The merger and acquisition frenzy of 2015 may have abated a bit over the past few months, but the trend for larger third-party logistics providers (3PLs) to consolidate could be played out for some time, contend leading industry analysts.
Since early 2014, there have been 10 major acquisitions by 3PLs totaling $18 billion due to the need to expand the array of services and extend their geographic footprints in order to drive scale. In the wake of this activity, there are over 30 domestic 3PLs that have revenue exceeding $1 billion.
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