How many 3pl companies are there

Jacobs in GXO has operations in freight brokerage, intermodal and drayage, last-mile delivery and global forwarding. The second-largest contract logistics provider worldwide, GXO Logistics manages more than million square feet of warehouse facility space. DSV Panalpina is a Dutch logistics company with services offering road, rail, sea, and air transport founded in The acquisition added nearly 5.

DSV Panalpina is one of the five largest third-party logistics companies in the world , with a global workforce of nearly 60, employees spanning 90 countries. Nippon Yusen is a Japanese shipping company that is part of the Mitsubishi group of companies keiretsu.

The history of the company can be traced back to Tsukumo Shokai Shipping company was founded transporting passengers from Yokohama to Shanghai. Today, the company offers end to end logistics solutions on top of their core business of shipping. The company operates more than shipping vessels, making it one of the largest shipping companies in the world. The company was formed in during the Japanese colonial period in Korea with a single warehouse as Chosun Rice Warehousing Co. Later, the company was named Korea Express, and multiple mergers and acquisitions led to its current name.

Today, the major business of CJ Logistics is contract logistics, freight forwarding, port logistics, courier and global transportation services. The history of the company can be traced back to when Emile Calberson founded a courier business in Le Havre transferring to and on the rail network.

The entity existing today is the result of mergers and acquisitions over a century. Ryder is an American provider of transportation services and supply chain management products. Their most profitable business is their fleet of rental trucks. They have operations in North America and Europe. Ryder operates in three business segments: fleet management solutions, supply chain solutions and dedicated transportation solutions. Founded in in Miami as a concrete hauling company with a fleet of one truck, Ryder acquired several companies over the years to expand its business and now operates facilities with 50 million square feet of warehouse space.

Toll Group is a multinational transportation and logistics company based in Australia. The company was founded in as a horse and cart hauling business. The founder of the company was Albert Toll, who is the namesake for the company. During its history, it underwent a slew of mergers and acquisitions.

They have operations in road, rail, sea, air transport and warehousing , including dedicated warehouses, multi-user warehouses and facilities operations services. Expeditors International of Washington Inc. John Kaiser was the Chief Executive at the time of its formation. Today, the company serves customers in more than 60 countries around the world, providing supply chain solutions, transportation, compliance solutions and warehousing and distribution services.

Expeditors International manages 25 million square feet of warehousing space across facilities located in 50 countries. The company was first traded in public markets in The company operates in more than countries in 17 clusters.

Customer ecommerce websites 3PLs must also be capable of building flawless connections that will ensure proper fulfillment after a sale that may include:. In fact, 3PL Central has nearly one thousand access credentials connecting more than 7, different endpoints and continues to expand, offering comprehensive solutions used by over 10, logistics professionals daily.

This new decade brings a wealth of opportunities for third-party logistics warehouses, their partners, and their customers. Those looking to take advantage and succeed in the evolving supply chain and logistics industry will need to embrace advanced technologies, initiate compelling partnerships, and implement best practices to ensure efficient operations and growth opportunities.

Third-party logistics professionals, operators, and staff are squarely at the center of this expanding market. They have the power to change how they meet customer expectations, implement and support new innovations and technology, and define key logistics trends by streamlining and automating best practices across the industry—and not just in the warehouse.

For a full list of the 20 best practices your warehouse needs to implement to achieve success in , download the full report. Interested in learning how 3PL Central can help your warehouse implement a comprehensive WMS platform and share our expertise in building best practices across your warehouse in ? Toggle navigation. Customer Central Contact Us Share this with your network:. The successful ones now use another factor to gain an edge: analytics.

These tools will enable these 3PLs to do the following: Better predict future demand and requirements to establish a baseline. Help customers better manage their inventory and incoming orders.

As a result, new firms enter and inefficient firms exit the marketplace for 3PL services. Since , the company performs better and reached its peak revenue values over the last two decades. Outlook of 3PL services Like many industries, logistics is also not immune to potential disruptions in search for higher profit by some firms.

