Among the top 25 largest air freight operators, DSV Air & Sea has improved its global position by 7 places, thus becoming the fastest-growing air cargo forwarder in the world.
The Top 25 Global Logistics Operators list, prepared by the consulting firm Armstrong & Associates, classifies operators based on reported data and analyst estimates. In this year’s ranking, the authors’ attention was drawn to DSV, which recorded a seven-place jump to ninth position on the list with a freight volume growth rate of 84.7 percent. At the same time, DSV recorded the second-highest revenue growth rate, which increased by 33 percent year-on-year.
– The past year was a record-breaking time for DSV Air & Sea, and one of the biggest challenges in 2016 was coordinating the integration of DSV with UTi Worldwide. This applies to both our global and domestic operations. It is worth noting here that the number of air shipments handled by the Polish division in 2016 was nearly half as large again as in the previous year. Additionally, for the second year in a row, we are the number two cargo agent for LOT Polish Airlines. In the second half of 2016, i.e., after the acquisition of UTi, we doubled our turnover compared to the same period a year earlier, achieving a total of 42% growth in the number of air and sea shipments, and this growth was largely generated thanks to the development of the Aerospace business. Thus, not only on a global scale but also domestically, DSV has significantly strengthened its position, becoming an even stronger competitor for other operators in this market and an even better partner for companies carrying out sea and air transport – says Arkadiusz Mirek, CEO of DSV Air & Sea in Poland.
Also in the report discussing this year’s ranking, the authors draw attention to the role of DSV’s acquisition of the UTi Worldwide Inc. group and the effects of taking advantage of the favorable market conditions in air cargo transport on the Middle East – Western Europe route. DSV’s results in this ranking are all the more impressive because in the top ten largest forwarders, seven recorded a decline in revenue last year, and in the entire group of 25 classified companies, as many as thirteen did.