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

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.
30 Apr 2020
The largest US logistics provider is prioritizing technology spending as the COVID-19 pandemic demonstrates why more automation and digitization is needed.
28 Apr 2020
The COVID-19 pandemic has flipped UPS’s business, with nearly 70 percent of package volume now residential. That means more mileage, more stops, and more costs.
16 Apr 2020
XPO Logistics CEO Bradley S. Jacobs believes the US and global economies will recover in “fits and starts” in the second half of 2020, and supply chains will become more resilient.
15 Apr 2020
J.B. Hunt Transport Services acknowledges a rough second quarter is ahead, while there’s much unknown about how severe the impact of the coronavirus disease (COVID-19) on business conditions will be.
13 Apr 2020
Widespread business shutdowns will plunge third-party logistics providers and truck freight brokers into “trench warfare” over pricing, and contribute to bankruptcies that could threaten capacity.
09 Apr 2020
Intermodal volume last week was the weakest in a nearly a decade as the coronavirus disease (COVID-19) has wreaked havoc on the railroads, which an industry analyst believes could cost Class I railroads $9 billion dollars.
03 Apr 2020
With freight volumes expected to plunge over the next six months as the US falls into recession, shippers should remember their strategic trucking carriers and work together to weather the storm.
03 Apr 2020
Surging e-commerce volumes continued to drive growth among the 50 largest global logistics providers in 2019, but excluding Amazon, revenue not only decelerated, it actually fell from the previous year.
27 Mar 2020
Digital truck brokers have found it hard to confidently provide an accurate guaranteed rate to shippers 14 or 21 days in advance because of the unpredictable developments of coronavirus disease 2019 (COVID-19), causing one-off quotes to be higher than normal.
24 Mar 2020
The truck plant shutdowns follow a wave of broader automotive factory shutdowns the previous week, led by the big three automakers, Ford, General Motors and Fiat Chrysler, who were followed by Honda, Nissan, Toyota, and Volkswagen.

Commentary

The reason blockchain has so much appeal to owner-operator truckers is that it puts them on an equal footing with their larger competitors.

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