3rd Quarter Performance Measures for 3PL Industry
For Immediate Release
NOVEMBER 25, 2019 – ALEXANDRIA, VA – Transportation Intermediaries Association (TIA), the voice of the 3PL industry, announced today the release of its Third Quarter 2019 TIA 3PL Market Report. The results show that participants’ total shipments decreased compared to Q3 2018 and gross margin percentage experienced a decrease of 30 basis points.
Combined total shipments of truckload, intermodal, and LTL decreased 1.0 percent. Comparing total performance by group size, companies larger than $16M experienced declines in revenue and gross margin, while companies less than $16M had a 1% improvement in revenue and a 13.3% improvement in gross margin compared to Q318. All companies reported decreases in shipments.
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 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 information regarding the Third Quarter 2019 TIA 3PL Market Report – or the recently launched 3PL Market Report Online Dashboard, where you can choose reports and comparison data sets that deliver results that are both personalized and meaningful to your business – please contact Cindy Amos (email@example.com or 703.299.5710).
If you have any questions or would like to learn more about TIA, please visit www.tianet.org.
The Transportation Intermediaries Association (TIA) is the professional organization of the $214 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.