DSV Panalpina set to become the world’s largest forwarder

DSV Panalpina is poised to become the world’s largest freight forwarder in terms of air and ocean revenues provided that its proposed takeover of Agility GIL is completed, reveals a new analysis from Transport Intelligence (Ti).
“With the deal set to be completed in the second half of 2021, the stage is set for changes at the top of the ranking”, reveals Ti’s recently published Global Freight Forwarding Market 2021
With a revenue of €9.9bn, DSV Panalpina is ranked third as per the analysis. Kuehne + Nagel (KN) is the current market leader, with combined revenues of €11.5bn, followed by DHL Global Forwarding, with €10.9bn. Agility is ranked 12th with revenues of €2.8bn. “GIL’s €2.8bn revenues would see DSV Panalpina displace both KN and DHL GF”, the report said.