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
FedEx, Pilots Set Tentative Contract After 5 Years of Talks
FedEx pilots reached a tentative labor agreement with the parcel company, marking a significant step toward resolving nearly five years of negotiations.
April 8, 2026War Risk Rates Dip as Shipowners Eye Hormuz Passage
Shipowners are placing 鈥渉uge volume requests鈥 for insurance cover as they look to transit the Strait of Hormuz following the U.S.-Iran ceasefire deal.
April 8, 2026Strait of Hormuz Stays Blocked for Now
While shipowners and insurers lined up to welcome the ceasefire, they also warned that more details will be needed to determine if safe transit is possible.
April 8, 2026FedEx Freight Unit Projects 10% Profit Growth After Spinoff
FedEx has said it鈥檚 separating the freight and parcel operations to better focus on each business.
April 8, 2026Maersk Faces Arbitration Over Panama Port Takeover
A unit of Hong Kong鈥檚 CK Hutchison said that Maersk had undermined a contract over operations of ports at either end of the Panama Canal.
April 8, 2026Amazon Adds 3.5% Surcharge as War Drives Up Fuel Prices
Amazon鈥檚 fuel and logistics-related surcharge will apply to U.S. and Canadian sellers using its Fulfillment by Amazon option,聽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聽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聽snapping up聽very large crude carriers, giving it unprecedented control over a big share of the global fleet.
March 19, 2026Archives
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