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 ascending Company Headquarters Freight Revenue (Millions) Total Revenue (Millions) Freight Revenue Share
43 49 Kansas City Southern USA $2,886 $2,886 100.0%
48 47 Qatar Airways Qatar $2,725 $14,033 19.4%
45 46 Estes Express Lines USA $2,818 $3,254 86.6%
49 45 Pacific International Lines Singapore $2,639 $3,831 68.9%
42 44 Wallenius Wilhelmsen Group Norway $2,998 $3,909 76.7%
44 43 Toll Group Australia $2,870 $5,827 49.3%
47 42 Lufthansa Group Germany $2,775 $41,061 6.8%
39 41 ZIM Integrated Shipping Services Israel $3,300 $3,300 100.0%
38 40 Nippon Express Japan $3,604 $19,305 18.7%
40 39 Emirates Group UAE $3,051 $24,774 12.3%
41 38 Cathay Pacific Airways Hong Kong $3,039 $13,653 22.3%
37 37 TFI International Canada $3,691 $3,902 94.6%
35 36 General Logistics Systems Netherlands $4,034 $4,034 100.0%
33 35 Old Dominion Freight Line USA $4,109 $4,109 100.0%
36 34 Schneider USA $3,864 $4,747 81.4%
34 33 Transnet Group South Africa $4,083 $5,276 77.4%
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%
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%
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%
26 24 Kawasaki Kisen Kaisha Ltd. (K Line) Japan $7,022 $7,022 100.0%
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%
19 20 Canadian National Railway Canada $10,953 $11,241 97.4%
18 19 Norfolk Southern Corp. USA $11,296 $11,296 100.0%
20 18 NYK Group Japan $10,210 $16,262 62.8%
17 17 CSX Corp. USA $11,937 $11,937 100.0%
16 16 Yamato Holdings Japan $12,517 $14,911 83.9%
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%
10 12 COSCO Shipping Group China $21,787 $21,787 100.0%
12 11 Indian Railways India $19,036 $26,991 70.5%
9 10 BNSF Railway USA $22,328 $23,515 95.0%
11 9 Union Pacific Corp. USA $21,708 $21,708 100.0%
8 8 Mediterranean Shipping Co. Switzerland $24,002 $24,002 100.0%
5 7 CMA CGM Group France $30,254 $30,254 100.0%
7 6 Deutsche Post DHL Group Germany $24,265 $70,940 34.2%
6 5 Russian Railways Russia $26,267 $38,618 68.0%
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%
50 - Kazakhstan Temir Zholy Kazakhstan $2,499 $2,974 84.0%
46 - Ukrainian Railways Ukraine $2,809 $3,502 80.2%
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, Technology, Logistics, Top 50

GlobalTranz Acquires Global Freight Solutions

GlobalTranz acquired Global Freight Solutions.

Logistics company GlobalTranz Enterprises Inc. announced the acquisition of Chicago-based Global Freight Solutions, a freight brokerage and logistics company.

October 18, 2019
Business, Top 50, Top 100

J.B. Hunt’s Net Income Rises but Misses Earnings Expectations

J.B. Hunt earnings

J.B. Hunt Transport Services Inc. saw net income rise for the period ended Sept. 30, but the Lowell, Ark.-based carrier missed Wall Street earnings expectations.

Dan Ronan | Associate News Editor
October 17, 2019
Business, Logistics, Top 50, Top 100

CEO Brad Jacobs Looks to Grow XPO, According to Analysts

Bradley Jacobs

Brad Jacobs built XPO Logistics through aggressive mergers and acquisitions over the past eight years, only to cool to purchasing other companies. The high-profile CEO now appears to be back in acquisition mode.

Dan Ronan | Associate News Editor
October 2, 2019
Business, Logistics, Top 50, Top 100

DHL Express Announces 2020 Rates

DHL truck

DHL Express is the latest company to announce it is raising rates effective Jan. 1.

September 30, 2019
Business, Logistics, Top 50, TCA

Kenco Logistics Adds Fifth California Warehouse

Kenco truck

Kenco Logistics, North America’s biggest privately owned third-party logistics provider, has opened another warehouse to serve the Los Angeles market in Perris, Calif.

Dave Flessner | Chattanooga (Tenn.) Times Free Press
September 13, 2019
Business, Logistics, Top 50

Hub Group Reports Record Earnings Per Share for 2Q

Hub Group

Hub Group announced net income of $29.2 million, or earnings per share of 87 cents, for the second quarter ended June 30, according to an earnings release.

Jim Stinson | Staff Reporter
July 30, 2019
Business, Top 50

Universal Logistics Reports 12.9% Increase in Net Income for 2Q

Universal Logistics

Universal Logistics Holdings Inc. reported net income of $20 million for its quarter ending June 29, a 12.9% increase over the same quarter last year.

Jim Stinson | Staff Reporter
July 25, 2019
Business, Top 50, Top 100

J.B. Hunt Reports Mixed 2Q Results

J.B. Hunt

J.B. Hunt Transport Services Inc. reported net income fell and revenue increased in the second quarter amid mixed results in its business units.

Roger Gilroy | Senior Reporter
July 16, 2019
Government, Business, Logistics, Top 50, Top 100

FedEx Lobs New Attack on Trade Limits as China Threat Looms

FedEx

FedEx Corp. has fired a new weapon in the simmering U.S.-China trade war, suing the Trump administration to block enforcement of trade restrictions that had placed the company in Beijing’s crosshairs.

Thomas Black | Bloomberg News
June 25, 2019
Business, Logistics, Top 50

Fidelitone Expands Fulfillment Service With Purchase of Remar

Fidelitone, a Wauconda, Ill.-based warehousing and distribution firm, is expanding its order fulfillment services with the purchase of Remar Inc., the company announced June 5.

June 17, 2019

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