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
UPS in Talks With Startup Figure AI to Use Humanoid Robots
UPS Inc. is in talks with robotics startup Figure AI to use humanoid robots for some tasks in the logistics giant’s network, according to people familiar with the matter.
April 28, 2025Hydrogen Maker Plug Power Makes $525 Million Debt Deal
Plug Power announced a $525 million secured debt facility, and said it completed construction of a hydrogen production plant in Louisiana.
April 28, 2025Trump’s Tariffs Set to Unleash Supply Chain Jolt on Economy
Since the U.S. raised levies on China to 145% in early April, cargo shipments have plummeted. That drastic reduction in goods hasn’t been felt by many Americans yet, but that’s about to change.
April 28, 2025Knight-Swift Posts Q1 Profit as LTL Revenue Soars
Knight-Swift Transportation returned to the black in the first quarter of 2025 on the back of a jump in less-than-truckload revenue.
April 24, 2025TFI Q1 Profit Falls on Freight Weakness, TL Tariff Pain
Profit at TFI International fell 39.6% in Q1 2025 because of continued freight market weakness and an industrywide decline in truckload volume due to Trump administration tariffs.
April 24, 2025US-China Tariffs Hit Amazon, FedEx, UPS Distribution Links
President Donald Trump’s tariffs on Chinese imports threaten to disrupt Southern California’s trade and logistics economy, a sector that moves a third of the nation’s container cargo.
April 22, 2025Logistics and Shipping Players Are Doubling Down on Mexico
Rather than pulling back in the face of U.S. tariff threats, major logistics and shipping players like DHL, Echo Global and CPKC are doubling down on Mexico.Â
April 22, 2025DHL Partially Suspends US Parcel Deliveries
The Germany-based logistics company DHL will no longer deliver parcels worth more than $800 to private individuals in North America with immediate effect.
April 21, 2025Trump Trade War Sparks Run on US Warehouses
U.S. importers looking to sidestep Trump administration tariffs are seeking space in a type of warehouse that lets them stash merchandise for as long as five years without paying duties.
April 16, 2025Trump’s China Ship Fees Set to Hit Global Shipping Giants
President Donald Trump has proposed a fee of at least $1 million each time a Chinese-operated or Chinese-built ship enters a U.S. port.
April 15, 2025Archives
-
2023
-
2022
-
2021
-
2020
-
2019
-
2018
-
2017
-
2016
-
2015
