Top 50 3PLs

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.

Top 50 3PLs 2018 Ranking

Top 50 3PLs 2017 Ranking

News & Analysis

12 Apr 2021
Domestic intermodal shippers in California will be subject to a surcharge of $1,000 to $1,500 on excess contract cargo beginning Apr. 25, the first time Union Pacific has instituted such a peak-season fee before the summer.
08 Apr 2021
Shippers can save more money than ever before on intermodal, if they could find equipment and draymen to move their cargo to and from rail terminals amid scarce supply of both.
05 Apr 2021
Third-party logistics industry had a banner 2020, with double-digit revenue growth, according to SJ Consulting.
02 Mar 2021
Knight Swift CEO Dave Jackson tells JOC’s virtual TPM21 conference that trailer pools, agility, and long-term thinking is the way carriers and shippers can reduce the wild swings seen in trucking rates since 2017.
16 Feb 2021
Union Pacific Railroad is shutting down virtually all business across its intermodal network for 72 hours because of snow and ice in the Pacific Northwest, Midwest, and even as far south as Texas.
16 Feb 2021
A growing gap between inventory and sales in many US business sectors is projected to drive replenishment, expedited shipping, and high levels of imports for months to come.
03 Feb 2021
Shippers may see intermodal savings evaporate in the first quarter if rail contracts rise more than 10 percent and spot truck rates continue to cool off and pressure truck contracts.
Transplace urges shippers to actively manage routing guides and optimize networks now, rather than attempt to “time the market.” Photo credit: Shutterstock.com.
03 Feb 2021
Fewer trucking companies are responding to shipper bids, as contract truckload pricing rises by high single-digit percentage rates, Transplace executives said Tuesday.
02 Feb 2021
A significant number of truckload shippers delayed annual bids with the largest US truck freight broker in the fourth quarter to avoid spiking contract rates.
26 Jan 2021
Additional acquisitions will fuel growth for both XPO’s transportation and contract logistics businesses, soon to be separate companies, chairman and CEO Bradley S. Jacobs said.
29 Dec 2020
Third-party logistics provider GlobalTranz saw a strong increase in demand for managed transportation service in 2020 and expects the outsourcing trend to continue as supply chain disruption spills into 2021.
18 Dec 2020
There’s debate about how much of a knock-on effect COVID-19 vaccine distribution could have on other types of cargoes, but US shippers are cautioned to plan for some disruption.
16 Dec 2020
BNSF Railway is limiting the amount of containers its partners can bring into a terminal in Southern California and on certain Chicago lanes due to volumes that usually tail off after Thanksgiving but have stayed elevated this year.
14 Dec 2020
Norfolk Southern has shut the gates on containers and trailers entering its 63rd Street terminal in Chicago to five Northeast locations due to a crush of volume, likely sending the loads to full truckload.
07 Dec 2020
A tighter focus on transportation and technology following a corporate split will improve the service and experience XPO offers to shippers globally, the company and transportation analysts say
07 Dec 2020
Intermodal executives want to address the chronic congestion issues in 2020 with railroads and BCOs, but universally accepted solutions are hard to come by.
02 Dec 2020
XPO Logistics will be spun off into two separate businesses, one solely focused on US transportation and the other focusing on US and European contract logistics.
05 Nov 2020
Rebid freight now or wait for what may be a calmer first quarter? That’s the question US truck shippers face, Echo Global Logistics chairman and CEO Doug Waggoner says.
14 Oct 2020
The long run-up in spot market truckload rates and truck freight demand may be reaching its peak, but don’t expect a quick descent, speakers at the Transplace Shipper Symposium said Wednesday.
22 Sep 2020
A new service from C.H. Robinson could replace the annual truckload bidding process with a more dynamic approach to procuring trucks and increasing savings across networks of freight lanes.
01 Sep 2020
Third-party logistics provider Transplace looks to expand its shipper customer base through the acquisition of LeanCor, a supply-chain company focused on lean manufacturing.
27 Aug 2020
Shippers need quicker access to carrier, rate information as lanes, customers, and pricing shift under COVID-19, C.H. Robinson says.
12 Aug 2020
Despite optimism that BNSF Railway’s congestion may ease, intermodal marketing companies expect demand to be high and equipment dislocations to persist through October in California.
06 Aug 2020
Intermodal volume, rates, and savings have been on a rollercoaster this year, surging this summer to levels higher than a year ago after steep declines this spring during the height of the pandemic.
24 Jul 2020
Union Pacific Railroad blames volatile swings in volume for congestion in Los Angeles in June, but intermodal marketing companies say it remains difficult to find space on trains because of a surge in e-commerce business.
17 Jul 2020
Despite an unexpected uptick in intermodal volume to close the second quarter, J.B. Hunt Transport Services says third-quarter consumer demand remains unpredictable due to the effects of the COVID-19 pandemic.
16 Jul 2020
The continuing surge in COVID-19 cases acts as an anchor on the economic recovery and could turn a U-shaped recovery into a W-shaped one, IHS Markit’s chief economist warns.
07 Jul 2020
Intermodal shippers are increasingly putting pressure on 3PLs to waive container fees as a precondition for business amid the coronavirus-linked recession.
25 Jun 2020
Spot rates have jumped more than 40 percent in the last four weeks for shippers using rail-owned boxes out of Los Angeles due to an equipment shortage in Southern California unseen since 2018.
23 Jun 2020
BNSF Railway has unveiled a five-day per week train service between Seattle and CSX’s Ohio hub about an hour south of Toledo.
23 Jun 2020
The pandemic-inspired shift to online shopping will have lasting effects on shippers’ transportation choices, according to the CSCMP State of Logistics Report.
09 Jun 2020
US businesses are rushing to develop a clearer picture of customer demand and freight capacity as they move beyond the early stages of reopening stores and factories.
02 Jun 2020
The acquisition of ScanData gives Transplace broader supply chain reach as the COVID-19 pandemic accelerates e-commerce demand.
22 May 2020
Tightening truck capacity will collide with rising freight demand by 2021, flipping pricing power back to truckers next year, Coyote Logistics predicts, but consumer behavior is a wild card.
08 May 2020
JOC’s Spot Intermodal Savings Index hit an 14-month low in a preliminary April reading, the first snapshot of how the COVID-19 pandemic has altered the math on how much money intermodal can save a shipper.
06 May 2020
A 9 percent boost in organic last-mile revenue signals more consumers are purchasing goods, including heavy goods, at home, a trend XPO’s CEO thinks could be permanent.

Commentary

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