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.
Will Operate Manufacture’s Primary Parts Distribution Center
XPO Logistics, Inc., a leading global provider of transportation and logistics solutions, has been awarded a supply chain contract by global power leader Cummins Inc. to support its customers worldwide. XPO Logistics will operate Cummins’ primary parts distribution center starting this month, managing approximately 800 workers and over 2,700 orders shipped daily. The one-million square… Read More
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