Armstrong and Associates

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.

In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group, interviews Evan Armstrong, President of Armstrong & Associates.

In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group, interviews Evan Armstrong, President of Armstrong & Associates.

According to the latest data from supply chain consultancy Armstrong & Associates, in 2016, the global third-party logistics market reached $802 billion and is on track to exceed $1.1 trillion in 2022.

Uber has officially launched Uber Freight, the company’s new service that will match truckers with companies who need cargo shipped across the country.

The trend set over the past few years for mergers and acquisitions has hardly subsided, and a fresh injection of equity investment is transforming the marketplace, at the same time, shippers may expect to see 3PLs continue to purchase high-tech “solutions” and hire young professionals for implementation.

The report is ideal for shippers seeking a spare parts logistics provider, for providers that wish to benchmark service offerings, or for researchers in need of market sizing data.

The report includes global spare parts logistics market estimates, which are further calculated at the country/region level and for major industry verticals, and details the logistics capabilities of seven leading providers.

In an increasingly interconnected world, where trade is a core component of economic activity, creating a more seamless global supply chain is now vital, however, a new generation of tech-savvy freight forwarders may be creating just the right amount of disruption the industry needs to improve synchronization.

Advanced logistics technologies will create a faster, cheaper and more sustainable circulation of goods.

The leading Third-Party Logistics market research firm profiled 27 companies providing "Uber for Trucking" solutions, and its research concludes that "Digital Freight Matching" is a much more apt description.

Following last year’s merger and acquisition frenzy, the speed of technology implementation by the new “mega 3PLs” will need to keep pace with the evolving challenges of omni-channel fulfillment, and those providers that meet shipper needs will remain dominant.

Third-party logistics is a key element of a U.S. economy that is the primary bright spot in the long tunnel of the global economic recovery, and in particular, the truck-related components of domestic third-party logistics have prospered during the current economic expansion.

In the wake of the recent acquisition of Norbert Dentressangle by XPO Logistics, the logistics community is bracing for even more major consolidation deals, and the third-party logistics provider (3PL) community is loving it, especially as their margins continue to widen - particularly throughout North America.

CarrierDirect notes logistics agent programs dwindle as business owners move towards stronger platforms such as franchising.