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.
Improved Carrier Sentiment Signals Potential Rate Increase in Truckload Spot Market
A recent Bloomberg | Truckstop survey reveals that sentiment among North American carriers in the truckload spot market has improved… Read More
Qatar Airways Cargo Announces Chapter 3 of WeQare “Let’s Stand Together”
Qatar Airways Cargo continues its commitment by launching Chapter 3 of its WeQare program, “Let’s Stand Together”. Chapter 3 involves… Read More
SC Ports Reports All-time Container Record in March SC Ports Deploying Creative Supply Chain Solutions
South Carolina Ports reported an all-time container record in March, marking the 13th consecutive month of cargo records at the Port… Read More
Toyota Material Handling Promotes King, Stachniak to Vice President
The two key female executives helped lead Toyota to new heights while promoting a culture of inclusivity and empowering women… Read More
Kale Logistics Solutions Wins Best IT Solution Provider At India Cargo Awards 2022
The accolade was awarded to Kale for its provision of game-changing community platforms and enterprise solutions to the global logistics industry… Read More
Using Inventory Management to Combat Supply Chain Disruptions
Companies are turning to inventory management principles for help navigating supply chain disruptions. Inventory management isn’t the same as supply… Read More
Lineage Logistics Broadens North American Network with Acquisition of VersaCold Logistics Services from TorQuest Partners
Acquisition bolsters Lineage’s existing presence in Canada and enables the Company to provide more efficient cross-border solutions for customers in… Read More
Maersk Reveals Focus on Air Cargo
The leading shipping lines continue their expansion into airfreight, with Maersk announcing on Friday (08/04/22) the creation of a new business… Read More
Kargo Xpress Implements CHAMP’s Cargospot Airline Solution
Carrier will also streamline booking via CHAMP Portal solution M Jets International (DBA Kargo Xpress), has become the first Malaysian… Read More
Port of Brisbane Welcomes New Container Park from MEDLOG
Logistics and supply chain operator MEDLOG will set up a new automated container park at the Port of Brisbane. The company,… Read More
Porto Itapoá, for the 4th Consecutive Year, is the Most Recommended by Customers, According to IBRC
The entity analyzed the level of customer satisfaction and loyalty among Brazilian ports Porto Itapoá is once again the Brazilian… Read More
Maersk, CMA CGM in Driving Seat for Highest Earning Carriers in 2021
Resulting from record demand and supply chain capacity challenges, container lines saw record earnings in 2021. A.P. Moller – Maersk (Maersk)… Read More
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