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Third-party Logistics Market size is set to grow by USD 532.65 billion from 2023-2027, Growth of E-commerce and the need for integrated shipping services to boost the market growth, Technavio

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NEW YORK, July 15, 2024 /PRNewswire/ — The global third-party logistics market  size is estimated to grow by USD 532.65 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of almost 7.87%  during the forecast period.  Growth of e-commerce and the need for integrated shipping services is driving market growth, with a trend towards emergence of big data analytics. However, high operational cost and competitive pricing  poses a challenge. Key market players include AP Moller Maersk AS, Baltic Logistics Group, BDP International Inc., Burris Logistics Co., C H Robinson Worldwide Inc., CMA CGM SA, DB Schenker, Deutsche Bahn AG, Deutsche Post AG, DSV AS, FedEx Corp., GEODIS SA, Hub Group Inc., J.B. Hunt Transport Services Inc., Kintetsu Group Holdings Co. Ltd., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Sinotrans Ltd., United Parcel Service Inc., and XPO Logistics Inc..

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Forecast period

2023-2027

Base Year

2022

Historic Data

2017 – 2021

Segment Covered

Application (Transportation services, Warehousing and distribution services, and Other services), End-user (Manufacturing, Retail, Consumer goods, Healthcare, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

AP Moller Maersk AS, Baltic Logistics Group, BDP International Inc., Burris Logistics Co., C H Robinson Worldwide Inc., CMA CGM SA, DB Schenker, Deutsche Bahn AG, Deutsche Post AG, DSV AS, FedEx Corp., GEODIS SA, Hub Group Inc., J.B. Hunt Transport Services Inc., Kintetsu Group Holdings Co. Ltd., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Sinotrans Ltd., United Parcel Service Inc., and XPO Logistics Inc.

Key Market Trends Fueling Growth

Logistics companies and shippers are utilizing big data analytics to extract valuable insights from extensive data sets, providing a competitive edge in the third-party logistics market. Big data analytics solutions enable companies to optimize operations, enhance customer experience, and explore new business models. In operational efficiency, real-time processing and predictive techniques improve capacity forecasting and resource control. Customer experience benefits from analyzing consumer sentiment and product quality data. Collaboration with supply chain partners using shared data leads to new services, demand pattern discovery, and enhanced forecasting accuracy. Real-time analytics and end-to-end supply chain visibility enable quick action against potential revenue losses. Big data analytics empowers logistics companies to optimize resources, increase asset uptime, and conduct near-real-time supply planning using IoT data feeds. 

The 3PL market in the logistics sector is experiencing significant growth due to increasing cross-border trade activities. Mergers and acquisitions are common as companies look to expand their reach and reduce costs. Poor infrastructure in some regions drives up logistics costs, leading to the adoption of IT solutions and software. Rising demand for consumer electronics, retailing, healthcare, and food and beverage products fuels growth. Railways, roadways, waterways, airways, and domestic/international transportation management are key areas of focus. Warehousing and distribution are essential elements in the 3PL market, with technological advancements streamlining operations. New trends include omni-channel operations, e-commerce sector growth, and the global shift towards new technologies. Shippers in industries like consumer goods, medical equipment, food, dairy, nutrition, beverage, and confectionery benefit from 3PL services. Despite challenges, the future looks bright for the 3PL market as it continues to adapt and innovate. 

