Descent: Armstrong’s Latest Global and Regional Logistics Costs and Third-Party Logistics Market Trends with a Focus on Tech Vertical Customer Growth

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Brookfield, WI, February 22, 2024, Armstrong & Associates, Inc. (A&A), an internationally recognized leader for third-party logistics market information and consulting, releases its latest market research report Global and Regional Logistics Costs and Third-Party Logistics Market Trends Including a Segment Focus on Technological Vertical Industry Customer Growth.”

According to A&A’s latest report, 2023 was generally a downtrodden year for third-party logistics providers (3PLs) with plummeting transportation rates and shippers focused on right-sizing inventories and reducing logistics costs. International Transportation Management (ITM) 3PLs saw rapid declines in air and ocean demand and rates. Global air cargo freight rates decreased as much as 41% in Q2 of 2023 versus the prior year. Air cargo capacity and revenues started to recover in late 2023 after 17 months of consecutive decline. Domestic Transportation Management (DTM) 3PLs became hyper-focused on contractual transportation management business and managed transportation versus spot-market freight brokerage as truckload demand waned and rates declined to under the five-year average causing a freight recession. The impact was widespread and even included last-mile delivery providers which benefited from strong e-commerce demand during the pandemic shutdowns. For Value-Added Warehousing and Distribution (VAWD) 3PLs, inventories have stabilized and some space has freed up. There has been an increased focus on fine-tuning warehouse pricing and improved bid performance. Shippers see this as a good time to put out RFPs (Request for Proposals). Dedicated Contract Carriage (DCC) hung in there due to the contractual nature of its transportation agreements; however, pricing pressure persists. In all 3PL segments, automation to reduce headcounts and increase efficiencies gained further momentum. Strategic growth initiatives to better position 3PLs in a changing environment took on new importance.

The 2023 global 3PL market decreased to $1.2 trillion, an 18.5% decrease compared to 2022, but still a 25.3% increase over pre-pandemic 2019. On the plus side, we are expecting COVID-19 recovery will bring much of the developing world into a higher growth mode in 2024 and 2025 but somewhat muted to that of the developed economies in 2021 – 2022. With COVID, 3PL customers realized that supply chains need to be more flexible, and being able to source products and components from multiple countries versus just one, is beneficial. This has driven more nearshoring to Mexico, Malaysia with semiconductors, for example, and Vietnam. China will continue to be an important market and still has many integrated supply chains that are hard to decouple.

Looking forward to 2024, U.S. domestic truckload rates have stabilized to a new lower level and spot market dry van demand is close to the five-year average; reefer is doing even better. Most Domestic Transportation Managers will tell you that we are still in a freight recession, but there is muted optimism for good growth in the second half of 2024. ITM has moderately bounced back from the first half of 2023 and has seen some rate benefit from shipping uncertainty in the Red Sea and reduced ocean traffic through the Suez Canal.

Armstrong’s latest report includes Global Third-Party Logistics Market Gross Revenue by Total and 3PL Segment and Logistics Cost estimates from 2016-2026E with revenues and growth rates broken down by key regions and countries. This year’s report has a special segment focus on Technological vertical customer growth providing vertical and subsegment revenue estimates and growth rates by key region and country. The report also covers the top 50 3PLs, those serving the Technology vertical, and the top 3PL customers within the vertical.

For more information on A&A’s latest report, Global and Regional Logistics Costs and Third-Party Logistics Market Trends Including a Segment Focus on Technological Vertical Industry Customer Growth” as well as other market research, please visit: A&A’s Guide and Market Research Reports.

This year’s 3PL Value Creation North America Summit will be held at Embassy Suites Chicago Downtown Magnificent Mile in Chicago, Illinois. To join us as a sponsor or speaker, please call 1-414-545-3838 or contact us here: request event information. For additional details, please visit https://www.3plogistics.com/3plna2024/.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become a internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 25 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact: Evan Armstrong at +1-414-545-3838 or email Evan@3PLogistics.com.

Source:
Armstrong & Associates, Inc.
13400 Bishops Lane | Suite 70
Brookfield, WI 53005 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

On October 8-9th, Armstrong & Associates Hosts its Twelfth Annual 3PL Value Creation Summit in Chicago, Illinois

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On October 8-9th, Armstrong & Associates Hosts its Twelfth Annual 3PL Value Creation Summit in Chicago, Illinois

The summit brings together 3PL executives, logistics professionals, investors, and technological experts to discuss ways to add value today and assess the future of third-party logistics.

BROOKFIELD, Wis., February 12, 2024 – On October 8-9th, Armstrong & Associates is hosting its twelfth annual 3PL Value Creation North America Summit in Chicago, Illinois. This year’s event analyzes the most important third-party logistics industry trends (such as labor challenges, economic factors dampening growth, digitalization, artificial intelligence and automation, e-commerce logistics, and merger and acquisition activity) in an interactive and fully engaged way.

The summit takes an unparalleled deep dive into the strategic, operational, financial, and technological aspects of the domestic and global 3PL industry. Learn about how the value-added services within E-Commerce Fulfillment and Last-Mile Delivery, Warehousing and Distribution, Domestic Transportation Management/Freight Brokerage, Dedicated Contract Carriage, and International Transportation Management/Freight Forwarding will define the future competitive landscape.

The 3PL Value Creation North America Summit drives thought leadership through a combination of insightful question and answer style panels and industry-focused market research. Audience members are encouraged to ask questions and network with each other in person or using the event app.

Past participating companies include Amazon, A.P. Moller-Maersk, C.H. Robinson, GEODIS, DHL Supply Chain, DB Schenker, Expeditors, Coyote Logistics, Redwood Logistics, Hub Group, Echo Global Logistics, Arrive Logistics, Uber Freight, Greenbriar Equity Group, STIFEL, Jefferies Group, BMO Capital Markets, Harris Williams, Raymond James, Piper Sandler & Co., The Tenney Group, Warburg Pincus, RXO Logistics, Transportation Insight, AFS Logistics, Worldwide Express, ODW Logistics, Penske Logistics, Saddle Creek Logistics Services, CJ Logistics, Capstone Logistics, Dimerco, Kenco Logistics Services, AIT Worldwide Logistics, Neovia, Magnate Worldwide, Radial, Watco Logistics, Truckstop.com, Trucker Tools, Parade, Greenscreens.ai, AVRL, 3Gtms, project44, Berkshire Grey, MP Objects, Ramco, CBRE, TIA, NHDA and more!

This year’s 3PL Value Creation North America Summit will be held at Embassy Suites Chicago Downtown Magnificent Mile in Chicago, Illinois. To join us as a sponsor or speaker, please call 1-414-545-3838 or contact us here: request event information. For additional details, please visit https://www.3plogistics.com/3plna2024/.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become a internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 25 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

Source:
Armstrong & Associates, Inc.
13400 Bishops Lane | Suite 70
Brookfield, WI 53005 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

Armstrong’s Who’s Who in Logistics 3PL Guide Expands to Over 750 3PLs

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Over 85% of 3PLs profiled are private versus publicly traded companies

Brookfield, WI, September 21, 2023, Armstrong & Associates, Inc. (A&A) is an internationally recognized leader for third-party logistics market information and consulting. Its mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As part of its mission, A&A’s Who’s Who in Logistics 3PL Guide provides online access to its continually updated Third-Party Logistics Provider (3PL) database covering over 750 companies and growing. Companies surveyed and profiled include global and regional 3PLs, digital freight brokers and freight forwarders, specialized/niche 3PLs, e-commerce fulfillment 3PLs, 3PL divisions within larger 3PLs and more.

A&A’s 3PL profiles highlight provider revenues, service offerings, geographies served, warehousing and transportation assets, freight forwarding volumes, IT and operational capabilities, and overall strengths and weaknesses. The search function allows subscribers to find 3PLs by multiple attributes such as type of service, gross and net revenues, vertical industries served, ocean and air freight forwarding volumes, warehousing square footage, and more!

As A&A continues to increase the various “Top 3PL” lists it compiles, new fields have also been added to its Who’s Who database to capture the required information needed for these lists such as Domestic Transportation Management (DTM) overall and segment revenues, North American warehousing network stats overall and by country, and e-commerce fulfillment stats to name a few.

New 3PLs added to our Who’s Who guide this year include BBM Logistica, Brown Integrated Logistics, DP World Logistics, EV Cargo, Fulfillment by FHB Group, Miller Transportation Group, Mondiale VGL, Network Transport, Santos Brasil Logistica, Synchrogistics, Taewoong Logistics, and Ziegler Group.

A&A’s Who’s Who in Logistics 3PL Guide subscription and other 3PL market research can be purchased at: A&A’s Guide and Market Research Reports. Who’s Who in Logistics comes as a standard benefit for Expert Information Service (EIS) subscribers: A&A’s Expert Information Services (EIS) Subscriptions.

On another note, Armstrong & Associates is hosting its 11th annual 3PL Value Creation North America Summit at Embassy Suites Chicago Downtown Magnificent Mile in Chicago, Illinois on October 18th and 19th. C-level 3PL executives, investment community leaders, and technology innovators gather in this unique forum to assess the current and future state of the third-party logistics market and explore strategies for value creation in a rapidly changing environment.

To join us as a sponsor or speaker, please call 1-414-545-3838 or contact us at: Request Event Information. For additional event details, please visit: 3PL Value Creation North America Summit.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become a internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 25 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact: Amy St. Peter at +1-414-545-3838, or email Amy@3PLogistics.com.

Source:
Armstrong & Associates, Inc.
13400 Bishops Lane | Suite 70
Brookfield, WI 53005 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

Transition – Armstrong’s Latest Third-Party Logistics Market Results and Predictions for 2023

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Brookfield, WI, July 26, 2023, Armstrong & Associates, Inc. (A&A), an internationally recognized leader for third-party logistics market information and consulting, just released its latest market research report “Transition – Soft Landing at a New Level: Latest Third-Party Logistics Market Results and Predictions for 2023.”

Even with the dire economic predictions from analysts considering the U.S. Federal Reserve’s fiscal tightening, 2022 was a very good growth year for the domestic Third-Party Logistics (3PL) Market. Driving growth in 2022 was the continued burgeoning inventories built up from the COVID-19 supply chain disruptions and 3PLs being able to efficiently decrease purchased transportation costs to carriers while staving off significant price concessions to shippers.

Based upon 3PL reported 2022 financial results, Armstrong & Associates estimates that U.S. 3PL Market net revenues (gross revenues less purchased transportation) grew 24% to $148.1 billion and overall gross revenues increased 18.3%, bringing the total U.S. 3PL Market to $405.5 billion in 2022.

While year-over-year growth was significantly less than the 48.1% gross revenue growth registered in 2021, 2022 at 18.3% was the fourth best growth year on record since we began developing 3PL Market estimates in 1995. 2000 registered the second-best year-over-year growth at 22.9%, and 2010 was the third best at 19%.

The non-asset-based Domestic Transportation Management segment (DTM) led all other 3PL segments with net revenue growth of 33.8% to $26.4 billion while overall gross revenue increased a healthy 14.4% to $159 billion.

The asset-heavy Dedicated Contract Carriage (DCC) 3PL Market segment delivered the second largest year-over-year net revenue growth of 27.4% to $29.2 billion in 2022. Gross revenue increased 27.7% to $29.5 billion. DCC’s growth benefited from shippers wanting to lock in capacity after a turbulent 2021, an increased ability to attract drivers through wage increases and better recruiting, and having ample capital to invest in equipment. In addition, those 3PLs with freight brokerages which could handle “overflow” business from DCC operations as dedicated or spot truckload capacity, tended to do well.

