If the theme of the logistics industry in 2021 was “absorb the growth,” the theme today is “accommodate the growth.” While the financials are still coming in for third-party logistics operators (3PLs), all indicators show that 2022 shaped up as a very good growth year.
Armstrong & Associates’ (A&A’s) current estimates show U.S. 3PL market net revenues (gross revenues less purchased transportation) grew 24% to $148 billion, while overall gross revenues increased 18.3%, bringing the total U.S. 3PL market to $405.5 billion in 2022.
