TIA Q3 performance measures for 3PL industry
THE Transportation Intermediaries Association (TIA) released the TIA 3PL Market Report for the third quarter of 2021, with total shipments increasing compared to Q3 2020 and gross margin percentage increased 130 basis points, reports the American Journal of Transportation.
Combined total shipments increased 11 per cent. Participating companies reported increases of 36 per cent in revenue and 23 per cent improvement in gross margin.
“While our Third Quarter Market Report shows that the overall volumes continue to grow, the growth is less elevated than in previous quarters,” said TIA CEO Anne Reinke.
“Still, capacity is very constrained, and our members have never shown their value more and have never been more necessary to help make freight move fluidly.” said Ms Reinke.