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Global 3PL market revenues fall in 2023, with future growth on the horizon, Armstrong report notes

Global 3PL market revenues fall in 2023, with future growth on the horizon, Armstrong report notes
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Republic ofRed seaDjibouti generalBevan armstrongFederal reserveArmstrong associatesInternational transportation managementArmstrong associates incRegional logistics costsThird party logistics market trends includingSegment focusTechnological vertical industry customer growthDedicated contract carriageDomestic transportation managementTransportation managementAdded warehousing

Last-mile business, while down from the pandemic peak, sees slow but steady growth ahead

Providers adapt as shippers look to balance the pandemic-driven “get it there now” mentality with a sharper focus on costs and service alternatives.

United statesDave tuJohn hillYarelis bonillaSatish jindelJeff abesonNational home delivery associationUs census bureauPilot freight servicesArmstrong associatesBlack fridayBill lecosNational home deliveryHome depotRestoration hardwareNothing bundt cakes

Top 20 Warehouses 2023: Demand soars, mergers slow

Top 20 Warehouses 2023: Demand soars, mergers slow
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United statesKohlberg kravis robertsAdamt thocherBevan armstrongInternational association of refrigerated warehousesRyder supply chain solutions noArmstrong associates incWarehousing companiesSaddle creek logistics servicesNewcold holdingsGlobal cold chain allianceArmstrong associatesNorth americanAmerican warehousingAmerican refrigeratedInternational association

Looking at the initial takeaways of the White House Council on Supply Chain Resilience

Looking at the initial takeaways of the White House Council on Supply Chain Resilience
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United statesWhite houseDistrict of columbiaThomas cullenDick armstrongSimon gealeJoe bidenLos angelesArmstrong associatesChain centerWhite house council on supply chain resilienceDepartment of transport multimodal freight officeNational defense industrial strategyDepartment of commerceMultimodal freight officeWhite house council

A new outlook that s a lot like the old outlook

Growth in the freight and logistics markets stalled in 2023 owing to overstocking, weak demand, and excess capacity. Expect more of the same in 2024.

North carolinaUnited statesNew jerseyNew yorkMac pinkertonVincent clercMike bozzaMarty freemanJeff bezosBevan armstrongArmstrong associatesImpact fulfillment servicesUs department of commerceMckinsey coChain pulseRk logistics group