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.
The Impact of Middle East Unrest on Global Logistics
The recent escalation of tensions in the Middle East has sent shockwaves through the global logistics sector, raising concerns about… Read More
SEKO Logistics Launches New Aerospace and Aviation Industry Vertical
SEKO Logistics has created a new aerospace and aviation industry vertical with global centers of excellence and core competencies to… Read More
DSV Acquires UTi Worldwide Inc.
DSV’s acquisition of UTi Worldwide Inc. was completed in late January with the approval of UTi shareholders and competition authorities…. Read More
XPO Logistics Secures Contract Renewal with General Motors
General Motors UK Ltd has extended its long-term relationship with XPO Logistics in a three-year contract renewal for the distribution… Read More
CEVA Logistics Creates new Ground Transportation Business Line
CEVA Logistics, one of the world’s largest supply-chain management companies, announced it has furthered the progress of its operating model… Read More
Amazon Now Moving Into Ocean Shipping
A Chinese affiliate of Amazon.com has registered as an ocean freight forwarder with the U.S. Federal Maritime Commission, Bloomberg News… Read More
Fighting the Status Quo in Your Logistics Department
“The riskiest thing we can do is just maintain the status quo.” That’s a quote from Disney CEO, Bob Iger,… Read More
Neovia Logistics Awarded Five-Year Contract with Automotive Manufacturer
Neovia Logistics has entered into a five-year agreement with BMW of North America to provide labor services for the automaker’s… Read More
Deutsche Post DHL Group Acquires Minority Stake in French Ecommerce Logistics Specialist
Deutsche Post DHL Group, the mail and logistics company, plans to invest in a minority stake in Relais Colis, a… Read More
Kuehne + Nagel and GlaxoSmithKline Sign Long-Term Logistics Agreement
Kuehne + Nagel and GlaxoSmithKline (GSK) announced the signing of an end-to-end global logistics partnership until 2021 that is expected… Read More
DHL Lays Tracks For China-Turkey Rail Corridor
DHL Global Forwarding has inaugurated a new service on the southern rail corridor between China and Turkey. The corridor occupies… Read More
GLP Announces New Leases in China
GLP, a global provider of modern logistics facilities, has signed leases totaling 940,000 square feet with three logistics industry leaders… Read More
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