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Top 20 Warehouses of 2020 2020 Warehouse/DC Operations Survey: Covid-19 pandemic hits, operations respond MHI announces two new board appointments Equipment Leasing and Finance Industry confidence improves in August Interroll’s Second Plant in Atlanta Starts Operation More Warehouses News Industry 4.0: Real Cases of Productivity, Efficiency and Profits Wednesday, December 16, 2020 | 2pm ET All Resources Buoyed by a surge in e-commerce orders, the push to close final-mile distribution gaps, and the need to outsource non-core tasks to trusted partners, the valued-added warehousing and distribution segment fared well in 2020 in spite of the larger issues that unfolded domestically and internationally during the year. According to Armstrong & Associates, a third-party logistics (3PL) consultancy and research firm, total commercial warehousing revenue will total about $79.4 billion this year, including both contract and public services. Value-added warehousing (third-party logistics) will end at about $46.9 billion for 2020 (down slightly from $47.2 billion in 2019). The shining star on the block right now is e-commerce, which posted double-digit percentage increases month-over-month throughout most of the year. In 2020, the 3PLs serving that market posted $53.3 billion in gross revenues—a number that’s been increasing at a compound annual growth rate (CAGR) of 28% since 2017. “That’s much higher than overall 3PL sector growth, and it’s where a lot of the activity is taking place right now,” says Evan Armstrong, president of Armstrong & Associates. Armstrong compiles an annual list of the top North American warehousing companies. Each company has either provided square footage information or enough public information for Armstrong & Associates to make a reasonable estimate of size. “Overall, the warehouse providers that are handling e-commerce shipments for customers have been faring pretty well,” he continues, noting that companies from Armstrong’s Top 20 list that fall into that category include […]