CSX Corp. announced fourth-quarter and year-end earnings that beat Wall Street analysts’ expectations after the markets closed Jan. 20.
January 21, 20222020 Top 50 Global Freight Carriers
2020 Essential Revenue and Operating Information for the 50 Largest Global Freight Carriers
Share
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) | Total Revenue (Millions) | Freight Revenue Share |
|---|---|---|---|---|---|---|
| 44 | 43 | Toll Group | Australia | $2,870 | $5,827 | 49.3% |
| 37 | 37 | TFI International | Canada | $3,691 | $3,902 | 94.6% |
| 19 | 20 | Canadian National Railway | Canada | $10,953 | $11,241 | 97.4% |
| 27 | 27 | Canadian Pacific Railway | Canada | $5,737 | $5,872 | 97.7% |
| 3 | 3 | China Railway Corp. | China | $44,468 | $163,536 | 27.2% |
| 10 | 12 | COSCO Shipping Group | China | $21,787 | $21,787 | 100.0% |
| 13 | 15 | SF Express | China | $16,050 | $16,050 | 100.0% |
| 4 | 4 | Maersk | Denmark | $34,839 | $38,890 | 89.6% |
| 5 | 7 | CMA CGM Group | France | $30,254 | $30,254 | 100.0% |
| 23 | 23 | GeoPost Group | France | $8,600 | $8,600 | 100.0% |
| 7 | 6 | Deutsche Post DHL Group | Germany | $24,265 | $70,940 | 34.2% |
| 14 | 14 | Hapag-Lloyd AG | Germany | $14,121 | $14,121 | 100.0% |
| 15 | 13 | Deutsche Bahn AG | Germany | $12,963 | $49,761 | 26.0% |
| 47 | 42 | Lufthansa Group | Germany | $2,775 | $41,061 | 6.8% |
| 41 | 38 | Cathay Pacific Airways | Hong Kong | $3,039 | $13,653 | 22.3% |
| 12 | 11 | Indian Railways | India | $19,036 | $26,991 | 70.5% |
| 39 | 41 | ZIM Integrated Shipping Services | Israel | $3,300 | $3,300 | 100.0% |
| 38 | 40 | Nippon Express | Japan | $3,604 | $19,305 | 18.7% |
| 16 | 16 | Yamato Holdings | Japan | $12,517 | $14,911 | 83.9% |
| 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% |
| 26 | 24 | Kawasaki Kisen Kaisha Ltd. (K Line) | Japan | $7,022 | $7,022 | 100.0% |
| 50 | - | Kazakhstan Temir Zholy | Kazakhstan | $2,499 | $2,974 | 84.0% |
| 35 | 36 | General Logistics Systems | Netherlands | $4,034 | $4,034 | 100.0% |
| 42 | 44 | Wallenius Wilhelmsen Group | Norway | $2,998 | $3,909 | 76.7% |
| 48 | 47 | Qatar Airways | Qatar | $2,725 | $14,033 | 19.4% |
| 6 | 5 | Russian Railways | Russia | $26,267 | $38,618 | 68.0% |
| 49 | 45 | Pacific International Lines | Singapore | $2,639 | $3,831 | 68.9% |
| 34 | 33 | Transnet Group | South Africa | $4,083 | $5,276 | 77.4% |
| 31 | 31 | Hyundai Merchant Marine Co. | South Korea | $4,729 | $4,729 | 100.0% |
| 8 | 8 | Mediterranean Shipping Co. | Switzerland | $24,002 | $24,002 | 100.0% |
| 28 | 28 | Evergreen Marine Corp. | Taiwan | $5,682 | $6,168 | 92.1% |
| 30 | 32 | Yang Ming Marine Transport Corp. | Taiwan | $4,828 | $4,828 | 100.0% |
| 40 | 39 | Emirates Group | UAE | $3,051 | $24,774 | 12.3% |
| 46 | - | Ukrainian Railways | Ukraine | $2,809 | $3,502 | 80.2% |
| 32 | 30 | Knight-Swift Transportation | USA | $4,408 | $4,844 | 91.0% |
| 1 | 1 | FedEx Corp. | USA | $64,690 | $69,189 | 93.5% |
| 33 | 35 | Old Dominion Freight Line | USA | $4,109 | $4,109 | 100.0% |
| 2 | 2 | UPS Inc. | USA | $63,978 | $74,094 | 86.3% |
| 36 | 34 | Schneider | USA | $3,864 | $4,747 | 81.4% |
