3PLs

Total estimated 2023 global 3PL market revenue was off 18.5% annually, coming in at $1.2 trillion. But even with that decline, the firm observed that this tally still represented a 25.3% increase, when compared to pre-pandemic 2019.

San Francisco-based Uber Freight, a subsidiary of the ubiquitous, ride-sharing service Uber, whose proprietary app matches trucking companies with loads to haul, and a non-asset-based third-party logistics services provider, provided multiple updates on various technology-focused services and initiatives at Deliver, its annual customer conference

Armstrong data points to a 24% annual increase to $148.1 billion, with overall gross revenues seeing an 18.3% annual increase, with total U.S. 3PL Market revenue coming in at $405.5 billion, for 2022.

Discover how more companies are turning to outside partners that can provide the people, processes and technology to run a successful material movement operation while allowing the company to focus on what it does best—growing its business.

The trio of strong consumer demand, ongoing supply chain bottlenecks, and tight carrier capacity worked in tandem to drive air, ground, and ocean transportation rates to all-time highs in 2021, with shippers turning to third-party logistics (3PL) services providers on various fronts, including inventory replenishment and avoiding stock outs, according to a new report recently issued by Milwaukee-based supply chain consultancy Armstrong & Associates.

A report issued this week by Scottsdale, Ariz.-based Blue Yonder (formerly JDA), a provider of AI-driven and end-to-end supply chain management service, in partnership with Reuters Events Supply Chain, examines priority strategies and investments for supply chain professionals across transportation and warehousing, across a few different themes, including supply chain and risk management within transportation and warehousing, among others.

The global pandemic has presented unprecedented challenges. Yet, third-party logistics operators have demonstrated resiliency and strength.

The development comes at a time when SEKO is moving forward on its next stage of expansion, focusing on additional acquisitions, technology platform investments, and continued growth in key global regions.

For many industry thought leaders, analysts and educators, the impact made by the COVID-19 pandemic has yet to realign the current third-party logistics marketplace. But when it does, shippers may expect far greater reliance on innovative technologies requiring substantial capital investment.

Today's marketplace is not for the faint at heart. Leading industry analysts maintain that in the current volatile business environment, an increasing number of logistics service providers are being forced to take dramatic action to generate positive impact rapidly—or risk going out of business.

Cathy Morrow Roberson, Founder & Head Analyst for Logistics Trends & Insights LLC – a boutique market research firm that specializes in global supply chains – recently shared her observations on the current state of the global and domestic Third-Party Logistics (3PL) industry in this exclusive interview.

With 100% annual growth in its Transportation Services group, Chattanooga Tennessee-based 3PL recently announced it is taking steps to expand its footprint in that space through additions on various fronts.

In this Special Digital Issue, the editorial staff of Logistics Management has curated a number of features to help shippers understand the breadth of services today’s third party services companies have to offer and share how they can create a long-lasting, mutually-beneficial relationship with today’s more multi-faceted third party partners.

State of 3PL: More mergers and aquisitions on the horizon

The inexorable advance of Amazon is creating new challenges for logistics managers who must meet heightened shipper expectations while navigating today’s complex 3PL marketplace.