The firm dynamics exposes current market-dominant players into an uncertain and disruptive situation by challenging the status quo of 3PL operations through new ways of doing business efficiently, sustainably, and more profitably. In addition to external business challenges, 3PL businesses are facing many internal challenges too. During a survey, providers and users of 3PL services expressed that capacity, growth management, and finding or retaining customers were the top three challenges in the 3PL industry.

At the moment, 3PL service providers offer inbound logistics, integrated logistics, lead logistics, inventory management and many more. One of the innovative steps taken by 3PL businesses is to integrate IoT technologies into the supply chain services to face upcoming challenges ahead of time. This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.

Size of the global logistics market. Segments 3PL revenue in Europe. Companies Leading 3PL provider in the world. Thus, increase in competition has diverted the focus of manufacturers to promote respective specializations in production and distribution. Get more information on this report : Request Sample Pages. Furthermore, rise in globalization has aided in setting up a worldwide network of manufacturing activities.

To maintain it efficiently, the demand of 3PL services is expected to rise. Moreover, the scope of 3PL services is anticipated to increase during the forecast period, as productivity gains in supply chain in terms of cost and reliability can be derived with the help of managerial and information technology expertise provided by 3PL companies.

In addition, the development of the e-commerce industry and increase in reverse logistics operations drive the growth of the global 3PL services market. However, loss of direct control on the logistics service and potential loss of reputation are the most critical factors that restrict the growth of this market. Some of the key players operating in the 3PL market include C.

Robinson Worldwide, Inc. Dynamic market conditions and improvement in the global economy are the key factors driving globalization. Various activities related to trade have been witnessed to increase, owing to rise in globalization. Hence, manufactures or retailers find it difficult to keep a track of these activities in an efficient manner, 3PL companies help these manufacturers to keep track and control these activities. This factor is expected to drive the market.

Moreover, development of the overseas market is a significant factor that fuels the growth of the 3 PL industry. Thus, increase in trading activities due to globalization fuels the growth of the 3PL market.

Airways segment is projected as the most lucrative segments. Increase in focus of retailers and manufacturers on their core business and sub-contracting activities, such as logistics where they have less expertise, has been witnessed in the market. The goal here is to promote respective specialization in production and distribution. Off shoring and outsourcing result in longer and more complex supply chains. Management of this type of supply chain is extremely difficult for manufactures; therefore, the need for 3PL service providers is expected to increase in the upcoming years.

Third-party logistics service providers are responsible for one of the most critical functions of the business such as management of custom, distribution, and order fulfillment. In case a 3PL service provider fails to deliver the order on time, it leads to decrease in creditability of the manufacturing company, thereby degrading the level of trust of consumers on the company.

This factor is expected to restrain the growth of the global 3PL market. By using 3PL service, a manufacturing company has to rely on the reliability, competency, and honesty of service providers.

In this scenario, manufacturer has to rely on 3PL provider, which results in lack of direct control. In addition, manufacturer is not able to monitor the operations at warehouse, which is a serious threat to the quality of products.

Thus, lack of control of manufacturers on logistics service hinders the global market growth. This study comprises the analytical depiction of the global 3PL market analysis along with the current trends and future estimations to depict the imminent investment pockets.

The overall market potential is determined to understand the profitable trends to gain a stronger foothold. The report presents information related to the key drivers, restraints, and opportunities of the global 3PL market with a detailed impact analyses. The current market is quantitatively analyzed from to to benchmark the financial competency. Report description 1. Key benefits for stakeholders 1. Key market segments 1. Research methodology. Primary research 1. Secondary research 1.

Analyst tools and models. CXO perspective. Market definition and scope 3. Key findings. Top impacting factors 3. Top investment pockets 3. Top winning strategies. Market share analysis 3. Market dynamics.

Increase in trading activities due to globalization 3. Rise in focus of manufacturers and retailers focus on core competencies 3. Development of the e-commerce industry coupled with rise in reverse logistics operations.

Risk to goodwill of manufacturer 3. Lack of control of manufacturers on logistics service.