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 Yearsort descending Company Headquarters Freight Revenue (Millions) Total Revenue (Millions) Freight Revenue Share
50 - Kazakhstan Temir Zholy Kazakhstan $2,499 $2,974 84.0%
46 - Ukrainian Railways Ukraine $2,809 $3,502 80.2%
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%
6 5 Russian Railways Russia $26,267 $38,618 68.0%
7 6 Deutsche Post DHL Group Germany $24,265 $70,940 34.2%
5 7 CMA CGM Group France $30,254 $30,254 100.0%
8 8 Mediterranean Shipping Co. Switzerland $24,002 $24,002 100.0%
11 9 Union Pacific Corp. USA $21,708 $21,708 100.0%
9 10 BNSF Railway USA $22,328 $23,515 95.0%
12 11 Indian Railways India $19,036 $26,991 70.5%
10 12 COSCO Shipping Group China $21,787 $21,787 100.0%
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%
16 16 Yamato Holdings Japan $12,517 $14,911 83.9%
17 17 CSX Corp. USA $11,937 $11,937 100.0%
20 18 NYK Group Japan $10,210 $16,262 62.8%
18 19 Norfolk Southern Corp. USA $11,296 $11,296 100.0%
19 20 Canadian National Railway Canada $10,953 $11,241 97.4%
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%
26 24 Kawasaki Kisen Kaisha Ltd. (K Line) Japan $7,022 $7,022 100.0%
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%
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%
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%
34 33 Transnet Group South Africa $4,083 $5,276 77.4%
36 34 Schneider USA $3,864 $4,747 81.4%
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%
37 37 TFI International Canada $3,691 $3,902 94.6%
41 38 Cathay Pacific Airways Hong Kong $3,039 $13,653 22.3%
40 39 Emirates Group UAE $3,051 $24,774 12.3%
38 40 Nippon Express Japan $3,604 $19,305 18.7%
39 41 ZIM Integrated Shipping Services Israel $3,300 $3,300 100.0%
47 42 Lufthansa Group Germany $2,775 $41,061 6.8%
44 43 Toll Group Australia $2,870 $5,827 49.3%
42 44 Wallenius Wilhelmsen Group Norway $2,998 $3,909 76.7%
49 45 Pacific International Lines Singapore $2,639 $3,831 68.9%
45 46 Estes Express Lines USA $2,818 $3,254 86.6%
48 47 Qatar Airways Qatar $2,725 $14,033 19.4%
43 49 Kansas City Southern USA $2,886 $2,886 100.0%
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, Logistics, Top 50

DHL Supply Chain Expands Network for Distribution of Health Care Products

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DHL Supply Chain will spend $150 million to expand its network for distributing pharmaceuticals and medical devices.

June 14, 2019
Business, Logistics, Top 50, Top 100

XPO Shareholders Vote Down Teamster Plan to Split CEO, Chairman Roles

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A union proposal to separate the CEO and chairman positions at XPO Logistics Inc. was defeated in a May 15 vote by the company’s shareholders, who instead extended the chairmanship of XPO’s current leader.

Dan Ronan | Senior Reporter
May 21, 2019
Business, Technology, Equipment, Safety, Autonomous, Top 50, Top 100

Penske Joins Autonomous Vehicle Coalition PAVE

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Penske Truck Leasing has joined Partners for Automated Vehicle Education, a coalition of industry leaders that seeks to educate and assure the public about automated vehicles, according to a news release from the two organizations.

Jim Stinson | Staff Reporter
May 14, 2019
Business, Logistics, Top 50

Americold Reports Revenue Rises 0.5% to $393.1 Million in 1Q

Americold signage

Americold Realty Trust, one of the world’s largest companies focused on temperature-controlled warehouses, on May 7 reported revenue rose in the first quarter ending March 31.

Jim Stinson | Staff Reporter
May 9, 2019
Business, Logistics, Top 50

C.H. Robinson Beats Wall Street Expectations With 1Q Earnings

C.H. Robinson sign

Freight broker and produce distributor C.H. Robinson Worldwide beat Wall Street profit expectations, even as it saw first-quarter total revenue decline 4.4% to $3.75 billion compared with $3.92 billion in the first quarter of 2018.

Dan Ronan | Senior Reporter
May 1, 2019
Business, Logistics, Top 50

Americold Agrees to Acquire Cloverleaf Cold Storage

Americold signage

Americold Logistics has agreed to buy Cloverleaf Cold Storage for $1.24 billion, a move that ramps up a trend toward consolidation in the refrigerated warehousing sector.

Daniel P. Bearth | Staff Writer
April 16, 2019
Business, Logistics, Top 50

About Us: Transport Topics' Top 50 Logistics Companies

The Transport Topics’ Top 50 Logistics Companies is a listing of the largest logistics companies in North America.

April 8, 2019
Business, Technology, Logistics, Top 50

How Consolidation and Freight Networks Are Disrupting the Logistics Landscape

Logistics companies are employing new business strategies to adapt to an ever-changing market.

Daniel P. Bearth | Senior Staff Writer
April 8, 2019
Business, Logistics, Top 50

Is Amazon a Logistics Company? All Signs Point to That

Amazon Warehouse

Should Amazon.com be considered one of the largest logistics companies in North America? The answer, according to most industry observers, is yes. And how big is that business? That question, unfortunately, can’t be answered definitively, at least not yet.

Daniel P. Bearth | Senior Staff Writer
April 8, 2019
Business, Logistics, Top 50

2018 Was a Year of Extraordinary Growth for 3PLs

C.H. Robinson truck

The two main drivers of growth for logistics companies in 2018 were an inventory buildup to beat tariffs and solid expansion in the domestic economy.

Evan Armstrong | President of Armstrong & Associates Inc.
April 8, 2019

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