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(Transportation-News.com, August 06, 2016 ) About 3PL Market in the US
3PL is a business process through which companies outsource their logistics and distribution functions to a service provider that specializes in handling logistics functions such as transportation and warehousing.
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Often, 3PL providers go beyond logistics and provide value-added services such as inventory management, cross-docking, door-to-door delivery, and packaging of products. They also provide strategic and operational value to many shippers across the globe. There are currently new and innovative supply chain management techniques to improve overall service quality in the 3PL market.
Technavios analysts forecast the 3PL market in the US to grow at a CAGR of 3.29% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the 3PL market in the US for 2016-2020. To calculate the market size, the report considers net revenue generated by 3PL service providers.
The market is divided into the following segments based on service area:
Domestic transportation management (DTM)
International transportation management (ITM)
Dedicated contract carriage (DCC)
Verified accredited wholesale distributors (AWD)
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Technavio's report, 3PL Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
C.H. Robinson
Deutsche Post DHL
Expeditors
J B Hunt
Kuehne + Nagel
UPS
UTi Worldwide
Other prominent vendors
A.N. Deringer
Agility
APL Logistics
Arnold Logistics
BAX Global
BDP International
BNSF Logistics
Cardinal Logistics
Cat Logistics
CEVA Logistics
Cornerstone Logistics
Coyote Logistics
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