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.
U.S. East Coast Dockworkers’ Strike – Key Insights for Container Traders and Leasing Companies
At 12:01 a.m. on October 01, 2024, the International Longshoremen’s Association initiated a strike that has led to the closure… Read More
Supply Chain Resiliency and Strengthening Supply Chains
Fortifying Supply Chains: How to Navigate Today’s High-Risk Global Trade Landscape Efforts to make supply chains stronger are as old… Read More
Ningbo Port Closure Triggers Global Supply Chain Disruptions
The global trade landscape has always been delicate, with recent incidents like the Red Sea crisis and the Baltimore bridge… Read More
TT Club Stresses Ongoing Efforts to Prevent Container Losses at Sea
Container losses at sea remain a persistent challenge, often exacerbated by severe weather conditions. TT Club, a leading international freight… Read More
It’s a Carrier’s Market Amidst all the Disorder
Two new attacks targeting ships by Yemen’s Houthi rebels on July 15th sparked a new round of hostilities that are… Read More
RXO and Shiplify Partner to Enhance Transparency and Efficiency for LTL Shippers
Shiplify, a leading accessorial revenue identifier for carriers, shippers, and third-party logistics (3PL) providers, has announced a strategic partnership with… Read More
Port of Long Beach Secures $300 Million for Major Green Infrastructure Projects
The Port of Long Beach has been awarded $283 million from the federal government to support the development of ‘America’s… Read More
Safeguarding Supply Chains: Navigating the Surge in Fraud and Cargo Theft
This year, we continue to see an uptick in fraud and theft in the Supply Chain industry. This has been… Read More
MARAD Seeks Proposals for First U.S. Center for Maritime Innovation
The Maritime Administration (MARAD) has announced a request for proposals (RFP) to establish the United States Center for Maritime Innovation…. Read More
The Future Of Delivery Management
Customers today expect nothing less than seamless and accurate delivery services. Hence, businesses are continuously seeking ways to enhance their delivery… Read More
Ocean Freight Container Rates Soar Amid Global Supply Chain Disruptions
Ocean freight container shipping spot rates are set to surpass levels seen during the peak of the Red Sea crisis,… Read More
Airlink Highlights Critical Role of Logistics in Meeting Humanitarian Needs
Air carriers and logistics specialists are increasingly vital in addressing the rising demand for humanitarian emergency response, according to Airlink,… Read More
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