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Market Challenges

In the logistics industry, competition is intensifying due to the growing demand for value-added services and specialized solutions. Customers are pushing for lower prices when renewing contracts, while also requesting additional services. This puts significant pressure on third-party logistics (3PL) providers to reduce their costs. The industry’s capital-intensive nature, requiring large fleets, skilled labor, and advanced technology, increases operational expenses. Controlling these costs is crucial for 3PLs to remain competitive and maintain profitability amidst volatile fuel prices and customer demands.Third-party logistics (3PL) plays a crucial role in the global supply chain, particularly for industries like toy retailing and e-commerce services. Sustainability is a significant challenge, requiring 3PLs to adopt advanced technology and high-tech services for efficient warehouse management and reduced carbon footprint. Adaptability and responsiveness are essential in today’s dynamic business environment, with 3PLs providing multi-user logistics facilities for inbound and outbound logistics, after-sales, and return logistics. Emerging economies and growing populations present new opportunities, but also complexities. Digital transformation and technology adoption are vital for 3PLs to meet the demands of the food & groceries industry and the e-commerce market. Benchmarking, international deliveries, and delivery partners are key considerations for businesses seeking cost-effective and efficient logistics solutions. Challenges include freight-management, shipping services, and last-mile connectivity. Collaborating with ship-owners, cargo agents, and freight forwarders can help mitigate delays and improve delivery time. In-house teams and logistics software are essential for effective freight management, while after-sales and return logistics require a customer-centric approach. Ultimately, the success of a 3PL business model depends on money and effort invested in logistics, freight-management, and digital transformation.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This third-party logistics market report extensively covers market segmentation by

Application 1.1 Transportation services1.2 Warehousing and distribution services1.3 Other servicesEnd-user 2.1 Manufacturing2.2 Retail2.3 Consumer goods2.4 Healthcare2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Transportation services- The transportation services segment in the global Third-Party Logistics (3PL) market provides various modes of shipping goods, including road, rail, air, and sea. Companies often outsource cargo and freight transportation due to the significant investment and expertise required. Contract 3PL providers offer efficient and timely transportation, providing a competitive edge. Services include freight forwarding, project logistics, network planning, cargo insurance, optimization, and customs brokerage. Technological innovations, such as IT systems, data analytics, fleet management, location detection, and autonomous vehicles, enhance flexibility and profitability. Intra-regional trade growth and manufacturing relocation increase demand for freight services, driving market potential. Vendors expand fleets and invest to strengthen capabilities and increase market shares, fueling the transportation services segment’s growth in the 3PL market.

For more information on market segmentation with geographical analysis including forecast (2023-2027) and historic data (2017 – 2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Spare Parts Logistics Market is driven by the increasing need for efficient supply chain management and the growth of the automotive and aerospace industries. The global Chemical Logistics Market is expanding due to rising demand for chemical products and the need for specialized handling and transportation solutions. The global Connected Logistics Market is growing rapidly, fueled by advancements in IoT and AI technologies, which enhance real-time tracking, inventory management, and overall supply chain efficiency, meeting the increasing demand for seamless logistics operations across industries.

Research Analysis

The Third-party Logistics (3PL) market is witnessing significant growth due to the increasing demand for efficient and cost-effective logistics solutions. With the global shift towards e-commerce and omni-channel operations, shippers in various industries such as consumer goods, food and beverage, medical equipment, and toy retailers are turning to 3PL providers for their logistics infrastructure needs. New technologies like digital transformation, benchmarking, and adaptability are driving operational excellence and responsiveness in the market. 3PLs offer shipping services, e-commerce services, and warehousing solutions, making them indispensable partners for businesses looking to streamline their supply chain activities. International deliveries and prompt response to consumer demands are key factors driving the market’s growth. Prominent vendors are investing in new technologies and business models to stay competitive and meet the evolving needs of their clients. Funds are also pouring in to support the digital transformation of the 3PL industry.

