Memphis, Tenn.-based integrator FedEx leapfrogged arch-rival UPS to become the largest cargo carrier by freight revenues in 2016, according to the Transport Topics Top 50 Largest Global Freight Carriers list.
FedEx Corp. has claimed the top spot in the latest edition of the Transport Topics Top 50 Largest Global Freight Carriers list.
The list, produced on a yearly basis by the American Trucking Associations’ industry news outlet in conjunction with SJ Consulting Group, ranks both asset-based and non-operating global cargo carriers by freight revenue.
Memphis, Tenn.-based FedEx leapfrogged arch-rival UPS Inc. to become the largest logistics operator worldwide in 2016 with just over $52 billion in cargo revenues, accounting for 92 percent of total company revenues. UPS wasn’t far behind, however, posting $51.8 billion in freight revenues.
China Railway Corp. and the Maersk Group came in third and fourth, respectively, for the second year in a row with $37.2 billion and $29.7 billion in freight revenues.
The rest of the top 10 was rounded out by Union Pacific Corp. ($21.8 billion), Russian Railways ($21.4 billion), CMA CGM Group ($21.1 billion), BNSF Railway ($21 billion), Deutsche Post DHL Group ($19.9 billion), and Mediterranean Shipping Co. ($19.8 billion).
In the North American domestic market, roll-up third-party provider XPO Logistics Inc. took over from UPS Supply Chain solutions as the largest company by net revenue with $4.7 billion, according to a separate list compiled in cooperation with consulting firm Armstrong and Associates.
J.B. Hunt Transport Services came in second with $2.8 billion, dropping UPS Supply Chain Solutions ($2.6 billion) to third place. The remaining top ten carriers in 2016 were DHL Supply Chain ($2.3 billion), C.H. Robinson Worldwide ($2.3 billion), Expeditors International of Washington ($2.2 billion), Ryder Supply Chain Solutions ($2.1 billion), Americold Logistics ($1.6 billion), FedEx ($1.5 billion), and CEVA Logistics ($1.5 billion).
Transport Topics: FedEx claims top spot among logistics operators
