Third-Party Logistics Industry Report

According to a report highlighted by GlobeNewswire, the global Third-Party Logistics (3PL) market is set to experience significant growth from 2023 to 2030. Projected to increase from $1.1 trillion to $1.9 trillion, with an 8.5% compound annual growth rate (CAGR), this expansion is driven by the integration of business intelligence (BI) systems, AI, and big data. These technologies are revolutionizing logistics management and are increasingly adopted as e-commerce continues to thrive, enhancing supply chain efficiency and decision-making.

The report underscores the growing importance of multi-modal transportation as companies optimize their supply chains through diverse transport modes. The U.S. market is forecasted to reach $254.7 billion, while China is expected to grow at a faster rate. Overall, 3PL providers are becoming critical partners for industries like retail and manufacturing, improving supply chain resilience and flexibility with data-driven logistics solutions.

For more information please visit GlobeNewswire.