Leading air freight forwarders lose market share

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The world’s top air freight forwarders saw their market share fall in 2015, according to WorldACD. In volume terms, the largest 20 saw their combined market share fall from 44.5% in 2014 to 43%. In revenue terms, their share fell from 43% to 42%. DGF, DB Schenker, Panalpina, UPS Supply Chain Solutions and Kintetsu all saw growth of less than the worldwide average of 2%, while Kuehne+Nagel, Expeditors, Nippon Express, CEVA and DHL Express beat the global growth average. Collectively, the top 100 forwarders saw growth of 0.9%, and the other thousands of forwarders, accounting for 43% of total business, achieved better results with an average growth of 3.8%.