Business, Logistics

High Demand Drives 3PLs to Best Growth Year on Record

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 to bolster inventories and avoid product stockouts.

Evan Armstrong | President of Armstrong & Associates Inc.
April 8, 2022
Business, Technology, Logistics, Top 50

Pandemic Upends Logistics Market

The COVID-19 outbreak created a volatile U.S. third-party logistics market in 2020, which presented growth opportunities for 3PLs with strong carrier management, e-commerce and airfreight forwarding capabilities, while other 3PLs did not fare as well.

Evan Armstrong | President of Armstrong & Associates Inc.
April 3, 2021
Business, Logistics, Top 50

After Mixed Financial Results in 2019, 3PLs Face Coronavirus Headwinds

Coming off an extraordinary growth market in 2018, third-party logistics companies operating in the United States experienced a more mixed year in 2019.

Evan Armstrong | President of Armstrong & Associates Inc.
March 19, 2020
Business, Logistics, Top 50

2018 Was a Year of Extraordinary Growth for 3PLs

The two main drivers of growth for logistics companies in 2018 were an inventory buildup to beat tariffs and solid expansion in the domestic economy.

Evan Armstrong | President of Armstrong & Associates Inc.
April 8, 2019