DUBLIN, May 18, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "3PL Market in the US 2016-2020" report to their offering.
3PL is a business process through which companies outsource their logistics and distribution functions to a service provider that specializes in handling logistics functions such as transportation and warehousing. Often, 3PL providers go beyond logistics and provide value-added services such as inventory management, cross-docking, door-to-door delivery, and packaging of products.
The market is divided into the following segments based on service area:
- Domestic transportation management (DTM)
- International transportation management (ITM)
- Dedicated contract carriage (DCC)
- Verified accredited wholesale distributors (AWD)
M&A activity has been on the rise in the global 3PL market since 2010. The M&A strategy is used by companies to expand the service portfolio and geography of their business operations. Between 2010 and January 2015, XPO Logistics made a total of 12 acquisitions and Roadrunner Transportation Services made 10 acquisitions.
According to the report, companies outsource their logistics services to 3PL service providers to reduce operational costs. The outsourcing of logistics and other SCM-related operations to 3PL providers allows companies to improve the efficiency of their business by focusing on their core competencies.
Furthermore, the report states that an increase in government regulations in the commercial logistics industry in the US has restricted the growth of the market and led to high operational costs.
- C.H. Robinson
- Deutsche Post DHL
- J B Hunt
- Kuehne + Nagel
- UTi Worldwide
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06:PL market in US
PART 07: Market segmentation by service area
PART 08: Market Attractiveness
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/nbc799/3pl_market_in_the
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SOURCE Research and Markets