3rd Party Logistics Continued Strong Growth in 1999.Business Editors/High Tech Writers STOUGHTON, Wis.--(BUSINESS WIRE)--Jan. 6, 2000 Third party contract logistics services grew 16.5% in 1999. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Armstrong & Associates, Inc., internationally recognized experts on the contract logistics industry, domestic transportation management and dedicated contract carriage grew 18%. Warehouse based integrated services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. grew 16%. Non-asset based international transportation management grew 11%, as Asian economic difficulties slackened. Growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. met Armstrong & Associates predictions and were similar to 1998. "The warehouse based integrated services segment showed improvement over 1998," according to Richard Armstrong Richard Armstrong can refer to one of the following:
Armstrong estimates that total revenues for U.S. based 3PL's were $46 billion in 1999. Overall, net profitability was 5%. Net 3PL revenues were $25 billion. Armstrong expects overall growth to continue in the 15-20% range for 3-4 more years. "There are still significant opportunities with companies of all sizes. Many Fortune 500 companies have not outsourced transportation, warehouse and inventory management functions that are not parts of their core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
Armstrong's estimates are based on an in-depth analysis of 38 industry leaders who account for more than one-half of U.S. revenues. The information is gathered for publication of "Who's Who Who’s Who biographical dictionary of notable living people. [Am. Hist.: Hart, 922] See : Fame In Logistics? Armstrong's Guide to Third Party Logistics Services Providers." About Armstrong & Associates: Armstrong & Associates is a logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a specializing in outsourcing projects. Armstrong & Associates also publishes "Who's Who in Logistics Software? Armstrong's Guide to Supply Chain Management Systems" and will release the first edition of "Who's Who in e-Commerce Fulfillment?" in January. For more information, contact: Richard Armstrong (800) 525-3915 or e-mail Dick3PLogistics.com. SOURCE: DigitalWork ( http://www.digitalwork.com ) DigitalWork.com -- Your Business Workshop |
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