| 9 | 10 | BNSF Railway | USA | $22,328 | $23,515 | 95.0% |
| 11 | 9 | Union Pacific Corp. | USA | $21,708 | $21,708 | 100.0% |
| 43 | 49 | Kansas City Southern | USA | $2,886 | $2,886 | 100.0% |
| 45 | 46 | Estes Express Lines | USA | $2,818 | $3,254 | 86.6% |
| 17 | 17 | CSX Corp. | USA | $11,937 | $11,937 | 100.0% |
| 18 | 19 | Norfolk Southern Corp. | USA | $11,296 | $11,296 | 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% |
| 29 | 29 | Yellow Corp. | USA | $4,871 | $4,871 | 100.0% |
About the Rankings...
Extras
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.
Learn more about Transport Topics’ Top 50 Global Freight Carriers publication.
FedEx and UPS face their biggest test yet amid e-commerce growth and early holiday shopping.
Top 50 News
Business, Logistics, Top 50 
XPO Logistics Port Truckers Seek to Unionize
Up to 250 XPO Logistics Inc. truckers who haul goods at Southern California ports and railyards are petitioning to unionize, hoping to convince federal authorities they’re really employees and not contractors as XPO claims.
January 19, 2022 Business, Logistics, Top 50, Top 100 
J.B. Hunt Reports Higher Profit, Revenue for Q4 2021
J.B. Hunt Transport Services on Jan. 18 announced higher earnings and revenue for the fourth quarter of 2021.
January 19, 2022 Business, Logistics, Top 50, Top 100 
XPO Announces Expansion of LTL Network
XPO Logistics is expanding its North American operations, adding to its LTL network two new terminals, four fleet maintenance shops and trailer manufacturing capacity, the company said Jan. 18.
January 19, 2022 Business, Logistics, Top 50 
Maersk Overtaken as World’s No. 1 Shipping Line by MSC
A.P. Moller-Maersk A/S is no longer the world’s largest container line. The Danish carrier has been overtaken by Mediterranean Shipping Co. in terms of capacity, according to data compiled by Alphaliner and published Jan . 5.
January 5, 2022 Business, Top 50, Top 100 
XPO Hosts Conference for Women in Leadership
XPO Logistics held its inaugural Women in Leadership Conference in Atlanta Nov. 17-19.
December 22, 2021 Business, Technology, Logistics, Top 50 
Lufthansa Warms to Airbus Freighter as It Plans Cargo-Fleet Expansion
Deutsche Lufthansa AG’s cargo division said it’s seeking more freighter planes to keep pace with booming global demand and that purchases could include Airbus SE’s new A350F model.
December 10, 2021 Business, Technology, Equipment, Top 50, Top 100 
Werner Enterprises Integrates With Decisiv to Expand Repair Network
Werner Enterprises is integrating Decisiv into its application programming interface to expand its repair network, the company announced Dec. 2.
December 6, 2021 Business, Top 50, Top 100 
Werner, TFI Bolster Operations With Acquisitions
Werner Enterprises and TFI International completed separate acquisitions Nov. 29 to bolster their operations.
December 1, 2021 Business, Logistics, Top 50 
Royal Mail Hands $540 Million to Investors on Parcel Windfall
Royal Mail Plc will return $540 million to shareholders, saying it’s increasingly confident that the online shopping boom spurring parcel deliveries will persist.
November 18, 2021Pages
Archives
2021
2020
2019
2018
2017
2016
2015