Analysis: Apex deal makes Kuehne + Nagel largest air forwarder

Nose cone of a 747 jumbo freighter is open so cargo can be loaded.

Swiss logistics conglomerate Kuehne + Nagel International AG will become the largest airfreight forwarder in the world when it completes its purchase of Apex International Corp., edging out DHL Supply Chain, according to 2019 shipping data.

Kuehne + Nagel, currently ranked second, arranged movement for 1.6 million metric tons of airfreight in 2019, while Apex managed 520,000 tons. The combined volume of 2.12 million metric tons exceeds the 2.05 million tons handled by DHL, lists compiled by...

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