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 Company Headquarters Freight Revenue (Millions) Total Revenue (Millions) Freight Revenue Sharesort ascending
27 27 Canadian Pacific Railway Canada $5,737 $5,872 97.7%
19 20 Canadian National Railway Canada $10,953 $11,241 97.4%
9 10 BNSF Railway USA $22,328 $23,515 95.0%
37 37 TFI International Canada $3,691 $3,902 94.6%
1 1 FedEx Corp. USA $64,690 $69,189 93.5%
28 28 Evergreen Marine Corp. Taiwan $5,682 $6,168 92.1%
21 21 Mitsui O.S.K Lines Japan $9,696 $10,633 91.2%
32 30 Knight-Swift Transportation USA $4,408 $4,844 91.0%
4 4 Maersk Denmark $34,839 $38,890 89.6%
45 46 Estes Express Lines USA $2,818 $3,254 86.6%
2 2 UPS Inc. USA $63,978 $74,094 86.3%
25 26 J.B. Hunt Transport Services USA $7,829 $9,165 85.4%
22 22 SG Holdings Japan $9,036 $10,683 84.6%
50 - Kazakhstan Temir Zholy Kazakhstan $2,499 $2,974 84.0%
16 16 Yamato Holdings Japan $12,517 $14,911 83.9%
36 34 Schneider USA $3,864 $4,747 81.4%
46 - Ukrainian Railways Ukraine $2,809 $3,502 80.2%
34 33 Transnet Group South Africa $4,083 $5,276 77.4%
42 44 Wallenius Wilhelmsen Group Norway $2,998 $3,909 76.7%
12 11 Indian Railways India $19,036 $26,991 70.5%
49 45 Pacific International Lines Singapore $2,639 $3,831 68.9%
6 5 Russian Railways Russia $26,267 $38,618 68.0%
20 18 NYK Group Japan $10,210 $16,262 62.8%
47 42 Lufthansa Group Germany $2,775 $41,061 6.8%
44 43 Toll Group Australia $2,870 $5,827 49.3%
24 25 XPO Logistics USA $7,864 $16,648 47.2%
7 6 Deutsche Post DHL Group Germany $24,265 $70,940 34.2%
3 3 China Railway Corp. China $44,468 $163,536 27.2%
15 13 Deutsche Bahn AG Germany $12,963 $49,761 26.0%
41 38 Cathay Pacific Airways Hong Kong $3,039 $13,653 22.3%
48 47 Qatar Airways Qatar $2,725 $14,033 19.4%
38 40 Nippon Express Japan $3,604 $19,305 18.7%
40 39 Emirates Group UAE $3,051 $24,774 12.3%
33 35 Old Dominion Freight Line USA $4,109 $4,109 100.0%
35 36 General Logistics Systems Netherlands $4,034 $4,034 100.0%
5 7 CMA CGM Group France $30,254 $30,254 100.0%
39 41 ZIM Integrated Shipping Services Israel $3,300 $3,300 100.0%
8 8 Mediterranean Shipping Co. Switzerland $24,002 $24,002 100.0%
10 12 COSCO Shipping Group China $21,787 $21,787 100.0%
11 9 Union Pacific Corp. USA $21,708 $21,708 100.0%
43 49 Kansas City Southern USA $2,886 $2,886 100.0%
13 15 SF Express China $16,050 $16,050 100.0%
14 14 Hapag-Lloyd AG Germany $14,121 $14,121 100.0%
17 17 CSX Corp. USA $11,937 $11,937 100.0%
18 19 Norfolk Southern Corp. USA $11,296 $11,296 100.0%
23 23 GeoPost Group France $8,600 $8,600 100.0%
26 24 Kawasaki Kisen Kaisha Ltd. (K Line) Japan $7,022 $7,022 100.0%
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%
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, Top 100

Landstar Reports Record Earnings for Q2

A Landstar Inc. truck

Landstar System reported an all-time record for quarterly net income in its second-quarter financial results.

Connor D. Wolf | Staff Reporter
July 21, 2021
Business, Logistics, Top 50

DP World to Buy Imperial Logistics in $890 Million Bet on Africa

A truck transport shipping containers at the Port of Durban. (Waldo Swiegers/Bloomberg News)

DP World plans to buy South Africa’s Imperial Logistics Ltd. for $890 million, in what the port operator said would be its most significant acquisition in Africa so far.

Adveith Nair | Bloomberg News
July 8, 2021
Business, Logistics, Top 50

Port Operator DP World Buys Syncreon in $1.2 Billion Deal

Cranes offload containers at a port terminal in Dubai, United Arab Emirates. (Kamran Jebreili/Associated Press)

One of the world’s largest port operators, DP World, said July 1 it had acquired American logistics firm Syncreon Holdings in a $1.2 billion deal, the latest investment as the maritime company pushes to expand farther afield.

July 1, 2021
Business, Technology, Logistics, Top 50

DP World Nears $1.2 Billion Deal for Logistics Firm Syncreon

Shelves with boxes sit in a modern warehouse. (Chokii Ns/Getty Images)

DP World is nearing an acquisition of Syncreon Holdings Ltd. in a deal that could value the U.S. supply chain services company at about $1.2 billion, according to people familiar with the matter.

June 30, 2021
Business, Logistics, Top 50, Top 100

FedEx Tops $20 Billion in Revenue for Third Straight Quarter

FedEx truck

FedEx Corp. reported a surge in bottom-line results for its fiscal fourth quarter as e-commerce continued to fuel demand for the company’s services.

Dan Ronan | Associate News Editor
June 24, 2021
Business, Logistics, Top 50, Top 100

XPO Announces GXO’s $800 Million Notes Offering

XPO Logistics supply chain facility

XPO Logistics' upcoming spinoff, GXO Logistics, has priced an offering of $800 million on investments notes with registration rights, the company announced June 17.

Connor D. Wolf | Staff Reporter
June 18, 2021
Business, Technology, Fuel, Top 50

DHL System Helps Shippers Balance Costs and Sustainability

Trucks

DHL Supply Chain has developed a program that is designed to help shippers select carriers that are aligned with their environmental goals.

Connor D. Wolf | Staff Reporter
June 9, 2021
Business, Logistics, Top 50

XPO Says GXO Spinoff Should Be Completed by Q3

GXO logo/XPO truck

XPO Logistics has moved up the potential timeline to complete a spinoff of its logistics operations into a separate company, and also has provided updated financial guidance that forecasts strong growth for the planned independent company.

Dan Ronan | Associate News Editor
June 9, 2021
Business, Technology, Top 50, Top 100

J.B. Hunt Boosts Supply Chain Inclusivity With $1 Million Scholarship Fund

J.B. Hunt

J.B. Hunt Transport Services and the University of Arkansas jointly endowed a $1 million scholarship fund June 2 to advance supply chain sustainability and inclusivity.

June 7, 2021
Business, Logistics, Top 50

XPO Logistics Announces SVP of Strategy for Spinoff GXO

XPO Logistics Inc. has appointed Angus Tweedie to be the senior vice president of strategy for its upcoming spinoff company GXO Logistics, the company announced May 19.

May 24, 2021

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