3PLs finding balance, hitting service goals

According to Evan Armstrong, president of 3PL consulting firm Armstrong and Associates, U.S. 3PL gross revenue in 2013 saw annual gains, up 3.2 percent over 2012 at $146.4 billion. He says that while global trade and economic activity serve as the “ultimate drivers” of market growth, the maturity of competitive service offerings and the size of major players are contributing to slower growth rates.

By ·

According to Evan Armstrong, president of 3PL consulting firm Armstrong and Associates, U.S. 3PL gross revenue in 2013 saw annual gains, up 3.2 percent over 2012 at $146.4 billion. He says that while global trade and economic activity serve as the “ultimate drivers” of market growth, the maturity of competitive service offerings and the size of major players are contributing to slower growth rates.

In the past, Armstrong says that the 3PL sector has grown about three times as fast as GDP. However, the market is now at a point where it is “getting big enough” and will likely grow at a rate less than three times GDP unless there’s significant economic activity to the upside.

Also key to growth, he says, is the ability of 3PLs to extend their services beyond the basics, providing opportunities to increase their value and resolve additional challenges. According to LM readers, these 26 providers have done just that.



2014 Quest for Quality Winners Categories

NATIONAL LTL | REGIONAL LTL | TRUCKLOAD | RAIL/INTERMODAL | OCEAN CARRIERS | PORTS | 3PL | AIR CARRIERS and FREIGHT FORWARDERS


home page


Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Latest Whitepaper
SaaS Supply Chain Management Systems
A guide to better understanding the market, the software and the benefits
Download Today!
From the January 2017 Issue
Following LM tradition, we start off the New Year with our annual “Rate Outlook” cover story and subsequent Webcast
Moore on Pricing: The other TMS functional options
2017 Rate Outlook: Where are freight transportation rates headed?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2017 Rate Outlook: Where are freight transportation rates headed?
Join our panel of top oil and transportation analysts for an exclusive look at where rates are headed and the issues driving those rate increases over the coming year.
Register Today!
EDITORS' PICKS
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...
Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...

Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...
Motor Carrier Regulations Update: Caught in a Trap
The fed is hitting truckers with a barrage of costly regulations in an era of scant profits....