2021 Top 50 Global Freight

2021 Essential Revenue and Operating Information for the 50 Largest Global Freight Carriers

Up Front

After once-in-a-lifetime pandemic, supply chains are adjusting to new normal.
Global supply chain, so often taken for granted, becomes cause for worldwide concern.
Find out where the Top 50 Global Freight Carriers are based.

Rankings

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%

Extras

Ports and airports across North America are clamoring to stay ahead of cargo backlogs and shipment load.

If your company appears in the 2021 list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.

Learn more about Transport Topics’ Top 50 Global Freight Carriers publication.

Global Freight News

GovernmentBusinessFuelLogisticsGlobal Freight

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
BusinessTechnologyLogisticsGlobal FreightPrivateTop 50Top 100

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
BusinessFuelLogisticsGlobal Freight

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
BusinessLogisticsGlobal Freight

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
BusinessTechnologyLogisticsGlobal FreightPrivate

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
BusinessTechnologyLogisticsGlobal FreightPrivateTop 50Top 100

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
GovernmentBusinessSafetyLogisticsGlobal Freight

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
BusinessLogisticsGlobal FreightPrivate

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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