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
BNSF Logistics Acquires Specialty Cargo Handling Firms
BNSF Logistics has boosted its service profile with the acquisition of a pair of transportation companies that specialize in the… Read More
Outsource Inventory Management
Global Trade: How can third-party logistics providers help manufacturers with inventory management? Alan Alming: There are three areas where 3PLs… Read More
Global 3PL Results And Mergers & Acquisitions
Large acquisitions are dominating the 3PL market landscape. In January, FedEx purchased GENCO, a high quality, value-added warehousing and distribution… Read More
Massive Aircraft Deployed for Cargo Shipment to Ukraine
One of the largest cargo airplanes in the world was deployed by Mallory Alexander International Logistics to expedite a client’s… Read More
UPS to Acquire Coyote Logistics for $1.8 billion
UPS has entered into a definitive purchase agreement to acquire Coyote Logistics, a non-asset based truckload freight brokerage company for… Read More
Australia’s Toll Group to Build Logistics Hub in Singapore
Toll Group recently unveiled its blueprint for Toll City, a logistics hub in Tuas, Singapore, of over one million square… Read More
Can 3PLs Help Manufacturers With Inventory Management?
We spoke recently to Alan Amling, vice president for marketing, at UPS Logistics & Distribution, about how 3PLs can help… Read More
UPS Capital Deal Expands Global Security for High-Value Parcel Shippers
Supply chain financial services provider UPS Capital has acquired the Insured Parcel Services (IPS) business of G4S International Logistics (G4Si),… Read More
New Distribution Center Opens at UK’s DP World London Gateway
DP World London Gateway recently celebrated the official opening of the first distribution center at what is set to become… Read More
UPS Reported in Talks to Buy Coyote Logistics
United Parcel Service is in talks to buy Coyote Logistics LLC, a provider of transportation and shipping services, according to… Read More
UPS Expands Worldwide Express Freight Network
UPS has expanded the scope of its expedited global Worldwide Express Freight supply chain network, which accommodates urgent, heavy-weight palletized… Read More
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