Explore the latest industry news about third party logistics (3pls). Stay informed with trade articles by Global Trade industry experts.
A third party logistics (or 3PL) provider handles supply chain management logistics, a service that can include transportation, warehousing and delivery, but may also incorporate additional value-added services such as production or procurement. By outsourcing these functions, companies can achieve a cost savings over having to meet these demands internally. In addition to the economic benefits, 3pls can also deliver improved technical proficiency, through sophisticated IT systems that are often more advanced than those of the production or selling companies they serve. Since logistics is not a core business for many entities involved in global trade, the ability to turn these responsibilities over to a qualified 3pl provider allows companies to spend less time focusing on these tasks, and more time on the elements that made their respective businesses a success.
Hundreds of New Commodities Accepted Between 36 Countries in North America, Europe, and Asia
UPS has expanded its global dangerous goods shipping program by adding more than 400 new commodities that can be accepted in its global air network and more than 300 products across its ground network in Europe. The company also increased the allowable quantity of select dangerous goods accepted for shipment. There is a growing demand… Read More
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