About the Power 25
The Power 25 list was compiled with the cooperation of Armstrong & Associates, Inc., a U.S.-based supply chain consulting firm, which ranked the 25 largest forwarders, based on their 2017 air tonnage. Revenue information and tonnage figures for 2017 are either reported by the companies or estimated by Armstrong & Associates. Revenues have also been converted into U.S. dollars, based on the average exchange rate, in order to make currency-related growth comparisons.
*Figures adjusted by Kintetsu, 2012-2016
†2017 tonnage figure adjusted by Bolloré
Numbers in parentheses represent 2016’s rank by airfreight tonnage.
Copyright © 2018 Armstrong & Associates, Inc.
Page 1 of 3
![COVID-19 vaccine draws international cargo carriers to Grand Rapids [2]](https://aircargonext.com/wp-content/uploads/2020/12/FX-GRR-2-120x86.jpg)
