Evan Armstrong

Business, Logistics

High Demand Drives 3PLs to Best Growth Year on Record

An Expeditors loading dock Expeditors International is the largest U.S.-based ITM 3PL revenue-wise. (Expeditors International via Facebook)

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

An XPO Logistics employee works in a warehouse. (XPO Logistics) An XPO Logistics employee works in a warehouse. (XPO Logistics)

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

The airfreight forwarding sector, in which DHL ranks No. 1, logged one of the weakest years for logistics subsegments. The airfreight forwarding sector, in which DHL ranks No. 1, logged one of the weakest years for logistics subsegments. (Luke Sharrett/Bloomberg News)

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

C.H. Robinson truck C.H. Robinson led the nonasset-based domestic transportation management segment. TT File Photo

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