Market Research Overview

The Third-Party Logistics (3PL) market is a dynamic and evolving sector that plays a crucial role in the global supply chain. It caters to various industries, including food and beverage, consumer goods, medical equipment, and more. The market is experiencing a significant global shift due to the rise of omni-channel operations and the e-commerce sector. New technologies, such as advanced logistics software and freight-management systems, are transforming operations, making them more adaptable and responsive. Shippers benefit from 3PL services by outsourcing their logistics activities, including inbound and outbound logistics, after-sales, and return logistics. The food and groceries industry, in particular, is seeing a surge in demand for 3PL services due to the e-commerce market’s growth. Emerging economies and populations with increasing purchasing power are driving the demand for 3PL services. Digital transformation and technology adoption are also key trends in the market, with high-tech services becoming increasingly important. The 3PL market encompasses various players, from logistics infrastructure providers to shipping services, freight-forwarders, and cargo agents. Cost reduction, mergers, and acquisitions are prominent in the 3PL market, with trading activities and poor infrastructure leading to higher logistics costs. IT solutions and software are essential for improving efficiency and reducing delays in international deliveries. Last-mile connectivity and cross-border trade activities are also critical areas of focus for 3PL providers. In conclusion, the 3PL market is a vital component of the logistics sector, providing essential services to various industries and sectors, including food and beverage, consumer goods, medical equipment, and e-commerce. The market is undergoing significant changes due to technological advancements, digital transformation, and the rise of e-commerce. 3PL providers must adapt to these changes to remain competitive and meet the evolving needs of their customers.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationTransportation ServicesWarehousing And Distribution ServicesOther ServicesEnd-userManufacturingRetailConsumer GoodsHealthcareOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Portland General Electric declares dividend

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PORTLAND, Ore., July 24, 2026 /PRNewswire/ — The board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.55125 per share.

The company’s dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term.

The quarterly dividend is payable on or before October 15, 2026, to shareholders of record at the close of business on September 25, 2026.

About Portland General Electric Company
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/news.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

Forward-looking statements include statements, other than statements of historical or current fact, regarding the Company’s amount and timing of dividends payable as well as other statements containing words such as “committed to,” “targets,” or similar expressions.

There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; the timing or amount of dividends paid; the timing or outcome of various legal and regulatory actions; changes in the Company’s business strategy; increases in capital expenditures; changes in capital and credit market conditions, including volatility of equity markets as well as changes in PGE’s credit ratings and outlook on such credit ratings restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the United States Securities and Exchange Commission (SEC), including our annual report on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports on Form 10-Q. These reports are available through the EDGAR system free-of-charge on the SEC’s website, www.sec.gov and on the Company’s website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.

Media Contact:
Drew Hanson
Corporate Communications
Phone: 503-464-2067

Investor Contact:
Erin Schwartz
Investor Relations
Phone: 503-464-7751

View original content:https://www.prnewswire.com/news-releases/portland-general-electric-declares-dividend-302834503.html

SOURCE Portland General Company

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Care Career Announces Acquisition of MAS Medical Staffing, Completing Its First Acquisition Phase and Expanding Annual Revenue Beyond $150 Million, with a Path to Exceed a Quarter Billion by the End of 2026 Through Additional Acquisitions and Organic Growth

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WOODBRIDGE, N.J., July 24, 2026 /PRNewswire/ — Care Career, a rapidly growing healthcare workforce technology organization, today announced the acquisition of MAS Medical Staffing, one of the Northeast’s leading healthcare workforce organizations. Financial terms of the transaction were not disclosed.

The acquisition represents Care Career’s seventh strategic acquisition in the past 24 months, further strengthening the company’s position as one of the largest healthcare workforce organizations in the United States while accelerating its strategy to redefine the future of healthcare workforce management through artificial intelligence, enterprise technology, and workforce innovation.

MAS Medical Staffing has built an outstanding reputation for delivering high-quality workforce solutions through strong client relationships, exceptional clinician engagement, and deep regional expertise throughout the Northeastern United States. The acquisition significantly expands Care Career’s geographic footprint while broadening its access to healthcare professionals, client relationships, workforce data, and regional market intelligence.

Care Career is building a technology-enabled workforce ecosystem powered by its AI-powered workforce platform, where every acquisition contributes not only additional market presence, but also expanded data, enhanced artificial intelligence capabilities, digital innovation, and operational scale that continuously improve the experience for clients and clinicians alike. As the platform grows, every clinician engagement, client interaction, credential, placement, and workforce trend strengthens the intelligence of Career’s technology, creating a continuously improving ecosystem designed to deliver faster, smarter, and more effective workforce solutions.

