Third Party Logistics Companies (3PLs) Continue to Hope...

I read in Logistics Magazine today that Armstrong is still holding out for growth in the 3PL business this year. I do not understand how that can be since the size of the pie is continuing to shrink. Their customers are getting smaller. There is no way to avoid that. 

"I think you will find 3PL revenue has to drop just as a matter of mathematics. The companies they are servicing are seeing a large drop in sales. This translates into far less product being shipped (inbound to manufacturing and outbound to trade). This also translates into a lot less warehouse space needed. I have been looking for warehouses in various cities and I can tell you that many companies are coming to me asking me to take over their warehouse as they no longer need the room. My opinion is this is a "fundamental reset" in the size of the pie. It is getting smaller, will continue to get smaller and the 3PLs need to readjust their model to support this."