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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

Deliveryperson delivers an e-commerce package.
26 May 2018
While the data on the phenomenon is in its infancy and hardly comprehensive, it appears LCL shipping — less than container load shipping – is being propelled higher by several postmodern trends that are changing the nature of global trade, including the rise of e-commerce, more-frequent shipping, and technology enabling supply chain monitoring and optimization.
Ethereum.
23 May 2018
ShipChain, the cryptocurrency-based logistics start-up company, was issued a cease-and-desist order Tuesday by South Carolina’s attorney general for allegedly transacting securities as an unlicensed broker/dealer.
Cargo at the Port of Los Angeles.
17 May 2018
As some ocean carriers retreat from offering door contracts to beneficial cargo owners, non-vessel operating common carriers that have developed working relationships with truckers over the years are stepping in to secure truck capacity at competitive rates in today’s tight US trucking market.
The Port of Oakland.
16 May 2018
The more that blockchain becomes understood, the more conceptually, at least, it fits hand in glove with international logistics. But actually transitioning logistics to the paradise of transactions being recorded instantly and efficiently is proving to be quite a formidable task.
The Port of Oakland.
05 May 2018
Change, and technological change, is occurring in logistics, but the analysis that argues ocean carriers are trying to put logistics providers out of business is a stretch. The more likely scenario is more diverse — and one that will ultimately benefit the customer.
A container ship passes under the Golden Gate Bridge.
02 May 2018
In that debate, Flexport's CEO underscored the company's performance to date, and how he sees 2018.

Commentary

The more that blockchain becomes understood, the more conceptually, at least, it fits hand in glove with international logistics. But actually transitioning logistics to the paradise of transactions being recorded instantly and efficiently is proving to be quite a formidable task.