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Feb.09, 2015

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Page 38 of 103 THE JOURNAL OF COMMERCE 39 JOC GUIDE TO 3PLS SPECIAL REPORT THIRD-PARTY LOGISTICS IS a key element of a U.S. economy that is the primary bright spot in the long tunnel of the global economic recovery. In particular, the truck-related components of domes- tic third-party logistics have prospered during the current economic expansion. The driver shortage has created an uneven seller's market in trucking, increasing shipper willingness to buy dedicated contract carriage. DCC has the advantage of guaranteeing capacity. The leading dedicated contract car- riers increased their number of trucks 6.8 percent in 2014 from 2013. Current hours-of-ser vice requirements have lowered productivity by 3.4 percent, increasing the capacity crunch. J.B. Hunt Transport Services is expected to have increased DCC revenue by 12 percent for 2014. Other major truckload carriers are expected to report similar positive results in DCC. We estimate DCC net revenue grew to $12.5 billion in 2014. 3PL BRIGHT SPOTS 2014's domestic growth sets the stage for bigger 3PLgains By Richard Armstrong

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