Do you know what freight forwarding is? It is the process of arranging and managing the transportation of goods and services from one place to another. Freight forwarding companies are the experts who handle this process for you. They can save you time, money, and hassle by taking care of the complex logistics and documentation involved in international trade.
In this blog post, we will introduce you to the top 7 freight forwarding companies in 2024. These are the companies that have proven their excellence and reliability in the industry. You will learn about how they started, what they offer, and some interesting news updates about them.
If you are looking for the best freight forwarding company for your business, then you don’t want to miss this blog.
Read on to find more about the top 7 freight forwarding companies in 2024.
1. DHL Supply Chain & Global Forwarding
- Founded In: 1969
- Headquarters: Bonn, Germany
- Market Cap: $57.77 Billion
Adrian Dalsey, Larry Hillblom, and Robert Lynn founded DHL in 1969. It is the world’s leading logistics company. It has over 600,000 employees in more than 220 countries and territories. Moreover, it offers customized and integrated solutions for various industries. Additionally, it can help you send a letter, reach new markets, or grow your business. Furthermore, it is part of the DHL Group, which is one of the top freight forwarding companies. DHL Group also strives for excellence, sustainability, and innovation. DHL ranks first in the list of the top freight forwarding companies.
The company offers the following services:
- Freight: Air, Ocean, Road, and Rail
- Domestic Freight
- Global Events
- Industrial Projects
- Order Management
- Multimodal Solutions
- Value-added services: Custom Services, Cargo Insurance, GoGreen
The following is a recent news update regarding DHL: As the official logistics partner for the 2024 International Wine Challenge (IWC), Hillebrand Gori, a DHL company, has secured a prestigious partnership. It has expertise in handling delicate beverages. Moreover, it assures the safe and smooth transport of wine samples from around the world to the UK judging event. Additionally, this win-win collaboration simplifies shipping for wineries, strengthens the IWC’s global reach, and shows Hillebrand Gori’s leadership in the wine industry. Furthermore, it highlights the importance of reliable logistics for quality and integrity in the wine supply chain. It also hints at future sustainable solutions in this changing landscape.
2. Kuehne + Nagel
- Founded In: 1890
- Headquarters: Schindellegi, Feusisberg, Switzerland
- Market Cap: $41.96 Billion
Founded in 1890 in Bremen, Kuehne+ Nagel is a global transport and logistics company. It is headquartered in Switzerland and operates in over 100 countries. With over 79.000 employees and nearly 1300 locations, Kuehne+ Nagel is the number one sea freight and air freight forwarder worldwide. It focuses on customer needs and sustainability. Its slogan is: “We shape the world of logistics with a strong determination to connect people and goods through innovative and sustainable logistics solutions.”
As one of the top freight forwarding companies, it offers the following services:
- Transportation: Sea, Air, Road Warehousing and Distribution
- Project Logistics
- Customer Clearance
- Insurance
- E-commerce
- Supply Chain Management Service
- Digital: Explore shipping options, Choose the best route for your shipment, Track the status of shipments, Optimize your overall logistics plan, Data integration, and Consulting
Here is an interesting update news update regarding the company: As a global transport and logistics company, Kuehne + Nagel wants to electrify its trucking fleet and lower carbon dioxide emissions. It has a ‘Book and Claim’ solution for its customers, who can claim the carbon savings of electric trucks. This is possible even if they cannot use them because of infrastructure or capacity issues. Customers who buy renewable biofuels like HVO can also use this solution. Kuehne + Nagel is the first logistics provider to offer this innovative and sustainable solution. It helps to decarbonize road transport.
3. DSV
- Founded In: 1976
- Headquarters: Hedehusene, Denmark
- Market Cap: $37.94 Billion
DSV is a global transport and logistics company. It was founded in Denmark in 1976 by ten owner-operated haulers. Today, it operates in over 90 countries and employs more than 75,000 people. DSV’s vision and strategy are to be a leading global supplier, fulfilling customer needs for transport and logistics services. Its slogan is “We deliver”, which reflects its commitment to quality, reliability, and customer satisfaction. This company is ranked as # in the list of the top 7 freight forwarding companies.
DSV provides the following services:
- Freight: Air, Sea, Road, Rail
- Customs Clearance
- Insurance
- Project Cargo
- Road Transport
- Warehousing and Distribution
- Supply Chain Management
- Contract Logistics
- Supply Chain Consulting
- Value Added Services
- Green Logistics
Here is an interesting news update regarding the company: DSV has opened a new office in Raleigh, Durham, North Carolina. The region’s lively pharmaceutical market drives the decision to expand in Durham. It has provided DSV with an opportunity to provide specialized logistics solutions to the healthcare and life sciences sectors. The company’s VP has said “We are excited to open our new office in Raleigh-Durham. It shows our dedication to delivering exceptional logistics solutions to the healthcare, pharmaceutical, and other industries in the region. This expansion reflects our commitment to being closer to our customers, understanding their needs, and contributing to the growth of the Raleigh-Durham market.”
4. Expeditors
- Founded In: 1979
- Headquarters: Seattle, USA
- Market Cap: $18.68 Billion
Expeditors is a global logistics company based in Seattle, USA. It was founded in 1979 by logistics visionaries. Expeditors has over 340 locations in more than 100 countries. It has over 19,000 employees. Expeditors don’t own any aircraft, ships, or trucks. This makes it flexible and effective in finding the best solutions for its clients. The company has a unique work culture and core values. Its mission is to exceed customers’ expectations through excellence in global logistics. Its slogan is: “You’d be surprised how far we’ll go for you.”
