Alexandria, VA.– Transportation Intermediaries Association (TIA) has released the1st Quarter 2014: TIA 3PL Market Report and the results show that TIA members’ revenue increased.
Despite the difficult environment of Q1 2014 all three primary modes had double digit revenue growth. Within the three modes; intermodal was the only mode that saw an increase in shipment volume, invoice amount per load and total revenues. However, LTL experienced the largest increase in total shipments. All modes experienced a margin percentage decline. With a focus on a Six Rolling Quarters comparison, from Q4 2013 to Q1 2014, LTL volume achieved a six quarter high in Q1 2014. Truckload volume decreased modestly and LTL invoice amount per load decreased as well, the association said.
The report is comprised of data drawn from three categories of members based on revenue; the report represented nearly 1.38 million shipments and $2.56 billion in total revenue for Q1 2014.
The TIA 3PL Market Report separates performance by the core services each 3PL offers. Nearly 98% of all revenue was derived from over-the-road truckload (TL), rail intermodal (IM) and Less-than-Truckload (LTL). Below is a summary of performance for the 3 primary modes comparing Q1 2014 vs Q1 2013.
“3PLs continued to grow, expand, and change their businesses,” said TIA President & CEO Robert Voltmann. “This is TIA’s 20th quarterly report on the 3PL industry. The report indicates that 3PLs continue to expand their services. The percent of 3PLs offering intermodal and LTL continues to increase each quarter and 100% of all 3PLs report activity in TL.” Voltmann said.