Albany, NY -- (SBWIRE) -- 02/11/2016 -- Description

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. 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.

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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
CRST Logistics
DB Schenker Logistics
DSC Logistics
Echo Global Logistics
FedEx
Genco
Hub Group
Kenco Logistics Services
Kerry Logistics
Landstar Logistics
LeSaint Logistics
Menlo Worldwide
MIQ Logistics
ModusLink Global Solutions
NAL Logistics
Neovia Logistics Services
NFI
Ozburn-Hessey Logistics
Panalpina
Penske Logistics
Roadrunner Transportation Services
Ryder System
Saddle Creek Logistics Services
Schneider Logistics
Swift Dedicated
TMSI Logistics
Total Quality Logistics
Transplace
Unyson Logistics
UTX Logistics
Werner Enterprises Dedicated and Logistics
XPO Logistics

Market driver

Cost-effectiveness of 3PL services
For a full, detailed list, view our report

Market challenge

Low adoption of technologically advanced equipment by 3PL providers
For a full, detailed list, view our report

Market trend

Increase in M&A
For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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