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 Yearsort descending Rank Last Year Company Headquarters Freight Revenue (Millions) Total Revenue (Millions) Freight Revenue Share
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 The Maersk Group Denmark $34,839 $38,890 89.6%
5 7 CMA CGM Group France $30,254 $30,254 100.0%
6 5 Russian Railways Russia $26,267 $38,618 68.0%
7 6 Deutsche Post DHL Group Germany $24,265 $70,940 34.2%
8 8 Mediterranean Shipping Co. Switzerland $24,002 $24,002 100.0%
9 10 BNSF Railway USA $22,328 $23,515 95.0%
10 12 COSCO Shipping Group China $21,787 $21,787 100.0%
11 9 Union Pacific Corp. USA $21,708 $21,708 100.0%
12 11 Indian Railways India $19,036 $26,991 70.5%
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%
16 16 Yamato Holdings Japan $12,517 $14,911 83.9%
17 17 CSX Corp. USA $11,937 $11,937 100.0%
18 19 Norfolk Southern Corp. USA $11,296 $11,296 100.0%
19 20 Canadian National Railway Canada $10,953 $11,241 97.4%
20 18 NYK Group Japan $10,210 $16,262 62.8%
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%
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%
26 24 Kawasaki Kisen Kaisha Ltd. (K Line) Japan $7,022 $7,022 100.0%
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 YRC Worldwide 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%
32 30 Knight-Swift Transportation USA $4,408 $4,844 91.0%
33 35 Old Dominion Freight Line USA $4,109 $4,109 100.0%
34 33 Transnet Group South Africa $4,083 $5,276 77.4%
35 36 General Logistics Systems Netherlands $4,034 $4,034 100.0%
36 34 Schneider USA $3,864 $4,747 81.4%
37 37 TFI International Canada $3,691 $3,902 94.6%
38 40 Nippon Express Japan $3,604 $19,305 18.7%
39 41 ZIM Integrated Shipping Services Israel $3,300 $3,300 100.0%
40 39 Emirates Group UAE $3,051 $24,774 12.3%
41 38 Cathay Pacific Airways Hong Kong $3,039 $13,653 22.3%
42 44 Wallenius Wilhelmsen Group Norway $2,998 $3,909 76.7%
43 49 Kansas City Southern USA $2,886 $2,886 100.0%
44 43 Toll Group Australia $2,870 $5,827 49.3%
45 46 Estes Express Lines USA $2,818 $3,254 86.6%
46 - Ukrainian Railways Ukraine $2,809 $3,502 80.2%
47 42 Lufthansa Group Germany $2,775 $41,061 6.8%
48 47 Qatar Airways Qatar $2,725 $14,033 19.4%
49 45 Pacific International Lines Singapore $2,639 $3,831 68.9%
50 - Kazakhstan Temir Zholy Kazakhstan $2,499 $2,974 84.0%
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

Schneider National Reports Increased Net Income in Q3

Schneider

Schneider National saw net income soar during the third quarter as demand surged, the company reported Oct. 29.

Connor D. Wolf | Staff Reporter
October 29, 2020
Business, Logistics, Top 50, Top 100

Werner Increases Net Income but Sees Lower Revenue in Q3

Werner Enterprises truck

Werner Enterprises posted mixed results as profits increased on lower revenue during the third quarter, the company announced Oct. 28.

Connor D. Wolf | Staff Reporter
October 29, 2020
Business, Equipment, Logistics, Top 50, Top 100

Ryder Reports Profit Increase; Record Set for Used Vehicle Sales in Q3

Ryder trucks and facility

Ryder System Inc. reported net income rose and revenue dipped in the third quarter, as it noted used vehicles sales set a record.

Roger Gilroy | Senior Reporter
October 28, 2020
Business, Technology, Equipment, Safety, Autonomous, Top 50

The Rise of the Warehouse Robot

XPO

The COVID-19 pandemic has accelerated the decline of brick-and-mortar retail establishments and accelerated e-commerce, creating a massive logistical challenge for warehouse and distribution center operators.

Jerry Hirsch | Contributing Writer
October 28, 2020
Business, Top 50, Top 100

UPS Produces Strong Q3 Earnings Amid E-Commerce Surge

UPS

UPS Inc. reported strong financial results in the third quarter as a surge in deliveries to businesses and homes lifted the Atlanta-based carrier through the three-month period.

Dan Ronan | Associate News Editor
October 28, 2020
Business, Logistics, Top 50, Top 100

Amazon, FedEx, UPS Boost US Warehouse Jobs Amid Online Boom

The warehousing and storage industry is one of the few sectors where employment is actually higher.

Warehouse operators across the U.S. are rushing to hire workers amid a boom in online sales, a bright spot for a labor market that faces mounting challenges.

Katia Dmitrieva | Bloomberg News
October 27, 2020
Business, Top 50, Top 100

U.S. Xpress Announces Strong Profit for Q3

U.S. Xpress

U.S. Xpress Enterprises posted increased earnings on a modest revenue gain during the third quarter, the fleet announced Oct. 22.

Connor D. Wolf | Staff Reporter
October 22, 2020
Business, Logistics, Top 50, Top 100

Landstar System Reports Net Income, Revenue Increase for Q3

Landstar truck

Landstar System Inc. saw net income reach $61.9 million during the third quarter of 2020, the company reported Oct. 21.

Connor D. Wolf | Staff Reporter
October 21, 2020
Business, Logistics, Top 50

Canadian National Reports Q3 Drop in Earnings, Revenue

CN Railway train

For the second consecutive quarter, Canadian National Railway felt the impact of the COVID-19 pandemic when the Class I, Montreal-based railroad announced third-quarter earnings Oct. 20.

Dan Ronan | Associate News Editor
October 21, 2020
Business, Logistics, Top 50, Top 100

J.B. Hunt Reports Year-Over-Year Rise in Q3 Earnings, Revenue

J.B. Hunt trucks

J.B. Hunt Transport Services posted increased earnings and revenue in the third quarter year-over-year, the carrier announced Oct. 16.

Connor D. Wolf | Staff Reporter
October 16, 2020

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