The Power 25: Top forwarders face turbulent headwinds

With the continued stagnation in airfreight growth noted in the first quarter of 2019, global freight forwarders may be forgiven for waxing nostalgic for the heady days of early 2018, when the e-commerce surge was expected to keep the 2017 peak season going all year long. Sadly, those days were short-lived and, a full year […]

The Power 25: Forwarders to watch through 2019

DSV-Panalpina (future No. 3) – For the rest of this year and into 2020, all eyes in the forwarding world are going to be focused on the new DSV-Panalpina entity, which was decided in early 2019 and will be formalized by the third quarter. In its annual report for 2018, DSV said its earnings before […]

Power 25 Charts: 2018’s largest forwarders by airfreight metric tonnes

About the Power 25 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 2018 air tonnage. Revenue information and international air tonnage figures for 2018 are either reported by the companies or estimated by Armstrong […]

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 […]