Third-party logistics providers enjoyed another growth year in 2022, driven by inventory buildup from past supply chain disruptions and decreasing purchased transportation costs.
Author: Evan Armstrong
High Demand Drives 3PLs to Best Growth Year on Record
Strong consumer demand, continued supply chain bottlenecks and tight carrier capacity sent air, ground and ocean transportation rates soaring to historic levels in 2021 as shippers leaned on third-party logistics providers to bolster inventories and av…
Pandemic Upends Logistics Market
The COVID-19 outbreak created a volatile U.S. third-party logistics market in 2020, which presented growth opportunities for 3PLs with strong carrier management, e-commerce and airfreight forwarding capabilities, while other 3PLs did not fare as well.
2018 Was a Year of Extraordinary Growth for 3PLs
The two main drivers of growth for logistics companies in 2018 were an inventory buildup to beat tariffs and solid expansion in the domestic economy.