Top 25 transport companies in the world

When the consultancy Armstrong & Associates (A&A) compiled its Top 25 freight forwarders at this time last year, one of the key takeaways was that mergers and acquisitions were going to play another big role in 2019.

What made that forecast especially prescient was DSV’s purchase of Panalpina this past May, making the new entity the world’s 3rd largest forwarder by revenue and placing it 4th on the current A&A rankings. DSV is now a rival for industry leaders Kuehne+Nagel and DHL Global Forwarding in the current marketplace, according to Richard Armstrong, A&A’s chairman.

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