Total billings by third-party logistics companies in the second quarter of 2009 increased about 7 percent over the first three months of the year, according to the quarterly market report compiled by the Transportation Intermediaries Association. Average volume was also up slightly for the same period. These modest increases are an "encouraging sign" of improving economic activity," says TIA.
Most firms responding to the TIA survey were generally more positive in Q2. Sixty percent of those who expressed an opinion about future business said they expect more sales from core customers in the near future. Some saw problems on the horizon, however, saying that equipment shortages could develop over the next 90 days. While most concerns are around refrigerated equipment (46 percent predicting a possible shortage), 20 percent to 30 percent of respondents see a possibility of equipment shortages for flatbed, van and container equipment.
The 3PL market report is based on a monthly survey of TIA members who submit real operating data and answer questions on business conditions affecting the 3PL industry. TIA looks to publish this research data as a for-fee subscription, but the publication is currently free.
