The latest annual statistics from consultant Armstrong & Associates show that Kuehne+Nagel (K+N) was the world’s largest airfreight forwarder in terms of volumes in 2021 as it recorded a 54.9% increase to 2.2m tonnes, and knocked DHL off the top spot. The large increase came as 2021 was a bounce back year following the worst of the Covid pandemic that saw demand fall and large swathes of capacity taken out of the sky as passenger fleets were grounded and cargo carriers had to find new ways to transport shipments. Demand was also boosted as economies recovered from the pandemic and the public had more cash to spend on goods as services were still limited by the pandemic.There was also modal shift as the container shipping industry struggled with congestion at ports and container shortages. K+N also benefited from the acquisition of Apex Logistics. The first-time consolidation in May 2021 of airfreight provider Apex Logistics accounted for around half of the growth. Other noticeable came from the Japanese forwarders as they reported above market improvements in air cargo demand. The ranking of the 2nd~5th places is as follows: 2nd - Kühne & Nagel (Germany) 2.1 mt (+25.7%), 3rd - DSV (Denmark) 1.51 mt (+18.7%), 4th - DB Schenker (Germany) 1.44 mt, 5th - Expeditors (US) 1.05 mt (+26.0%).
top of page
Search
Recent Posts
See AllThe ranking of international air cargo forwarders from Japan for June 2024 has been revealed. The top spot was taken by NX with 18,797...
Armstrong & Associates (A&A), a logistics market research and consulting firm, has released its 2023 Global Freight Forwarder Rankings....
The ranking of international air cargo forwarders from Japan for June 2024 has been revealed. The top spot was taken by NX with 17,719...
bottom of page
Comments