3PLs Shows Increased Activity, TIA Says

The Transportation Intermediaries Association has released its second-quarter 3PL Market Report, which showed that total dollars billed by all study participants for all activities increased about 7% from the first quarter.

Average volume for third-party logistics firms also was slightly in the period, “another encouraging sign of increased activity,” said TIA, which TIA represents 3PL firms.

The majority of the firms responding expressed expectations that were generally more positive in the quarter, with 60% of those indicating their outlook for future business expectations was positive and that they expect business from core customers to increase in the near future.

“We are very excited about the release of the report,” TIA President Bob Voltmann said in a statement. “There are now 42 companies reporting data on a monthly basis [and the report] is the only empirical report on the dynamic and growing 3PL market.”