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.

 

Special Coverage

Industrial Terminals Houston.
Oaktree, primary shareholder of now-insolvent Hansa Heavy Lift, in January became a key partner with Kansas-based transportation provider Watco Companies.

News & Analysis

15 Feb 2019
Despite a forecast loss of $600 million in e-commerce revenue, XPO Logistics expects to increase revenue 3-5 percent in 2019, as it enters a more mature phase of growth.
Freight forwarder technology.
31 Jan 2019
Middle market software-as-a-service product is designed to democratize access to software tools that most small to midsize forwarders couldn’t afford to build themselves.
Port of Dover.
31 Jan 2019
UK forwarders, shippers, and ferry operators fear that any delay caused by customs checks will quickly lead to extensive bottlenecks and disruption.
A nacelle being transported.
31 Jan 2019
US ports specializing in the handling of wind components and the heavy-haul truck lines are gearing up for an increase in wind projects.
Containers stacked at a port.
30 Jan 2019
Stakeholders at the public container gateway worked harder to improve efficiency, amid ever-challenging market conditions.
A wind farm in the United States.
30 Jan 2019
Several US ports, many in the Gulf, are expecting a surge in wind cargo during the next 24 months.

Commentary

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