Dublin, April 30, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/ggnw9b/3pl_market_in_the) has announced the addition of the "3PL Market in the US 2015-2019" report to their offering.
The 3PL market in US to grow at a CAGR of 5.37% over the period 2014-2019
3PL is a business process through which companies outsource their logistics and distribution functions to a service provider that specializes in handling logistics such as transportation, warehousing, and freight and forwarding. A service provider that provides these services is called a 3PL provider. 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. They also provide strategic and operational value to many shippers worldwide. 3PL uses new and innovative SCM to enhance efficiency.
The number of M&A in the market has been increasing in recent years. Vendors in this market are opting for the M&A strategy to increase their global presence and expand their product and service portfolios, as well as to achieve economies of scale in various SCM processes. It also enables companies to deliver services faster and more efficiently at all points along the SCM.
According to the report, one of the factors contributing to the growth of the market is the cost reduction achieved through the utilization of 3PL services. By outsourcing logistics operations to 3PL providers, companies can improve the efficiency of their business by focusing on their core competencies.
Further, the report states that the implementation of government regulations in the commercial logistics industry is restricting the growth of the market.
Key vendors
- CH Robinson Worldwide
- Deutsche Post
- Expeditors International of Washington
- J.B. Hunt Transport
- Kuehne + Nagel International
- United Parcel Service
- UTi Worldwide
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- US: Economic Outlook
- 3PL Market in US
- Asset- and Non-asset-based Service Providers
- Market Segmentation by Service Area
- Market Attractiveness
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Analysis of M&A in Global 3PL Market
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/ggnw9b/3pl_market_in_the