A&A’s Top 25 Global Freight Forwarders List

Ranked by 2020 Logistics Gross Revenue/Turnover

and Freight Forwarding Volumes*

RankProviderGross Revenue (US$ Millions)*Ocean (TEUs)Air (Metric Tons)
1DHL Supply Chain & Global Forwarding28,4532,862,0001,667,000
1Kuehne + Nagel25,7874,529,0001,433,000
2DB Schenker20,7612,052,0001,094,000
2DSV Panalpina18,2692,204,9021,272,405
5Nippon Express19,347660,152720,115
6CEVA Logistics7,416**1,081,100363,300
7C.H. Robinson15,4901,200,000225,000
7UPS Supply Chain Solutions11,048620,000988,880
8Kerry Logistics6,8671,019,924493,903
10Bolloré Logistics
11Hellmann Worldwide Logistics2,972905,100552,640
12Kintetsu World Express5,750640,063556,875
14Yusen Logistics4,248764,000337,000
15CTS International Logistics2,1601,021,007398,175
17Toll Group7,260523,300117,400
18Hitachi Transport System6,346462,000221,000
19Maersk Logistics6,963401,369138,086
20Apex Logistics International2,274190,000750,000

*Revenues and volumes are company reported or Armstrong & Associates, Inc. estimates. Revenues cover all four 3PL Segments (DTM, ITM, DCC and VAWD) and have been converted to US$ using the annual average exchange rate. Freight forwarders are ranked using a combined overall average based on their individual rankings for gross revenue, ocean TEUs and air metric tons.

**Includes LCL shipments.

(updated September 3, 2021)

Use statement: All Rights Reserved. No part of this information may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, Armstrong & Associates, Inc. Where permission for use is given, Armstrong & Associates, Inc. must be predominantly displayed as the source for the research and must be referenced in any accompanying text discussion referencing this information.

Copyright © 2022 Armstrong & Associates. All rights reserved.