3rd Quarter Performance Measures Improve for 3PLs Under $16MM
Media Contact: Nick Baker
Alexandria, VA – November 22, 2017 - Transportation Intermediaries Association (TIA) has released its Third Quarter 2017 TIA 3PL Market Report and the results show that participants’ total shipments decreased slightly compared to Q2 2017 and gross profit margin percentage experienced an increase of 40 basis points.
Combined total shipments of truckload, intermodal, and LTL decreased 0.8 percent. Companies less than $16M annual revenue bolstered total shipments by 18.2%, with a corresponding revenue improvement of 17.7% over Q2 2017 activities.
The report represents more than 1.4 million shipments and over $2.5 billion in total revenue for Q3 2017:
The report contains rolling eight-quarter trends, fuel price comparisons, and allows 3PLs and industry observers to view how the industry is performing as well as to compare their business to companies of a similar size. Additionally, the report includes detailed 3PL activities by transportation mode and measures comparative volume, revenue, margin and margin percentages, quarterly and year over year.
The publication is based on a monthly data submissions and surveys of TIA members who provide current operating data, and answer questions on business conditions affecting the 3PL industry. TIA’s efforts provide a comprehensive report on the trends and practices of the 3PL industry.
For additional questions, contact Tom Malloy, Vice President of Membership, at firstname.lastname@example.org or 703.299.5712.
The Transportation Intermediaries Association (TIA) is the professional organization of the $166.1 billion third-party logistics industry. TIA is the only organization exclusively representing transportation intermediaries of all disciplines, doing business in domestic and international commerce. TIA is the voice of the 3PL industry to shippers, carriers, government officials and international organizations. TIA is the United States member of the International Federation of Freight Forwarder Associations, FIATA.