Further information on all the major 3PL Market segments, latest trends and estimates in the U.S. and Global 3PL Markets, including the Top 50 U.S. and Global 3PLs and 3PL M&A activity, can be found in A&A’s latest market research report “Transition – Soft Landing at a New Level: Latest Third-Party Logistics Market Results and Predictions for 2023.” This annual report comes as a standard benefit for A&A’s Expert Information Services (EIS) subscribers. Additional A&A market research can be found at: Guides & Research Reports.

On another note, Armstrong & Associates is hosting its 11th annual 3PL Value Creation North America Summit at Embassy Suites Chicago Downtown Magnificent Mile in Chicago, Illinois on October 18th and 19th. C-level 3PL executives, investment community leaders, and technology innovators gather in this unique forum to assess the current and future state of the third-party logistics market and explore strategies for value creation in a rapidly changing environment. Be sure to reserve your tickets today!

To join us as a sponsor or speaker, please call 1-414-545-3838 or contact us at: request event information. For additional event details, please visit https://www.3plogistics.com/3pl-na-summit-2023/.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 25 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact: Evan Armstrong at +1-414-545-3838 or email Evan@3PLogistics.com.

Source:
Armstrong & Associates, Inc.
13400 Bishops Lane | Suite 70
Brookfield, WI 53005 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

 

Armstrong & Associates Acts as Redwood’s Sole Buy-Side Search Advisor in its Latest Purchase of Rockfarm

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Deal Brings Armstrong’s Supported Closed Investment Transactions to 25

Brookfield, WI, July 19, 2023, Armstrong & Associates, Inc. (A&A), an internationally recognized leader for third-party logistics market information and consulting, is pleased to announce its role as the sole buy-side search advisor for Redwood Logistics in its acquisition of Rockfarm Supply Chain Solutions and Global Distribution and Logistics (Rockfarm) announced July 11.

“It was great working with the A&A team as our sole buy-side search advisor in securing our recent deal with Rockfarm. We expect significant value creation and growth with Rockfarm and are mutually focused with the A&A team in closing more deals going forward,” said Mark Yeager, Chief Executive Officer, Redwood Logistics.

“Partnering with Redwood in finding suitable acquisition prospects via our M&A practice has been a great experience. Redwood has a clear vision and knows what it wants in an acquisition target. The deal solidifies Redwood’s modern 4PL services, tech-enabled managed services, and supply chain integration capabilities,” said Evan Armstrong, Chief Executive Officer, Armstrong & Associates, Inc.

Redwood’s acquisitions in recent years include its 2019 acquisitions of Atlanta-based, LTL freight manager, LTX Solutions, in January; Chicago, technology-based freight broker, Strive Logistics, in March, and TMS services provider Eminent Global Logistics, in May.

In 2021, Redwood Logistics expanded its parcel offering with the acquisitions of Skipjack, a multi-carrier SaaS parcel platform, and Proactive Global Logistics, a non-asset-based parcel service provider. In addition, Redwood was acquired by private equity firm AEA Investors LP.

In 2022, Redwood landed on Armstrong’s Top 50 U.S. 3PLs list for the first time, placing 48th.

Armstrong will continue its focus on pursuing complementary targets for Redwood to further expand it network scale, transportation management offerings, and freight under management buy finding best-in-class prospects to expand Redwood’s portfolio.

On another note, Armstrong & Associates is hosting its 11th annual 3PL Value Creation North America Summit at Embassy Suites Chicago Downtown Magnificent Mile in Chicago, Illinois on October 18th and 19th. C-level 3PL executives, investment community leaders, and technology innovators gather in this unique forum to assess the current and future state of the third-party logistics market and explore strategies for value creation in a rapidly changing environment. With panels dedicated to M&A and Private Equity Investment in 3PL, be sure to reserve your tickets today!

To join us as a sponsor or speaker, please call 1-414-545-3838 or contact us at: request event information. For additional event details, please visit https://www.3plogistics.com/3pl-na-summit-2023/.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become a internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 25 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact: Evan Armstrong at +1-414-545-3838 or email Evan@3PLogistics.com.

Source:
Armstrong & Associates, Inc.
13400 Bishops Lane | Suite 70
Brookfield, WI 53005 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

Upcoming 3PL Value Creation Summit is a Strategic Forum to Discuss 3PL Trends, Predictions, and Growth Opportunities

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Third-Party Logistics Executives, Investors, Innovation Leaders, and Industry Experts Gather at Summit to Discuss Trends, Predictions, and Growth Opportunities.

BROOKFIELD, WI, June 19, 2023 – On October 18-19th, Armstrong & Associates is hosting its eleventh annual 3PL Value Creation North America Summit in Chicago, Illinois. C-level 3PL executives, investment community leaders, and technology innovators gather in this unique forum to assess the current and future state of the third-party logistics market and explore strategies for value creation in a rapidly changing environment. This year’s event analyzes the most important third-party logistics industry trends (such as the impact of inflation, labor challenges, digitalization, artificial intelligence and automation, e-commerce logistics, and merger and acquisition activity) in an interactive and fully engaged way.

The 3PL Value Creation North America Summit drives thought leadership through a combination of insightful question and answer style panels and industry-focused market research. It takes an unparalleled deep dive into the strategic, operational, financial, and technological aspects of the domestic and global 3PL industry. Learn about how the value-added services within E-Commerce Fulfillment and Last-Mile Delivery, Warehousing and Distribution, Domestic Transportation Management/Freight Brokerage, Dedicated Contract Carriage, and International Transportation Management/Freight Forwarding will define the future competitive landscape.

Past participating companies include Amazon, A.P. Moller-Maersk, C.H. Robinson, GEODIS, DHL Supply Chain, DB Schenker, Expeditors, Coyote Logistics, Redwood Logistics, Hub Group, Echo Global Logistics, NFI, UPS SCS, Arrive Logistics, Convoy, Uber Freight, Greenbriar Equity Group, STIFEL, Jefferies Group, BMO Capital Markets, Harris Williams, Raymond James, Piper Sandler & Co., The Tenney Group, Warburg Pincus, XPO Logistics, RXO Logistics, Transportation Insight, BNSF Logistics, AFS Logistics, Worldwide Express, ODW Logistics, Penske Logistics, Saddle Creek Logistics Services, CJ Logistics, Capstone Logistics, Dimerco, Kenco Logistics Services, AIT Worldwide Logistics, Neovia, Magnate Worldwide, PLS, Radial, Watco Logistics, Truckstop.com, Trucker Tools, Parade, Greenscreens.ai, AVRL, 3Gtms, MercuryGate, project44, Berkshire Grey, HighJump / Korber, MP Objects, Ramco, CBRE, TIA, NHDA and more!

This year’s 3PL Value Creation North America Summit will be held at Embassy Suites Chicago Downtown Magnificent Mile in Chicago, Illinois. To join us as a sponsor or speaker, please call 1-414-545-3838 or contact us here: request event information. For additional details, please visit https://www.3plogistics.com/3pl-na-summit-2023/.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become a internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

Source:
Armstrong & Associates, Inc.
13400 Bishops Lane | Suite 70
Brookfield, WI 53005 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

Restart: The Business of Warehousing in North America in the Post-Pandemic Era

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The Latest Benchmarking Costs, Prices, and Practices for North American Warehousing Available in a New Report from Armstrong & Associates, Inc.

Brookfield, WI, April 19, 2023 – Armstrong & Associates, Inc. (A&A) www.3PLogistics.com estimates that for 2022, the total U.S. Warehousing Market reached $246.0 billion, with VAWD (Value-Added Warehousing and Distribution) gross revenue having 22.7% growth to $67 billion and net revenue reaching $49.8 billion with 21.1% growth. Total U.S. Warehouse Inventory Space reached an estimated 11.7 billion square feet by the end of 2022. To track the most up-to-date costs, pricing, and practices in North American warehousing, A&A collected information from various  contract warehousing operations and warehouse contracts in North America. The results are published in a report released today, “Restart: The Business of Warehousing in North America in the Post-Pandemic Era, Market Size, Major 3PLs, Benchmarking Costs, Prices and Practices.” The report is the latest in A&A’s series of Warehousing studies, which have been instrumental resources to the industry for over 17 years.

In addition to market estimates, warehousing operators and customers of third-party logistics providers (3PLs) will find how the warehousing industry has changed significantly prior to and after the pandemic shutdowns and subsequent demand increases. This report includes but not limited to:

  • Extensive guidelines for warehouse pricing
  • A&A’s Top 50 North American VAWD 3PLs
  • Capability and technology benchmarks
  • Contract lengths, warehouse sizes, and revenues
  • Operating margins, expected versus actual results
  • Warehouse ownership, primary warehousing handling types, and warehouse management systems being utilized
  • Advanced breakdowns of contract warehouses including VAWD revenue and space by region and commodities handled, dedicated versus multi-client warehouse space by region, warehouse case inventory throughput by region and commodities handled
  • Open and closed book, gainsharing, and contract payment terms
  • Market rental and vacancy rates

Top 50 North American VAWD 3PLs
A&A’s Top 50 North American VAWD 3PLs list—representing 4,272 facilities totaling 1,046.1 million square feet of warehousing space—includes data on leading 3PLs, including number of warehouses, total space, warehouse and value-added service capabilities, and warehouse management system (WMS) deployment. The Top 50 have an average of 85 warehouses with an average size of 283,067 square feet.

U.S.  3PL E-commerce Revenue
We estimate that U.S. 3PL E-commerce Revenues reached $35.3 billion in 2022, producing a 5-year CAGR of 29.8%. 2021 saw the highest year-over-year growth since 2017, reaching as high as 59%, as e-commerce purchases spiked due to the pandemic and shutdowns. For 2022, we estimate 18% growth for U.S. 3PL E-commerce revenue as the market returns to normalcy at pre-pandemic levels.

This market sizing and benchmarking data, only available from A&A, is a valuable desktop reference. The complete report and other A&A research can be found at: https://www.3plogistics.com/product-category/guides-market-research-reports/market-research-reports/

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:

Karen Erickson
Vice President
Phone: +1-801-608-1504
Email: Karen@3Plogistics.com

Jenny Sun
Senior Research Analyst
Phone: +1-414-545-3838
Email: Jenny@3Plogistics.com

Source:
Armstrong & Associates, Inc.
13400 Bishops Lane | Suite 70
Brookfield, WI 53005 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

 

Co-Managing the Turbulence in 3PL Customer Relationships

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Armstrong Report Highlights the Latest Post Pandemic 3PL Customer Trends

Brookfield, WI, March 29, 2023 – Armstrong & Associates, Inc. (A&A) has released another expanded update to its best-selling report covering the various trends between third-party logistics providers (3PLs) and the customers they serve. From its analysis of over 8,400 current 3PL customer relationships in 44 countries, totaling nearly 22,000 services, the report identifies and details key trends in outsourced “3PL” customer relationships. Armstrong & Associates has been tracking and analyzing customer relationships in the 3PL market for over a decade with ever-increasing detail.

The Global 3PL market reached $1.47 trillion in 2022. This amount is up 14.5% over 2021 revenues and has nearly doubled since 2016. Globally, the three largest industry verticals are Technological, Automotive, and Retailing. Combined, they represent nearly 57% of Global 3PL revenue. 3PL revenue growth trends for nine major customer industry subsegments are provided in the report for the Global Fortune 500, and by major region, including North America, Central/South America, Asia Pacific, and Europe from 2016 through 2023E. 3PL service and industry trends for these four major regions are examined as well as a deep-dive into 3PL relationships in six countries: China, France, Germany, Hong Kong, Japan, and Mexico. Detailed information is provided on leading 3PLs serving customers in the Automotive, Retailing, Technological, and Food & Groceries industries as well.

The report also details the type and number of 3PL services customers tend to use. On average, 3PLs provide 2.60 services per customer relationship—often a combination of Transportation Management, Warehouse Management, and/or Value-Added Services. This number has steadily decreased from the 2008 average of 2.98 and reflects an increase in 3PL use among mid-sized and small customers, which tend to have less complex supply chain service needs. Further analysis details the most important 3PL services demanded by each of the nine industry segments.

