Third-Party Logistics (3PL) Market Latest Study Focuses On Current, Future Innovations and Foreseen Till 2026 | FedEx, Exel Logistics, Menlo Worldwide Logistics, Ryder Logistics

The report covers a forecast and an analysis of the Third-Party Logistics (3PL) Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume.

Overview of the Global Third-Party Logistics (3PL) Market:

The report spread across 90 pages is an overview of the Global Third-Party Logistics (3PL) Market. These report study based on the Third-Party Logistics (3PL) Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies. Third-Party Logistics (3PL) Market Research Report is a meticulous investigation of current scenario of the market, which covers several market dynamics. The Third-Party Logistics (3PL) Market Research Report is a resource, which provides current as well as upcoming technical and financial details of the industry.

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According to the market report analysis, Third-Party Logistics (3PL) is the function by which a manufacturer outsources activities related to logistics and distribution. Third-Party Logistics (3PL) company can provide specialized services such as inventory management, cross-docking, door-to-door delivery, and packaging of products. The development of logistics infrastructure in Asia and Middle East, the rapid growth of the global e-commerce sector, and the development of new technologies are expected to significantly contribute to the market growth.

Some of the most significant key factors driving the growth of the Global Third-Party Logistics (3PL) Market are increasing outsourcing of major transportation and logistics services, growing e-commerce penetration, increase in demand for shipping cost reduction and focus on timely delivery management, reduction on companies' assets and permitting a focus on core business, and advantage in managing seasonal variations.

Regional analysis, APAC accounted for the maximum revenue share in 2020 and is expected to emerge as the fastest-growing regional market from 2021 to 2026. The growing trans-regional trade corridors and gateways are expected to create a growth opportunity for the 3PL providers. North America held a significant market share in 2020, with the U.S. spearheading the regional market growth. The tight truck capacity across the U.S. has led the shippers to move towards dedicated contract carriage services.

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Major Key Players:

1 Exel Logistics

2 Menlo Worldwide Logistics

3 FedEx

4 Ryder Logistics

5 Tibbett and Britten and More……….

Market Segment by Product Type:

1 Air Transportation

2 Sea Transportation

3 Railway Transportation

4 Highway Transportation

Market Segment by Industry:

1 Material Management

2 Supply Chain Management

3 Distribution Management

4 Shipment Packaging

5 Channel Management

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Global Business News:

FedEx (July 14, 2021) - FedEx Logistics Launches FedEx Trade Solutions Service to Customize Trade Compliance Solutions - FedEx Logistics, a subsidiary of FedEx Corp., today announced the launch of FedEx Trade Solutions, a new team in FedEx Trade Networks Transport & Brokerage, Inc.

FedEx Trade Solutions offers customized trade solutions that enable improved compliance practices-reducing complexity, time, and costs-allowing customers to focus on growing their businesses.

Through FedEx Trade Solutions, customers will receive unique and innovative bundling of services, rather than individual transactions, as well as an enhanced experience with the benefit of knowing all services offered are provided by a single provider, FedEx Logistics.

“Each of our customers has a unique situation,” said Bill Schweitzer, FedEx Trade Networks Transport & Brokerage, Inc. Vice President of Brokerage and Trade Solutions. “There is not a one-size-fits-all approach to global trade and compliance. FedEx Trade Solutions is supported by a dedicated team of professionals who get to know our customers and understand their business.”

It all starts with contacting a FedEx Sales team member. From there, a FedEx Trade Solutions Advisor will hold a consultation with the customer to fully understand their needs. The customer will then be presented with a customized solution that addresses their trade compliance needs.

Table of Contents:

1 Third-party Logistics (3PL) Definition

2 Global Third-party Logistics (3PL) Market Major Player Share and Market Overview

2.1 Global Major Player Third-party Logistics (3PL) Business Revenue

2.2 Global Third-party Logistics (3PL) Market Overview

2.3 COVID-19 Impact on Third-party Logistics (3PL) Industry

3 Major Player Third-party Logistics (3PL) Business Introduction

3.1 Exel Logistics Third-party Logistics (3PL) Business Introduction

3.2 Menlo Worldwide Logistics Third-party Logistics (3PL) Business Introduction

3.3 FedEx Third-party Logistics (3PL) Business Introduction

3.4 Ryder Logistics Third-party Logistics (3PL) Business Introduction

3.5 Tibbett and Britten Third-party Logistics (3PL) Business Introduction

3.6  Third-party Logistics (3PL) Business Introduction

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