2020 Essential Revenue and Operating Information for the 50 Largest Global Freight Carriers
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.
Rankings
Rank This Year 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 Maersk 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 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 Yellow Corp. 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%
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.
Global Freight News
Government, Safety, Global Freight

Houthi Attacks Push Shipping Giants to Pause Red Sea Voyages

Attacks on merchant ships by Houthi militants near Yemen in the Red Sea have prompted trade disruption, with major vessel owners Maersk and Hapag-Lloyg halting trips through the area.

December 15, 2023
Government, Business, Global Freight, TCA

Cargo Workers Strike at Denver International Airport

Nearly 100 Swissport cargo workers at the Denver International Airport are on strike Dec. 11, protesting unsafe work conditions they say the company has been ignoring for more than a year.

Lauren Penington | The Denver Post
December 11, 2023
Business, Logistics, Global Freight

DHL Express Workers Strike at Cincinnati Air Cargo Hub

More than 1,100 unionized DHL Express workers walked off the job at Cincinnati/Northern Kentucky International Airport, a critical logistics hub for the package delivery company.

December 8, 2023
Government, Safety, Fuel, Global Freight, TCA

NTSB Calls for California Shipping Fix After 2021 Oil Spill

The National Transportation Safety Board wants changes in how containerships are anchored off Southern California to help prevent oil pipeline ruptures like the 2021 spill off Huntington Beach.

Grace Toohey | Los Angeles Times
December 6, 2023
Business, Technology, Autonomous, Global Freight

Pilotless FedEx, Reliable Robotics Plane Completes Flight

Reliable Robotics Corp. has flown a small cargo plane on loan from FedEx Corp. without a human on board, a step toward the autonomous flight startup winning regulatory approval.

Thomas Black | Bloomberg News
December 6, 2023
Government, Business, Fuel, Global Freight

Shipping Giants Want End Date for Fossil Fuel-Only Vessels

Europe’s biggest container lines want to phase out ships powered only by fossil fuels, they say in a proposal jointly made by Mediterranean Shipping Co., Maersk, CMA CGM and Hapag-Lloyd.

Jack Wittels and Tara Patel | Bloomberg News
December 1, 2023
Government, Fuel, Logistics, Global Freight

Greek Shipping Giant Warns Panama Canal Chaos May Hit Suez

Congestion at the Panama Canal could result in delays at Egypt’s Suez Canal, possibly affecting cargoes of liquefied natural gas, according to an official at Angelicoussis Group.

Anna Shiryaevskaya | Bloomberg News
November 29, 2023
Technology, Safety, Global Freight

DP World Says Some Personal Employee Data Stolen in Hack

DP World Plc said workers’ personal information was stolen in the November cyberattack on the port operator’s Australian business.

Angus Whitley | Bloomberg News
November 28, 2023
Government, Business, Global Freight

Shippers to Europe Facing $3.6 Billion Carbon Bill in 2024

Ships sailing to European ports face a combined carbon emissions bill of $3.6 billion next year, the start of a levy that’s likely to rise as Europe steps up efforts to combat climate change.

November 21, 2023
Business, Logistics, Global Freight

Major Shippers Don’t Predict Issues Meeting Holiday Demand

Carriers like the U.S. Postal Service, FedEx and UPS Inc. have capacity to meet projected demand this holiday season, which is cheery news for shippers and shoppers alike.

David Sharp | Associated Press
November 21, 2023
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