3pl
Top 50 US Third-Party Logistics Providers of 2024
Adriana Pulley · June 7, 2024 · 1 min read
2023 was a rollercoaster for third-party logistics (3PL) providers. Rates tanked, fuel prices soared, and finding talent became a nightmare. Warehouse space? Tight. Regulations? Increased. And disruptions? Frequent. Shippers were all about cutting costs and managing inventories better.
Key Challenges:
Economic Downturn: The top challenge for 3PLs, according to Transport Intelligence (Ti).
Rising Costs: Fuel prices and operational costs are through the roof.
Increased Competition: New players in the market are pushing prices down.
Despite the challenges, here is the list of top-performing U.S. 3PL providers by revenue. This list comes from the leading 3PL consulting and research company Armstrong & Associates, Inc.
Top 10 U.S. 3PLs
Amazon**: $140.1 billion
C.H. Robinson: $16.7 billion
J.B. Hunt: $12.5 billion
UPS Supply Chain Solutions: $11.5 billion
GXO Logistics: $9.8 billion
Kuehne + Nagel (Americas): $9.6 billion
Expeditors: $9.3 billion
Ryder Supply Chain Solutions: $7.7 billion
Total Quality Logistics: $6.9 billion
DSV (North America): $6.0 billion
You can view the full top 50 list here.
*Revenues cover all four 3PL segments (DTM, ITM, DCC, and VAWD), are company-reported or A&A estimates, and have been converted to USD using the annual average exchange rate. **Revenue shown is that of Amazon’s Third-Party Seller Services business segment, including its 3PL operations as well as commissions and any related fulfillment and shipping fees, and other third-party seller services. Based on its 3PL warehousing footprint and e-commerce fulfillment focus, Armstrong & Associates estimates most of this segment’s revenue is from 3PL services. Copyright © 2024 Armstrong & Associates, Inc.
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