3PLs Enjoy Solid 4Q Revenues
Third-party logistics firms saw total shipments rise in the fourth quarter of 2017, sending revenue and invoice amount-per shipment values jumping, but not enough to improve profits, according to the 3PL Market Report from the Transportation Intermediaries Association.
There were 1.4 million shipments in the quarter, up 7.8% from the fourth quarter of 2016, while revenue increased 17% to $2.8 billion, and the invoice amount-per-shipment rose 8.5% to $1,951. Profit margins fell 100 basis points to 14.6% from 15.6% a year ago.
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