The Future of 3PLs

by Kevin O'Neill

Outsourced logistics services also known as third-party logistics (3PLs) has grown significantly since 2015.  What is driving this $160 billion industry? Two key factors are lower fuel prices as well as a number of mergers and acquisitions.

The trucking industry continues to contribute to the significant growth but that growth puts pressure on 3PLs to manage carrier selection, risk and the supply chain. As more shippers use 3PLs they want contract rates to reduce the cost fluctuation. 3PLs face several challenges as they continue to change and adapt to shipping demands such as:

  • Outside pressures – shipper instability
  • Impact of e-commerce – growth and capacity
  • Technology and value-added – adapting to technology changes and needs

Read MHI’s blog to learn how 3PLs gain efficiencies through innovative solutions and information sharing.

About the blog

Learn more about mezzanines, work platforms and other steel structures, and about trends in the material handling and industrial processing markets from our blog posts by Steele Solutions President Kevin O’Neill. Check out the blog archives for helpful advice on structure selection, siting and applications.

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