3PLs have been facing a bundle of headwinds that have dented revenue growth for the sector. Value-added warehousing, which topped the other segments in 2023, is now experiencing a slowdown, but industry executives have expressed optimism that this is but a temporary blip.
According to Armstrong & Associates’ Third-Party Logistics Results & Outlook, net revenues (gross revenues less purchased transport) of US 3PL operators dropped 12.8% in 2023, to $129bn, while …
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