3PL market report indicates strong sector performance

Middlemen comprising the Transportation Intermediaries Association made money last quarter, say researchers.

By ·

Middlemen comprising the Transportation Intermediaries Association (TIA), made money last quarter, say researchers.

In its recently-released paper – 2nd Quarter 2014: TIA 3PL Market Report – TIA members’ revenue increased.

“Activity increased across all measurements compared to last quarter,” noted report author Mark Christos. “Total shipments, total revenue, invoice amount per shipment, and gross profit margin percent increased by almost 8%, 12.6%, 4.4% and 60 Basis Points respectively. DOE fuel cost per gallon decreased modestly by 0.4% in the period.

The report relies on data drawn from three categories of members based on revenue; the report represented over 1.53 million shipments and over $2.95 billion in total revenue for Q2 2014.

The TIA 3PL Market Report separates performance by the core services each 3PL offers. Nearly 98% of all revenue was derived from over-the-road truckload (TL), rail intermodal (IM) and Less-than-Truckload (LTL).

“3PLs continued to grow, expand, and change their businesses,” said TIA President & CEO Robert Voltmann.  “This is TIA’s 23rd quarterly report on the 3PL industry. The report indicates that 3PLs continue to expand their services. The percent of 3PLs offering intermodal and LTL continues to increase each quarter and 100% of all 3PLs report activity in TL.” Voltmann said.

More details of the report will be share with shippers when the Intermodal Association of North America (IANA) stages its annual Expo in September.

The 21-page report has over 30 charts and data tables that further examine additional metrics of each mode. Additionally, the report contains rolling six quarter trends, fuel price comparisons, and provides any 3PL to see how the overall industry is performing as well as the ability to compare to companies within their peer group based on size.

The publication is based on a monthly survey of TIA members who submit real operating data, and answer questions on business conditions affecting the 3PL industry.


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

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!

Article Topics

3PL · IANA · Intermodal · TIA · Transportation · All Topics
Latest Whitepaper
How to Minimize Costs with Enterprise Labeling
The right labeling solution will allow companies to stand up to their everyday challenges and add value.
Download Today!
From the February 2019 Logistics Management Magazine Issue
The editorial staff of Logistics Management has focused much of this issue on helping global shippers better manage what they can control. And, we shed some light on the technology and partnership options that savvy shippers are putting to work to help mitigate risk and dull some of the headaches.
State of Global Logistics: Time for a reality check
Preview some of the innovations you will see at ProMat 2019
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Freight Tech: Separating Need from Noise
In this webinar experts will share practical advice for selecting solutions that provide quick time-to-value while readying your supply chain for long-term success.
Register Today!
EDITORS' PICKS
Ember: Finding the perfect temperature
Inventor of the world’s first temperature-controlled mugs turns to a single third-party logistics...
2019 Rate Outlook: Pressure Builds
In 2019, the world economy will enter a third straight year of broad-based growth, but many...

2019 Transportation Management Systems (TMS) Market Update: Keeping pace with the times
The transportation management systems market is growing right along with the number of challenges...
The Logistics News that Shaped 2018
Every year at this time, group news editor Jeff Berman combs through the mountain of news that was...