For more information on A&A’s latest report, “Co-Managing the Turbulence: Trends in 3PL/Customer Relationships as well as other market research, please visit A&A’s Guides and Market Research Reports.

On another note, A&A’s 3PL Value Creation Asia Summit will be held on May 9, 2023 at the KPMG Conference Center (3rd Floor, South Island Place, 8 Wong Chuk Hang Road, Hong Kong). To join us as a speaker/sponsor or to register to attend the summit, please visit the event page: A&A’s 3PL Value Creation Asia Summit.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:

Cheri Grabowski at +1-414-545-3838, or email Cheri@3PLogistics.com

Source:
Armstrong & Associates, Inc.
13400 Bishops Lane | Suite 70
Brookfield, WI 53005 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

 

Leading Executives Present Global and APAC Third-Party Logistics Trends, Dynamics, and Predictions at the 3PL Value Creation Asia Summit 2023

Published by . Filed under Press Releases. Total of no comments in the discussion.

Brookfield, WI, March 15, 2023 – On May 9th, Armstrong & Associates, in partnership with KPMG, is hosting its annual 3PL Value Creation Asia Summit in Hong Kong. This year’s event analyzes the most important global third-party logistics industry trends (such as the reopening of China, interest rate hikes and monetary tightening, normalization of transportation rates, and strategic mergers and acquisitions) in an interactive and fully engaged way. Network with industry experts and peers that successfully navigate the unique daily complexities of the global 3PL industry.

With its focus on executive panels to share information, the 3PL Value Creation Asia Summit is unique amongst conferences. As such, this one event represents an outstanding deep-dive into the operational, financial, and technological aspects of the global 3PL industry. It provides an unparalleled opportunity to network, learn and share ideas for driving 3PL growth globally and throughout Asia.

The 3PL Value Creation Asia Summit will be held this May at the KPMG Conference Center (3rd Floor, South Island Place, 8 Wong Chuk Hang Road, Hong Kong). To join us as a speaker/sponsor or to register to attend the summit, please visit the event page: https://www.3plogistics.com/3pl-asia-summit-2023/.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading third-party logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key information resource for 3PL market research and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of its continued work in supporting its mission, A&A’s 3PL market estimates are the most often cited in securities filings by publicly traded 3PLs, media articles and trade publications. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s research complements its consulting activities by providing a continually updated detailed database for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:
Cheri Grabowski at +1-414-545-3838,
or email Cheri@3plogistics.com.

Source:
Armstrong & Associates, Inc.
13400 Bishops Lane | Suite 70
Brookfield, WI 53005 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

Armstrong & Associates’ Consulting Business Expansion

Published by . Filed under Press Releases. Total of no comments in the discussion.

Brookfield, WI, February 13, 2023, Armstrong & Associates, Inc. (A&A), an internationally recognized leader for third-party logistics market information and consulting, is pleased to announce Karen Erickson’s promotion to Vice President and welcome Jamison Mize to our team.

As Vice President of A&A, Karen’s consulting services focus on 3PL strategy, logistics outsourcing, 3PL pricing strategy, warehouse pricing modeling and network optimization, logistics benchmarking, M&A operational due diligence, and IT systems evaluation and implementation.

Karen has over 26 years of experience in supply chain management. Prior to joining A&A, she held leadership positions with E-Commerce fulfillment providers and traditional Value-Added Warehousing & Distribution 3PLs including Kenco Logistic Services.

As Vice President – EMEA, Jamison will focus on M&A strategy and buy-side advisory, building strategic cross-Atlantic partnerships, and 3PL logistics outsourcing supporting shippers in Europe, Middle East, Africa (EMEA) and North America.

Jamison has spent over 15 years managing complex technical projects within various industries advising engineers, scientists, and decision makers on how to problem solve utilizing technology and data analysis to produce valuable solutions to the world’s most pressing issues like manufacturing, climate change, materials research, energy, and drug discovery.

Based in Luxembourg, Jamison has worked throughout North America, Europe and Asia. He holds certifications in Project Management, Digital Marketing and Cloud Computing as well as an MBA from Rome Business School with a specialization in Big Data Analytics and Automation.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions

For more information, please contact:

Karen Erickson at +1-801-608-1504 or email karen@3plogistics.com
Jamieson Mize at +352-621784886 or email jamison@3plogistics.com

Source:
Armstrong & Associates, Inc.
13400 Bishops Lane | Suite 70
Brookfield, WI 53005 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

 

Downshift: Latest Global and Regional Logistics Costs and Third-Party Logistics Market Trends and Outlook

Published by . Filed under Press Releases. Total of no comments in the discussion.

Brookfield, WI, January 30, 2023, Armstrong & Associates, Inc. (A&A), an internationally recognized leader for third-party logistics market information and consulting, releases its latest market research report “Downshift: Latest Global and Regional Logistics Costs and Third-Party Logistics Market Trends and Outlook.”

According to A&A’s latest report, 2021 Global Third-Party Logistics Market revenues surged 31.5% to $1.4 trillion, as generally more developed countries with high COVID‐19 vaccination rates further opened and consumer spending increased further. Third-party logistics was a key beneficiary of supply chain management price inflation. This rapid growth trend continued through the first half of 2022. Then in the third quarter of 2022, ocean shipping rates and domestic transportation rates began to disinflate in those developed countries with higher COVID-19 vaccination rates as consumer demand and supply chain operations stabilized. China to U.S. and European ocean shipping rates have declined as much as 90% since the peak in early 2022.

Logistics is a cyclical industry and demand destruction will negatively impact its growth in 2023. On the plus side, 2022 ended with China reversing its Zero-COVID policy and many Southeastern Asia countries have opened up. This will drive increased demand in Asia going into 2023 and provide a tailwind to the overall global 3PL industry. It is essentially a COVID-recovery lag and will bring much of the developing world into a higher growth mode versus its developed brethren which saw extraordinary growth in 2021 and 2022.

The global logistics market presents a large opportunity for Third-Party Logistics Providers (3PLs) with spends on logistics of $11.3 trillion in 2021. Further, increases in supply chain complexity have driven many companies to engage the help of 3PLs as logistics and regulatory specialists. In turn, 3PLs with expertise in international transportation management and warehousing and distribution are providing economies with the operational ‘backbone’ supporting global trade. In addition, the COVID-19 pandemic has made companies further realize the complexity in supply chains, and as a result, the demand for end‐to‐end outsourcing continues to rise and organizations are increasingly open to engaging 3PLs to manage their logistics and supply chain requirements.

In addition to providing Global Third-Party Logistics Market and Logistics Cost estimates from 2016-2025, the report also covers revenues and growth rates by region and country and by 3PL segments including the Global Spare/Service Parts Logistics and Time-Critical Delivery Markets for the same years, the Top 50 Global 3PLs and their competitive differentiation, among other trends and changing 3PL requirements to further minimize supply chain risk.

For more information on A&A’s latest report, Downshift: Latest Global and Regional Logistics Costs and Third-Party Logistics Market Trends and Outlook” as well as other market research, please visit A&A’s Guide and Market Research Reports.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:
Evan Armstrong at +1-414-545-3838,
or email Evan@3PLogistics.com.

Source:
Armstrong & Associates, Inc.
13400 Bishops Lane | Suite 70
Brookfield, WI 53005 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

 

Big and Bulky Last-Mile Delivery in the United States will be a High-Growth 3PL Segment

Published by . Filed under Press Releases. Total of no comments in the discussion.

Brookfield, WI, December 28th, 2022 – Armstrong & Associates, Inc. (A&A), an internationally recognized leader for third-party logistics market information and consulting, releases its latest market research report “Making it Count: Big and Bulky Last-Mile Delivery in the United States”. The National Home Delivery Association (NHDA) and A&A partnered for this study covering the Third-Party Logistics (3PL) Big and Bulky U.S. Last-Mile Delivery Market segment to identify current market size, historical growth and outlook, key providers, customers and verticals served, e-commerce’s role, employment, and other trends. This report details and compares the use of independent contractors versus employee drivers, customer and revenue trends by vertical industry, and the growing use of freight brokerage to source last-mile carrier capacity.

The 3PLs analyzed had last-mile delivery revenues from $7 million to $1 billion and represent approximately 40% of the estimated $9.3 billion U.S. Third-Party Logistics Big and Bulky Last-Mile Delivery Market. A&A estimates the U.S. 3PL Big and Bulky Last-Mile Delivery Market experienced a compound annual growth rate (CAGR) of 18.2% from 2017 through 2021 and will have a CAGR of 11.8% from 2022 through 2025. These projections make Big and Bulky Last-Mile Delivery one of the fastest growing 3PL segments over the next three years.

In this report, last-mile delivery is defined as the transportation of big and bulky shipments (not parcel) from an origin to a destination within the United States where they will be used or consumed. These can be business-to-business (B2B) or business-to-consumer (B2C) shipments. Typically, last-mile e-commerce orders are shipped as small packages and transported by parcel carriers. However, with expanding e-commerce product categories such as furniture and appliances, other last-mile options are growing in significance. Third-party logistics providers with fleets of independent contractors and freight brokerage operations deliver many last-mile orders. In addition, Less-than-Truckload (LTL), Last-Mile, Household Goods, and Truckload (TL) carriers are expanding last-mile services for big and bulky items to accommodate the rapid growth in e-commerce retail sales.

The final transportation leg for an e-commerce order—the last mile—may be short, but it can also be extremely costly. Transportation costs for a shipment from a distribution center or fulfillment center to a customer’s doorstep can account for 30%–40% of the total cost of transportation. Last-mile provider revenue per shipment is low by traditional LTL standards and averages less than $90 per shipment. Total shipment revenue varies depending upon the value-added services performed at the time of delivery. A whole bedroom delivery and setup can generate $250 while a less service intensive shipment may only generate $50.

For more information on this report, “Making it Count: Big and Bulky Last-Mile Delivery in the United States” and other market research, please visit:
https://www.3plogistics.com/product-category/guides-market-research-reports/market-research-reports/ .

 

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:
Amy St. Peter at +1-414-545-3838,
or email Amy@3PLogistics.com

 

ABOUT THE NATIONAL HOME DELIVERY ASSOCIATION (NHDA)

In 2013 ten of the leading home delivery companies specializing in the “white glove” delivery of appliances, furniture and large electronics to homes came together to address common interests. These ten firms founded the National Home Delivery Association with a shared commitment to enhancing the industry through training, setting standards for customer service and enhancing the profile of this vital segment of America’s retail economy. The NHDA has grown to over 70 member companies representing the leading companies in this segment of the logistics industry. Collectively, NHDA members account for over 70% of residential “bulky goods” deliveries and setups, utilizing thousands of delivery teams and logistics professionals across the country.

The National Home Delivery Association (NHDA) is committed to advancing the interests of individuals, companies, and organizations that deliver furniture, appliances, and electronics to the home by promoting the highest standards of professionalism and customer service. It can be found online at:
https://www.nationalhomedeliveryassociation.com.

For more information, please contact:
William Lecos at +1-703-931-6324,
or email blecos@lecosandassociates.com


Source:

Armstrong & Associates, Inc.
13400 Bishops Lane | Suite 70
Brookfield, WI 53005 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

Armstrong & Associates’ Who’s Who in Logistics 3PL Guide Grows to 725 3PLs

Published by . Filed under Press Releases. Total of no comments in the discussion.

