The Power 25: Forwarders are rising fast, but keep those seatbelts fastened

Fastest Risers In the lower-middle of the Power 25 pack, the movement was more volatile, especially with the Asian forwarders making impressive leaps in activity. China’s Apex Logistics International, for example, outpaced all other forwarders with a 42% increase in revenues ($1.35 billion) and a 34.4% rise in air tonnage (430,000) to sprint five spots […]

The Power 25: On the rise with the world’s top forwarders

It’s amazing what a little extra business can do. About 18 months ago, there was a lot of hand-wringing about the sorry state of the freight forwarding industry. They were far behind on the technology adoption curve; Amazon was coming along to disintermediate everyone in the logistics business and overcapacity was slowly bleeding the carriers […]

E-commerce turns up the heat on fulfillment companies

The e-commerce boom in the United States has already irrevocably changed the traditional dynamics between supply chain members, but we are still far from seeing how these dynamics will re-form – if ever – after the dust settles, according to an in-depth report released last week from third party logistics (3PL) research organization Armstrong & […]

Armstrong’s 3PL report calls 2016 ‘mediocre’ for U.S. airfreight

While the third-party logistics (3PL) market had a “mediocre” year in the United States, global 3PL revenues reached US$802 billion in 2016 and are on track to exceed $962 billion in 2020, according to the latest 3PL report by market research firm, Armstrong & Associates. The report, titled “Third-Party Logistics Market Results and Trends for […]

The Power 25: How the world’s top forwarders are facing the future

(Charles Kauffman and Lewis King also contributed to this article.) If 2015 was called the “year of the merger,” with the wave of consolidations across the airfreight industry, 2016 could be the year of deja vu. We have seen these companies before – well, almost all. While there has been some churn in this year’s […]

The Power 25: How long can the good times last?

EARLY RISERS For this year’s Power 25, the positive trends outweighed the bad. Last year, we at Air Cargo World predicted DSV, following its completed absorption of UTi, would be a fast riser – and rise it did, leaping up seven spots on the Power 25 list, from No. 16 to No. 9. Now that […]

The Power 25 List for 2017

The Power 25 list was compiled with the cooperation of Armstrong & Associates, Inc., a U.S.-based supply chain consulting firm, which ranked the 25 largest forwarders, based on their 2016 air tonnage. Revenue information and tonnage figures for 2016 are either reported by the companies or estimated by Armstrong & Associates. The Power 25: Rank […]

The Power 25: Top forwarders grow through acquisition

What’s in a number? For businesses, numbers can provide a fairly accurate picture of the health of a company. In our “Power 25” list of the top global airfreight forwarders, Air Cargo World uses numbers to track the rise and fall of the major players in the market. But numbers only tell part of the […]

The Power 2015: Stability at the top

Stability at the top For the top four forwarders on the Power 25 list, ranked by tonnage, there was seemingly little change. DHL’s Supply Chain and Global Forwarding divisions led the field, yet again, by a wide margin, with 2.11 million tonnes of air cargo shipped during 2015. However, the leader hardly had an easy […]

DSV’s Q2 figures better than expected

Boosted by strong growth in its air and sea division, Danish freight forwarder DSV posted better-than-expected second-quarter figures. Operating profit, before special items, rose to US$118.7 million in the period from April to June, beating a mean forecast of $112 million, which was based on a Reuters poll of analysts. Net profit for the period […]

‘Mystery shopped’ forwarders reveal lack of tech-savvy

How in touch are you with your customers online? Before you answer, check out this customer service project conducted by freight sales software firm Freightos. The rather dismal results are further evidence that the logistics industry has yet to keep pace with the online world. In the experiment, set up like a “mystery shopping” experiment, […]