Up Front
Rankings
| Rank This Year | Rank Last Year | Company | Headquarters | Freight Revenue (Millions) | Total Revenue (Millions) | Freight Revenue Share |
|---|---|---|---|---|---|---|
| 1 | 1 | FedEx Corp. | United States | $55,684 | $60,319 | 93.3% |
| 2 | 2 | UPS Inc. | United States | $53,387 | $60,906 | 87.7% |
| 3 | 3 | China Railway Corp. | China | $32,445 | $136,680 | 23.7% |
| 4 | 4 | Maersk | Denmark | $26,410 | $36,408 | 72.5% |
| 5 | 6 | Russian Railways | Russia | $20,863 | $31,957 | 65.3% |
| 6 | 9 | Deutsche Post DHL Group | Germany | $20,260 | $63,460 | 31.9% |
| 7 | 5 | Union Pacific Corp. | United States | $19,941 | $19,941 | 100.0% |
| 8 | 8 | BNSF Railway | United States | $18,921 | $19,829 | 95.4% |
| 9 | 10 | Mediterranean Shipping Co. | Switzerland | $17,675 | $17,675 | 100.0% |
| 10 | 7 | CMA CGM Group | France | $15,977 | $15,977 | 100.0% |
| 11 | 11 | Indian Railways | India | $15,929 | $24,574 | 64.8% |
| 12 | 13 | NYK Group | Japan | $12,789 | $18,395 | 69.5% |
| 13 | 14 | Mitsui O.S.K Lines | Japan | $12,731 | $13,607 | 93.6% |
| 14 | 16 | Deutsche Bahn AG | Germany | $12,085 | $44,912 | 26.9% |
| 15 | 15 | Hapag-Lloyd AG | Germany | $11,662 | $11,662 | 100.0% |
| 16 | 20 | Yamato Group | Japan | $11,136 | $16,881 | 66.0% |
| 17 | 17 | CSX Corp. | United States | $11,069 | $11,069 | 100.0% |
| 18 | 12 | Cosco Shipping Group | China | $10,518 | $10,518 | 100.0% |
| 19 | 19 | Norfolk Southern Corp. | United States | $9,888 | $9,888 | 100.0% |
| 20 | 18 | Kawasaki Kisen Kaisha Ltd. (K Line) | Japan | $9,465 | $9,465 | 100.0% |
| 21 | 21 | Canadian National Railway | Canada | $8,689 | $8,953 | 97.0% |
| 22 | 22 | SF Express | China | $8,585 | $8,585 | 100.0% |
| 23 | 30 | XPO | United States | $7,388 | $14,619 | 50.5% |
| 24 | 25 | SG Holdings Group | Japan | $7,142 | $8,858 | 80.6% |
| 25 | 26 | GeoPost Group | France | $6,583 | $6,825 | 96.5% |
| 26 | 24 | Hamburg Süd Group | Germany | $6,234 | $6,234 | 100.0% |
| 27 | 28 | J.B. Hunt Transport Services | United States | $5,717 | $6,555 | 87.2% |
| 28 | 27 | Orient Overseas International | Hong Kong | $5,298 | $5,298 | 100.0% |
| 29 | 32 | Yellow Corp. | United States | $4,698 | $4,698 | 100.0% |
| 30 | 29 | Canadian Pacific Railway | Canada | $4,508 | $4,636 | 97.2% |
| 31 | 31 | Hyundai Merchant Marine Co. | South Korea | $3,749 | $3,749 | 100.0% |
| 32 | 34 | Swift Transportation | United States | $3,721 | $4,032 | 92.3% |
| 33 | 33 | Yang Ming Marine Transport Corp. | Taiwan | $3,579 | $3,579 | 100.0% |
| 34 | 36 | Transnet Group | South Africa | $3,426 | $4,464 | 76.8% |
| 35 | 35 | Evergreen Marine Corp. | Taiwan | $3,412 | $3,836 | 88.9% |
| 36 | 37 | Schneider | United States | $3,383 | $4,046 | 83.6% |
| 37 | 46 | Nippon Express | Japan | $2,993 | $17,092 | 18.3% |
| 38 | 44 | Old Dominion Freight Line | United States | $2,992 | $2,992 | 100.0% |
| 39 | 40 | Emirates Group | United Arab Emirates | $2,884 | $22,799 | 12.6% |
| 40 | 41 | TFI International | Canada | $2,857 | $2,994 | 95.4% |
| 41 | 39 | Toll Group | Australia | $2,838 | $5,898 | 48.1% |
| 42 | 47 | Aurizon | Australia | $2,588 | $2,588 | 100.0% |
| 43 | 43 | Cathay Pacific Airways | Hong Kong | $2,584 | $11,946 | 21.6% |
