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.
A Broker’s Guide To Success: 2024 Freight Forecast
At the start of a new year, the freight industry remains in a soft market with a surplus of truck… Read More
CEVA Opens Multi-User Distribution Facility at iPort
CEVA Logistics, one of the world’s largest supply chain management companies has opened a state-of-the-art shared-user warehouse at the new… Read More
Trump Has Yet to Appoint New TSA Administrator
The Trump administration has been neglectful in nominating professionals to sub-cabinet positions, with many cabinet secretaries, including those at State… Read More
Deal for Smart Reefer Containers on Silk Road
Kazakhstan Temir Zholy Express ( KTZE), a provider of transportation and logistics for China’s New Silk Road, and global supply… Read More
FMC Eases Ocean Shipping Regulations
The Federal Maritime Commission today voted unanimously yesterday to amend its rules involving service contracts and NVOCC service arrangements (NSAs)… Read More
CaroTrans Augments Central/Eastern European Service Network
CaroTrans, a leading global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, has announced a new alliance with TransOcean… Read More
Managing Ocean Carrier Rates Costs Forwarders Half a Billion
It costs freight forwarders no less than $500 million a year to find and manage ever-changing ocean carrier rates. That… Read More
Americold Breaks Ground on Utah Expansion
Americold, a provider of temperature-controlled warehousing and logistics to the food industry, has broken ground in Clearfield, Utah, to expand… Read More
RUSCON Acquires Top Logistics Company
RUSCON, a leading container transport company in Russia, has expanded its range of operations through the acquisition of SLG-Operating (Smart… Read More
Panalpina Rolling Out Single Warehouse Management System
Panalpina has reached a new milestone in the roll-out of its single warehouse management system (WMS) JDA across all of… Read More
The New World of Manufacturing
The traditional method of manufacturing products in Asia and shipping them across the globe is no longer sustainable – neither… Read More
NFI Launches Global Integrated Technology Suite
Supply chain solutions provider NFI has launched its new global integrated technology suite. The new technology provides customers the tools… Read More
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