An asset$-$based $3$PL is one where:

the $3$PL takes possession of the inventory being used by the customer and transfers ownership to the customer as needed

the customer can place the $3$PL as an asset on its balance sheet

the $3$PL strives to become an "asset" to its customers

the $3$PL manages the logistics assets of its customers

the $3$PL owns or leases the assets $($trucks$,$ warehouses, etc$)$ to provide logistics services to the customer