No. 23 Kühne & Nagel

2008 Annual Sales (millions): $16.904
Sales CAGR (2004-2008): 20.5%
Value CAGR (2004-2008): 7.7%

Swiss logistics company Kühne & Nagel benefited from the boom in international trade during the past decade. It was hit by the recent slump when trade volumes plummeted, but profit has been pretty stable because of cost-cutting. The company has used the downturn to build market share. Pictured above is a sea freight vessel.