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.
Improved Carrier Sentiment Signals Potential Rate Increase in Truckload Spot Market
A recent Bloomberg | Truckstop survey reveals that sentiment among North American carriers in the truckload spot market has improved… Read More
Lineage Logistics Expands, Acquires Facilities to Grow National Network
Lineage Logistics, LLC, a temperature controlled warehousing and logistics company, will be expanding two existing facilities in the Dallas-Fort Worth… Read More
Inbound Freight
Inbound freight is typically the last frontier for many companies search for cost savings in their freight spend, as there… Read More
OIA Global Acquires American Cargo Express
OIA Global, a worldwide transportation, supply chain management, and packaging solutions provider has acquired American Cargo Express, a New Jersey-based… Read More
Burts Potato Chips Sizzle With CEVA
CEVA Logistics, one of the world’s largest supply chain management companies, has been awarded a five year contract to manage… Read More
Kuehne + Nagel First to Receive Pharma Certification for Entire Network
Kuehne + Nagel has received full IATA CEIV Pharma network certification of the entire global KN PharmaChain GxP compliant air… Read More
CaroTrans Expands Direct Europe-to-US Service
CaroTrans, a global non-vessel operating common carrier and ocean freight consolidator, has announced a new, direct weekly less than containerload… Read More
What Does A Trump Administration Mean For Container Shipping?
Most elected leaders face a problem after winning an election: they can’t stop campaigning. Slogans, rhetoric, victory and the adulation… Read More
Americold Opens East Point, Georgia, Facility
Americold, a global leader in temperature-controlled warehousing and logistics for the food industry, officially opened its most recent facility addition… Read More
Amazon.com: Logistics Provider
Amazon, the online retailing giant, continues to make inroads into the world of logistics. A few months ago, a Chinese… Read More
THERE AND BACK AGAIN
Days before the height of the seasonal shopping frenzy, UPS announced a strategic alliance with reverse logistics specialist Optoro to… Read More
A Look Into the Future
Last year was record-setting for the logistics and supply chain industry with $5 billion in total projected investments. We saw… Read More
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