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

Transplace Acquires Lakeside Logistics

Haylle Sok 8:06 AM  12/14/2016

Transplace, a provider of transportation management services and logistics technology, has acquired Lakeside Logistics, a Canadian-based logistics services company. The… Read More

NASA Signs With PLS for Transportation Services

Haylle Sok 2:04 AM  12/14/2016

The North American Steel Alliance (NASA), a member-owned purchasing cooperative service in the metals distribution industry, has signed a transportation… Read More

Kuehne + Nagel Logistics Partner for Michelin in Poland

Haylle Sok 12:08 AM  12/14/2016

Kuehne + Nagel Poland signed an agreement with Michelin, one of the largest tire manufacturers in the world, to manage… Read More

Drone Solution for Warehouse Inventory

Haylle Sok 2:37 AM  12/12/2016

Geodis and Delta Drone have delivered the prototype of a drone that can be used in warehouses to manage inventory…. Read More

Warehouse Management Contract With Largest Brewer in East Africa

Peter Buxbaum 12:51 AM  12/11/2016

Bolloré Logistics Kenya has secured a contract to provide warehouse management services to Kenya Breweries Limited, a subsidiary of Diageo… Read More

Carmichael International Expands To Mexico

Haylle Sok 1:06 AM  12/9/2016

Carmichael International Service, one of North America’s largest customs brokerage and trade compliance specialists, has announced that it has expanded… Read More

CaroTrans Initiates First, Direct LCL Service from Poland to U.S.

Haylle Sok 12:31 AM  12/8/2016

CaroTrans, a global NVOCC (non-vessel operating common carrier) and ocean freight consolidator has announced its first direct, weekly LCL service… Read More

FMC: Information Infrastructure Key to U.S. Competitiveness

Peter Buxbaum 4:37 AM  12/7/2016

Critical information delivered to supply chain actors via a national portal will improve port performance and increase American economic competitiveness,… Read More

MacroPoint Accelerates Growth With $44 Million Investment

Haylle Sok 12:58 AM  12/5/2016

MacroPoint has received a $44 million investment from Susquehanna Growth Equity, LLC (SGE). The company plans to accelerate investment in… Read More

Echo Global Logistics in New Expanded Office in Chicago

Haylle Sok 1:06 AM  11/30/2016

Echo Global Logistics, Inc., a provider of technology-enabled transportation and supply chain management services, has opened its newly expanded office… Read More

Should Freight Carriers Swipe Left on Digital Freight Matching?

Erik Malin 12:39 AM  11/28/2016

To date, most of the conversation surrounding Digital Freight Matching (DFM)—essentially digital apps matching capacity with cargo like Uber does… Read More