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

Lineage Logistics Acquires Refrigerated Rail Company Cryo-Trans

Lineage Logistics.

Cold-storage specialist Lineage Logistics is branching into rail.

Gillian Tan | Bloomberg News
January 5, 2021
Business, Logistics, Top 50, Top 100

XPO Finishes Acquisition of Kuehne + Nagel’s European Logistics

XPO truck

XPO Logistics has completed its acquisition of the majority of Swiss firm Kuehne + Nagel’s European logistics, the company announced Jan. 4.

January 4, 2021
Business, Technology, Logistics, Top 50, Top 100

J.B. Hunt Adds Temperature-Controlled Services to Tech Platform

J.B. Hunt truck

J.B. Hunt Transport Services Inc. announced the availability of temperature-controlled transportation services within its Shipper 360 by J.B. Hunt technology platform.

December 18, 2020
Business, Logistics, Top 50, Top 100

FedEx Reports Record FY Q2 Net Sales of $20.5 Billion

FedEx truck

The global surge in e-commerce brought on by the coronavirus pandemic combined with online holiday shopping sent net quarterly sales for FedEx Corp. above $20 billion for the first time in its history, and led to an increase in net income as well, the company reported Dec. 17.

Dan Ronan | Senior Reporter
December 17, 2020
Government, Business, Safety, Logistics, Top 50, Top 100

FedEx, UPS Tell Senators of Vaccine Distribution Readiness

FedEx and UPS airplanes

Two of the country’s largest freight firms reassured federal lawmakers of their preparedness in helping to deliver COVID-19 vaccines as early as this month.

Eugene Mulero | Senior Reporter
December 8, 2020
Business, Equipment, Logistics, Top 50, Top 100

Penske Announces Fleet Upgrade Leasing Program

Penske Truck Leasing

Penske Truck Leasing launched a program that lets carriers sell their old trucks so they can lease a new one, the company announced Dec. 7.

December 7, 2020
Business, Logistics, Breaking News, Top 50, Top 100

XPO Logistics Plans to Split Into Two Companies

An XPO Logistics truck

XPO Logistics Inc. plans to split into two by spinning off its logistics business in a tax-free transaction that will create a separate publicly traded company.

Jerry Hirsch | Contributing Writer
December 2, 2020
Business, Logistics, Top 50, Top 100

FedEx to Buy ShopRunner in E-Commerce Push

A FedEx employee carries a box before loading into a van at a coronavirus testing facility in New Jersey.

FedEx Corp. has agreed to acquire ShopRunner, an e-commerce service that provides shipping for more than 100 brands, as the courier seeks to deepen its ties with online shoppers.

Thomas Black | Bloomberg News
December 2, 2020
Business, Logistics, Top 50, Top 100

Penske Logistics to Acquire Black Horse Carriers

Black Horse Carriers Penske electric truck

Penske Logistics announced it reached an agreement to acquire Chicago-based trucking company Black Horse Carriers Inc.

Roger Gilroy | Senior Reporter
December 2, 2020
Business, Logistics, Top 50, Top 100

Coronavirus Likely Altered Supply Chains Permanently, XPO’s Chowdhury Says

XPO truck

Supply chains have changed dramatically to adapt to the coronavirus, but many of those changes may outlast the pandemic.

Connor D. Wolf | Staff Reporter
December 2, 2020

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