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.
Driving Business Efficiency Through Supply Chain Visibility
In a dynamic business landscape, supply chain efficiency is pivotal to an enterprise’s success. Organizations will increasingly look to leverage… Read More
Transportation and Logistics Companies Can Achieve Profitable Growth
Many transportation and logistics (T&L) companies need to refine their current business models to capitalize on opportunities in industry segments… Read More
First Shipping Use of Public Blockchain Technology
Marine Transport International has deployed the world’s first public blockchain solution in the global shipping industry. MTI is a freight… Read More
Sarenza and XPO Logistics Inaugurate New Paris Logistics Platform
Shoe retailer Sarenza, and European supply chain company XPO Logistics, inaugurated a new logistics platform in Réau (Seine-et-Marne). The tailored,… Read More
JTS Launches Cloud-Based TMS
Johanson Transportation Service, a third-party supply chain solutions provider, has launched FreightOptixx, the company’s cloud-based transportation management system (TMS). The… Read More
FMC Collects $338,000 In Penalty Payments
The Federal Maritime Commission has completed compromise agreements recovering a total of $338,000 in civil penalties. The agreements were reached… Read More
UPS 3D Printing Network Expanded To Asia
UPS’s partner Fast Radius will open a 3D printing factory in a UPS facility in Singapore by the end of… Read More
NaviTrans to Integrate INTTRA
INTTRA, the world’s ocean shipping electronic marketplace, and NaviTrans, a provider of software solutions for logistics firms operating on the… Read More
XPO Logistics Extends Relationship with ASDA
National British supermarket chain ASDA Stores, Limited, has renewed its long-term agreement with XPO Logistics for reverse logistics operations. Under… Read More
Study Reveals Evolving Role of Shippers and Logistics Providers
Today’s rapid pace of change is adding complexity to the roles of shippers and their logistics providers. As a result,… Read More
Five Questions to Ask When Choosing a Top 3PL Provider
It’s every logistics pro’s responsibility to look for ways to get things done more efficiently. Luckily, most of us find… Read More
BUILDING GLOBAL SUPPLY CHAINS WITH LOGISTICS PARTNERS
Albert Saphir, principal of ABS Consulting, was contacted not long ago to help with an international sourcing effort that could… Read More
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