| 44 | 42 | ZIM Integrated Shipping Services | Israel | $2,540 | $2,540 | 100.0% |
| 45 | - | Kansas City Southern | United States | $2,334 | $2,334 | 100.0% |
| 46 | 48 | Lufthansa Group | Germany | $2,307 | $35,043 | 6.6% |
| 47 | 38 | Pacific International Lines | Singapore | $2,194 | $3,184 | 68.9% |
| 48 | - | Estes Express Lines | United States | $2,155 | $2,397 | 89.9% |
| 49 | - | Ukrainian Railways | Ukraine | $2,131 | $2,605 | 81.8% |
| 50 | 49 | Korean Air | South Korea | $2,107 | $9,918 | 21.2% |
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
Learn more about Transport Topics' Top 50 Global Freight Carriers Publication
If your company appears in the 2017 list, you have a few ways to announce it! Visit our logo library to get web- and print-ready graphics.
Global Freight News
Amazon Revamps AI Agent for Online Sellers Hit by Trade War
The souped-up Seller Assistant is designed to predict demand and manage inventory in a holiday shopping season clouded by the trade war.
September 17, 2025Amazon Tests GM BrightDrop EV Delivery Vans
The pilot, though modest — about 12 vehicles — places the GM vans among a fleet that includes vehicles built by Ford, Mercedes-Benz, Stellantis and Rivian.
September 12, 2025FTC Investigates Amazon, Google Over Advertising Practices
The investigations focus on whether the companies properly disclosed the terms and pricing for ads, Bloomberg reports.
September 12, 2025More Than 60 Containers Fall Off Ship at Port of Long Beach
It isn’t clear what was in the containers, though local reports said shoes and clothing were seen floating in the water, and some containers appeared to have sunk.
September 10, 2025Amazon Buys Stake in Latin American Delivery Startup Rappi
Amazon has taken a stake in Colombian delivery company Rappi, a partnership that pairs Amazon's retail and technology infrastructure with one of Latin America’s best-known last-mile companies.
September 8, 2025De Minimis Tariff Exemption Ends, Roiling E-Commerce
Now small parcels that used to let inexpensive items flow easily from across the rest of the globe will get hit with a tariff and customs forms, too.
August 29, 2025Consumers to Feel Tariff Pain as Small Parcel Exemption Ends
President Donald Trump’s decision to scrap the policy means that surprise bills will increasingly accompany deliveries that have become a staple of modern life for many consumers.
August 28, 2025UPS Outsources Weather Forecasting Operation
The company has also shifted its technology support functions in recent months to third-party tech vendors.
August 27, 2025Walmart Adds Next-Day Shipping in Key Cities
Walmart's fulfillment service, which stores and ships products for third-party marketplace sellers, will provide next-day delivery in New York, Los Angeles, Chicago, Houston and Atlanta.
August 26, 2025Mail Services Globally Pause US Deliveries Over Tariffs
As of Aug. 29, President Donald Trump is ending the de minimis exemption that has applied to more than 4 million parcels flowing through the U.S. each day, driven largely by e-commerce.
August 22, 2025Archives
-
2023
-
2022
-
2021
-
2020
-
2019
-
2018
-
2017
-
2016
-
2015
