2020 Top 50 Global Freight

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 $163,53 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

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USPS 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, 2026
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Amazon 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, 2026
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Cosco 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, 2026
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MSC 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, 2026
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Elliott 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, 2026
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Amazon 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, 2026
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Amazon 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, 2026
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Cosco 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, 2026
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Amazon 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.

March 10, 2026
GovernmentBusinessFuelLogisticsGlobal Freight

How the Iran War Is Affecting Diesel and Gasoline Prices

Nearly all goods — including food — that are bought and sold must travel from where they’re produced. Those costs will climb with higher gasoline, diesel and jet fuel prices.

March 10, 2026

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