Up Front
Rankings
| Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
|---|---|---|---|---|---|---|
| 1 | 1 | FedEx Logistics |
United States | $57,198 | $62,335 | 91.8% |
| 2 | 2 | UPS Inc. |
United States | $57,100 | $65,872 | 86.7% |
| 3 | 3 | China Railway Corp. |
China | $39,395 | $150,274 | 26.2% |
| 4 | 4 | Maersk |
Denmark | $29,096 | $30,945 | 94% |
| 5 | 5 | Russian Railways |
Russia | $26,285 | $38,594 | 68.1% |
| 6 | 6 | Deutsche Post DHL Group |
Germany | $21,915 | $68,271 | 32.1% |
| 7 | 9 | Mediterranean Shipping Co. |
Switzerland | $21,428 | $21,428 | 100% |
| 8 | 7 | Union Pacific Corp. |
United States | $21,240 | $21,240 | 100% |
| 9 | 10 | CMA CGM Group |
France | $21,116 | $21,116 | 100% |
| 10 | 8 | BNSF Railway |
United States | $20,406 | $21,387 | 95.4% |
| 11 | 11 | Indian Railways |
India | $17,948 | $25,311 | 64.8% |
| 12 | 13 | Mitsui O.S.K. Lines |
Japan | $13,958 | $14,830 | 94.1% |
| 13 | 12 | NYK Group |
Japan | $13,869 | $19,903 | 69.7% |
| 14 | 18 | Cosco Shipping Group |
China | $13,378 | $13,378 | 100% |
| 15 | 14 | Deutsche Bahn AG |
Germany | $12,578 | $48,234 | 26.1% |
| 16 | 17 | CSX Corp. |
United States | $11,408 | $11,408 | 100% |
| 17 | 15 | Hapag-Lloyd AG |
Germany | $11,264 | $11,264 | 100% |
| 18 | 16 | Yamato Holdings |
Japan | $11,190 | $15,459 | 72% |
| 19 | 19 | Norfolk Southern Corp. |
United States | $10,551 | $10,551 | 100% |
| 20 | 22 | SF Express |
China | $10,522 | $10,522 | 100% |
| 21 | 20 | Kawasaki Kisen Kaisha Ltd. (K Line) |
Japan | $10,166 | $10,166 | 100% |
| 22 | 21 | Canadian National Railway |
Canada | $9,766 | $10,054 | 97% |
| 23 | 23 | XPO |
United States | $7,516 | $15,381 | 48.9% |
| 24 | 25 | GeoPost Group |
France | $7,350 | $7,699 | 95.5% |
| 25 | 24 | SG Holdings |
Japan | $7,302 | $9,003 | 81.1% |
| 26 | 27 | J.B. Hunt Transport Services |
United States | $6,181 | $7,190 | 86% |
| 27 | 28 | Orient Overseas (International) Ltd. |
Hong Kong | $6,108 | $6,108 | 100% |
| 28 | 30 | Canadian Pacific Railway |
Canada | $4,915 | $5,053 | 97.3% |
| 29 | 29 | Yellow Corp. |
United States | $4,891 | $4,891 | 100% |
| 30 | 32 | Knight-Swift Transportation |
United States | $4,634 | $5,186 | 89.4% |
| 31 | 35 | Evergreen Marine Corp. |
Taiwan | $4,444 | $4,947 | 88.9% |
| 32 | 31 | Hyundai Merchant Marine Co. |
South Korea | $4,438 | $4,438 | 100% |
| 33 | 33 | Yang Ming Marine Transport Corp. |
Taiwan | $4,303 | $4,303 | 100% |
| 34 | 34 | Transnet Group |
South Africa | $3,775 | $4,918 | 76.8% |
| 35 | 36 | Schneider |
United States | $3,647 | $4,384 | 83.2% |
| 36 | 40 | TFI International |
Canada | $3,460 | $3,655 | 94.7% |
| 37 | 39 | Emirates Group |
United Arab Emirates | $3,386 | $24,831 | 13.6% |
| 38 | 38 | Old Dominion Freight Line |
United States | $3,358 | $3,358 | 100% |
| 39 | 37 | Nippon Express |
Japan | $3,117 | $17,798 | 17.5% |
| 40 | 43 | Cathay Pacific Airways |
Hong Kong | $3,067 | $12,483 | 24.6% |
| 41 | 41 | Toll Group |
Australia | $3,023 | $6,282 | 48.1% |
| 42 | 44 | ZIM Integrated Shipping Services |
Israel | $2,978 | $2,978 | 100% |
| 43 | 46 | Lufthansa Group |
Germany | $2,851 | $40,186 | 7.1% |
| 44 | 38 | Pacific International Lines |
