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.

US Consumer Spending Trends Reshaping Container Shipping Dynamics

Recent estimates from Sea-Intelligence reveal a notable trend in US consumer spending dynamics, indicating a continued increase in expenditure despite… Read More

ABF Logistics Acquires Bear Transportation Services

Haylle Sok 4:00 AM  1/5/2016

ABF Logistics has acquired Bear Transportation Services, L.P., a private, non-asset truckload brokerage firm headquartered in Plano, Texas, effective today,… Read More

Freight Forwarders Need to Tech Up – or Risk Shutting Down

Jim Hoefflin 5:00 AM  12/30/2015

As consolidation among freight forwarders continues at a fever pitch, companies are being forced to expand their range of services… Read More

ACE Will Soon Be Mandatory

Peter Buxbaum 4:00 AM  12/29/2015

Beginning February 28, 2016, the Automated Commercial Environment (ACE) will be the only way to submit electronic cargo release information…. Read More

DB Schenker Logistics to Expand Land Network in UK

Haylle Sok 6:00 AM  12/25/2015

As part of the continual development of its land network, DB Schenker Logistics will combine its road-activities in the UK… Read More

Survey Shows Hospital Decision Makers Identify Supply Chain Effectiveness Among Top Priorities

Haylle Sok 7:00 AM  12/24/2015

Reimbursement is the biggest problem facing health systems today, followed closely by the increasingly the high cost of supplies, according… Read More

FMC Collects $334,000 in Penalty Payments

Peter Buxbaum 6:00 AM  12/24/2015

Federal Maritime Commission Chairman Mario Cordero announced that the commission has completed compromise agreements recovering a total of $334,000 in… Read More

DHL Tests Postbus for Parcel Courier Service

Haylle Sok 4:00 AM  12/23/2015

Deutsche Post DHL Group is currently testing a new same-day delivery service, Postbus Courier, via its existing long-distance bus network… Read More

DHL Expands Strategic Logistics Partnership With Konica Minolta in China

Haylle Sok 6:00 AM  12/22/2015

DHL Supply Chain has extended its partnership with Konica Minolta, Inc., a manufacturer in business technologies, to design, manage, and… Read More

UPS Covers Last Mile With Connect India

Peter Buxbaum 4:00 AM  12/19/2015

Connect India is now a UPS authorized shipping outlet that is expected to connect customers in semi-urban and rural regions… Read More

Gramercy Europe Acquires Four Logistics and Industrial Assets for $128 Million

Haylle Sok 5:00 AM  12/18/2015

Gramercy Property Trust Inc., a real estate investment trust, recently closed three separate transactions on the acquisition of three logistics… Read More

OHL Processes 2.3 Million Orders Over the Holiday Shopping Period

Haylle Sok 6:00 AM  12/16/2015

Third-party logistics giant OHL reported a record breaking fulfillment performance for the 2015 holiday shopping season with 2.3 million orders… Read More