Latest posts about Armstrong & Associates
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LM Podcast Series: 3PL market update with Evan Armstrong
March 25, 2024
Themes focused on over the course of this podcast included: the state of the market; ways in which the pandemic affected 3PL operations; M&A; how 3PLs are adjusting to and leveraging nearshoring; and the economy, among other topics.
3PL market update with Evan Armstrong
March 11, 2024
In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group interviews Evan Armstrong, President of Brookfield, Wisc.-based supply chain consultancy Armstrong & Associates.
Wincanton’s board endorses GXO’s acquisition offer
March 1, 2024
Following a previous announcement that Greenwich, Conn.-based global contract logistics services provider GXO Logistics made a $965 million cash offer to acquire Chippenham, UK-based Wincanton, a supply chain solutions services provider across myriad vertical markets, it appears that Wincanton is receptive to the offer.
Global 3PL market revenues fall in 2023, with future growth on the horizon, Armstrong report notes
February 28, 2024
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.
2023 In Review: Let’s turn the page
December 6, 2023
We canvassed a seasoned group of industry observers to record what happened this past year and what it means to our logistics and supply chain operations as we head into 2024. Here’s what they had to say.
Digital Freight Matching (DFM) Roundtable: Swift momentum amid an uncertain economy
November 6, 2023
With excess capacity and lower rates, the digital freight matching (DFM) market is keeping its eye on the ball as the segment ramps up to leverage AI to gain visibility and improve real-time monitoring capabilities.
Third Party Logistics (3PL) providers bolster e-commerce fulfillment services
October 1, 2023
A continued shift to remote work; the need for retailers to offer nimble shipping options; and the importance of warehouse operations to reduce inventory while increasing throughput are factors pushing laser-focused 3PLs to invest heavily in automation to make it all happen.
Top 25 Freight Forwarders 2023: Bumps ahead for freight forwarders
September 5, 2023
The freight forwarding market continues to be negatively affected by the ripple effects of normalization in consumer behavior, as well as the global economic and manufacturing slowdown. Consequently, volumes handled by freight forwarders slowed down in the second half of 2022.
3PLs saw strong revenue gains in 2022, finds Armstrong report
July 31, 2023
2022 was a "very good growth year" for third-party logistics (3PL) companies, Armstrong & Associates study concludes.
2022 U.S. 3PL revenues see strong gains, notes Armstrong report
July 28, 2023
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.
DSV announces acquisitions of S&M Moving Systems West and Global Diversity Logistics
March 21, 2023
DSV said that the objective of these acquisitions are three-fold: to augment its position within the semiconductor industry; align with its new Phoenix-Mesa Gateway Airport operations; and support its growing cross-border services into Latin America. It added that these acquisitions are expected to be made official next month.
Armstrong report takes a look at a ‘downshifting’ in the global 3PL market
February 7, 2023
A recently-released report by Brookfield, Wisc.-based supply chain consultancy Armstrong & Associates highlights the pandemic-driven swings the pandemic has had on the third-party logistics (3PL) sector, from various perspectives, including revenue, costs, and services, among others. Entitled, “Downshift: Latest Global and Regional Logistics Costs and Third-Party Logistics Market Trends and Outlook,” the report is replete with 3PL market data and analysis, taking a look at the recent past and what may be in store, in the coming years, too.
New Armstrong report assesses last-mile logistics growth in the U.S.
January 5, 2023
The report, entitled “Making it Count”: Big and Bulky Last-Mile Delivery in the United States,” is the result of a partnership between Armstrong and the National Home Delivery Association (NHDA) and focuses on various trends and themes, including: the usage of independent contractors compared to employee drivers; customer and revenue trends by vertical industry; and the growing use of freight brokerage to source last-mile carrier capacity.
Digital Freight Matching Roundtable: Sky’s the limit
November 8, 2022
As the need to secure capacity quickly and efficiently grows, DFM continues to build market share and investor interest—and put increased pressure on traditional brokers.
Armstrong data points to record-breaking 2021 3PL revenues
July 22, 2022
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.