Inbound Logistics | July 2024

ABOUT THE 3PL RESPONDENTS Asset-Based or Non-Asset Based

Asset- based 8 % Asset-Based or Non-Asset Based ABOUT THE 3PL RESPONDENTS Asset-Based or Non-Asset Based ABOUT THE 3PL RESPONDENTS

TECHN Cutting tra TECHN Cutting tr Business Business Improving Improving Supply ch Supply ch Managing Managing Reducing Reducing Finding, tr Finding, t Expanding Expanding Vendor m Vendor m Technolog Technolog Risk mana Risk mana Ecommer Ecommer Expanding Expanding Corporate 9 % DC netwo 6 % Reducing 6 % Regulatio 5 % Corporate 9 % DC netwo 6 % Reducing 6 % Regulatio 5 %

Both Both

Both 58 %

58 % 58 %

Non- asset 34 % 8 % Asset-based Asset-based Non-asset Non-asset

34 % 34 %

8 %

Geographic Coverage

2024 INBOUND LOGISTICS PERSPECTIVES 3PL MARKET RESEARCH REPORT BY MERRILL DOUGLAS Third-party logistics (3PL) providers are adapting to tougher-than-usual times these days. The industry has seen revenues fall, and demand for 3PL services isn’t growing at the pace we’ve seen in recent years. Also unfolding: Challenges such as ination, high taxes, and government regulation increase costs for 3PLs. Those are some of the insights that uncoil from the 2024 Inbound Logistics 3PL Perspectives report. This year, in our 19th annual report, we’ve analyzed data received from both 3PLs and shippers to learn about the services 3PLs offer today, understand what shippers look for in a 3PL, and explore the challenges that these partners face together. Once you’ve read the report, please hop over to the Top 100 3PLs for 2024 (page 90) to learn more about leading service partners and the value they continue to provide to the shippers that rely on them to scale their supply chains. LOGISTICS

Geographic Coverage North America Geographic Coverage North America

50 % 50 %

Global Global

28 % 28 %

U.S. Only U.S. Only

22 % 22 %

Markets Served Transportation Markets Served Transportation

Markets Served

92 % 92 %

Retail Retail

87 % 87 % 87 % 87 %

Manufacturing (all kinds) Manufacturing (all kinds)

Wholesale Wholesale Ecommerce Ecommerce

76 % 76 %

69 % 69 %

Services/Government Services/Government

57 % 57 %

2023 Revenue 3PLs in the survey report more than $194 BILLION

in gross sales in 2023. Several did not report revenue, so the amount is likely higher. Although this revenue figure is higher than in 2023, we also received responses from more 3PLs this year than last. The data strongly suggests that total revenues have fallen.

80 Inbound Logistics • July 2024