The Official Blog of Penske Transportation Solutions

Customers’ demand for convenience, complex shipping operations and the need for shippers to manage their transportation spend have increased the number of shippers seeking out third-party logistics providers’ expertise, and the 3PL industry is expected to grow.

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In 2014, the supply chain industry experienced one of its strongest years in recent history. The transportation sector grew by 3.6 percent due to stronger shipment volumes and consumers, which had been the element missing from the country’s financial recovery, began to drive the economy once again as confidence increased.

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Increased transportation costs and tightened trucking capacity are generating more opportunities for third-party logistics companies and intermodal freight transportation.

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With the supply chain serving as an important forecasting tool to gauge the health of the U.S. economy, the 23rd Annual State of Logistics Report®, introduced by the Council of Supply Chain Management Professionals (CSCMP) and presented by Penske Logistics, will make its debut on June 13 at the National Press Club in Washington, D.C.

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