Across-the-board Growth in 3PL Truckload Activity in Second Quarter 2016
Alexandria, VA – August 22, 2016 – Transportation Intermediaries Association (TIA) has released their Second Quarter 2016 TIA 3PL Benchmarking Report and the results show that participants’ total shipments increased compared to Q1 2016, while gross profit margin percentage declined.
The report represents nearly 1.3 million shipments and over $2.1 billion in total revenue for Q2 2016:
|Total Activity Summary|
|Total Revenue (000)||$2,121,391||$1,985,995||6.8%|
|Invoice Amount per Shipment||$1,652||$1,656||-0.2%|
|Profit Margin %||16.0%||16.1%||-10 Basis Points|
Combined total shipments of truckload, intermodal, and LTL increased 7 percent. Truckload bolstered the total shipments with a 6.2 percent increase in Q2. Participants in the less than $16M annual revenue had the greatest increase of total shipments at 13.0 percent.
Truckload participants’ margin percent varied between the groups, with those in the less than $16M group seeing a margin percent increase, while participants in the $16 to $100M and over $100M groups saw a margin percent decrease.
The report contains rolling eight-quarter trends, fuel price comparisons, and allows 3PLs to see how the overall industry is performing as well as to compare their business to companies of a similar size. The full report is available to the public for purchase on TIA’s website.
Author Mark Christos speaks on the value of the benchmarking report here.
The publication is based on a monthly survey of TIA members who submit current operating data, and answer questions on business conditions affecting the 3PL industry. TIA’s efforts provide a truly comprehensive report on the trends and practices of the 3PL industry
For additional questions, contact Matt Hirniak (email@example.com 703.299.5714).
The Transportation Intermediaries Association (TIA) is the professional organization of the $160.2 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 transportation intermediaries to shippers, carriers, government officials and international organizations. TIA is the United States member of the International Federation of Freight Forwarder Associations, FIATA.