U.S. 3PL Market Forecasted to reach $154 billion in 2014
The U.S. Third Party Logistics market gross revenue grew 3.2% from 2012-2013 according to Armstrong & Associates, Inc. The research and consulting firm also estimates that growth will be 5.2% for 2014 bringing the U.S. market size to $154 billion.
Net revenues are expected to increase by 4.3% from $64.6 billion in 2013 to $67.4 billion in 2014. Domestic Transportation Management (DTM) should increase 7.5%.
Growth in DTM continues to be fed by the expansion of the base of customers using third-party logistics providers (3PLs). It is common now for customers with as little as $3 million in transportation spend to use at least one 3PL.
Similarly, third-party logistics services provided are more systems-driven rather than just load-by-load transactions. Systems based “Enterprise Accounts” constitute a significant part of the business for all major domestic transportation managers.