Members of the Transportation Intermediaries Association, which represents third-party logistics providers in the U.S., outperformed the economy in the first quarter of 2013, according to the group’s “1st Quarter 2013: TIA 3PL Market Report.”
The report, comprising data drawn from three categories of members based on revenue, represented nearly 1.3 million shipments and just under $2.3 billion in total revenue for the first quarter of the year. It showed that nearly all of the revenue was derived from over-the-road truckload, rail intermodal and less-than-truckload modes.
Although shipment volume increased consistently within the three modes in the first quarter, profit declined 70 and 90 basis points respectively for truckload and intermodal, driven by greater transportation costs, while LTL shipping outpaced all modes by increased 140 basis points year-over-year.
“3PLs continued to grow, expand and change their businesses,” said Robert Voltmann, TIA president and CEO, in a written statement. “The report indicates that 3PLs continue to expand their services.”