Global Third-Party Logistics (3PL) Market Overview:

The Global Third-Party Logistics (3PL) Market is projected to witness an above-average growth over the forecast period (2019 - 2025).

Variety in transportation abilities and expanded shipping demand has empowered specialist organizations to improve their supply chain activities. The third-party logistics market is required to advance as specialist co-ops are moving towards the utilization of mechanized freight payment and audit services to diminish costs. These suppliers are increasing upper hands by diminishing capital expenditure (CAPEX), mitigating risks, managing inventory, and focusing on the center abilities of their business activities. The development of Big Data and the accessibility of industry-specific logistics services are required to be the key driving elements boosting industry development.

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According to the market report analysis, the vendors and end-use industries in the emerging countries lack the internal control required for addressing logistics challenges. This has provided an impetus to the 3PL industry growth. Additionally, the key vendors are adopting cloud-based Customer Relationship Management (CRM) solutions to enhance the shipper-vendor relationship and reduce the supply chain complexities by providing increased visibility in the process. However, the economic downturn is dampening the interest of 3PL providers in making capital investments.

Latest Industry News:

1 CEVA Logistics (April 12, 2019) – CEVA Logistics renews contract with FCA until 2022 – CEVA Logistics, one of the world's leading supply chain management companies, is further consolidating its partnership with Fiat Chrysler Automotive (FCA) in Brazil by renewing its existing business partnership with the awarding of additional four and a half year contract.

The partnership between CEVA and FCA has stretched across 21 years and includes aftermarket operations to service more than 500 Fiat dealers throughout Brazil. CEVA's services are concentrated at FCA's facility at Betim (MG) comprising a 98,000 sqm facility with a production capacity of 180,000 outbound lines per month. The renewed contract will be maintained for an additional four and a half years for both warehouse and outbound transportation. In addition to the renewal, CEVA has been awarded additional business, including outbound transportation for the south region in Brazil.

2 Burris Logistics (April 3, 2019) – Burris Logistics, provider of end-to-end supply chain solutions, announced today that it has acquired Trinity Logistics.

“We are pleased to welcome the team members, agents, customers and carriers of Trinity Logistics to the Burris family,” shared Donnie Burris, President/CEO of Burris Logistics. “As a $3 billion-dollar organization with 1,700 Team Members, 16 locations throughout the United States and multiple Business Units in the transportation and supply chain industry, Burris Logistics were poised to be the partner that would create more opportunities for the well-established Trinity Logistics. The strong Trinity brand will remain in place, and their successful team will continue to focus on providing high-quality logistics, with the additional resources of our transportation assets and supply chain solutions.”

Top Leading Key Manufacturers are: BDP International, Burris Logistics, CH Robinson Worldwide, CEVA Logistics, DB SCHENKER Logistics, Exel, Expeditors International of Washington, Inc., FedEx Corporation, J.B. Hunt Transport Services, Amerigold Logistics and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.

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Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Third-Party Logistics (3PL) in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America

Major Points in Table of Contents:

Global Third-Party Logistics (3PL) Market Report 2019

1 Global Third Party Logistics (3PL) Market Definition and Scope

1.1 Research Objective

1.2 Market Definition

1.3 Scope of The Study

1.4 Years Considered for The Study

1.5 Currency Conversion Rates

1.6 Report Limitation

2 Research Methodology

2.1 Research Process

2.1.1 Data Mining

2.1.2 Analysis

2.1.3 Market Estimation

2.1.4 Validation

2.1.5 Publishing

2.2 Research Assumption

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