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.
ODW Logistics to Showcase Innovative Retail Consolidation Solutions at Shoptalk 2024 in Las Vegas
ODW Logistics Helps Retailers Save Over 30% On Transportation Expenses And Contribute To A Greener Environment ODW Logistics, a rapidly… Read More
Understanding Intermodal and Truckload Spot Market Pricing
There is so much that goes into today’s freight rates. In addition to all the variables, there are contract and… Read More
American Fast Freight Acquires Forwarder Global Transportation Services
American Fast Freight, Inc. (AFF), the largest U.S. domestic ocean freight forwarder specializing in less-than-container-load freight shipments, has acquired Global… Read More
Global 3PL Market Expected to Reach $1.1 Trillion by 2022
According to new research published by Allied Market Research, the global third-party logistics market is expected to reach $1.11 trillion,… Read More
WSS Launches New Canal Transit Service
Wilhelmsen Ships Service (WSS) has launched a new canal transit solution designed to ensure that its customers’ vessels pass through… Read More
UPS Expands European Field Stocking Locations to Support Medical Device Industry
UPS has expanded its medical device field stocking locations (FSLs) in Europe, to reduce delivery time and increase inventory visibility…. Read More
Pharmaceutical Cold Chain Monitoring App Adds Support For Android Devices
Onset, a supplier of data loggers and monitoring solutions, announced that the free InTemp mobile app for the company’s InTemp… Read More
Greenland Telescope Heading To Its Final Destination
Warehouse Distribution Services (WDS) celebrates a state-of-the-art telescope’s send off to the heart of the Arctic Circle. The Greenland Telescope… Read More
Adjusting to Lighter Shipments, Higher Frequencies
Rapidly evolving consumer trends are forcing a reshaping of inventory management operations. Physical stores are being incrementally supplemented by online… Read More
U.S. Logistics Costs Decelerated in 2015
U.S. business logistics costs rose to $1.48 trillion in 2015, a 2.6 percent increase from previous year. This which represents… Read More
Global Logistics Company Announces Consolidation Program in Houston
TOC Logistics International (TOC), a globally networked logistics leader based in Indianapolis, announced today the launch of a major consolidation… Read More
Wainwright Industries Expanding Logistics Footprint in Charleston
Wainwright Industries/TVS Supply Chain Solutions South Carolina announced plans last week for a second Charleston location to serve growing third-party… Read More
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