Over 85% of 3PLs covered are private versus publicly traded companies

BROOKFIELD, WI, December 15th, 2022 –Armstrong & Associates, Inc. (A&A) is an internationally recognized leader for third-party logistics market information and consulting. Its mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As part of its mission, A&A’s Who’s Who in Logistics 3PL Guide provides online access to its continually updated Third-Party Logistics Provider (3PL) database covering 725 companies and growing. Companies surveyed and profiled include global and regional 3PLs, digital freight brokers, specialized/niche 3PLs, e-commerce 3PLs, 3PL divisions within larger 3PLs and more.A&A’s 3PL profiles highlight provider revenues, service offerings, geographies served, warehousing and transportation assets, freight forwarding volumes, IT and operational capabilities, and overall strengths and weaknesses.

The search function allows subscribers to find 3PLs by multiple attributes such as type of service, gross and net revenues, vertical industries served, ocean and air freight forwarding volumes, warehousing square footage, and more!

As A&A continues to increase the various “Top 3PL” lists we compile, we’ve also added new fields to our Who’s Who database to capture the required information needed for these lists such as Domestic Transportation Management (DTM) overall and segment revenues, North American warehousing network stats overall and by country, and e-commerce stats to name a few.

New 3PLs added to our Who’s Who guide this year include CLASQUIN, Grupo Alonso, GXO Logistics, Loadsmith, Menzies Distribution, Omni Logistics, Steam Logistics, TransLoop, Varova, and Wiseway Logistics. “With all of the various “Top 3PL” lists and 3PL research A&A contributes to the industry, more and more 3PLs recognize the importance of getting on our radar,” said Market Research Manager, Amy St. Peter.

 

A&A’s Who’s Who in Logistics 3PL Guide subscription and other 3PL market research can be purchased at: A&A’s Guide and Market Research Reports. Who’s Who in Logistics comes as a standard benefit for Expert Information Service (EIS) subscribers: A&A’s Expert Information Services (EIS) Subscriptions. A&A’s latest “Top 3PL” lists can be found at: A&A’s Top 3PL Lists.

 

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:
Amy St. Peter at +1-414-545-3838, or email Amy@3PLogistics.com

Source:
Armstrong & Associates, Inc.
10401 West Lincoln Avenue, Suite 207
Milwaukee, WI 53227 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

Armstrong & Associates, Inc. Presents Its Latest Top 3PL Lists

Published by . Filed under Press Releases. Total of no comments in the discussion.
MILWAUKEE, WI, November 9th, 2022 – Armstrong & Associates’ (A&A’s) latest Top Third-Party Logistics Provider (3PL) lists are now available. Leveraging its “Who’s Who in Logistics” online 3PL guide, encompassing over 700 3PL profiles and growing, A&A’s Top 3PL lists include:
  • Top 50 Global 3PLs
  • Top 25 Global Freight Forwarders
  • Top 25 Global Air Freight Forwarders
  • Top 25 Global Ocean Freight Forwarders
  • Top 25 Global Warehousing 3PLs
  • Top 25 Global E-Commerce 3PLs
  • Top 50 U.S. 3PLs
  • Top 100 Domestic Transportation Management 3PLs
  • Top 25 North American Warehousing 3PLs
  • Top 25 Dedicated Contract Carriage 3PLs

A&A’s latest Top 3PL lists can be found at A&A’s Top 3PL Lists page in addition to being published in renowned industry trade publications including Air Cargo News, Air Cargo World, Logistics Management, Transport Topics, and others, throughout the year.

New this year, A&A provided its Top 3PL list recipients with reward badges in honor of their achievements.

3PLs interested in being considered for all of our Top 3PL lists can find out more information and register at Submit a Profile.

A&A’s “Who’s Who in Logistics” online 3PL guide is updated on an ongoing basis and currently includes over 700 3PL profiles. It allows users to search by certain parameters such as type of service, regions served, revenue, assets, and more. Search results can be exported to Excel and 3PL profiles can be downloaded as PDFs. The guide also includes dynamically generated summary reports.A&A’s “Who’s Who in Logistics” online 3PL guide and other A&A market research can be found at: Guides & Research Reports.

The guide comes as a standard benefit for Expert Information Service (EIS) subscribers. In addition, the EIS subscription now has four subscription levels to choose from based on your research needs: EIS Subscriptions.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:
Amy St. Peter at +1-414-545-3838, or email Amy@3PLogistics.com

Source:
Armstrong & Associates, Inc.
10401 West Lincoln Avenue, Suite 207
Milwaukee, WI 53227 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

Demand Drives 3PLs to the Best Growth and M&A Year on Record

Published by . Filed under Press Releases. Total of no comments in the discussion.

Milwaukee, WI, July 14, 2022 – According to Armstrong & Associates, Inc. (A&A’s) newest report, “A Roaring 2021: Demand Drives 3PLs to the Best Growth and M&A Year on Record – Latest Third-Party Logistics Market Results and Predictions for 2022” strong consumer demand, continued supply chain bottlenecks, and tight carrier capacity sent air, ground, and ocean transportation rates soaring to historic levels in 2021 as shippers leaned on Third-Party Logistics Providers (3PLs) to bolster inventories and avoid product stock outs.

After the volatile 2020 U.S. COVID-driven Third-Party Logistics Market (3PL) created growth opportunities for 3PLs, in particular those with strong carrier management, e-commerce, and air freight forwarding capabilities, year-over-year 2021 saw the fastest 3PL growth since we began estimating the market size in 1995. However, 3PL Market segment growth was uneven.

To meet demand, 3PLs in both ITM and DTM increasingly tapped the spot market to source carriers to cover shipments. While strong demand drove growth across the 3PL Market, the true leaders were those 3PLs with strong carrier management skills that have technologically innovated allowing them to efficiently tap long-standing carrier relationships to cover shipper demand versus being over reliant on using load boards or traditional means to buy capacity at spot market rates.

International Transportation Management (ITM), which consists of air and ocean freight forwarding, customs brokerage, and complementary value-added services, led all 3PL segments with revenue growth.

Overall, ITM realized an unheard-of 74.9% gross revenue gain in 2021 increasing to $122.4 billion, while underlying global ocean carrier container rates more than doubled from 2020 and air freight rates trended up peaking in December of 2021. While having a lower growth rate than overall gross revenue due to a tight carrier capacity market and high spot market rates, net revenue increased a healthy 44.6% to $35.6 billion.

Non-asset based Domestic Transportation Management (DTM) includes Freight Brokerage which is 84% of segment revenues and Managed Transportation which accounts for 16%. Like its ITM brethren, DTM 3PLs scrambled to find carrier capacity to meet shipper demand in 2021. Year-over-year gross revenue increased 52.4% to $139 billion and net revenue increased 50.2% to $19.8 billion as strong demand and volatility in motor carrier capacity quickly increased spot market rates compressing segment gross margins to 14.2% from 16.1% in pre-pandemic 2019.

The Value-Added Warehousing and Distribution (VAWD) 3PL segment did very well in 2021. Gross revenue increased 17% to $54.6 billion and net revenue expanded 15.2% to $41.1 billion. Most VAWD 3PLs have full warehouses and have participated to some extent in the rapid growth of e-commerce fulfillment which continues to be one of the fastest growing domestic 3PL subsegments with annual growth of 24% from 2017 to 2021.

The asset-heavy Dedicated Contract Carriage (DCC) 3PL segment rounded out the 2021 growth story with more modest growth. Gross revenue increased 15.3% to $23.1 billion and net revenue growth was 14.7% to $23 billion. Unlike its non-asset DTM brethren, DCC’s growth is limited by each provider’s ability to attract drivers and invest capital in equipment. Those 3PLs with freight brokerages which could handle “overflow” business from DCC operations tended to do well.

Total 3PL Segment net revenues (gross revenues less purchased transportation) grew 27.8% to $119.4 billion reflecting gross margin compression due to a volatile carrier sourcing market and transportation management 3PLs spending more to secure hard-to-find carrier capacity. The overall gross margin for all segments declined from 40% to 35%.

Global 3PL market revenues reached $1.4 trillion in 2021 resulting in a bounce-back increase of 41.8% versus the mere 7.7% increase seen in 2020 over 2019. The ITM segment led the way at 60.8% year‐over‐year growth due to continued COVID‐19 response and increased international freight rates. While air freight volumes are now above pre‐COVID-19 pandemic levels, even with ongoing additions to increase air carrier capacity, it is still under pre‐COVID-19 pandemic levels.

There were an astounding 25 large M&A transactions, with purchase prices over $100 million, among 3PLs in 2021. This is over eight times the number of large acquisitions made in 1999, when we first started tracking them, and over three times the number of transactions seen just last year. The most notable being Kuehne + Nagel’s purchase of Apex Logistics International for approximately $1.5 billion. The combination not only made Kuehne + Nagel the largest global air freight forwarder handling over 2.2 million metric air tons in 2021, it is also the largest 3PL globally, replacing DHL Supply Chain and Global Forwarding in both instances, and continues to hold its place as the largest ocean freight forwarder.

For more information on A&A’s newest report, “A Roaring 2021: Demand Drives 3PLs to the Best Growth and M&A Year on Record – Latest Third-Party Logistics Market Results and Predictions for 2022” and other market research, please visit: http://www.3plogistics.com/product-category/guides-market-research-reports/.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:
Evan Armstrong at +1-608-268-5860, or email Evan@3PLogistics.com
Amy St. Peter at +1-414-545-3838, or email Amy@3PLogistics.com

Source:
Armstrong & Associates, Inc.
10401 West Lincoln Avenue, Suite 207
Milwaukee, WI 53227 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

Armstrong & Associates Hosts the Tenth Annual 3PL Value Creation Summit in Chicago, Illinois

Published by . Filed under Press Releases. Total of no comments in the discussion.

Leading 3PL, Technological Innovation, and Investment Executives Come Together to Explore Strategies to Overcome Today’s Challenges and Discuss the Future of Third-Party Logistics

MILWAUKEE, Wis., March 23, 2022 – Armstrong & Associates is hosting its tenth annual 3PL Value Creation North America Summit on October 12-13 in Chicago. C-level 3PL executives, investment community leaders, and technology innovators gather in this thought-leading forum to assess the current and future state of the third-party logistics market and explore strategies for value creation in a rapidly changing environment. Significant third-party logistics industry issues such as digitalization, major supply chain disruptions, M&A trends, labor challenges, the impact of the e-commerce growth, and advancements in technological innovation and automation will be discussed in a fully engaged way.

The event drives thought leadership through a combination of insightful question and answer style panels and industry-focused market research. It takes an unparalleled deep dive into the strategic, operational, financial, and technological aspects of the domestic and global 3PL industry. Learn about how the value-added services within E-Commerce Fulfillment and Last-Mile Delivery, Warehousing and Distribution, Domestic Transportation Management/Freight Brokerage, Dedicated Contract Carriage, and International Transportation Management/Freight Forwarding will define the future competitive landscape.

Key takeaways from the 2021 event included:

  • Global logistics costs were $9.1 trillion in 2020. 3PL revenues represent about 10% of logistics costs at $962 billion. Panelists spoke of strong 3PL revenue growth expected for both 2021 and 2022.
  • Container shortages, which are tied to dray chassis shortages, have caused major supply chain disruption. Port congestion remains a huge problem and will continue deep into 2022. Pivoting to other transportation modes has helped in securing carrier capacity. Passenger flights have been converted into air freight for a few months.
  • Owner operator carrier capacity is at an all-time high but is hyper fragmented. Many can play the spot market at high market rates given current demand levels. There are worries that when the spot market volume comes down, many of these owner operators may exit an already tight industry.
  • Warehousing 3PLs are leaning into automation, such as intelligent kitting and robotics, due to labor shortages. Creative staffing models, including pay per performance as well as campus warehouse networks, are helping to meet labor challenges.
  • E-commerce continues to grow rapidly, and 3PLs are using peak teams to get through it. Home improvement and food and beverages continue to be strong with more consumers working from home. Returns are growing as well; this includes difficult big and bulky items such as appliances. Reverse logistics and e-commerce continue to be growth areas going into 2022.
  • 3PLs are looking to automate repetitive tasks to free up human capital. From freight brokerage upfront pricing for loads, to tendering and scheduling, down to back-office automation, machine learning is helping 3PLs make better decisions within seconds.
  • Many financial experts spoke of how they have never seen a year like 2021. Deals are moving fast with 3PLs and investors trying to buy and sell before end of year, albeit at record setting EBITDAs.
    The 3PL Value Creation North America Summit will be held at Embassy Suites Chicago Downtown Magnificent Mile in Chicago, Illinois. For further event details or to register, please visit https://www.3plogistics.com/3plna2022/.

