Logistics Services Providers - Coverage Report Q1 2019

Published on: 03/20/2019

Logistics services providers are a vital component of the Transportation and Logistics (T&L) industry as shippers seek ways to swiftly navigate the increasingly complex supply chain. In 2018, third-party logistics providers (3PLs) accounted for an estimated 81% of domestic transportation, 69% of warehousing, 50% of freight forwarding and 40% of customs brokerage, according to the 2019 23rd annual Third-Party Logistics Study headed by Dr. John Langley of Pennsylvania State University. Amid rising T&L costs and the ongoing truck driver shortage, providers are continually seeking to adopt new technologies to enhance data-driven supply chain visibility and to mitigate costly disruptions such as volatility in commodity, labor, and energy prices.

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