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

22 Jun 2022
Despite softening spot rates in some modes, overall supply chain costs are rising, with higher interest rates putting more pressure on inventories, according to the CSCMP State of Logistics report.
17 Jun 2022
C.H. Robinson Worldwide says the changing trucking market is driving up demand for automated spot pricing quotes by double-digit percentages.
13 May 2022
The debate over whether a freight recession is starting in US trucking is getting hotter as spot rates decline but other demand and pricing indicators stay positive.
13 Apr 2022
Lineage’s latest acquisition expands the global food chain logistics company’s reach across Canada.
22 Feb 2022
As it prepares to go public, Transfix is looking to derive more revenue from non-transactional shipper services, including its drop trailer program, and to draw smaller shippers to its platform.
16 Feb 2022
C.H. Robinson Worldwide, the largest US freight broker, sees autonomous trucking as a “new mode” and a way to better manage its partners’ assets, creating capacity for shippers.
01 Feb 2022
The acquisition of cross-border specialist Forager Group will help multi-modal logistics provider Arrive offer shippers more visibility, connections, and capacity.
06 Jan 2022
A fresh round of investor cash sets the stage for greater automation and expansion of facilities in Lineage’s global cold-chain network.
14 Dec 2021
The $480 million purchase of the former Port Logistics Group connects seaports more closely to Ryder System’s e-commerce fulfillment network.
21 Oct 2021
C.H. Robinson Worldwide is linking its less-than-truckload carrier network to the retail platform offered by SPS Commerce to help shippers get retail goods onto shelves and avoid holiday stockouts.
19 Oct 2021
Choptank expands Hub Group’s refrigerated brokerage business as US shippers demand greater access to transportation capacity across modes and sectors.
12 Oct 2021
The third-party logistics market is being reshaped in a crucible of ongoing supply chain disruption and technology, Transplace CEO Frank McGuigan told the JOC Inland Distribution webcast.
05 Oct 2021
Recent merger and acquisition activity, such as the ArcBest-Molo deal, proves many investors believe opportunity lies in third-party logistics providers.
21 Sep 2021
As shippers increasingly turn to – or are forced to – the spot market for truck capacity, automation will identify opportunities to lower costs, according to C.H. Robinson Worldwide.
10 Sep 2021
The $1.3 billion acquisition of Echo Global Logistics by a private equity company will fuel an automation drive at the third-party logistics provider as shippers dealing with disruption demand more sophisticated technology.
22 Jul 2021
The acquisition of third-party logistics provider Transplace will transform Uber Freight, providing greater access to shippers, as it builds a “fully-scaled” logistics platform.
15 Jul 2021
Digital broker Uber Freight is expanding its truckload platform to encompass LTL, as strapped US shippers turn to LTL carriers and 3PLs such as BlueGrace for capacity.
17 Jun 2021
The e-commerce boom means more vehicles moving more goods, and potentially emitting more pollutants, but DHL also sees opportunities to advance sustainability goals on land, sea, and in the air as e-commerce expands.
14 Jun 2021
The planned merger of GlobalTranz and Worldwide Express is being driven by extreme US freight market conditions that will push shippers toward third-party logistics providers.
11 Jun 2021
The planned merger of GlobalTranz and Worldwide Express, creating the fourth-largest freight brokerage in North America, allows the third-party logistics providers to pool parcel, less-than-truckload, and truckload capabilities in tight surface capacity market.
02 Jun 2021
The Coyote Curve truckload market forecast calls for a new spot pricing peak in the third quarter, but the pricing cycle may not turn downward until 2022.
01 Jun 2021
The largest US truckload operator, Knight-Swift, acquired non-asset 3PL UTXL to gain access to additional trucks and drivers, as well as new logistics services.
06 May 2021
The JOC Intermodal Savings Index hit a new record in Q1, but rising spot intermodal rates and surcharges could reduce savings in Q2.
28 Apr 2021
Freight broker and forwarder C.H. Robinson is growing LTL volume "faster than the marketplace” as US shippers scramble to find available capacity for shipments.
23 Apr 2021
Third-party logistics and software firms such as C.H. Robinson Worldwide and Blume Global are broadening the use of technology to drive emissions out of supply chains, increasingly for smaller customers as well as global corporations.
16 Apr 2021
J.B. Hunt will be adding 12,000 new containers in 2021, upping its original order announced in January based on increased shipper demand for intermodal service.
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.

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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