 

ABOUT ARMSTRONG & ASSOCIATES, INC.
Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 40 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:
Anna Connors at +1-414-545-3838, or email Anna@3plogistics.com

Source:
Armstrong & Associates, Inc.
10401 West Lincoln Avenue, Suite 207
Milwaukee, WI 53227 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906

The Global Spare/Service Parts Market’s Major Regions, Vertical Industries, and Third-Party Logistics Providers

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Milwaukee, WI, March 2, 2022 – To ensure an optimal product lifecycle, many manufacturers have outsourced the management of Spare/Service Parts Logistics (SPL) to Third-Party Logistics Providers (3PLs). The SPL Market is driven by high-value manufactured products and their maintenance, particularly in the Automotive, Industrial, and Technological verticals, and is an essential part of global supply chain management.

In Armstrong & Associates, Inc. (A&A’s) latest report, “Longevity: Insights and Analysis of the Global and Regional Spare/Service Parts 3PL Markets” we estimate the global SPL Third-Party Logistics (3PL) market reached $35 billion in 2020, and including the effects of COVID, grew at a Compound Annual Growth Rate (CAGR) of 5.1% since 2016. With the current state of supply chains, a CAGR of 9.2% is anticipated over the next two years.

The report details the major regions and vertical industries being served by 3PLs and provides the SPL capabilities, services, markets, and industries served, supporting technology, customers, and case studies of 12 leading and niche SPL 3PLs. Detailed 3PL SPL market segmentations and sizes are provided for key regions and countries and major vertical industries globally and within regions.

Shippers rely on 3PLs to optimize short lead-time inventory fulfillment while minimizing costs. To support shippers’ SPL needs, 3PLs offer services such as parts distribution, order fulfillment, inventory management, reverse logistics, network and parts planning, and transportation and warehouse management. Additionally, some providers offer repair and refurbishment services, call center staffing, field technician training, and value-added services. 3PLs meet shippers’ needs with their strategically positioned global networks, integrated IT systems, reporting and analytics, flexibility, scalability, and standardized processes.

For more information on A&A’s newest report, “Longevity: Insights and Analysis of the Global and Regional Spare/Service Parts 3PL Markets” and other market research, please visit: http://www.3plogistics.com/product-category/guides-market-research-reports/.

ABOUT ARMSTRONG & ASSOCIATES, INC.
Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:

Evan Armstrong at +1-608-268-5860, or email Evan@3PLogistics.com.
Cheri Grabowski at +1-414-545-3838, or email Cheri@3PLogistics.com.

Source:
Armstrong & Associates, Inc.
10401 West Lincoln Avenue, Suite 207
Milwaukee, WI 53227 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
Website: www.3PLogistics.com

Armstrong & Associates’ Who’s Who in Logistics 3PL Guide Tops 700 3PLs

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Over 85% of 3PLs covered are private versus publicly traded companies

MILWAUKEE, WI, November 3, 2021 – Armstrong & Associates, Inc. (A&A) has updated its proprietary Who’s Who in Logistics 3PL Guide. As an internationally recognized leader for third-party logistics market information and consulting, Armstrong & Associates’ corporate mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. To support this mission, A&A surveys and profiles over 700 third-party logistics providers in its online guide including global and regional 3PLs, digital freight brokers, specialized/niche 3PLs, e-commerce 3PLs, 3PL divisions within larger 3PLs, and more.

“AFS Logistics, BM2 Freight Services, Cardinal Health – 3PL Supply Chain Solutions, Culina Group, Frialsa Frigorificos, Future Supply Chain Solutions, Grupo Traxíon, Mahindra Logistics, Sunland Logistics Solutions and ZUUM Transportation are just some of the 50+ 3PLs added to our Who’s Who 3PL Guide over the last year. With all of the various “Top 3PL” lists and 3PL research A&A contributes to the industry, more and more 3PLs recognize the importance of getting on our radar,” said Market Research Manager, Amy St. Peter.

A&A’s 3PL profiles highlight provider revenues, service offerings, geographies served, warehousing and transportation assets, freight forwarding volumes, IT and operational capabilities, and overall strengths and weaknesses.

The online search function allows subscribers to find 3PLs using multiple attributes such as type of service, gross and net revenues, vertical industries served, ocean and air freight forwarding volumes, warehousing square footage, and more! The guide data updates in real-time making it the source for the most up-to-date 3PL information in the industry. All of the latest information on 3PLs is just a browser away.

A&A’s Who’s Who in Logistics 3PL Guide subscription and other 3PL market research can be purchased at: https://www.3plogistics.com/product-category/guides-market-research-reports/. Who’s Who in Logistics comes as a standard benefit for Expert Information Service (EIS) subscribers: https://www.3plogistics.com/product-category/guides-market-research-reports/guides-market-research-reports-expert-information-service-eis/.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:

Amy St. Peter at +1-414-545-3838 or email Amy@3PLogistics.com.

Source:

Armstrong & Associates, Inc.
10401 West Lincoln Avenue, Suite 207
Milwaukee, WI 53227 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906

Dedicated Contract Carriage vs. Dedicated Truckload Capacity – The Search for Untapped Capacity

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MILWAUKEE, WI, October 21, 2021 – Dedicated Truckload Capacity growth is five times that of traditional Dedicated Contract Carriage according to Armstrong & Associates, Inc. (A&A’s) newest report, Dedicated Contract Carriage vs. Dedicated Truckload Capacity – The Search for Untapped Capacity. Dedicated Truckload Capacity (DTC), where a provider agrees to providing ongoing trucking capacity to a customer account in specific lanes or routes and equipment can be shared between customers, has seen tremendous growth over the past 10 years. In 2020 alone, DTC net revenues jumped 30.6% to $6.3 billion among dedicated transportation providers as market demand continues to search for untapped capacity.

In the traditional, asset-heavy DCC Third-Party Logistics (3PL) market segment, specific trucking assets are dedicated to a customer account for a given contract length. The segment provides core trucking capacity to its buyers in a market subject to cyclical driver/tractor shortages. In 2020, the DCC segment had the second highest net revenue growth of the four 3PL market segments with just 0.3% to $20 billion. The negative effect of COVID made 2020 a volatile and lower-volume year versus 2019 when DCC net revenues grew 12.1%.

In addition to historical and projected estimates for DCC and DTC, the report also covers the different characteristics of each segment, contract terms, profitability, power units, equipment assignment, industries served, lease versus truckload providers, the 25 largest U.S. DCC providers and more.

For more information on A&A’s newest report, Dedicated Contract Carriage vs. Dedicated Truckload Capacity – The Search for Untapped Capacity” and other market research, please visit: http://www.3plogistics.com/product-category/guides-market-research-reports/.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:

Evan Armstrong at +1-608-268-5860 or email Evan@3PLogistics.com.
Amy St. Peter at +1-414-545-3838 or email Amy@3PLogistics.com.

Source:

Armstrong & Associates, Inc.
10401 West Lincoln Avenue, Suite 207
Milwaukee, WI 53227 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906

Seeking Zen in a Post-Pandemic 3PL Market

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MILWAUKEE, WI, August 31, 2021 – According to Armstrong & Associates, Inc. (A&A’s) newest report, “Seeking Zen: A Post-Pandemic 3PL Market – Latest Third-Party Logistics Market Results and Predictions for 2021 Including Estimates for 190 Countries” the volatile 2020 U.S. COVID-driven Third-Party Logistics (3PL) Market created growth opportunities for Third-Party Logistics Providers (3PLs) with strong carrier management, e-commerce, and air freight forwarding capabilities, while other 3PLs did not fare as well. After having a lackluster 2019 when we saw a year-over-year decline in transportation activity as import tariffs took hold, we awoke to a pandemic nightmare in March of 2020 with vast economic shutdowns. There was no time like the present for logistics expertise, and 3PL prevailed as an essential industry.

Leading all 3PL segments for revenue growth in 2020 was International Transportation Management (ITM) which consists of air and ocean freight forwarding, customs brokerage, and complementary value-added services. Air freight revenues swelled in 2020 with the pandemic and extraordinary demand for PPE. With commercial passenger aircraft making up approximately 40% of total air cargo capacity, the pandemic upended air freight forwarding, and rates surged albeit on lower overall volumes.

Overall, ITM realized a 19.2% gross revenue gain in 2020 expanding to $70 billion. While having a lower growth rate than overall gross revenue, due to a tight carrier capacity market, net revenue increased a healthy 11.4% to $24.6 billion.

The asset-heavy Dedicated Contract Carriage (DCC) 3PL segment had the second highest net revenue growth of the four 3PL segments with just 0.3% to $20 billion. Gross revenue declined 2%. The negative effect of COVID made 2020 a volatile and lower-volume year versus 2019 when DCC net revenues grew 12.1%.

The non-asset based Domestic Transportation Management (DTM) segment includes Freight Brokerage which is 83% of segment revenues and Managed Transportation which accounts for 17%. In 2020, 3PLs scrambled to find carrier capacity to meet shipper demand. Gross revenue increased 9.9% to $91.2 billion, but net revenue decreased 1.8% to $13.2 billion as volatility in motor carrier capacity quickly increased spot market rates compressing segment gross margins by 1.7%.

Rapid growth in e-commerce fulfillment could not offset the loss of business-to-business related activity as overall revenues for the Value-Added Warehousing and Distribution (VAWD) 3PL segment sagged in 2020 versus its 9% growth 2019. VAWD net revenues declined 1.1% to $35.7 billion.

Total 3PL segment net revenues (gross revenues less purchased transportation) grew 2.1% to $93.5 billion reflecting gross margin compression due to a volatile carrier sourcing market and transportation management 3PLs spending more to secure hard-to-find carrier capacity. The overall gross margin for all segments declined from 44% to 41%.

Global Third-Party Logistics (3PL) Market revenues reached $962 billion in 2020 resulting in a meager 0.1% increase over 2019 versus the U.S. 3PL Market which saw 8.8% year-over-year growth. As with the U.S., the ITM segment led the way due to COVID-19 response.

For more information on A&A’s newest report, “Seeking Zen: A Post-Pandemic 3PL Market – Latest Third-Party Logistics Market Results and Predictions for 2021 Including Estimates for 190 Countries” and other market research, please visit: http://www.3plogistics.com/product-category/guides-market-research-reports/.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:

Evan Armstrong at +1-608-268-5860 or email Evan@3PLogistics.com.
Amy St. Peter at +1-414-545-3838 or email Amy@3PLogistics.com.

Source:

Armstrong & Associates, Inc.
10401 West Lincoln Avenue, Suite 207
Milwaukee, WI 53227 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906

Armstrong & Associates, Inc. Presents Its Latest Top 3PL Lists

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MILWAUKEE, WI, July 22, 2021 – Armstrong & Associates’ (A&A’s) latest Top Third-Party Logistics Provider (3PL) lists are now available. Leveraging its “Who’s Who in Logistics” online 3PL guide, encompassing 700 3PL profiles and growing, A&A’s Top 3PL lists include:

  • Top 50 Global 3PLs
  • Top 50 U.S. 3PLs
  • Top 25 Global Freight Forwarders
  • Top 100 Domestic Transportation Managers/Freight Brokers
  • Top Global 3PLs by Industry

A&A’s latest Top 3PL lists can be found at: A&A’s Top 3PL Lists.

