Third-Party Logistics in the US - Industry Market Research Report

Third-Party Logistics in the US - Industry Market Research Report

Third-Party Logistics in the US

Operators in the Third-Party Logistics (3PL) industry provide outsourced logistics services, including warehousing, forwarding, packing, consulting, order fulfillment, brokerage and transportation documentation. 3PL operators also offer to integrate and customize their services for customers. In the past five years, industry revenue grew at a CAGR of 2.3% to $246.2 billion, including a 0.5% drop in 2023 alone, when profit decreased to 8.5%. The economic turmoil in 2020 due to the COVID-19 pandemic limited growth. The pandemic cut freight shipping rates as oil prices fell and in-person commerce and consumer spending dropped.

Third-party logistics (3PL) companies provide outsourced logistics services to clients. Operators typically provide integrated supply chain solutions which include, but are not limited to, warehousing, forwarding, packing, consulting, brokerage and transportation documentation. In particular, 3PL providers will tailor and incorporate their services into their customer’s supply chain based on the client’s needs. All revenue in this report is gross revenue.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."