In a recent post (Putting 3PLs and Software Vendors in a Box), I said that the answer to “What is a third-party logistics provider (3PL)?” doesn’t fit so neatly in a box anymore, as the business models of service providers, consultants, and software vendors continue to converge. enVista is a good example of this convergence in action. The company announced last week that its Transportation Solutions practice (which includes managed transportation services) achieved over 30 percent year-over-year growth in the first quarter of 2014. Here’s a quote from enVista President and CEO Jim Barnes:
“We credit the success of our Transportation Solutions practice to strong market acceptance of and demand for enVista’s core transportation service offerings, which include: freight invoice audit and bill payment, transportation assessments, analytics, and modeling. Because of this growth, we invested over $250,000 in a massive hardware refresh of our proprietary Transportation Spend Management solution, myShipINFO®, which offers multi-lingual, multi-currency, VAT considerations, and a robust, real-time rating engine to ensure carrier compliance. In addition, we look forward to introducing new dashboard technologies in the months to come.”
As I’ve said many times before, a successful 3PL today is an operations manager, a consultant, and a technology provider all rolled into one. For related commentary, see 3PLs, What Business are You In? and Is Your Business Model Safe?