U.S. and Global Third-Party Logistics Market Analysis is Released
U.S. and Global Third-Party Logistics Market Analysis is Released
L'étude d'Armstrong et Associates sur le marché logistique US et mondial....
Communiqué d'Armstrong :
http://www.3plogistics.com/PR_3PL_Financial-2010.htm
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¹The Journal of Commerce estimate.
L'étude d'Armstrong et Associates sur le marché logistique US et mondial....
Communiqué d'Armstrong :
"STOUGHTON, WI, May 24, 2010 – 2009 wasn’t a pretty year for 3PLs. In lock step with the global economic nose dive, domestic revenues for the third-party logistics (3PL) market sank. Hardest hit was the International Transportation Management (ITM) segment with gross revenue (turnover) falling 23.7% as total U.S. import and export ocean TEUs (trailer equivalent units) dropped 12.3%.¹ Airfreight metric tons dropped similarly with reductions at JFK and the Chicago airports exceeding 20%. As prices dove in the face of soft demand, net revenues (gross margins) shrank by 18.9%. Expeditors International, the largest U.S. freight forwarder, saw gross revenue decrease 27% and net revenue decrease 14%. The good news is that first quarter 2010 results have included double digit improvements in ITM and other 3PL market segments as the economy steadily recovers.
http://www.3plogistics.com/PR_3PL_Financial-2010_files/image002.gif
Overall, U.S. 3PL market gross revenues decreased 16% in 2009 dropping to $107.1 billion. Dedicated Contract Carriage (DCC) fell 16%. Domestic Transportation Management (DTM) was down 15.1% in gross revenue and 11.4% in net revenue. Value-Added Warehousing and Distribution (VAWD) suffered with only single digit reductions.
The VAWD segment’s gross and net revenues were both down 5.3% and 6.9% respectively compared to 2008.
Net income margins dropped in all categories. The ITM segment was the least affected with a 6.3% drop. VAWD took the biggest hit with a 25% drop. Overall, 3PL net income margin dropped from 5.3% in 2008 to 4.7% in 2009.
We anticipate a significant recovery for 3PLs in 2010. Many first quarter results suggest a recovery that will restore the third-party logistics market to 2007 levels, and we predict 13.4% growth in gross revenue and 8.3% growth in net revenue in third-party logistics for 2010."
http://www.3plogistics.com/PR_3PL_Financial-2010.htm
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¹The Journal of Commerce estimate.