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
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U.S.-based Seko Logistics and DSV Group in Denmark have each made recent moves to increase their international e-commerce capabilities.

Daniel P. Bearth | Staff Writer
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Perdue Foods, Lineage Logistics Open Distribution Center in Georgia

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Perdue Foods announced the opening of a warehouse in Rincon, Ga., to support distribution of the company’s organic poultry products.

Dan Ronan | Senior Reporter
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Hub Group Finds Buyer for Mode Transportation

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Less than a month after saying it would explore strategic alternatives for Mode Transportation, Hub Group found a buyer to pay more than $200 million for its agent-based multimodal freight brokerage business.

Daniel P. Bearth | Staff Writer
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Business, Logistics, Top 50, TCA

Syfan Partners With Georgia College to Train Future Logistics Pros

Load-tracking technology at Syfan Logistics

Students learning about supply chain management and logistics at the University of North Georgia-Dahlonega campus are getting some insider training thanks to a new partnership with Syfan Logistics of Gainesville.

Joshua Silavent | The (Gainesville, Ga.) Times
September 4, 2018
Business, Logistics, Top 50

Americold Logistics Reports Improved Results in Second Quarter

Americold warehouse

Americold Logistics reported improved financial results for the second quarter with revenue from its temperature-controlled warehousing operations growing 2.8% and profit margins expanding by 150 basis points, or 1.5%, compared with the same period a year ago.

Daniel P. Bearth | Staff Writer
August 9, 2018
Business, Logistics, Top 100, Top 50

XPO Opens Final-Mile Distribution Hub in Toronto

XPO

XPO Logistics has expanded its home-delivery business in Canada with the opening of a 50,000-square-foot distribution hub in Toronto.

Dan Ronan | Senior Reporter
August 8, 2018
Business, Logistics, Top 50

Expeditors International Reports 2Q Earnings, Revenue

Expeditors

Air and ocean freight forwarder Expeditors International of Washington reported sharply higher profits and strong revenue growth in the second quarter of 2018.

Daniel P. Bearth | Staff Writer
August 7, 2018
Business, Logistics, Top 50

Pilot Freight Buys Manna, Expands Furniture Delivery

Pilot

Pilot Freight Services acquired Manna Freight Systems to expand its final-mile delivery and installation services of furniture and appliances. Terms of the deal were not released.

Dan Ronan | Senior Reporter
July 20, 2018
Business, Logistics, Top 50

Trucking Stocks Roll Steady as Investors Downshift on Market

USA Truck

Publicly traded trucking firms have seen record-setting freight in the first half of this year but their stock prices have lagged as cautious investors pulled back from a long-running bull market and an industry that can’t find enough drivers to haul its loads.

Burney Simpson | Staff Reporter
July 12, 2018

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