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The latest global air freight forwarder Top25 is released!

Views: 1     Author: Site Editor     Publish Time: 2022-03-20      Origin: Site

Armstrong & Associates, a world-renowned consulting firm, released the Top 25 Global Air Freight Forwarders in 2019.

In the year when the Sino-US trade friction continued, DHL Supply Chain & Global Forwarding continued to press Kuehne+Nagel and DB Schenker to become the world's busiest air freight forwarder in 2019, but the gap narrowed; DSV Panalpina ranked among the top Four.

Among the top 25 freight forwarders in the world, 6 are headquartered in the United States, ranking 5, 6, 18, 20, 23, and 25; Japan 5, ranking 7, 10, 16, 21, and 22; Germany There are 4 companies, ranking 1, 3, 9, and 17 respectively; 2 companies in France, ranking 8th and 19th; 2 companies in Switzerland, ranking 2nd and 13th respectively, 1 company in Denmark and Kuwait, and 4 companies in China, respectively APEX International Logistics, Sinotrans, Kerry Logistics (Hong Kong, China), and Dimerco Express Group (Taiwan, China) ranked 11, 12, 15 and 24 respectively.
LTI founder and president Cathy Roberson said global economic uncertainty and rising trade barriers were the main reasons for the weak air cargo in 2019.

While the U.S.-China trade war has taken center stage, other trade wars have occurred around the world. For example, Brexit, the revision of the North American Free Trade Agreement (NAFTA), etc. Agriculture and manufacturing have been hit the hardest, with additional pressure on forwarders with strong operations in these markets. The downturn in the auto industry has also affected major freight forwarders in different ways. The K+N business is highly related to the automotive and high-tech industries and is therefore the most affected.

Regionally, freight forwarders in Japan were also hit hard last year. In 2019, 4 out of 5 freight forwarders in Japan saw double-digit declines in demand among the top 25 freight forwarders. However, there are also some freight forwarders growing against the trend. DSV Panalpina has an increase of 55.5%, ranking among the top four; China's Apex increased by 20.9% year-on-year, showing a bright performance, which is not unrelated to China's stable macro economy and the optimization of the company's own business structure .

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