<strong>About the Power 25</strong> 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 2018 air tonnage. Revenue information and international air tonnage figures for 2018 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. <em>*Revenues and metric tonnes are company-reported or Armstrong & Associates, Inc. estimates. Revenues have been converted to US$ using the average exchange rate in order to make non-currency related growth comparisons. </em> <em>**Tonnage figures adjusted directly by the forwarder.</em> <em>†First time appearing on Power 25 list Numbers in parentheses represent 2018’s rank by airfreight tonnage. </em> <em>Copyright © 2019 Armstrong & Associates, Inc.</em> <img class="alignnone size-full wp-image-67093" src="https://aircargoworld.com/wp-content/uploads/2019/06/Power-25-chart-1-10.jpg" alt="" width="1082" height="643" /><!--nextpage--> <img class="alignnone size-full wp-image-67094" src="https://aircargoworld.com/wp-content/uploads/2019/06/Power-25-chart-11-20.png" alt="" width="1086" height="530" /><!--nextpage--> <img class="alignnone size-full wp-image-67095" src="https://aircargoworld.com/wp-content/uploads/2019/06/Power-25-chart-21-25.png" alt="" width="1089" height="345" /> <p style="text-align: center;"><a href="https://aircargoworld.com/allposts/the-power-25-top-forwarders-face-turbulent-headwinds/"><strong>Return to Main Story</strong></a> <strong>| <a href="https://aircargoworld.com/allposts/the-power-25-forwarders-to-watch-through-2019/">3 Forwarders to Watch through 2019</a></strong></p>