3PLs interested in being considered for all of our Top 3PL lists can find out more information at: Submit a Profile.

A&A’s “Who’s Who in Logistics” online 3PL guide is updated on an ongoing basis and currently includes 700 3PL profiles. It allows users to search by certain parameters such as type of service, regions served, revenue, assets, and more. Search results can be exported to Excel and 3PL profiles can be downloaded as PDFs. The guide also includes dynamically generated summary reports.

A&A’s “Who’s Who in Logistics” online 3PL guide and other A&A market research can be found at: https://www.3plogistics.com/product-category/guides-market-research-reports/. The guide comes as a standard benefit for Expert Information Service (EIS) subscribers: https://www.3plogistics.com/product/premium-market-research-analysis-expert-information-service/. In addition, the EIS subscription has three subscription levels to choose from based on your research needs.

To learn about additional third-party logistics trends and network with industry leaders, join Armstrong & Associates at its 3PL Value Creation North America Summit which will be held in person this year on October 20-21, 2021. For further event details or to register, please visit https://www.3plogistics.com/3plna2021/.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:

Amy St. Peter at +1-414-545-3838, or email Amy@3PLogistics.com.

Source:

Armstrong & Associates, Inc.

10401 West Lincoln Avenue, Suite 207

Milwaukee, WI 53227 USA

Phone: +1-414-545-3838 Fax: +1-414-545-3906

Armstrong & Associates’ Hosts Sixth Annual 3PL Value Creation Asia Summit

Published by . Filed under Press Releases. Total of no comments in the discussion.

MILWAUKEE, WI, April 7, 2021 – On June 8th, in partnership with KPMG, Armstrong & Associates (A&A) will host its virtual 3PL Value Creation Asia Summit. This year’s event details the most important global and Asia Pacific related third-party logistics industry trends including: the impact of the COVID-19 pandemic, regional supply chain shifts, e-commerce logistics growth, supply chain analytics, mergers and acquisitions activity (M&A), and new technologies disrupting the 3PL market.

Through a combination of insightful executive panels, market intelligence, and thought leadership, the event takes an unparalleled deep dive into the operational, financial, and technological aspects of the global 3PL industry.

While the 3PL Value Creation Asia Summit airs live in the Asia Pacific region on June 8th, global attendees are encouraged to register. All sessions will be available post event to registered attendees.

To join the 3PL Value Creation Asia Summit as a speaker, sponsor, or attendee, please reach out to Armstrong & Associates at 414-545-3838. Additional event information can also be found on our website: https://www.3PLogistics.com/3PLAsia2021.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 23 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:

Lauren Willman at +1-414-545-3838, or email Lauren@3PLogistics.com.

Source:

Armstrong & Associates, Inc.

10401 West Lincoln Avenue, Suite 207

Milwaukee, WI 53227 USA

Phone: +1-414-545-3838 Fax: +1-414-545-3906

Save the Date for Armstrong & Associates’ Ninth Annual 3PL Value Creation North America Summit 2021

Published by . Filed under Press Releases. Total of no comments in the discussion.

MILWAUKEE, Wis., February 25th, 2021 – On October 20 – 21st, Armstrong & Associates is hosting the ninth annual 3PL Value Creation North America Summit. This year’s event analyzes important third-party logistics industry events (such as the impact of the e-commerce growth, digitalization, M&A trends, and advancements in technological innovation) in a fully engaged way. The summit is a strategic event where C-level 3PL executives, investment community leaders, and technology innovators gather to assess the current and future state of the third-party logistics market and explore strategies for value creation in a rapidly changing environment.

Through a combination of industry-focused market research, insightful question and answer style panels, and thought leadership, the event takes an unparalleled deep-dive into the operational, financial, and technological aspects of the global 3PL industry. Learn about how the value-added services within E-Commerce Fulfillment and Last-Mile Delivery, Warehousing and Distribution, Domestic Transportation Management/Freight Brokerage, Dedicated Contract Carriage, and International Transportation Management/Freight Forwarding will define the future competitive landscape.

Key takeaways from the virtual 2020 event included:

  • Agility and adaptation have been essential to 3PLs during the COVID pandemic. Realigning labor and capacity have required ingenuity and patience. The demand for quality labor is high. Trucking and warehousing capacities have been strained particularly in the major markets–Chicago, Los Angeles, Dallas, Atlanta and New York/New Jersey. 
  • Significant modifications have been made in shipper/3PL relationships as parties adapted. Food, Consumer products, Healthcare and Technology have boomed while Automotive, Industrial and other verticals have slumped.
  • Imports and exports to the Chinese market have fallen following a trend beginning with the passage of the Section 301 tariff regulations and their 25% tax levied in 2018. Brexit is the next major challenge. 
  • Major acquisitions are at a standstill. Platform companies are hard to find. Sales of smaller, bolt-on companies continue to proceed at a rapid pace.
  • 2021 will see the expansion of 3PL automation capabilities in transportation management and warehousing. 2021 should be a good year for all 3PLs as the economy rebounds and COVID vaccines take effect.
  • While private equity may dominate the number of deals in 2018 and 2019, strategic buyers are looking for good fits. Strategic buyers are often looking for a niche business, with a good cultural and geographic fit, with a sticky customer base, and one that can be quickly accretive to the business. Major international strategic buyers want to capture U.S. consumer spending.
  • Innovative technologies such as robotics and artificial intelligence are being used to augment existing business models and operations to drive disruption.

The 3PL Value Creation North America Summit will be held at Embassy Suites Chicago Downtown Magnificent Mile in Chicago, Illinois. Extra safety precautions will be in place. For further event details or to register, please visit https://www.3plogistics.com/3plna2021/.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 23 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:

Lauren Willman at +1-414-545-3838, or email Lauren@3PLogistics.com.

Source:

Armstrong & Associates, Inc.

10401 West Lincoln Avenue, Suite 207

Milwaukee, WI 53227 USA

Phone: +1-414-545-3838 Fax: +1-414-545-3906

3PL Warehousing in the E-Commerce Era

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The Latest Benchmarking Costs, Prices, and Practices for North American Warehousing Available in a New Report from Armstrong & Associates, Inc.

Milwaukee, WI, January 28, 2021 – Armstrong & Associates, Inc. (A&A) www.3PLogistics.com estimates the U.S. Warehousing Market at $173.4 billion with Commercial Warehousing Revenue (comprised of Value-Added Warehousing & Distribution (VAWD/3PL) and Public Warehousing Revenue) at $79.9 billion. By 2021, A&A expects the U.S. Warehousing Market will reach $179.2 billion and the Commercial Warehousing Market will reach $82.6 billion.

To track the most up-to-date costs, pricing, and practices in North American warehousing, A&A collected information from over 668 contract warehousing operations. The results are published in a report released today, “The Business of Warehousing in North America in the E-Commerce Era – 2021, Market Size, Major 3PLs, Benchmarking Costs, Prices and Practices.” The report is the latest in A&A’s series of Warehousing studies, which have been instrumental resources to the industry for over 15 years. In addition to market estimates, warehousing operators and customers of third-party logistics providers (3PLs) will find extensive guidelines for pricing, as well as A&A’s Top 50 North American VAWD 3PLs and Top 20 U.S. E-Commerce 3PLs lists, capability and technology benchmarks, contract length data, warehouse size and revenue, VAWD 3PL customers’ yearly contract value, in-depth analysis by commodities/industries and market rental and vacancy rates.

Top 50 North American VAWD 3PLs
A&A’s Top 50 North American VAWD 3PLs list—representing 3,821 facilities and 939.2 million square feet of warehousing space—includes data on leading 3PLs, including number of warehouses, total space, warehouse and value-added service capabilities, and warehouse management system (WMS) deployment. The Top 50 have an average of 71 warehouses. The average size is 311,081 square feet.

Top 20 U.S. E-Commerce 3PLs
When it comes to e‐commerce fulfillment in the U.S., it is Amazon and then the rest of the pack. Its e-commerce revenues are six times that of its next competitor UPS SCS. For an idea of Amazon’s scale, the revenue generated by the 3PLs listed after Amazon on A&A’s Top 20 U.S. E-Commerce 3PLs list, tallies to just under 53% of Amazon’s revenue.

E-Commerce
U.S. 3PL e‐commerce revenues reached $43.4 billion in 2019, and A&A expects a 28.0% CAGR through 2020 as e‐commerce purchases continue to expand during the pandemic and companies continue to outsource versus build internal fulfillment operations.

Benchmarking Costs and Prices
Operating margins, both expected and actual, have fallen since A&A’s previous studies. Market competition and customer sophistication are two driving forces. Pricing, especially in light of scope creep, is always a challenge. A&A’s Transactional Pricing Guidelines, included in the report, are guidelines for handling charges, storage per month by number of turns, rates for pallets high/deep, costs per square foot, racking costs, inventory turn discounts, per-hour labor rates, and transactional charges. Operating margin benchmarks are also provided.


This market size and benchmarking data is only available from A&A, and will be a valuable desktop reference. The complete report and other A&A research can be found at: https://www.3plogistics.com/product-category/guides-market-research-reports/market-research-reports/.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading third-party logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key information resource for 3PL market research and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of its continued work in supporting its mission, A&A’s 3PL market estimates are the most often cited in securities filings by publicly traded 3PLs, media articles and trade publications. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s research complements its consulting activities by providing a continually updated detailed database for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 23 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:
Jenny Sun at +1-414-545-3838, or email Jenny@3PLogistics.com.
Evan Armstrong at +1-608-268-5860, or email Evan@3PLogistics.com.

Source:

Armstrong & Associates, Inc.

10401 West Lincoln Avenue, Suite 207

Milwaukee, WI 53227 USA

Phone: +1-414-545-3838 Fax: +1-414-545-3906

Website: www.3PLogistics.com

Armstrong & Associates’ Who’s Who in Logistics 3PL Guide Expands Coverage of Privately Held 3PLs

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85% of 3PLs profiled are private versus publicly traded companies

MILWAUKEE, WI, October 23, 2020 – Armstrong & Associates, Inc. www.3PLogistics.com is an internationally recognized leader for third-party logistics market information and consulting. Part of its ongoing mission is to provide clients with proprietary third-party logistics market research not available anywhere else. A&A’s Who’s Who in Logistics 3PL Guide provides online access to its continually updated third-party logistics provider database covering over 670 providers and growing. Providers surveyed and profiled include Global Supply Chain Managers (GSCMs), digital freight brokers, specialized/niche 3PLs, e-commerce 3PLs, 3PL subsidiaries within larger 3PLs, as well as regional divisions of GSCMs.

Some of the latest 3PL additions include: Allcargo Logistics, Black Hawk Transport, Blue Marlin Logistics, Clipper Logistics plc, Edge Logistics, Europa Worldwide Group, Fercam S.p.A., Great Plains Transport, Holman Logistics, Horizon Air Freight, HOYER GmbH, IDEA Groupe, Lazer Spot, Meyer & Meyer, Phoenix Logistics, Raben Group, Rohlig Logistics, SAIC Anji Logistics, ShipMonk, Spartan Logistics Services, TA Services, TFI International, and TVS Supply Chain Solutions.

A&A’s 3PL profiles highlight provider revenues, service offerings, geographies served, warehousing and transportation assets, freight forwarding volumes, IT and operational capabilities, and overall strengths and weaknesses.

