Top 50 3PLs

Buoyed by the growth of the US domestic transportation management, the revenue of the 50 largest logistics companies increased 10.3 percent to $253 billion in 2017, according to Pittsburgh-based reseach and consulting firm SJ Consultng — good for a 10.2 percent growth rate. Further given the streghening global economy in late 2017/early 2018, analysts expect 2018 to be another year of substantial growth.

Buzz word / key phrase for 2018: "Adapt or else." 

Beyond that, the buzz words / key phrase for the sector is, “Adapt or else.” Consulting firm and anayst Armstrong & Associates noted that the rapid expansion of e-commerce will continue in 2018, as will the focus on supply chain visibility. Also, complete, integrated services are becoming paramount fo 3PLs, which are working to establish visibility in into all locations. “Simultaneously, from the customer side there’s is a need to be timely. They are placing much more emphasis on proper timing,” Armstrong said, as is integrating all services so that customers have one contact person. That’s the future, Armstrong noted.

 

Special Coverage

A warehouse.
In 2017, the strengthening global economy increased business volumes and freight rates — boosting Top 50 third-party logistics providers’ revenue, while fueling niche mergers and acquisitions.

News & Analysis

A warehouse/distribution center in the United States.
20 Nov 2018
Those involved in freight auditing, invoicing, and payment services are tapping into new technologies, as well as new methods of aggregating and analyzing data, to meet the changing and, in many cases, more-demanding requirements of today’s shippers.
Logistics providers and global trade.
16 Nov 2018
The tool is an extension of the company’s Sea Explorer platform, first released in March to help Kuehne + Nagel customers determine which global services best suit their needs based on a number of performance metrics.
Supply chain management.
15 Nov 2018
Collaboration is not just an activity, but a process, and it requires a focus on customer experience, logistics executives told the Traffic Club of Chicago at a Business Development Symposium Wednesday.
Container at the Port of Los Angeles.
13 Nov 2018
Research earlier this year by Drewry Supply Chain Advisors found that large shippers face ocean freight invoicing inaccuracy rates of 2 to 5 percent, while smaller shippers face rates as high as 30 percent.
Warehouse sites in Metro New York/New Jersey area.
12 Nov 2018
With consumers demanding ever faster delivery times, shippers are looking for space that helps them meet that demand, including nontraditional warehouse space.
SF.
12 Nov 2018
Is venture capital (VC) advancing the logistics technology start-up sector for the betterment of shippers? Or is it distorting the market and penalizing well-run companies that are not VC-backed?

Commentary

Importers of record must be alert to how products are being classified, particularly when working with overseas exporters who may be willfully or unwillfully trying to skirt the system by declaring goods with the wrong country of origin or an incorrect HTS code. The stakes are far too high to leave this unaddressed

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