The acquisition also brings MAS Medical Staffing’s MAESTRA® engagement technology, along with its client relationships and clinician network, directly onto Career’s AI-powered workforce platform. MAESTRA’s scheduling, credentialing, and communication capabilities will be integrated into Care Career’s existing technology stack, further enhancing clinician engagement across onboarding, scheduling, and career management while providing healthcare organizations with greater workforce visibility and operational efficiency.

“Our vision is to build the AI-powered infrastructure that modernizes healthcare workforce management,” said Siva Konatham, Group President and Chief Executive Officer of Care Career. “Under my leadership, Care Career is focused on transforming a fragmented, labor-intensive industry into a data-driven, technology-enabled ecosystem that improves speed, efficiency, and workforce visibility for healthcare providers. Each acquisition strengthens our platform intelligence, expands our scale, and enhances our margin potential. By integrating advanced analytics, AI automation, and digital engagement tools, we are not just growing revenue—we are building a smarter, more scalable model positioned to lead the next era of healthcare workforce solutions.”

The combined organization will leverage expanded recruiting resources, centralized credentialing, advanced workforce analytics, AI-enabled automation, and digital engagement technologies—all powered by Care Career’s AI-powered workforce platform—to deliver broader recruiting capabilities, faster response times, enhanced workforce insights, and expanded national coverage. Clinicians will benefit from a seamless digital experience that simplifies every stage of their careers—from job discovery and credentialing to onboarding, scheduling, communication, and long-term career development.

With seven strategic acquisitions completed in less than two years, representing the first round of acquisitions now totaling more than $150 million in annual revenue, Care Career has rapidly expanded its national presence while executing a disciplined growth strategy focused on technology integration, operational excellence, and workforce innovation. The company has also signed additional Letters of Intent with other entities with expected close dates in the third quarter of 2026. Upon completion of these transactions, coupled with organic growth, Care Career expects consolidated annual revenue to exceed a quarter of a billion dollars by the end of 2026.

The addition of MAS Medical Staffing further strengthens the organization’s ability to serve healthcare systems, hospitals, long-term care providers, outpatient facilities, and other healthcare organizations across an increasingly diverse geographic footprint.

“The healthcare workforce industry is entering a new era where technology, artificial intelligence, and data-driven decision-making will define the market leaders,” Konatham added. “Every acquisition we complete expands the intelligence of our AI-powered workforce platform, enhances the value we deliver to our clients, and creates more opportunities for clinicians. We believe the combination of exceptional people, innovative technology, and strategic scale positions Care Career to lead the next generation of healthcare workforce solutions.”

About Care Career

Care Career is a technology-enabled healthcare workforce solutions company dedicated to transforming how healthcare organizations recruit, engage, credential, deploy, and retain clinical talent. Powered by its proprietary AI-powered workforce platform and supported by advanced artificial intelligence, enterprise technology, and workforce analytics, Care Career is building an intelligent healthcare workforce ecosystem that connects providers and clinicians more efficiently while improving workforce performance, operational effectiveness, and patient care. Following seven strategic acquisitions over the past 24 months the first round of acquisitions totaling more than $150 million in annual revenue and with additional signed LOIs under contract expected to complete shortly, positioning the company to surpass a quarter of a billion dollars in consolidated annual revenue by the end of 2026, Care Career has become one of the nation’s largest and fastest-growing healthcare workforce organizations, serving healthcare providers and clinicians across the United States.

About MAS Medical Staffing

MAS Medical Staffing is a premier healthcare workforce organization recognized for exceptional service, strong client partnerships, and a commitment to connecting healthcare professionals with rewarding career opportunities. With an established presence throughout the Northeastern United States, MAS Medical Staffing has earned a reputation for quality, responsiveness, and delivering workforce solutions that help healthcare providers meet their evolving workforce needs while supporting clinicians throughout every stage of their careers.

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SOURCE Care Career

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PointsKash Demonstrates How Businesses Can Build on Bitcoin Without Burdening the Blockchain

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As industry debate surrounding Bitcoin Improvement Proposal (BIP-110) intensifies, PointsKash unveils an architecture designed to work regardless of the proposal’s outcome.