Singapore | $2,616 | $3,798 | 68.9% |
| 45 | 45 | Kansas City Southern |
United States | $2,583 | $2,583 | 100% |
| 46 | 48 | Estes Express Lines |
United States | $2,476 | $2,746 | 90.2% |
| 47 | 50 | Korean Air |
South Korea | $2,473 | $10,387 | 23.8% |
| 48 | 42 | Aurizon |
Australia | $2,409 | $2,409 | 100% |
| 49 | - | Wallenius Wilhelmsen Group |
Norway | $2,404 | $3,024 | 79.5% |
| 50 | - | Kazakhstan Temir Zholy |
Kazakhstan | $2,349 | $2,785 | 84.3% |
Top 50 Global Freight Companies
Revenue from acquired companies only included for period after close of acquisition. All revenue figures have been converted to U.S. dollars based on the average exchange rate in the appropriate calendar year.
Sources: Company reports and SJ Consulting Group Inc. estimates
To be included in the Top 50 list, please send contact information to tteditor@ttnews.com. We will contact you via phone or e-mail to get information about your company prior to publication of the next Top 50 list.
Extras
Global Freight News
Amazon Adds 3.5% Surcharge as War Drives Up Fuel Prices
Amazon’s fuel and logistics-related surcharge will apply to U.S. and Canadian sellers using its Fulfillment by Amazon option, effective April 17.
April 3, 2026USPS Plans First Fuel Surcharge as Oil Prices Spike
USPS will impose a surcharge to offset rising fuel costs, sources said, a sign that the beleaguered mail carrier is feeling the strain of higher oil prices.
March 25, 2026Amazon Buys Fauna Robotics in Push Toward Consumer Humanoids
Amazon.com acquired New York-based startup Fauna Robotics, becoming the latest technology giant to step into the burgeoning consumer humanoid market.
March 25, 2026Cosco Shipping Warns of Uncertainties as Iran War Escalates
Ongoing tensions in the Middle East are amplifying volatility in global supply chains, Cosco said.
March 19, 2026MSC Buys Stake in South Korean Tanker Giant Sinokor
Sinokor has been snapping up very large crude carriers, giving it unprecedented control over a big share of the global fleet.
March 19, 2026Elliott Takes Stake in Japanese Shipper Mitsui OSK Lines
Reuters reported the that Elliott had taken the holding in an effort to urge Mitsui to review its real estate portfolio.
March 18, 2026Amazon Offers 1-Hour and 3-Hour Deliveries for Extra Charge
The Seattle-based company said it started testing the express delivery service late last year and expanding it this month.
March 17, 2026Amazon Moves Prime Day Into June From July
Amazon is moving up its annual Prime Day sale to June from July, according to sources, shifting the schedule for an event that’s become a big part of the e-commerce economy.
March 12, 2026Cosco Halts Panama Port Operations as Tensions Rise
Beijing warned of a “heavy price” for the Central American country’s forced takeover of the facility from Hong Kong conglomerate CK Hutchison.
March 11, 2026Amazon Raises $37B From US Bond Sale That Could Hit $50B
Amazon’s deal is the latest in a series of jumbo bond sales by hyperscalers as they plan to invest hundreds of billions of dollars in AI infrastructure. Investors have so far been eager buyers.
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