Who’s Who in Logistics 3PL Guide and Expert Information Service (EIS) subscribers can search for 3PLs by multiple attributes such as type of service, gross and net revenues, vertical industries served, ocean and air freight forwarding volumes, warehousing square footage, and more! The guide data updates in real-time making it the source for the most up-to-date 3PL information in the industry. According to Armstrong & Associates’ President Evan Armstrong, “The technology behind the 3PL Guide uses up-to-the-minute 3PL profile updates to generate provider queries and ad hoc searches, and it has real-time business intelligence reporting capabilities. It is quick and easy for industry professionals to leverage 3PL information for immediate fact-based decision making.”

In addition, the Who’s Who in Logistics 3PL Guide is synchronized with its sister website www.3PLAdvisor.com, a source for 3PL customer reviews. Provider profile updates automatically update on 3PLAdvisor and the overall rating of a 3PL is displayed on each provider’s Who’s Who in Logistics 3PL Guide profile, so clients will always have the most accurate information at their disposal.

The Who’s Who in Logistics 3PL Guide subscription and other 3PL market research can be purchased at www.3plogistics.com/product-category/guides-market-research-reports/market-research-reports/. The 3PL Guidesubscription comes as a standard benefit for Expert Information Service (EIS) subscribers www.3PLogistics.com/Product/Premium-Market-Research-Analysis-Expert-Information-Service/.

 ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 21 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:
Amy St. Peter at +1-414-545-3838, or email Amy@3PLogistics.com.

Source:

Armstrong & Associates, Inc.

10401 West Lincoln Avenue, Suite 207

Milwaukee, WI 53227 USA

Phone: +1-414-545-3838 Fax: +1-414-545-3906

Website: www.3PLogistics.com

Third-Party Logistics Trends and Executive Predictions Presented at Armstrong & Associates’ Two-Day Virtual Event

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MILWAUKEE, WI, October 19, 2020 – On October 21-22, Armstrong & Associates is virtually hosting the eighth annual 3PL Value Creation Summit. This year’s event analyzes important third-party logistics industry factors (such as the impact of the global pandemic, e-commerce growth, digitalization, and advancements in technological innovation) in an interactive and fully engaged way. Virtually network with global 3PL executives and industry experts that successfully navigate the unique complexities of the 3PL industry.

Through a combination of insightful question and answer style panels, market intelligence, and thought leadership, the 3PL Value Creation North America Summit is a distinct strategic event where C-level 3PL executives, investment community leaders, and technology innovators virtually network to assess the current and future outlook of the third-party logistics market and explore strategies for value creation.

The 3PL Value Creation North America Summit 2020 features a prestigious line up of participants from AIT Worldwide Logistics, Apex Logistics International, ArcBest, Calera Capital, Capstone Logistics, Cardinal Health, Choice Logistics, Clarendon Group, CLN Worldwide, Coyote Logistics, Crane Worldwide Logistics, DB Schenker, DHL Supply Chain, DSC Logistics, DSR Logistics Company, e2open, Echo Global Logistics, EKA Solutions, GEODIS, GlobalTranz Enterprises, Greenbriar Equity Group, Gridiron Capital, LLC, Harris Williams, HubTran, Ingram Micro Commerce & Lifecycle Services, Intel Corporation, JUSDA USA, Kane Logistics, Keller Logistics Group, Kenco Logistics, Knichel Logistics, Körber Supply Chain Software, Lone Star Overnight, Matson, Parade, Port Logistics Group, Red Dog Equity, RLS Logistics, Stifel Nicolaus, Transportation Insight, Truckstop.com, Uber Freight, Watco Supply Services and more.

The 3PL Value Creation Summit will be held virtually on October 21-22, 2020 and sessions are available on demand post event. For further event details or to register, please visit https://www.3plogistics.com/3plna2020/.

ABOUT ARMSTRONG & ASSOCIATES, INC.
Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 21 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

Rising Tide: The Rapid Growth of E-Commerce Logistics, 3PL Solutions, Last-Mile Delivery, and the Dominance of Amazon

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MILWAUKEE, WI, September 24, 2020 – According to Armstrong & Associates, Inc. (A&A’s) newest report Rising Tide: The Rapid Growth of E-Commerce Logistics, 3PL Solutions, Last-Mile Delivery, and the Dominance of Amazon,”  the Census Bureau of the U.S. Department of Commerce, reported adjusted retail e‐commerce sales in the second quarter of 2020 of $211.5 billion, a COVID‐19 driven increase of 31.8% from the first quarter of 2020, and a whopping 44.5% increase from the second quarter of 2019. E‐commerce retail now represents 16.1% of retail sales in the United States. The segment grew at a 14.6% Compound Annual Growth Rate (CAGR) from 2015 through 2019 and shows no sign of slowing.

Growing e-commerce sales are driving up U.S. e‐commerce logistics costs with a 19.9% CAGR expected through 2020. E‐commerce logistics costs currently account for 9.9% of total U.S. logistics costs.

E‐commerce is the fastest growing Third-Party Logistics (3PL) Market segment. Retailers are increasingly relying upon Amazon and Third‐Party Logistics Providers (3PLs) to help manage omnichannel and e‐commerce supply chain operations. U.S. 3PL e‐commerce revenues reached $43.4 billion in 2019, and we expect 28% growth through 2020 as e‐commerce purchases continue to expand during the pandemic and companies continue to outsource logistics activities. With its dominant position, Amazon’s operations boast an estimated 60% market share of the U.S. E-Commerce 3PL Market segment.

The report covers the growth of e‐commerce logistics in the U.S., e-commerce fulfillment and last-mile delivery, third-party logistics provider alternatives to Amazon, Amazon’s leading market position, and an “apples-to-apples” cost comparison between Fulfillment by Amazon (FBA) and 3PL solutions using our proprietary e-commerce fulfillment pricing benchmarks from 21 3PLs representing over 1,000 customers.

Rising Tide: The Rapid Growth of E-Commerce Logistics, 3PL Solutions, Last-Mile Delivery, and the Dominance of Amazon and other 3PL market research can be purchased at www.3plogistics.com/product-category/guides-market-research-reports/market-research-reports/. “Rising Tide” comes as a standard benefit for Expert Information Service (EIS) subscribers www.3PLogistics.com/Product/Premium-Market-Research-Analysis-Expert-Information-Service/.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 21 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

Source:

Armstrong & Associates, Inc.

10401 West Lincoln Avenue, Suite 207

Milwaukee, WI 53227 USA

Phone: +1-414-545-3838 Fax: +1-414-545-3906

Website: www.3PLogistics.com

3PL E-Commerce Business Flourishes in the Face of Coronavirus Volatility and Economic Headwinds

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Milwaukee, WI, August 14, 2020 – According to Armstrong & Associates, Inc. (A&A’s) newest report, “VOLATILE – Latest Third-Party Logistics Market Results and Predictions for 2020 Including Estimates for 190 Countries” e-commerce continues to be the most rapidly growing third-party logistics (3PL) segment. Retailers rely on Amazon and third-party logistics providers to help manage omnichannel and e-commerce operations. A&A estimates that U.S. 3PL e-commerce revenues reached $43.4 billion in 2019 and expects a 28% CAGR through 2020 as e-commerce purchases continue during the pandemic and companies continue to outsource versus build internal fulfillment operations. The report provides A&A’s latest U.S. 3PL e-commerce revenue and logistics costs estimates, as well as Amazon’s U.S. e-commerce 3PL revenue and market share.

With COVID-19 stay-at-home orders and business shutdowns, Value-Added Warehousing and

Distribution (VAWD) had significant growth in business-to-consumer (B2C) e-commerce fulfillment activity during the first half of 2020, while business-to-business (B2B) activity waned. The overall impact for the first half of 2020 was a VAWD gross revenue decline of 7.1% and a net revenue decrease of 5.8%. Q3 and Q4 should see incremental increases as the economy continues to comeback in spits and spurts, and as VAWD customers rush to restore inventory levels.

Within the asset-heavy Dedicated Contract Carriage (DCC) 3PL market segment, gross revenue was off 3% for the first half of 2020 and net revenue saw a slight decline year-over-year. DCC segment shipment volumes declined, but the overall impact was lessened due to the longer-term nature of its customer agreements. We anticipate the COVID-19 economic volatility in domestic transportation and increases in domestic transportation demand to positivity impact DCC growth for the remainder of the year as shippers look for a safe haven for capacity and as DCC providers continue to benefit from contracts negotiated prior to the pandemic.

In the Domestic Transportation Management (DTM) 3PL segment for H1 2020, we saw an 8% drop in gross revenues and a 16% decline in net revenues as shipment volumes dropped off across all modes, especially with customers in Automotive, Industrial, Building/Construction, and Elements/Raw Materials vertical industries. Reefer and Dry Van Truckload fared better than construction dependent Flatbed.

The International Transportation Management (ITM) 3PL segment, consisting of air and ocean freight forwarding and complementary value-added services saw 3.8% gross revenue growth in the first half of 2020. In Q2 2020, ocean and air volumes were off, while air and ocean capacity both remained tight. This resulted in significant rate increases over last year which drove up gross revenues. With the shutdown, commercial airline belly space, which accounts for approximately 40% of total capacity, went away and ocean carrier capacity tightened due to blank (cancelled) sailings out of Asia.

In 2019, overall U.S. 3PL market net revenues (gross revenues less purchased transportation) grew 5.9% to $91.5 billion, while overall gross revenues declined 0.3%, bringing the total U.S. 3PL market to $212.8 billion. For 2020, we expect overall U.S. 3PL gross revenues to work back to a lesser year-over-year decline of just under 1% and a slight net revenue increase for the year.

Global third-party logistics revenues reached $951 billion in 2019 resulting in a mere 2.1% increase over 2018 versus the 9.1% increase it registered in 2018. Due to COVID-19 and trade war headwinds, we are expecting a 2.9% decrease in 3PL revenues globally.

For more information on A&A’s newest report, “VOLATILE – Latest Third-Party Logistics Market Results and Predictions for 2020 Including Estimates for 190 Countries” and other market research, please visit: http://www.3plogistics.com/product-category/guides-market-research-reports/.

ABOUT ARMSTRONG & ASSOCIATES, INC.
Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 21 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

Source:

Armstrong & Associates, Inc.

10401 West Lincoln Avenue, Suite 207

Milwaukee, WI 53227 USA

Phone: +1-414-545-3838 Fax: +1-414-545-3906

Website: www.3PLogistics.com

Armstrong & Associates, Inc. Presents Its Latest Top 3PL Lists

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MILWAUKEE, WI, July 27, 2020 – Armstrong & Associates’ (A&A’s) latest Top Third-Party Logistics Provider (3PL) lists are now available. Leveraging its “Who’s Who in Logistics” online 3PL guide, encompassing 665 3PL profiles and growing, A&A’s Top 3PL lists include:

  • Top 50 Global 3PLs
  • Top 50 U.S. 3PLs
  • Top 25 Global Freight Forwarders
  • Top 100 Domestic Transportation Managers/Freight Brokers
  • Top Global 3PLs by Industry

A&A’s latest Top 3PL lists can be found at: A&A’s Top 3PL Lists.

3PLs interested in being considered for all of our Top 3PL lists can find out more information at: Submit a Profile.

A&A’s “Who’s Who in Logistics” online 3PL guide is updated on an ongoing basis and currently includes 665 3PL profiles. It allows users to search by certain parameters such as type of service, regions served, revenue, assets, and more. Search results can be exported to Excel and 3PL profiles can be downloaded as PDFs. The guide also includes dynamically generated summary reports.

A&A’s “Who’s Who in Logistics” online 3PL guide and other A&A market research can be found at: https://www.3plogistics.com/product-category/guides-market-research-reports/. The guide comes as a standard benefit for Expert Information Service (EIS) subscribers: https://www.3plogistics.com/product/premium-market-research-analysis-expert-information-service/. In addition, the EIS subscription has three subscription levels to choose from based on your research needs.

To learn about additional third-party logistics trends and network with industry leaders, join Armstrong & Associates at its 3PL Value Creation North America Summit which will be held virtually this year on October 21-22, 2020. For further event details or to register, please visit https://www.3plogistics.com/3plna2020/.

ABOUT ARMSTRONG & ASSOCIATES, INC.
Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 21 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

Source:

Armstrong & Associates, Inc.

10401 West Lincoln Avenue, Suite 207

Milwaukee, WI 53227 USA

Phone: +1-414-545-3838 Fax: +1-414-545-3906

Website: www.3PLogistics.com

Armstrong & Associates’ Report Highlights DIGITIZATION: The Convergence of Modern Freight Brokerage, Digital Freight Matching, and Automation in Domestic Transportation Management

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MILWAUKEE, WI, June 15, 2020 – Rapid technological changes to the Domestic Transportation Management (DTM) Third-Party Logistics Market segment have occurred over the last five years. Today a Transportation Management System to run DTM operations is “table stakes” and is just one of the first steps in developing a truly digital freight brokerage operation. The race is on between new Digital Freight Brokers (DFBs) such as Convoy, Uber Freight, and Transfix, which are banking on proprietary digital freight matching tech to create competitive advantage, and established DTM brands with superior network scale such as C.H. Robinson, Coyote, and Hub Group to build leading customer and carrier digital experiences to drive long-term growth.

Since our first report on Digital Freight Matching (DFM) in 2016 where we dubbed the term “Digital Freight Matching”, there has been increasing focus on these companies which have been seen by investors as market disruptors. This report details the convergence of DFM, modern Domestic Transportation Managers, and Digital Freight Brokers. It provides insights into what systems drive a 3PL’s classification as a DFB and what systems can be deployed to augment a TMS and digitalize a DTM/Freight Brokerage operation. Report topics include:

  • Growth of Modern Domestic Transportation Management
  • Overall Market Sizes, Segmentations, and DTM Market Penetration
  • Leading Transportation Management Systems
  • Modern DTM Operating Models and Success Factors
  • The Digital DTM/Freight Brokerage Environment
  • Digital DTM/Freight Broker Key Performance Metrics
  • Digital Freight Broker Distinct Operating Characteristics
  • Digital Freight Broker Core Functionality Areas
  • The latest DTM Merger and Acquisition (M&A) Activity
  • Top 100 DTMs

The report details the digital transformation steps for becoming a Digital Freight Broker with a focus on systems to augment a Transportation Management System (TMS) to digitalize a DTM. It provides the Characteristics, Key Conclusions, and Systems Recommendations for:

  • Capacity Management – Digital Freight Planning and Execution Platform
  • Visibility System Platforms
  • Back-Office Automation Systems
  • Load Boards
  • Other Systems of Note to Support Digitalization Strategies

DTM 3PLs

Allen Lund, Amstan Logistics, ArcBest, Armstrong Transport Group, Arrive Logistics, Ascent Global Logistics, ATS Logistics Services, Averitt Express, Axle Logistics, Bay and Bay Transportation, Becker Logistics, Beemac Logistics, Blue Ribbon Transport, BlueGrace Logistics, BNSF Logistics, Buchanan Logistics, Burris Logistics, C.H. Robinson, Cargomatic, Cerasis, Choptank Transport, Circle 8, Circle Logistics, Container Connection, Convoy, Cornerstone Systems, Covenant Transport Solutions, Coyote Logistics, CRST Logistics, D&L Transport, Dema Service, Diversified Transportation Services, DSV Panalpina, Dupré Logistics, Eagle Transportation, East Coast Transport, Echo Global Logistics, Eminent Global Logistics, England Logistics, Fitzmark, FLS Transportation Services, Fore Transportation, Freight Management, Genpro, GEODIS, Global Freight Solutions, GlobalTranz Enterprises, Great Plains Transport, Hub Group, Integrity Express Logistics, ISG Transportation, ITS Logistics, J.B. Hunt ICS, J.H. Rose Logistics, KAG Logistics, Kenco Logistic Services, Knichel Logistics, Knight-Swift Transportation, Koch Logistics, Landstar System, Leonard’s Express, LoadDelivered, Loadsmart, Logistics Plus, LTX Solutions, M2 Logistics, Magellan Transport Logistics, Marten Transport, Matson Logistics, MegaCorp Logistics, Meridian Logistics (aka FreightPros), Michael’s Cartage, Mid America Logistics, MODE Transportation, Next Trucking, NFI, Nolan Transportation Group, ODW Logistics, Odyssey Logistics & Technology, Our Freight Guy, PAM Transport, Patterson Cos., Penske Logistics, Pepsi Logistics, PLS Logistics, Prime Distribution Services, Priority1, R2 Logistics, Radiant Logistics, Redwood Logistics, ReTrans/Kuehne + Nagel, Roadrunner Transportation Systems, ROAR Logistics, RPM, Ruan, Ryder Supply Chain Solutions, Schneider Logistics, Scout Logistics, Simplified Logistics, Solistica, Southern Counties Express, Specialized Rail Service, Spot Freight, Stagecoach Cartage and Distribution, Streamline Logistics, Strive Logistics, Sunset Transportation, SunteckTTS, Syfan Logistics, TA Services, The Space Cargo Group, Total Quality Logistics, Traffix, TransCorr National Logistics, Transfix, Transplace, Transportation Insight, Trinity Logistics, Triple T Transport, U.S. Logistics, U.S. Xpress, Uber Freight, Universal Logistics Holdings, Unyson Logistics, USAT Logistics, uShip, Veritiv Logistics Solutions, Visible Supply Chain Management, Watco Supply Chain Services, Werner Logistics, Worldwide Express/Unishippers, XPO Logistics.

Digital Freight Matching and Systems Providers

123Loadboard, 3GTMS, Appian “Direct Route”, BluJay Solutions, Cargo Chief, CargoWise, Carrier411, DAT, Descartes “Aljex TMS”, FourKites, HubTran, KeepTruckin, Kofax (Kapow), LoadExpress, Logistical Labs “LoadDex”, MacroPoint, McLeod, MercuryGate, Oracle “OTM”, Parade, project44, Quantum Edge Technology, RMIS, TMW Systems, TransCore “Keypoint”, Triumph Pay, Trucker Path, Trucker Tools, Truckstop.com, Truckstop Pay, Winmore.

“DIGITIZATION: The Convergence of Modern Freight Brokerage, Digital Freight Matching, and Automation in Domestic Transportation Management” and other 3PL market research can be purchased at www.3plogistics.com/product-category/guides-market-research-reports/market-research-reports/. “DIGITIZATION” comes as a standard benefit for Expert Information Service (EIS) subscribers www.3PLogistics.com/Product/Premium-Market-Research-Analysis-Expert-Information-Service/. In addition, the EIS subscription now has three subscription levels to choose from based on your research needs.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 21 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

Source:

Armstrong & Associates, Inc.

10401 West Lincoln Avenue, Suite 207

Milwaukee, WI 53227 USA

Phone: +1-414-545-3838 Fax: +1-414-545-3906

Website: www.3PLogistics.com

Armstrong & Associates’ Report Highlights Trends in Outsourced Third-Party Logistics (3PL) Customer Relationships, Demand for 3PL Services, Changes in Strategic Relationships, Geographical Differences, and Vertical Industry Growth

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MILWAUKEE, WI, May 13, 2020–“Increasingly Strategic: Trends in 3PL/Customer Relationships,” is an expanded update of Armstrong & Associates’ best-selling report. From its analysis of over 7,700 current 3PL customer relationships in 44 countries, totaling nearly 21,000 services, the report identifies and details key trends in outsourced third-party logistics provider (3PL) customer relationships. Armstrong & Associates has been tracking and analyzing 3PL/Customer relationships for over a decade with ever-increasing detail.

Market sizings for both Global and Domestic Fortune customer 3PL revenues are included in the report. Global Fortune 500 customer 3PL revenues reached $371.3 billion in 2019, led by the Technological and Automotive industries, accounting for $102.3 billion and $79.6 billion, respectively. Fortune 1,000 3PL revenues of $166.8 billion comprise nearly 80% of the total domestic U.S. 3PL market. 3PL revenue growth trends for nine major customer industry subsegments are provided. In 2019, 3PL revenues from the Retailing and Technological industries dominated, representing $40.1 billion and $38.2 billion. 3PL revenues by customer industry for both Domestic and Global Fortune companies from 2010 through 2020E are included.

The report also details the type and number of 3PL services customers tend to use. 3PL customers use an average of 2.71 services per 3PL relationship—often a combination of Transportation Management, Warehouse Management, and/or Value-Added Services. Further analysis details the most important 3PL services demanded by each of the nine industry segments.

3PL service and industry trends for three major regions (North America, Asia-Pacific, and EMEA) are examined as well as a deep-dive into 3PL relationships for six countries: China, France, Germany, Hong Kong, Japan, and Mexico.

Detailed information is also provided on leading 3PLs serving customers in the Automotive, Retailing, Technological, and Food & Groceries industries.

The complete report is available from Armstrong & Associates at https://www.3plogistics.com/product/trends-in-3pl-customer-relationships-2020/

ABOUT ARMSTRONG & ASSOCIATES, INC.
Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 85,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 21 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

Source:

Armstrong & Associates, Inc.

10401 West Lincoln Avenue, Suite 207

Milwaukee, WI 53227 USA

Phone: +1-414-545-3838 Fax: +1-414-545-3906

Website: www.3PLogistics.com

Armstrong & Associates’ Events Bring Clarity to Emerging Global and Regional Third-Party Logistics Market Trends In the Era of COVID-19

Published by . Filed under Press Releases. Total of no comments in the discussion.

MILWAUKEE, WI, April 14, 2020 – Armstrong & Associates has two thought provoking third-party logistics events planned for 2020. On July 9th, in partnership with the Global Supply Chain Council, Armstrong & Associates (A&A) hosts its virtual 3PL Value Creation Asia Summit. Then on October 21st and 22nd, A&A hosts its 3PL Value Creation North America Summit in Chicago.

Both events detail the most important global and regional third-party logistics industry trends including: the impact of the COVID-19 pandemic, ongoing “mega trends” in logistics, regional supply chain shifts, mergers and acquisitions activity (M&A), e-commerce logistics growth, and new technologies disrupting the 3PL market.

The virtual 3PL Value Creation Asia Summit provides insights into positioning your company for cutting edge initiatives to enhance customers’ supply chain flexibility and agility, while boosting your bottom line. It provides an unparalleled opportunity to learn and share ideas for driving 3PL growth globally and throughout Asia.

With a focus on executive panels for thought leadership and information sharing, the 3PL Value Creation North America Summit is a unique conference. It represents an outstanding deep dive into the operational, financial, and technological aspects of global and regional 3PL markets. With a mix of executive discussions regarding 3PL industry dynamics, trade, M&A, disruptive technologies, and emerging trends, the North America summit provides an unparalleled analysis of the 3PL industry.

To join A&A events as a speaker or sponsor or for further questions, please reach out to Armstrong & Associates at 414-545-3838. Additional information can also be found at the website: 3plogistics.com/events.

ABOUT ARMSTRONG & ASSOCIATES, INC.

Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 85,000 subscribers globally.

A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 21 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

ABOUT GLOBAL SUPPLY CHAIN COUNCIL

Founded in 2002, the Global Supply Chain Council (GSCC) is Asia’s largest professional organization focused exclusively on supply chain management. Members are experts from all facets of the manufacturing, retail and logistics industry who come together to share practical knowledge and professional expertise to improve individual and industry performance. Visit www.gscc.co for more information.

Source:

Armstrong & Associates, Inc.

10401 West Lincoln Avenue, Suite 207

Milwaukee, WI 53227 USA

Phone: +1-414-545-3838 Fax: +1-414-545-3906

Website: www.3PLogistics.com


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