Transportation Intermediaries Association (TIA) has released the Third Quarter 2015 TIA Benchmarking Report and the results show that TIA members’ truckload volume experienced double digit growth for the third straight quarter.
In a comparison to the second quarter of 2015, total shipments increased 4.3% overall. Gross profit margin percent increased for TL and LTL by 40 and 30 basis points, respectively, intermodal dropped 20 basis points. Fuel continued its steady decline between the quarters, dropping 7%, or 19 cents per gallon.
The report is comprises data drawn from three categories of members based on revenue; the report represents over 1.3 million shipments and over $2.5 billion in total revenue for Q3 2015.
The report contains rolling eight quarter trends, fuel price comparisons, and provides for any 3PL to see how the overall industry is performing as well as the ability to compare their business to companies within their peer group based on size.
The publication is based on a monthly survey of TIA members who submit current operating data, and answer questions on business conditions affecting the 3PL industry.