3PL News Updates

Third-party logistics providers enjoyed another growth year in 2022, driven by inventory buildup from past supply chain disruptions and decreasing purchased transportation costs.

The largest third-party logistics companies in North America remained in growth mode in 2022 despite an uncertain economic environment and less favorable market conditions.

Third-party logistics providers have been adjusting to normalizing market conditions as supply chain disruptions, inventory shortages and surging demand have receded.

The shipper community continues to increase its use of third-party logistics providers in the aftermath of the pandemic and major technological changes.

While the worst of the global supply chain snarls brought on by the COVID-19 pandemic now appear to be in the rearview mirror, it’s still not business as usual for international freight.

SAN DIEGO — Closer collaboration and a willingness to find different ways to move freight are among the ways that third-party logistics providers have been navigating the supply chain disruptions, delays and scarce capacity that have characterized the past two years.

As the 3PL industry continues to grow, so, too, does Transport Topics' annual ranking of the largest logistics companies in North America, this year expanding from 50 to 100 companies.

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.

The past two years have been difficult ones for shippers to move their freight. But times like these are when logistics providers can most clearly demonstrate the value they bring to their business partners.

Third-party logistics companies are facing a changing environment and an evolving relationship with shippers, according to a new study.