Transportation Intermediaries Association (TIA) announced today the release of the TIA 3PL Market Report for the Third Quarter of 2021. The results show that participants’ total shipments increased compared to Q3 2020 and gross margin percentage increased 130 basis points.
“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 President & 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,” Reinke said.
Combined total shipments of increased 11 percent. Participating companies also reported increases of 36% in revenue and 23% improvement in gross margin. The report represents 1.7 million shipments and over $4 billion in total revenue for Q3 2021: