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Report: 3PLs doing better than economy overall

from Fleet Owner

In its recently released TIA 3PL Market Report, the Transportation Intermediaries Association noted that, in general, TIA members outperformed the economy. The report, which represented nearly 1.2 million shipments and just under $1.9 billion in total revenue for Q1 2011, found that — compared to Q1 2010 — total shipments increased 7.4 percent and total revenue increased 17.1 percent. Profit margins declined, however, down 2.9 percent from 15.3 percent to 14.9 percent. "3PLs continued to grow, expand and change their businesses," said TIA president and CEO Robert Voltmann. "This is TIA's 10th quarterly report on the 3PL industry; it is also the most comprehensive report having incorporated a number of new data reporting elements." more

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