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.
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.
Ascend announces acquisition of DTS, in move geared towards expanding dedicated operations
January 26, 2022
Atlanta-based dry van, full truckload carrier Ascend made its first acquisition this week, purchasing Greenville, South Carolina-based Dedicated Trucking Solutions (DTS), a provider of dedicated contract carriage services.
Armstrong examines differences between Dedicated Contract Carriage and Dedicated Truckload Capacity
October 26, 2021
A new report recently issued by Milwaukee-based supply chain consultancy Armstrong & Associates, entitled “Dedicated Contract Carriage vs. Dedicated Truckload Capacity—The Search for Untapped Capacity,” takes a deep dive into the challenges the trucking sector faces, at a time when capacity is perhaps tighter than it has ever been.
