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

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.
29 Jan 2020
Railroads and intermodal providers say there will be more volume in 2020 than last year, although shipper demand will not fully recover until the second half of this year.
UP to resume service on nearly 60 lanes it cut in 2018
28 Jan 2020
Union Pacific Railroad will resume service on nearly 60 previously eliminated lanes beginning Feb. 1, a move it linked to its precision scheduled railroading operation, but others said was designed to win back lost market share.
28 Jan 2020
The bottom of the current slump in US freight demand is approaching, but new threats, including the China coronavirus, are emerging, speakers at the SMC3 Jumpstart 2020 conference warned.
22 Jan 2020
The freight market has returned closer to equilibrium between shippers and truckers than last year, but a murky middle persists over whether business conditions will flip toward carriers later this year.
16 Jan 2020
Expect the sale or spin-off of some business to make XPO more a “pure-play” LTL trucking company — smaller, but more focused on US shippers and better positioned to increase shareholder value.
19 Dec 2019
The Cass Freight Index suggests the bottom of the trucking market has passed, although the data doesn’t provide a clear picture of when pricing power will flip toward carriers again.
26 Nov 2019
Barring a major turnaround in December, BNSF Railway and CSX Transportation will record their lowest annual intermodal volumes this year since 2016, and two other Class I railroads could possibly join that list.
19 Nov 2019
The acquisition of Emergent Cold gives US-based Lineage Logistics greater access to Asian markets and facilities at three US ports.
11 Nov 2019
In the heart of what is supposed to be peak season, rail container traffic is not only much slower than a year ago, but also behind 2017 levels as well — and truck seems sluggish, too.
05 Nov 2019
As spot intermodal rates begin to save shippers more money than earlier in 2019, shippers are seeing reduced savings on contract business.
31 Oct 2019
Top intermodal providers had few positives in describing the current state of the market with little to no seasonal uptick in container volumes on rail.
30 Oct 2019
Freight brokers believe spot market rates will remain lower than historical norms through the first half of 2020 despite a recent seasonal bump in rates.
16 Oct 2019
J.B. Hunt Transport Services said its intermodal volume was flat in the third quarter, a positive given the 4.5 percent decline in total intermodal volume across the industry.
10 Oct 2019
A bigger footprint in El Paso, Texas, will help the freight forwarding arm of Deutsche Post DHL reach more shippers in the US and Mexico.
08 Oct 2019
A logistics veteran behind the growth of startups eventually bought out by C.H. Robinson and UPS Inc. has been named CEO of a new 3PL formed through a merger between Atomic Transport of Chicago and Cousins Logistics of Boca Raton, Florida.
08 Oct 2019
Despite weak intermodal volume in the third quarter, there is a glimmer of hope for rail shippers as a sequential bump in truckload spot rates have provided additional cost savings.
08 Oct 2019
Canadian forwarder Manitoulin adds to its US holdings, expanding its global logistics network.
Convoy has catered to small shippers before now, but put a pause on serving new customers with fewer than 1,000 truckload hauls this spring and summer.
01 Oct 2019
Convoy is releasing a new transportation management system for shippers relying on spreadsheets and emails -- a free software option that provides access to Convoy quotes and booking.
26 Sep 2019
As more technology is integrated into the supply chain, a Coyote Logistics survey examines what tasks are given to computers and what humans should continue to handle.
18 Sep 2019
The acquisition of two Van Soest Coldstores facilities complements Lineage’s existing network of refrigerated sites across Belgium, the Netherlands, and the UK.
16 Sep 2019
Chicago-based Forager last week became the latest logistics technology startup to take aim at the increasingly complex US cross-border trucking market.
12 Sep 2019
Schneider National says it’s not worried about Amazon purchasing branded 53-foot containers because the intermodal provider believes only a small group of companies have the scale to insource.
11 Sep 2019
The Cass Truckload Linehaul Index has gone negative for the first time since March 2017, a signal that in addition to spot rates, contract rates are starting to suffer as well; intermodal prices are also expected to go negative in October.
04 Sep 2019
Union Pacific Railroad has dropped its plan to levy fines against trucking companies for canceling or missing ingate reservations to enter intermodal ramps in California, Oregon, and Washington.
29 Aug 2019
J.B. Hunt has informed shippers it will assess peak season surcharges on excess freight out of California and Washington state even though volumes are much weaker than a year ago.
28 Aug 2019
Union Pacific Railroad and CSX Transportation, struggling to recover volume after service cuts, are reaching out to shippers and logistics providers about reinstating direct service to Philadelphia, Cincinnati, and Columbus, Ohio, sources tell JOC.com
22 Aug 2019
Coyote Logistics reports its spot market index is down 24.9 percent year over year, but the 3PL believes an inflection point is near when demand will begin to pick up and rates climb again.
25 Jul 2019
Landstar System and Echo Global Logistics reported lower second-quarter earnings, while 3PLS are uncertain whether the malaise will linger through the end of this year.
12 Jul 2019
Analysts expect more of a negative outlook from railroads in second-quarter earnings calls, as shippers have not sent as much on intermodal as they have anticipated in 2019.
06 Jun 2019
Schneider and Landstar this week offered a tepid assessment of the truckload market in 2019 as spot rates continue to be down double digits from last year, while contract rates have turned negative, too. But there are positive signs in the data.
31 May 2019
Robert Brasher will become chief commercial officer at Landstar System at a time in which revenue is declining as spot market truck rates fall from last year’s record highs.
23 May 2019
The largest US logistics provider is expanding its over-the-road service in Europe through an acquisition, its second purchase in Europe this year.
21 May 2019
Retail giants Walmart and Amazon have entered into conversations directly with Class I railroads to enter in service agreements, bucking the historical structure in which shippers are required to use intermediaries to procure space.
Transplace plans to expand overseas “organically,” although the company will evaluate opportunities to acquire a presence in global markets via mergers and acquisitions.
08 May 2019
The Dallas-based third-party logistics provider is looking to expand beyond North America as shippers seek a more global view of their supply chains.
02 May 2019
XPO Logistics CEO Brad Jacobs says the company has “gotten its mojo back” after losing a $600 million account, and although there is plenty of data to suggest XPO will be fine in the long term, there are still some concerns that the road ahead will be bumpy.

Commentary

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