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 […]

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 […]

Power 25: Stability at the top, churn at the bottom

Stability at the top As expected, DHL Supply Chain and Global Forwarding stands alone and almost untouchable at the top of the pyramid, with nearly 2.25 million tonnes handled in 2017. Kuehne + Nagel was a distant second, but it still managed to increase its throughput by 20 percent, to 1.57 million tonnes. “Overall, you’ve […]

Power 25: 3 Forwarders to Watch in 2019

CEVA Logistics (No. 13) For the last several years, CEVA Logistics has struggled to control its mounting debt issues. Then, less than a month after its long-awaited initial public offering (IPO) on the Swiss stock exchange in April of this year, the Dutch logistics firm raised about US$1.2 billion and released generally positive figures for […]

Power 25 Charts: 2017’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 2017 air tonnage. Revenue information and tonnage figures for 2017 are either reported by the companies or estimated by Armstrong & Associates. […]

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: Welcome to the neighborhood, Apex Logistics

In a year that saw little change on the Power 25 list, the spotlight fell on the sole new entrant on the list: China-based Apex Logistics International. In 2016, air tonnage shot up for Apex by an impressive 39 percent, while gross revenues topped US$690 million. While this increase came from a relatively small base, […]

The Power 25: Forwarders to watch in 2017

C.H. Robinson While this Minnesota-based forwarder missed the Power 25 list again this year, and has suffered from the effects of weaker truckload pricing on its overall business, first-quarter 2017 revenues for its Global Forwarding segment grew 33.5 percent to $468.8 million, compared to the previous year. Net revenues for the division increased 14.7 percent, […]

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 […]
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