The marketplace for third-party logistics is arguably the largest market in the world. Any physical good that comes into or goes out of the United States requires extensive logistics planning and management and must be cleared by U.S. Customs. Because of the complexities of these processes, most businesses choose to hire a 3PL provider to manage the transportation, clearance, warehousing, and distribution of their shipments.
Market Statistics
In 2006, imports to the United States exceeded $2.2 trillion (a 10.5% increase over 2005) and exports exceeded $1.4 trillion (an increase of 12.8%). Each of these goods required a number of shipping and warehousing services and must receive US Customs clearance this is where Go Global takes over.
In 2006, the total revenue for the 3PL industry was $110.6 billion, representing a total industry growth rate of 11.9%. Datamonitor projects that by 2010, the total 3PL market will exceed $140 billion.
Global trade management is also part of the focus at Go Global Logistics. In 2005, the global trade management segment expanded to $222 million, and is expected to swell to $405 million by 2010, a cumulative...
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