As one of the best freight forwarding companies, Expeditors provides the following services to its customers:
- Logistics Services
- Design and Optimization
- Order Management
- Security
- Risk Management & Insurance
- Delivery Management
- Total Container Management
- Freight: Air, Ocean, Road
- Project and Energy Services
- Customs and Compliance Services
This is the latest news update regarding the company. Expeditors International will reveal its Q4 2023 earnings report on February 20, 2024. Analysts expect strong revenue growth and record earnings per share. They are optimistic because of several reasons. First, e-commerce is booming, and boosting air and ocean freight demand. Second, Expeditors’s skills in complex shipments are high in demand. Third, supply chain resilience is still a major concern. If these predictions come true then the company will strengthen its position in the logistics industry. It will have a lot of growth opportunities in 2024.
5. C.H. Robinson
- Founded In: 1905
- Headquarters: Eden Prairie, Minnesota, USA
- Market Cap: $0.49 Billion
C.H. Robinson is a global logistics platform that improves the world’s transportation and supply chains. Its mission is to deliver exceptional value to its customers and suppliers. Its vision is to accelerate commerce through the world’s most powerful supply chain platform. Moreover, it has a strong culture of excellence, innovation, and integrity. It has $30 billion in freight under management and 20 million shipments annually. The company is recognized by its customers and industry for its superior service and technology. It has 100,000 customers and 96,000 contract carriers. Furthermore, it operates in various business segments, such as North American Surface Transportation, Global Freight Forwarding, and Robinson Fresh.
The company provides the following services to clients:
- Air Freight
- Drop Trailer
- Expedited Freight
- Flatbed
- Intermodal
- Less than Container Load
- Consolidation
- Cross-Border
- Customs Brokerage
- Freight Brokerage Services
- Managed Procurement Services (MPS)
- Managed Services, Project Logistics, etc.
Here is an interesting news update regarding the company for you: C.H. Robinson recently created a Program Management Office to support its strategic initiatives. Jim Reutlinger, a lean process expert, leads the office. He reports to Dave Bozeman, the company’s president and CEO. Bozeman aims to revive the company’s fortunes, which have declined due to freight recession and digital challenges. He plans to apply a lean process structure to Robinson’s operations. Moreover, the company has agreed with activist investor Ancora to renominate its two board members. Ancora will not seek changes at the company for another year.
6. CEVA Logistics
- Founded In: 2007
- Headquarters: Marseille, France
- Market Cap: $0.49 Billion
CEVA Logistics is the world’s leading provider of third-party logistics. It is a part of the CMA CGM Group, a global shipping and logistics company. The company’s slogan is: “Responsive Logistics for You”. It means that it designs end-end customized solutions for its customers. Moreover, it operates in various business segments. CEVA Logistics has over 110,000 employees, working in over 1300 facilities in more than 170 countries. Furthermore, it has a strong culture of excellence, innovation, and integrity. It is recognized by its customers and industry for its superior service and technology. The company ranks 6th in the list of the top freight forwarding companies.
CEVA Logistics offers the following services to its customers:
- Air Freight
- Ocean Freight
- Ground & Rail freight
- Contract Logistics
- Project Logistics
- Finished Vehicle Logistics
- CEVA Lead Logistics
- Customs
- Fiscal Representation
CEVA Logistics, part of the CMA CGM Group, is the Official Partner in Logistics Solutions for the Paris 2024 Olympic and Paralympic Games. This is a major coup for both the company and the Games. CEVA will manage the entire lifecycle of goods, equipment, and materials for the event. It will use its global reach, logistical expertise, and sustainability focus to deliver everything on time and in perfect condition. Moreover, this partnership shows CEVA’s leadership in the logistics industry and its support for events that celebrate human potential and athletic excellence. Furthermore, as the Games in Paris approach, CEVA’s logistical symphony will bring the spirit of competition and collaboration to life.
7. DB Schenker
- Founded In: 1872
- Headquarters: Essen, Germany
- Market Cap: $9,273.60 Million
Lastly, we have DB Schenker in our list of the top freight forwarding companies. DB Schenker is a division of Deutsche Bahn, a German rail operator. It focuses on logistics and was acquired in Deutsch Bahn in 2002 as Schenker-Stines. The company has over 72,000 employees and operates in over 90 countries. DB Schenker offers transport and logistics solutions for various industries such as healthcare, technology, automotive, and more. Its vision is to be a leading global supplier of transport and logistics services. Its slogan is “Unleashing logistics for a future motion”, which reflects its passion for innovation and customer satisfaction.
DB Schenker provides the following services to customers:
- Booking and Tracking Shipments
- Monitoring Your Freight
- Connecting Customers to Dispatchers
- Freight: Air, Sea, Land, Intermodal
- Contract Logistics
- Supply Chain Solutions
The following is the recent news regarding the company: DB is selling DB Schenker. The sale will help DB to reduce debt and focus on its rail business. Interested buyers would have to contact Goldman Sachs or Morgan Stanley by 15 January. The final decision however will depend on various factors. The sale is a major move for DB and the logistics industry. It is believed that it will trigger more mergers and acquisitions in 2024. DSV and UPS are the potential buyers as of now. Large shipping lines have also been interested in forwarders, but market conditions may have changed that.
In conclusion, these are the top 7 freight forwarding companies as of 2024. In this blog, we have given you an overview of each company, the services they provide, and an interesting news update regarding each company. We hope that you gained some profitable knowledge from this blog. Thanks for reading!
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