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.
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.
U.S. E-commerce logistics costs expected to keep heading in one direction: up
April 27, 2018
The ongoing impact of e-commerce related to logistics costs in the United States continues to head up rapidly, due to a variety of factors, according to a new report issued this week by supply chain consultancy Armstrong & Associates.
