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 Yearsort descending Rank Last Year Company Headquarters Freight Revenue (Millions) Total Revenue (Millions) Freight Revenue Share
1 1 FedEx Corp. USA $64,690 $69,189 93.5%
2 2 UPS Inc. USA $63,978 $74,094 86.3%
3 3 China Railway Corp. China $44,468 $163,536 27.2%
4 4 Maersk Denmark $34,839 $38,890 89.6%
5 7 CMA CGM Group France $30,254 $30,254 100.0%
6 5 Russian Railways Russia $26,267 $38,618 68.0%
7 6 Deutsche Post DHL Group Germany $24,265 $70,940 34.2%
8 8 Mediterranean Shipping Co. Switzerland $24,002 $24,002 100.0%
9 10 BNSF Railway USA $22,328 $23,515 95.0%
10 12 COSCO Shipping Group China $21,787 $21,787 100.0%
11 9 Union Pacific Corp. USA $21,708 $21,708 100.0%
12 11 Indian Railways India $19,036 $26,991 70.5%
13 15 SF Express China $16,050 $16,050 100.0%
14 14 Hapag-Lloyd AG Germany $14,121 $14,121 100.0%
15 13 Deutsche Bahn AG Germany $12,963 $49,761 26.0%
16 16 Yamato Holdings Japan $12,517 $14,911 83.9%
17 17 CSX Corp. USA $11,937 $11,937 100.0%
18 19 Norfolk Southern Corp. USA $11,296 $11,296 100.0%
19 20 Canadian National Railway Canada $10,953 $11,241 97.4%
20 18 NYK Group Japan $10,210 $16,262 62.8%
21 21 Mitsui O.S.K Lines Japan $9,696 $10,633 91.2%
22 22 SG Holdings Japan $9,036 $10,683 84.6%
23 23 GeoPost Group France $8,600 $8,600 100.0%
24 25 XPO Logistics USA $7,864 $16,648 47.2%
25 26 J.B. Hunt Transport Services USA $7,829 $9,165 85.4%
26 24 Kawasaki Kisen Kaisha Ltd. (K Line) Japan $7,022 $7,022 100.0%
27 27 Canadian Pacific Railway Canada $5,737 $5,872 97.7%
28 28 Evergreen Marine Corp. Taiwan $5,682 $6,168 92.1%
29 29 Yellow Corp. USA $4,871 $4,871 100.0%
30 32 Yang Ming Marine Transport Corp. Taiwan $4,828 $4,828 100.0%
31 31 Hyundai Merchant Marine Co. South Korea $4,729 $4,729 100.0%
32 30 Knight-Swift Transportation USA $4,408 $4,844 91.0%
33 35 Old Dominion Freight Line USA $4,109 $4,109 100.0%
34 33 Transnet Group South Africa $4,083 $5,276 77.4%
35 36 General Logistics Systems Netherlands $4,034 $4,034 100.0%
36 34 Schneider USA $3,864 $4,747 81.4%
37 37 TFI International Canada $3,691 $3,902 94.6%
38 40 Nippon Express Japan $3,604 $19,305 18.7%
39 41 ZIM Integrated Shipping Services Israel $3,300 $3,300 100.0%
40 39 Emirates Group UAE $3,051 $24,774 12.3%
41 38 Cathay Pacific Airways Hong Kong $3,039 $13,653 22.3%
42 44 Wallenius Wilhelmsen Group Norway $2,998 $3,909 76.7%
43 49 Kansas City Southern USA $2,886 $2,886 100.0%
44 43 Toll Group Australia $2,870 $5,827 49.3%
45 46 Estes Express Lines USA $2,818 $3,254 86.6%
46 - Ukrainian Railways Ukraine $2,809 $3,502 80.2%
47 42 Lufthansa Group Germany $2,775 $41,061 6.8%
48 47 Qatar Airways Qatar $2,725 $14,033 19.4%
49 45 Pacific International Lines Singapore $2,639 $3,831 68.9%
50 - Kazakhstan Temir Zholy Kazakhstan $2,499 $2,974 84.0%
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, Top 50

CSX Earnings in Q4 Beat Wall Street Expectations

CSX locomotive

CSX Corp. announced fourth-quarter and year-end earnings that beat Wall Street analysts’ expectations after the markets closed Jan. 20.

Dan Ronan | Senior Reporter
January 21, 2022
Business, Logistics, Top 50

XPO Logistics Port Truckers Seek to Unionize

Trucks enter and exit the Port of Los Angeles

Up to 250 XPO Logistics Inc. truckers who haul goods at Southern California ports and railyards are petitioning to unionize, hoping to convince federal authorities they’re really employees and not contractors as XPO claims.

Josh Eidelson | Bloomberg News
January 19, 2022
Business, Logistics, Top 50, Top 100

J.B. Hunt Reports Higher Profit, Revenue for Q4 2021

J.B. Hunt truck

J.B. Hunt Transport Services on Jan. 18 announced higher earnings and revenue for the fourth quarter of 2021.

Connor D. Wolf | Staff Reporter
January 19, 2022
Business, Logistics, Top 50, Top 100

XPO Announces Expansion of LTL Network

XPO

XPO Logistics is expanding its North American operations, adding to its LTL network two new terminals, four fleet maintenance shops and trailer manufacturing capacity, the company said Jan. 18.

Dan Ronan | Senior Reporter
January 19, 2022
Business, Logistics, Top 50

Maersk Overtaken as World’s No. 1 Shipping Line by MSC

Maersk Overtaken as World’s No. 1 Shipping Line by MSC

A.P. Moller-Maersk A/S is no longer the world’s largest container line. The Danish carrier has been overtaken by Mediterranean Shipping Co. in terms of capacity, according to data compiled by Alphaliner and published Jan . 5.

Christian Wienberg | Bloomberg News
January 5, 2022
Business, Top 50, Top 100

XPO Hosts Conference for Women in Leadership

XPO

XPO Logistics held its inaugural Women in Leadership Conference in Atlanta Nov. 17-19.

Dan Ronan | Senior Reporter
December 22, 2021
Business, Technology, Logistics, Top 50

Lufthansa Warms to Airbus Freighter as It Plans Cargo-Fleet Expansion

Lufthansa Warms to Airbus Freighter as It Plans Cargo-Fleet Expansion

Deutsche Lufthansa AG’s cargo division said it’s seeking more freighter planes to keep pace with booming global demand and that purchases could include Airbus SE’s new A350F model.

William Wilkes | Bloomberg News
December 10, 2021
Business, Technology, Equipment, Top 50, Top 100

Werner Enterprises Integrates With Decisiv to Expand Repair Network

Werner

Werner Enterprises is integrating Decisiv into its application programming interface to expand its repair network, the company announced Dec. 2.

December 6, 2021
Business, Top 50, Top 100

Werner, TFI Bolster Operations With Acquisitions

Werner

Werner Enterprises and TFI International completed separate acquisitions Nov. 29 to bolster their operations.

Connor D. Wolf | Staff Reporter
December 1, 2021
Business, Logistics, Top 50

Royal Mail Hands $540 Million to Investors on Parcel Windfall

Royal Mail Hands $540 Million to Investors on Parcel Windfall

Royal Mail Plc will return $540 million to shareholders, saying it’s increasingly confident that the online shopping boom spurring parcel deliveries will persist.

Christopher Jasper | Bloomberg News
November 18, 2021

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