Description
This in-depth analysis explores the latest trends in the third-party logistics (3PL) industry, detailing its major segments and providing estimates for both the U.S. and global 3PL markets. It also examines the top 50 U.S. and global 3PLs and reviews 3PL mergers and acquisitions (M&A) activity. Additionally, the report includes A&A’s lists of the Top 50 Global 3PLs and Top 50 U.S. 3PLs for 2024.
In 2024, the U.S. Third-Party Logistics market experienced growth, with gross revenues increasing by 2.8% to reach $307.9 billion and net revenues rising by 1.8% to $131.5 billion. This growth represents a rebound from a significant 26.1% decline in 2023. International Transportation Management led this growth at 7.9%, driven by shipping disruptions and expedited shipments in anticipation of tariff hikes. Dedicated Contract Carriage achieved the highest net revenue growth at 5.3%, while Value-Added Warehousing operated near full capacity. Globally, 3PL revenues reached $1.22 trillion, with a market penetration rate of 10.2%.
Technology adoption is increasing across various segments, with advancements in warehouse robotics, AI-driven customs clearance, and digital freight solutions enhancing visibility and operational efficiency. The report offers comprehensive market sizing, 2025 projections, and insights into the trends shaping the industry.
This report is part of A&A’s premium market research Expert Information Service (E.I.S.). (Note: This report is downloadable as an Adobe PDF file with a single user license.)
Click the link to view a sample of this report: Third-Party Logistics Market Results and Outlook for 2025 Sample
