Top 5: Freight Forwarding Companies in 2010
TOP 5: Freight Forwarding Companies in 2010 (in terms of combined air and sea freight revenues)
Research by Transport Intelligence, contained within its latest report Global Freight Forwarding 2011, has ranked the world's largest forwarders in 2010, in terms of combined air and sea freight revenues. The top ten freight forwarders make up 44% of the total market. This share has been gradually increasing, from 40% in 2006, as the largest players crowd out smaller competitors. The research also found that European forwarders dominate the market, accounting for six of the top ten positions.
CHECK BELOW FOR A RUNDOWN OF THE TOP 5 POSITIONS
According to Ti's chief executive, John Manners-Bell, the market will enjoy another successful year in 2011. "Forwarders are enjoying somewhat of a golden period," he commented. "Air and sea volumes are still growing albeit not as rapidly as last year. In addition to this, extra capacity brought on by shipping and air carriers has meant that rates have softened, meaning that forwarders' gross margins will expand. Our research suggests that this should be by around 2 percentage points."
Expeditors International of Washington, Inc is engaged in the business of global logistics management, including freight forwarding and consolidation, for both air and ocean freight. It is a non-asset based carrier, not owning any transportation assets. The company also provides brokerage and additional services, which include value added distribution, purchase order management, vendor consolidation, customs clearance, marine insurance and other value added international logistics services. Its gross revenues in 2010 were $5.9bn.
The Panalpina Group provides freight forwarding and logistics services, specialising in intercontinental air freight and ocean freight shipments and supply chain management solutions. The company focuses on the oil and gas, retail and fashion, automotive and hi-tech industries. Through its subsidiary Panprojects, it provides project forwarding services for the construction industry. In 2010, Panalpina had revenues of CHF8.68bn.
3. DB Schenker
DB Schenker Logistics is one of the business units that operates under the DB Mobility Logistics sub-group of Deutsche Bahn. The majority of its revenues are generated from operations in mainland Europe. DB Schenker Logistics has three main operating divisions: 1.European Land Transportation, 2.Air and Ocean Freight, and 3.Contract Logistics/SCM (Supply Chain Management). The business unit offers Europe-wide land transport and worldwide air and ocean freight forwarding, as well as comprehensive logistics solutions and global supply chain management. It also provides services for the automotive, high-tech and consumer products industries, as well as trade fair forwarding, special transportation and services for major sporting events. In 2010, it had revenues of €14.3bn.
Deutsche Post DHL is the global market leader for logistics. Its Deutsche Post and DHL brands (Postbank is a discontinued operation since the third quarter of 2008) represent a wide range of services for managing and transporting mail, goods and information. Its businesses include those formerly owned by such names as Danzas, DHL, AEI, Airborne, ASG, Nedlloyd and Exel. It has adopted a strategy of acquisitive growth worldwide with the clearly expressed aim of being the world's leading mail, express and logistics provider. It has spent in the region of €10bn on 70 companies since 1997. In 2010, its revenues were €51.48bn.
1. Kuehne + Nagel (K+N)
Kuehne + Nagel is a freight forwarding and logistics group headquartered in Switzerland with operations located throughout the world. Its main business is in the sea freight, air freight and contract logistics sectors, with a focus on providing IT-based Supply Chain Management Services. It also offers rail and overland transportation, as well as warehousing and distribution. Although it is strongest in its home European markets it has grown organically in the Asia Pacific Rim and through acquisitions in North America. In 2010, revenues were CHF20,261m.