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.
Building Resilient Supply Chains through Collaboration and Digital Connections
Collaboration and communication are increasingly important for effective continuity planning and business development in a complex and uncertain global supply… Read More
Maersk Finalizes Acquisition of Pilot Freight Services
A.P. Moller – Maersk (Maersk) has completed its acquisition of US-based Pilot Freight Services. Maersk first announced its intention to acquire the… Read More
MSC Adds Another New Service to The Port of Philadelphia with the Indus 2
PhilaPort welcomed the maiden call of a new ocean liner service to The Port of Philadelphia’s Packer Avenue Marine Terminal…. Read More
Maersk Maritime, Logistics Businesses Deliver Record Q1 2022 Results
A.P. Moller – Maersk (Maersk) has released the Q1 2022 financial results of its Ocean, Logistics and Terminals businesses, posting significant… Read More
Awery Aviation Software Appoints Phaedra Den Hertog as Part of Ongoing Growth of Senior Management Team
Den Hertog brings 30 years of air cargo experience as well as digital expertise to Awery’s senior management team Awery… Read More
KKR buys Hitachi Transport for $5bn
The US private equity firm Kohlberg Kravis Roberts (KKR), has bid to take effective control of Hitachi Transport System, one… Read More
CPC Logistics Names Adam Putzer as Director of Sales for its Permanent Transportation Logistics Services
Accomplished sales professional brings more than a decade of experience in transportation and logistics CPC Logistics, a leading provider of… Read More
West Coast Ports and Unions Clash on Automation ahead of Talks
The Pacific Maritime Association (PMA) has released a study extolling the benefits of port automation ahead of labor talks – but… Read More
AAL Carries out Six Month Series of Shipments for the New 181MW Dulacca Wind Farm in Queensland Australia
Between February and July 2022, AAL Shipping (AAL) is operating a series of shipments between several ports in China and… Read More
Port of Montreal Moves 1.7 Million TEU in 2021
The Port of Montreal moved 1.7 million TEU in 2021, despite facing several challenges and crises. Driven by the changing consumer habits… Read More
TA Services Announces Acquisition of Alabama-based C2 Freight Resources
Acquisition Positions TA Services for Further Expansion in Brokerage Services TA Services Inc., a premier full-service logistics provider and division of PS… Read More
COSCO Shipping Ports Announces Q1 2022 Results
COSCO Shipping Ports Limited (CSP) has released first quarter results for 2022, posting revenues of $329.7 million. The revenues are an… Read More
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