FedEx ranks no. 1 for global freight carriers

Transport Topics has released its annual rankings of the “Top 50 Global Freight Carriers” for 2016. FedEx Corp. came out on top, followed by UPS Inc. and China Railway Corp in second and third places.

FedEx and UPS swapped their positions from last year, while China Railway has remained in the same spot.

The rankings are based on freight revenue, as calculated by SJ Consulting Group based on a number of company reports and revenue estimates. Totals include passenger revenue for some airlines and railroads.

93% of FedEx’s total revenue in 2016 was from freight, adding up to $52,014 million. The company utilised 107,462 cargo-carrying vehicles and 699 aircraft.

UPS was not far behind, achieving $51,777 million in freight revenue, 89% of its overall revenue. It operated 111,066 vehicles and 542 aircraft.

The other companies that made it into the top 10 are The Maersk Group, Union Pacific Corp., Russian Railways, CMA CGM Group, BNSF Railway, Deutsche Post DHL Group, and Mediterranean Shipping Co.

(Source: Memphis Business Journal, Transport Topics)