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JOC Ranks Top 25 NVOs by US Imports from Asia – Joosung Sea & Air makes list

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Although non-vessel-operating common carriers (NVOs) captured a larger share of the total eastbound trans-Pacific container trade in the first eight months of 2020, the largest forwarders actually saw their share of NVO volumes slip.

The top 25 NVOs in the eastbound trans-Pacific handled 49.4 percent of the nearly 4.73 million TEU in US imports from Asia transported by NVOs during the first eight months of 2020, down from 49.6 percent in the same 2019 period, according to data from PIERS, a sister company of JOC.com within IHS Markit.

Thanks to an 8.9 percent jump in volume, San Francisco-based Apex Group overtook Expeditors International of Seattle, Washington, handling the largest combined share of US imports from Asia through August, followed by Expeditors and Eden Prairie, Minnesota-based C.H. Robinson, which reported volume declines of 9.6 percent and 4.4 percent, respectively.

But Expeditors and C.H. Robinson were not alone; a dozen of the top NVOs in the trade saw their volumes and market share decrease on a year-over-year basis during the period. The largest declines were registered by De Well of Vernon, California, which saw shipments in the eastbound trans-Pacific tumble 16.4 percent, Hong Kong’s MCL Multi Container Line and Essen, Germany-based DB Schenker, both of which were down 15.3 percent from the previous year.

Still, several of the top 25 saw double-digit percentage growth during the period, including Hong Kong’s DT Logistics (up 35.5 percent), Honour Lane Shipping (up 12.6 percent), and Hecny Shipping (11.7 percent), Copenhagen-based DFDS Group (up 20.5 percent), Seoul-based Joosung Sea & Air Co. (up 19.6 percent), and Ningbo, China-based Safround logistics (up 15.4 percent).

The largest gain, however, was reported by relative newcomer Flexport, which saw volumes rocket 135 percent year over year to 55,808 TEU during the January–August period. Founded in 2015, San Francisco-based Flexport is one of a number of digitally focused forwarders that has entered the trans-Pacific market in recent years.

JOC.com’s Top 25 NVOs by US Imports from Asia rankings are compiled using data from PIERS. Volume figures are expressed in twenty-foot equivalent units (TEU). One standard 40-foot ocean container equals two TEU. Non-containerized cargoes — i.e., dry bulk, liquid bulk, roll-on/roll-off (ro-ro), and oversized/heavy-lift project freight — are not included.

Rankings compiled by Marcin Lejk, data analyst.

JOC Top 25 NVOs by US Imports from Asia

US IMPORTS FROM ASIA, Jan.-Aug. 2020 vs. Jan.-Aug. 2016, 2017, 2018, and 2019 in laden TEU

The JOC Top 25 Non-Vessel-Operating Common Carriers (NVOs) in the eastbound trans-Pacific trade handled 49.4 percent of the nearly 4.73 million TEU in US imports from Asia transported by NVOs during the first eight months of 2020, a decline of 0.2 percentage points from the same 2019 period but still up 0.8 percentage points from 2016.

2020 Rank Non-vessel-operating
common carrier
TEU Volume Jan.–Aug. 2020 Percent Volume Change vs Jan.–Aug. 2019
January–August Market Share
2016 2017 2018 2019 2020
Percent Market Share Change vs Jan.–Aug. 2019
1 Apex Group 238,940 8.9% 4.9% 4.9% 5.3% 4.7% 5.1% 0.3%
2 Expeditors International 220,255 -9.6% 5.7% 5.6% 5.3% 5.2% 4.7% -0.6%
3 C.H. Robinson 210,180 -4.4% 5.1% 5.4% 5.0% 4.7% 4.4% -0.3%
4 OEC Group 185,148 -7.2% 3.9% 3.9% 4.3% 4.3% 3.9% -0.4%
5 Honour Lane Shipping 166,254 12.6% 3.0% 3.1% 3.1% 3.2% 3.5% 0.3%
6 Kuehne + Nagel International 160,886 -1.3% 3.4% 3.6% 3.5% 3.5% 3.4% -0.1%
7 The Topocean Group 128,664 8.6% 2.6% 2.5% 2.7% 2.5% 2.7% 0.2%
8 Hecny Shipping 106,177 11.7% 2.2% 2.2% 2.3% 2.0% 2.2% 0.2%
9 DHL 75,675 -1.7% 1.5% 1.6% 1.5% 1.7% 1.6% -0.1%
10 China International
Freight Co.
69,447 8.9% 1.3% 1.5% 1.5% 1.4% 1.5% 0.1%
11 De Well 69,290 -16.4% 1.9% 2.0% 1.8% 1.8% 1.5% -0.3%
12 Orient Star Transport International Ltd. 67,796 6.7% 1.1% 1.3% 1.3% 1.4% 1.4% 0.1%
13 SeaMaster Logistics, Inc. 65,902 -2.6% 2.7% 1.9% 1.9% 1.5% 1.4% -0.1%
14 MCL Multi Container Line 60,898 -15.3% 1.1% 1.3% 1.4% 1.5% 1.3% -0.3%
15 UPS Supply Chain Solutions Inc. 58,795 -10.7% 1.7% 1.5% 1.3% 1.4% 1.2% -0.2%
16 Flexport 55,808 135.0% 0.0% 0.0% 0.1% 0.5% 1.2% 0.7%
17 DT Logistics
(Hong Kong) Ltd.
55,168 35.5% 0.1% 0.4% 0.6% 0.9% 1.2% 0.3%
18 DB Schenker 54,839 -15.3% 1.3% 1.5% 1.4% 1.4% 1.2% -0.2%
19 Safround logistics 48,448 15.4% 0.0% 0.0% 0.8% 0.9% 1.0% 0.1%
20 DFDS Group 44,868 20.5% 1.0% 1.2% 0.8% 0.8% 0.9% 0.1%
21 Pudong Prime International Logistics 39,981 1.6% 0.7% 0.8% 0.7% 0.8% 0.8% 0.0%
22 Cohesion Freight (H.K.) 39,195 0.0% 0.8% 0.7% 0.7% 0.8% 0.8% 0.0%
23 Translink Shipping 38,702 -13.5% 1.0% 1.1% 1.1% 1.0% 0.8% -0.1%
24 FedEx Trade Networks
Transport & Brokerage
38,454 -10.5% 1.0% 1.0% 1.0% 0.9% 0.8% -0.1%
25 Joosung Sea & Air Co. 37,115 19.6% 0.3% 0.3% 0.5% 0.7% 0.8% 0.1%
Total JOC Top 25 NVOs
by US Imports from Asia
2,336,886 -1.8% 48.6% 49.3% 49.9% 49.6% 49.4% -0.2%
Total NVO US Imports from Asia 4,728,488

*Data does not include imports through Canadian ports
Source: PIERS

SOURCE: https://www.joc.com/international-logistics/logistics-providers/joc-rankings-top-25-asia-us-import-nvos-see-market-shares-slip_20200922.html

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