Amazon.com Inc. again led the 2026 Transport Topics Top 50 Global Freight Companies list, posting more than $172 billion in 2025 freight revenue, up from $156 billion a year earlier. FedEx edged past UPS for No. 2 with $90 billion versus nearly $89 billion, while the U.S. Postal Service held No. 4 at over $80 billion. DSV jumped four places to No. 11 after its April 2025 acquisition of Schenker, and China-based JD Logistics debuted at No. 10 with $40.8 billion. The ranking, produced with SJ Consulting Group, ranks providers by 2025 freight revenue across truck, parcel, rail, ocean and air. Consolidation, including C.H. Robinson's planned $5.8 billion purchase of RXO, could further reshape the list.
According to www.ttnews.com, Amazon.com Inc. retained the top spot on the 2026 Transport Topics Top 50 Global Freight Companies list, generating more than $172 billion in freight revenue in 2025, up from $156 billion a year earlier.
The annual ranking, produced in cooperation with SJ Consulting Group, orders the world’s largest freight transportation providers by 2025 freight revenue across truck, parcel, rail, ocean and air modes, as well as non-asset-based third-party logistics. The list was published on November 7, 2026.
FedEx edges past UPS for No. 2
FedEx Corp. overtook rival UPS Inc. for the second position, reporting $90 billion in revenue against nearly $89 billion for UPS. The source notes that FedEx’s figure does not reflect the June spinoff of its less-than-truckload unit, FedEx Freight, which will likely alter the ranking next year.
The United States Postal Service held at No. 4 with more than $80 billion in annual revenue. France-based CMA CGM remained the highest-ranking ocean carrier at No. 6, followed closely by Denmark-based Maersk at No. 7.
DSV climbs, JD Logistics debuts in top 10
Danish freight forwarder DSV jumped four positions to No. 11 after completing its acquisition of Schenker in April 2025, reporting more than $37 billion in revenue last year. China-based JD Logistics debuted at No. 10 with $40.8 billion in freight revenue, providing third-party logistics and supply chain services across 26 countries and regions.
Other newcomers included contract logistics provider GXO at No. 27 with nearly $13.2 billion, Singapore-based PSA International at No. 40, and Cincinnati-based brokerage Total Quality Logistics at No. 43 with $7.5 billion in revenue from U.S., Canadian and Mexican operations.
North American carriers and railroads fill the list
Several North American trucking and logistics firms ranked among the world’s largest providers. Brokerage giant C.H. Robinson fell two places to No. 23 with $14.8 billion, while intermodal and trucking provider J.B. Hunt Transport Services slipped three spots to No. 30 with nearly $12 billion.
Freight forwarder Expeditors International ranked No. 32 with more than $11 billion, and less-than-truckload carrier XPO held at No. 39 with nearly $8.2 billion. Truck leasing and transportation firm Ryder System placed No. 41 with $7.8 billion, while truckload carrier Knight-Swift Transportation checked in at No. 44 with nearly $7.5 billion.
Other North American trucking businesses on the list include TFI International at No. 47, Schneider at No. 49 and LTL carrier Old Dominion Freight Line at No. 50. Major railroads were led by Union Pacific Railroad at No. 16 and BNSF Railway at No. 17, followed by Canadian National Railway at No. 20, CSX Corp. at No. 24, Norfolk Southern at No. 28 and Canadian Pacific Kansas City at No. 34.
Consolidation set to reshape future rankings
The source states that industry consolidation is poised to continue reshaping the list. The most prominent example is Union Pacific’s potential acquisition of Norfolk Southern, first proposed last year, which would create a single-line transcontinental rail network if approved by regulators.
Germany-based ocean carrier Hapag-Lloyd, ranked No. 18, agreed in February to acquire ZIM Integrated Shipping Services. In freight brokerage, C.H. Robinson has announced plans to purchase counterpart RXO, with the company expecting the $5.8 billion transaction to close in the first half of 2027.
Revenue information on the list is sourced from company reports and SJ Consulting Group estimates for freight transportation services. All figures are listed in U.S. dollars, with currency conversions based on the average exchange rate in 2025.
Source: Transport Topics
Compiled from international media by the SCI.AI editorial team.
