2021 Essential Revenue and Operating Information for the 50 Largest Global Freight Carriers
Up Front
Rankings
Top 50 Global Freight | Airport Data
Port Data: Pacific Northwest | California & Pacific Islands | North Atlantic | Mid-Atlantic & South Atlantic | Mexico & Central America | Gulf Coast | Caribbean | Great Lakes
| Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
|---|---|---|---|---|---|---|
| 1 | 2 | UPS Inc. |
USA | $72,593 | $84,628 | 85.8% |
| 2 | 1 | FedEx Corp. |
USA | $70,456 | $74,729 | 94.3% |
| 3 | 3 | China State Railway Group |
China | $46,357 | $164,346 | 28.2% |
| 4 | 4 | Maersk |
Denmark | $35,718 | $39,740 | 89.9% |
| 5 | 8 | Mediterranean Shipping Co |
Switzerland | $29,995 | $29,995 | 100.0% |
| 6 | 7 | Deutsche Post DHL |
Germany | $26,779 | $76,191 | 35.1% |
| 7 | 10 | Cosco Shipping Group |
China | $24,820 | $24,820 | 100.0% |
| 8 | 5 | CMA CGM |
France | $24,230 | $31,580 | 76.7% |
| 9 | 13 | SF Express |
China | $22,317 | $22,317 | 100.0% |
| 10 | 6 | Russian Railways |
Russia | $21,649 | $30,261 | 71.5% |
| 11 | 9 | BNSF Railway |
USA | $19,778 | $20,869 | 94.8% |
| 12 | 11 | Union Pacific |
USA | $19,533 | $19,533 | 100.0% |
| 13 | 12 | Indian Railways |
India | $15,740 | $18,618 | 84.5% |
| 14 | 14 | Hapag-Lloyd |
Germany | $14,567 | $14,567 | 100.0% |
| 15 | 16 | Yamato Holdings |
Japan | $13,523 | $15,274 | 88.5% |
| 16 | 23 | GeoPost Group |
France | $12,460 | $12,460 | 100.0% |
| 17 | 15 | Deutsche Bahn Group |
Germany | $12,357 | $45,508 | 27.2% |
| 18 | 17 | CSX Corp. |
USA | $10,538 | $10,538 | 100.0% |
| 19 | 19 | Canadian National |
Canada | $10,060 | $10,307 | 97.6% |
| 20 | 18 | Norfolk Southern |
USA | $9,789 | $9,789 | 100.0% |
| 21 | 22 | SG Holdings |
Japan | $9,702 | $11,806 | 82.2% |
| 22 | 20 | NYK Group |
Japan | $9,205 | $15,254 | 60.3% |
| 23 | 21 | Mitsui O.S.K Lines |
Japan | $8,721 | $9,556 | 91.3% |
| 24 | 24 | XPO |
USA | $8,156 | $16,252 | 50.2% |
| 25 | 25 | J.B. Hunt Transport Services |
USA | $8,022 | $9,637 | 83.2% |
| 26 | 28 | Evergreen Marine Corp. |
Taiwan | $6,565 | $7,029 | 93.4% |
| 27 | 26 | Kawasaki Kisen Kaisha Ltd. (K Line) |
Japan | $5,967 | $5,967 | 100.0% |
| 28 | 27 | Canadian Pacific Railway |
Canada | $5,624 | $5,750 | 97.8% |
| 29 | 31 | Hyundai Merchant Marine Co. |
South Korea | $5,438 | $5,438 | 100.0% |
| 30 | 35 | General Logistics Systems (Royal Mail) |
Netherlands | $5,183 | $5,183 | 100.0% |
| 31 | 48 | Qatar Airways |
Qatar | $5,071 | $8,062 | 62.9% |
| 32 | 40 | Emirates Group |
UAE | $4,657 | $8,230 | 56.6% |
| 33 | 30 | Yang Ming Marine Transport Co. |
Taiwan | $4,632 | $5,135 | 90.2% |
| 34 | 29 | Yellow Corp. |
USA | $4,513 | $4,513 | 100.0% |
| 35 | 32 | Knight-Swift Transportation |
USA | $4,177 | $4,674 | 89.4% |
| 36 | 33 | Old Dominion Freight Line |
USA | $4,015 | $4,015 | 100.0% |
| 37 | 39 | ZIM Integrated Shipping Services |
Israel | $3,992 | $3,992 | 100.0% |
| 38 | - | Korean Air |
South Korea | $3,605 | $6,280 | 57.4% |
| 39 | 41 | Cathay Pacific Airways |
Hong Kong | $3,596 | $6,051 | 59.4% |
| 40 | 37 | TFI International |
Canada | $3,542 | $3,782 | 93.6% |
| 41 | 44 | Toll Group (Japan Post) |
Australia | $3,503 | $7,112 | 49.3% |
| 42 | 36 | Schneider |
USA | $3,457 | $4,553 | 75.9% |
| 43 | 38 | Nippon Express |
Japan | $3,317 | $18,856 | 17.6% |
| 44 | - | Cargolux |
Luxembourg | $3,171 | $3,171 | 100.0% |
| 45 | 47 | Lufthansa Group |
Germany | $3,144 | $15,498 | 20.3% |
| 46 | 45 | Estes Express |
USA | $3,055 | $3,547 | 86.1% |
| 47 | 34 | Transnet Group |
South Africa | $2,995 | $3,770 | 79.5% |
| 48 | - | Wan Hai Lines |
Taiwan | $2,779 | $2,779 | 100.0% |
| 49 | - | Turkish Airlines |
Turkey | $2,722 | $6,734 | 40.4% |
| 50 | 43 | Kansas City Southern |
USA | $2,633 | $2,633 | 100.0% |
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
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Global Freight News
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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.
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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.
March 10, 2026How 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
