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.

US Consumer Spending Trends Reshaping Container Shipping Dynamics

Recent estimates from Sea-Intelligence reveal a notable trend in US consumer spending dynamics, indicating a continued increase in expenditure despite… Read More

Kuehne + Nagel Expands its Position in Perishables Logistics

Haylle Sok 1:08 AM  7/22/2017

With the acquisition of CFI, Commodity Forwarders Inc., an airfreight forwarder of perishables products in the United States, and Trillvane… Read More

Yusen Opens Center in Myanmar to Expand Contract Logistics Service

Haylle Sok 1:53 AM  7/21/2017

On July 12, Yusen Logistics held an opening ceremony for Thilawa Logistics Center in the Thilawa Special Economic Zone (SEZ)… Read More

FedEx Unit TNT Still Impacted By Cyber Attack

Peter Buxbaum 3:05 AM  7/20/2017

TNT Express customers are still experiencing widespread service and invoicing delays, and manual processes are being used to facilitate a… Read More

Transportation Contract Versus Spot Pricing: Which Wins?

Rick LaGore 12:04 AM  7/17/2017

A recent RFP assignment once again brought to focus the topic of spot rates versus contract rates and what it… Read More

Prysmian Group Selects Transplace for Managed Transportation Services

Haylle Sok 2:07 AM  7/10/2017

Prysmian Group has selected Transplace, a provider of transportation management services and logistics technology solutions, to manage all transportation activities… Read More

Tips & Tricks for Intermodal Success

Rick LaGore 12:40 AM  7/10/2017

For those sitting on the intermodal sidelines, there is no better time than the present to bring intermodal into your… Read More

3PLs: Opportunities and Threats

Peter Buxbaum 2:10 AM  7/8/2017

Global markets are evolving into regional production and consumption models. As ecommerce grows —with its consumer expectations of fast deliveries—manufacturers… Read More

XPO Logistics Keeps the Tour de France on the Road for the 37th Year

Haylle Sok 4:46 AM  7/6/2017

XPO Logistics, a global provider of transport and logistics solutions, has been named the official transport partner of the 104th… Read More

Malware Outbreak Attributable to State Actor, NATO Researchers Say

Peter Buxbaum 2:52 AM  7/5/2017

The global outbreak of what is now being called the NotPetya malware on June 27, hitting multiple organizations in Ukraine,… Read More

Kerry Logistics Expands Multimodal Freight Network

Haylle Sok 1:07 AM  6/30/2017

Kerry Logistics Network Limited continues to enhance its services and network under the Belt and Road initiative by entering into… Read More

New Software for Billing Global Trade and Logistics Services

Haylle Sok 2:05 AM  6/29/2017

Many companies take on global trade and logistics services on behalf of their customers and partners or other internal divisions…. Read More