As we began the first quarter of the new year, the market was softening and offering shippers relief. Heading into Q2, we are seeing more of the same. Economic Factors Inflation The U.S. inflation rate is sitting at 6% as of February 2023. It has been steadily declining since the peak of 9.1% we […]
Read MoreAuthor: Bethany Cramer
Automotive Products: Choosing the Right 3PL for Retail Deliveries
Did you know…? The automotive products industry is estimated to reach a global value of $374 Billion in 2023. The automotive products industry includes items like car batteries, cleaners and polishes, motor oils and coolants, car accessories, and replacement car parts. There are more than 24,111 automotive retail stores in the U.S.. Top automotive product retailers by revenue include […]
Read MoreFurniture Manufacturers: Choosing the Right 3PL for Retail Deliveries
Did you know…? The furniture industry is estimated to reach a global value of $729.7 Billion in 2023. The furniture market includes movable commodities like couches, chairs, tables, beds and bed frames, dressers, etc. Unmovable item such as sinks and faucets are excluded as well as tableware, cutlery, and other small household objects. Top […]
Read MoreSporting Goods Brands: Choosing the Right 3PL For Retail Deliveries
Did you know…? The most recent valuation of the sports equipment & apparel market totaled to $340.6 Billion. This industry includes sports equipment, apparel, and shoes. It’s then segmented into categories including bike, outdoor, tennis, other racket sports, running, fitness, football/soccer, other team sports, winter sports, watersports, and others. Top manufacturers of sporting goods […]
Read MoreToys & Games Brands: Choosing the Right 3PL For Retail Deliveries
Did you know…? In 2022, the global toys & games industry reached a value of $109.3 Billion. This industry includes segments such as dolls, toy cars, plush toys, construction sets, and board games. Top manufacturers of toys & games by revenue include Hasbro, The Lego Group, LeapFrog Enterprises, MGA Entertainment, and Vivid Imaginations. As […]
Read MoreHealthcare Brands: Choosing the Right 3PL for Retail Deliveries
Did you know…? In 2023, the global healthcare market is projected to be worth almost $60.72 Billion U.S. dollars. The healthcare market includes segments such as digestives & intestinal remedies, analgesics, hand sanitizer, skin treatment, cold & cough remedies, incontinence (bladder control products), and vitamins & minerals. Key retailers in the healthcare industry include […]
Read MoreFootwear Brands: Choosing the Right 3PL for Retail Deliveries
Did you know…? In 2023, the global footwear market is projected to be worth almost $445 Billion U.S. dollars. The largest shoe brand in the U.S. is Nike, with an annual revenue of $44.5 Billion. The average American owns 20 pairs of shoes, with men owning an average of 12 pairs and women owning […]
Read MoreHigh Value Loads (HVL): Choosing the Right 3PL for Retail Deliveries
Are you an HVL shipper? High value load (HVL) shippers usually include manufacturers of electronics, healthcare products, high end apparel, or other luxury goods. As a rule of thumb, a truckload valued at $100,000 or higher is usually considered HVL. The Cost of Poor Logistics Performance High value products obviously cost top dollar to […]
Read MoreBeauty Brands: Choosing the Right 3PL for Retail Deliveries
Did you know…? The beauty industry is projected to generate $571.1 billion in revenue worldwide in 2023. L’Oréal, Unilever, and Estée Lauder are the top beauty brands by sales. Skincare is the dominant segment of the beauty industry with 42% of the market share. With constant product launches following the COVID-19 pandemic, leading companies […]
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Sustainable Logistics: A Differentiator for CPG Brands in 2023
It’s no secret that many consumers now consider the sustainability of a product before purchasing, much like they consider price or quality. In fact, a recent study suggests that more than a third of global consumers are willing to pay more for sustainable products as demand grows for environmentally friendly alternatives. When you think of sustainability, […]
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President Andrew Lynch On What We Must Do To Create Nationally Secure And Resilient Supply Chains
This article was originally published by David Leichner of Authority Magazine. The cascading logistical problems caused by the pandemic and the war in Eastern Europe have made securing a reliable supply chain a national imperative. In addition, severe cyberattacks – like the highly publicized Colonial pipeline attack – have brought supply chain cybersecurity into […]
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2023 Q1 Freight Market Update
What a whirlwind the 2022 Freight Market was – we saw inflation, fuel prices, and freight rates hit record highs. As we begin the first quarter of the new year, the market is softening and offering shippers relief. Economic Factors Inflation According to Forbes, many inflated costs finally began declining in November 2022 like […]
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