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 Logistics7,400**1,081,000363,000
7C.H. Robinson15,4901,200,000225,000
8Kerry Logistics6,8671,019,924493,903
8UPS Supply Chain Solutions11,048620,000988,880
10Bolloré Logistics
11Hellmann Worldwide Logistics2,740905,100552,640
12Kintetsu World Express5,750640,063556,875
14Yusen Logistics4,248764,000337,000
15CTS International Logistics2,1601,021,007398,175
16Hitachi Transport System6,346662,000221,000
18Toll Group7,260523,300117,400
19Maersk Logistics6,369401,369138,086
20Apex Logistics International2,274190,000750,000

*Revenues and volumes are company reported or Armstrong & Associates, Inc. estimates. Revenues have been converted to US$ using the average annual exchange rate in order to make non-currency related growth comparisons. 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 June 28, 2021)

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