U.S. 3PL Market Set to Grow 5.2% This Year
The U.S. third-party logistics market gross revenue grew 3.2% from 2012-2013 and growth will be 5.2% for 2014 as the U.S. economy continues to expand.
U.S. 3PL Market 1996-2014 gross revenues, estimated, in billions of dollars. Credit: Armstrong & Associates
U.S. 3PL Market 1996-2014 gross revenues, estimated, in billions of dollars.
Armstrong & Associates
The U.S. third-party logistics market gross revenue grew 3.2% from 2012-2013 and growth will be 5.2% for 2014 as the U.S. economy continues to expand, according to a new report from the supply chain management market research and consulting firm Armstrong & Associates.
It forecasts net revenues are expected to increase by 4.3% from $64.6 billion in 2013 to $67.4 billion in 2014. Gross revenues are expected to hit $154 billion in 2014, up from $146.4 billion the previous year.
Domestic transportation management is expected to increase 7.5%.
“Growth in DTM continues to be fed by the expansion of the base of customers using third-party logistics providers,” said the group. “It is common now for customers with as little as $3 million in transportation spend to use at least one 3PL. Similarly, third-party logistics services provided are more systems-driven rather than just load-by-load transactions.”
The complete report can be found on the Armstrong & Associates website.
More Fleet Management
American Trucking Associations Looks for a New Leader
ATA President and CEO Chris Spear abruptly left his job at the association on August 21, at a pivotal time for the trucking industry.
Read More →
Public Wi-Fi Cybersecurity Risks: How Truck Drivers and Fleets Can Protect Their Data
Public Wi-Fi can expose truck drivers and fleets to credential theft, malware, and other cyber threats. Here’s how to reduce the risk on the road.
Read More →
For Nicky Cupp, Fleet Innovation Starts With Frustration
HDT Truck Fleet Innovator Nicky Cupp turns everyday pain points at Fraley & Schilling into opportunities for better technology and smarter processes.
Read More →
Adam Buttgenbach’s Approach to Electric Trucks: Start With Where They Fit
HDT Truck Fleet Innovator Adam Buttgenbach helped PepsiCo build one of North America’s largest EV fleets by focusing on where electric trucks make operational sense.
Read More →
Deen Albert: Let Automation Do the Math, People Make the Decisions
HDT Truck Fleet Innovator Deen Albert makes sure people are still at the heart of operations at Grand Island Express, even while adopting artificial intelligence tools. AI-assisted dispatch helped boost revenue 25% with the same number of trucks.
Read More →
Trimble’s New AI Agent Takes Aim at Fleet Back-Office Busywork
Arc Agent works across Trimble TMS products to automate repetitive tasks such as freight orders, maintenance, invoices, fuel costs and more.
Read More →
How HDT’s 2026 Truck Fleet Innovators Are Rethinking Fleet Operations
Meet five trucking leaders who are challenging assumptions, solving operational problems, and putting innovative ideas to work.
Read More →
Tight Trucking Capacity Pushes Rates Higher Even as Freight Volumes Fall
“Spot rates moving ahead of contract rates have historically signaled a tightening market, but we haven’t seen a capacity-driven market quite like this one,” said DAT's Dean Croke.
Read More →
Import Cargo’s Early Peak Season is Winding Down
There was an early start to peak season this year at the nation's gateway ports, as retailers brought in merchandise ahead of tariff changes in late July and responded to other supply chain uncertainties,
Read More →
Fewer Cargo Thefts, Bigger Losses: Criminals Target Higher-Value Loads
CargoNet says organized theft rings are stealing fewer shipments but choosing more valuable freight, including metals and technology, resulting in record losses.
Read More →