SCOTTSDALE, Ariz., July 24, 2026 /PRNewswire/ — As the global Bitcoin community debates Bitcoin Improvement Proposal 110 (BIP-110) and the future of data stored on the Bitcoin blockchain, PointsKash, Inc. today announced that its next-generation kiosk infrastructure was intentionally designed to operate efficiently under any outcome of the proposal.

Rather than storing operational data directly on the Bitcoin blockchain, PointsKash utilizes a layered architecture that combines Bitcoin‘s unmatched security with modern decentralized communications technology. Every transaction, machine event, system update, and operational record generated across the PointsKash network is cryptographically verified, securely maintained off-chain, and anchored to the Bitcoin blockchain through a single immutable cryptographic proof.

This approach allows thousands of operational events to be permanently verified while utilizing only a minimal amount of blockchain data.

As discussion surrounding BIP-110 has intensified across the digital asset industry, PointsKash believes the debate does not require choosing between innovation and responsible blockchain stewardship.

“The industry has been debating whether businesses can build meaningful applications on Bitcoin without unnecessarily consuming blockchain space,” said Michael Herron, Chief Executive Officer of PointsKash. “We believe we’ve demonstrated that the answer is yes. Bitcoin provides the world’s most trusted immutable timestamp and security layer, while higher-volume operational data belongs on technologies specifically designed to manage it. By combining both, we’ve built an architecture that is scalable, transparent, and future-ready regardless of how the BIP-110 discussion ultimately evolves.”

The company’s infrastructure assigns every kiosk its own unique cryptographic identity, allowing each machine to securely authenticate every transaction and operational event. Those records are then independently verifiable through cryptographic proofs while remaining resistant to alteration or manipulation—even by PointsKash itself.

According to the company, this architecture delivers several significant advantages:

Mathematically verifiable transaction records for regulators, banking partners, auditors, and enterprise customers.Improved network reliability, allowing kiosks to continue operating during temporary connectivity interruptions without losing transaction history.Enhanced cybersecurity, with every machine maintaining its own authenticated identity and secure communications.A scalable blockchain architecture that minimizes on-chain data while preserving complete auditability.

Bitcoin was created to provide trust, security, and permanence—not to become a storage system for every piece of application data,” Herron added. “Our philosophy has always been simple: use Bitcoin for what it does better than anyone else—creating immutable proof that records have never been altered—and leverage modern decentralized technologies for everything else. We believe that’s the future of enterprise blockchain infrastructure.”

PointsKash believes this architecture positions the company among a new generation of fintech innovators utilizing Bitcoin as a secure trust layer while developing scalable financial applications for enterprise deployment.

The technology also establishes the foundation for future blockchain-based financial products currently under development, including enhanced digital audit capabilities, verifiable financial records, enterprise licensing opportunities, and next-generation digital asset infrastructure.

As the Bitcoin ecosystem continues to mature, PointsKash believes its technology demonstrates that responsible innovation and blockchain scalability can successfully coexist—providing enterprise organizations with the confidence to build on Bitcoin without contributing unnecessary data to the network.

About PointsKash, Inc.

PointsKash, Inc. is a financial technology company developing an integrated ecosystem of AI-enabled self-service financial centers, digital banking, digital payment solutions, cryptocurrency services, loyalty rewards, enterprise merchant technologies, and mobile financial applications. Through proprietary software, Artificial Intelligence, and strategic partnerships, PointsKash is building innovative financial solutions designed to empower consumers, merchants, and enterprise organizations throughout North America.

For more information, visit www.pointskash.com.

Media Contact

PointsKash, Inc.
Investor Relations
info@pointskash.com
www.pointskash.com

Forward-Looking Statements

This press release contains forward-looking statements regarding anticipated technology integrations, Artificial Intelligence initiatives, product development, future commercialization plans, expected operational efficiencies, business strategy, and future growth. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect actual results include, but are not limited to, technology development timelines, integration efforts, financing, regulatory developments, market conditions, and other risks facing the Company. PointsKash undertakes no obligation to update any forward-looking statements except as required by applicable law.

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SOURCE PointsKash Inc.

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