

October 19, 2018
Business, Logistics, Top 50

Beauty Retailer Feelunique, Seko Logistics Partner on Hong Kong Hub

Seko Logistics logo

Feelunique, a European online beauty retailer, has partnered with Seko Logistics to open a distribution hub in Hong Kong.

October 18, 2018
Government, Business, Logistics, Top 50, Top 100

Amazon, FedEx, UPS Could Gain from Trump Threat to Leave Postal Union

Package warehouse

U.S. e-commerce companies including Amazon.com and shippers such as FedEx Corp. and UPS Inc. stand to gain from the Trump administration’s move Oct. 17 to withdraw from an international postal agreement.

Cheryl Bolen | Bloomberg News
October 18, 2018
Business, Top 50, Top 100

J.B. Hunt Revenue Soars, but Profits Lag in Third Quarter

J.B. Hunt

J.B. Hunt Transport Services reported a big bump in revenue in the third quarter as higher rates boosted the top line for each of its four freight segments. Profits, however, did not keep pace as the company dealt with outstanding legal issues and absorbed start-up costs for several new large dedicated hauling contracts.

Daniel P. Bearth | Staff Writer
October 16, 2018
Business, Technology, Logistics, Autonomous, Top 50

XPO Logistics to Use 5,000 Robots in Warehouses

XPO robotics in warehouse

XPO Logistics said it plans to deploy 5,000 robots to work with humans in the company’s warehouses and distribution centers in North America, the United Kingdom and eight countries in Europe.

Daniel P. Bearth | Staff Writer
October 9, 2018

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