Alexandria, VA – May 19, 2014 Transportation Intermediaries Association (TIA) has released the 1st Quarter 2014: TIA 3PL Market Report and the results show that TIA members’ revenue increased.
Despite the difficult environment of Q1 2014 all three primary modes had double digit revenue growth. Within the three modes; intermodal was the only mode that saw an increase in shipment volume, invoice amount per load and total revenues. However, LTL experienced the largest increase in total shipments. All modes experienced a margin percentage decline. With a focus on a Six Rolling Quarters comparison, from Q4 2013 to Q1 2014, LTL volume achieved a six quarter high in Q1 2014. Truckload volume decreased modestly and LTL invoice amount per load decreased as well.
The report is comprised of data drawn from three categories of members based on revenue; the report represented nearly 1.38 million shipments and $2.56 billion in total revenue for Q1 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 summary of performance for the 3 primary modes comparing Q1 2014 vs Q1 2013.
Mode Summary Q1 2014 vs. Q1 2013
|Margin %||-30 Basis Points||-230 Basis Points||-100 Basis Points|
“3PLs continued to grow, expand, and change their businesses,” said TIA President & CEO Robert Voltmann. “This is TIA’s 20th 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 22-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.