Trending Up: 3PL Market Predictions for 2014 and 2013 Results - WOWK 13 Charleston, Huntington WV News, Weather, Sports

Trending Up: 3PL Market Predictions for 2014 and 2013 Results

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SOURCE Armstrong & Associates, Inc.

WEST ALLIS, Wis., July 10, 2014 /PRNewswire/ -- The U.S. 3PL market gross revenue grew 3.2% from 2012-2013. Armstrong & Associates, Inc. (A&A) estimates that growth will be 5.2% for 2014 as the U.S. economy continues to expand.

U.S. 3PL Market 1996-2014E (US$ Billions)

Net revenues are expected to increase by 4.3% from $64.6 billion in 2013 to $67.4 billion in 2014. Domestic Transportation Management (DTM) should increase 7.5%. Growth in DTM continues to be fed by the expansion of the base of customers using third-party logistics providers (3PLs). 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. Systems based "Enterprise Accounts" constitute a significant part of the business for all major domestic transportation managers.  

The complete report and other A&A market research can be found at:

Armstrong & Associates, Inc. is a supply chain management market research and consulting firm specializing in strategic planning, logistics outsourcing, competitive benchmarking, mergers and acquisitions, 3PL service/cost benchmarking, and supply chain systems evaluation and selection. Armstrong & Associates publishes Who's Who in Logistics and Supply Chain Management – The Americas and Who's Who in Logistics and Supply Chain Management – International. Recent research papers include "Trends in 3PL/Customer Relationships," "3PL Brand Recognition, RFP Activity and Expected Profit Margins for 3PLs – 2013," "Mexico: Trucking, Railroads and Third-Party Logistics Market Report," and "The Business of Warehousing in North America – 2012 Market Size, Major 3PLs, Benchmarking Costs, Prices and Practices."

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