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
Business, Logistics, Global Freight

Union Pacific Puts Shipping Limits on Hold

Union Pacific says it will stop imposing temporary limits on certain businesses’ shipments while it reviews the policy that federal regulators and shippers criticized at a hearing in mid-December.

Josh Funk | Associated Press
December 19, 2022
Business, Logistics, Global Freight

Union Pacific’s Embargoes Generate Complaints From Shippers

Federal regulators and shippers are questioning Union Pacific’s decision to temporarily limit some businesses’ shipments as part of its effort to clear up congestion across the railroad.

Josh Funk | Associated Press
December 15, 2022
Government, Business, Logistics, Global Freight

Shippers Decry ‘Notoriously Difficult’ Railroads at Hearing

Shippers urged the U.S. railroad regulator to create more competition in the industry during hearings in which Union Pacific Corp. was called to explain a spike in service restrictions.

Thomas Black | Bloomberg News
December 13, 2022
Government, Business, Logistics, Global Freight

Global Trade Surges to $32 Trillion Record in 2022, U.N. Says

The value of global trade is set to reach a new record this year, increasing by about 12% to an estimated $32 trillion, according to a U.N. report that signaled a slowdown heading into 2023.

Bryce Baschuk | Bloomberg News
December 13, 2022
Business, Logistics, Global Freight

Maersk CEO Soren Skou Leaves, Will Be Replaced by Vincent Clerc

A.P. Moller-Maersk A/S CEO Soren Skou will step down and will be replaced by Vincent Clerc, the current head of the transport giant’s ocean and logistics business.

Christian Wienberg | Bloomberg News
December 12, 2022
Government, Business, Logistics, Global Freight

Consumers Enjoy Tentative Relief as Supply Chains Unclog

The supply backlogs of the past two years — and the delays, shortages and outrageous prices that came with them — have improved dramatically since summer.

Tom Krisher and Paul Wiseman | Associated Press
December 7, 2022
Government, Business, Equipment, Logistics, Global Freight

Savannah Port Terminal to Get $410 Million Upgrade Amid Big Growth

The Port of Savannah plans a $410 million overhaul of one of its sprawling terminals to make room for loading and unloading larger ships while focusing its business almost exclusively on cargo shipped in containers.

Russ Bynum | Associated Press
December 5, 2022
Business, Logistics, Global Freight, Top 50

3PLs Make Debut on Global Freight 50

While the worst of the global supply chain snarls brought on by the COVID-19 pandemic now appear to be in the rearview mirror, it’s still not business as usual for international freight.

Seth Clevenger | Managing Editor, Features and Multimedia
November 30, 2022
Government, Business, Technology, Logistics, Global Freight

Shipping Prices Fall in Inventory Glut, Upping Broker Deals

U.S. trucking is entering a tumultuous period that will likely reshape the $875 billion industry. Shipping rates that spiked during disruptions caused by the pandemic have plummeted as inventory gluts across the U.S. lowered demand.

Thomas Black | Bloomberg News
November 28, 2022
Business, Logistics, Global Freight, TCA

Federal Maritime Commissioners Praise Growth at Port of Mobile

Two members of the Federal Maritime Commission praised the growth, diversity and import-export balance of the Port of Mobile during a visit on Nov. 16.

Lawrence Specker | Alabama Media Group
November 17, 2022
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