Alexandria, VA – August 21, 2014 Transportation Intermediaries Association (TIA) has released the 2nd Quarter 2014: TIA 3PL Market Report and the results show that TIA members’ revenue increased.
It was an all-around positive quarter for TIA members. Activity increased across all measurements compared to last quarter. Total shipments, total revenue, invoice amount per shipment, and gross profit margin percent increased by almost 8%, 12.6%, 4.4% and 60 Basis Points respectively. DOE fuel cost per gallon decreased modestly by 0.4% in the period.
Author Mark Christos speaks on the value of the report here.
The report is comprised of data drawn from three categories of members based on revenue; the report represented over 1.53 million shipments and over $2.95 billion in total revenue for Q2 2014.
The TIA 3PL Market Report separates performance by the core services each 3PL offers. Nearly 98% of all revenue was derived from over-the-road truckload (TL), rail intermodal (IM) and Less-than-Truckload (LTL). Below is a comparison of performance for the 3 primary modes in Q2 2014 versus Q1 2014:
Mode Summary Q214 vs. Q114
|Download PDF report here||Download PDF report here||Download PDF report here||Download PDF report here|
|Total Invoice Dollars||14.7%||8.2%||8.5%|
|Margin %||80 Basis Points||30 Basis Points||Even|
“3PLs continued to grow, expand, and change their businesses,” said TIA President & CEO Robert Voltmann. “This is TIA’s 23rd quarterly report on the 3PL industry. The report indicates that 3PLs continue to expand their services. The percent of 3PLs offering intermodal and LTL continues to increase each quarter and 100% of all 3PLs report activity in TL.” Voltmann said.
The 21-page report has over 30 charts and data tables that further examine additional metrics of each mode. Additionally, the report contains rolling six quarter trends, fuel price comparisons, and provides any 3PL to see how the overall industry is performing as well as the ability to compare to companies within their peer group based on size.
The publication is based on a monthly survey of TIA members who submit real operating data, and answer questions on business conditions affecting the 3PL industry. TIA’s efforts are providing a truly comprehensive report on the trends and practices of the 3PL industry.
The Transportation Intermediaries Association (TIA) is the professional organization of the $162 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.