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 Future Of Delivery Management
Customers today expect nothing less than seamless and accurate delivery services. Hence, businesses are continuously seeking ways to enhance their delivery… Read More
Ocean Freight Container Rates Soar Amid Global Supply Chain Disruptions
Ocean freight container shipping spot rates are set to surpass levels seen during the peak of the Red Sea crisis,… Read More
Airlink Highlights Critical Role of Logistics in Meeting Humanitarian Needs
Air carriers and logistics specialists are increasingly vital in addressing the rising demand for humanitarian emergency response, according to Airlink,… Read More
America’s Ports Surge Ahead: $5 Trillion In Funding Is Earmarked For Groundbreaking Infrastructure Overhaul
America’s coast hosts more than 300 ports, which are vital to the U.S. economy. Annually, the ports contribute more than… Read More
Northern Challenges: Logistics Solutions for Remote Communities in Canada
Remote communities in Canada face significant logistical challenges due to their isolated locations and harsh environmental conditions. Efficient logistics are… Read More
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
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
Sheer Logistics Unveils Advanced Solutions for Enhanced Supply Chain Efficiency
During the opening day of FreightWeekSTL 2024, a week-long conference hosted by the St. Louis Regional Freightway, Sheer Logistics showcased… Read More
Geopolitics, not Economics, is Front and Center for Global Supply Chains
Supply chain managers, long accustomed to weighing economic risks, are now confronted with geopolitical risks that are upending traditional sourcing… Read More
A Broker’s Guide To Success: 2024 Freight Forecast
At the start of a new year, the freight industry remains in a soft market with a surplus of truck… Read More
Driving Business Efficiency Through Supply Chain Visibility
In a dynamic business landscape, supply chain efficiency is pivotal to an enterprise’s success. Organizations will increasingly look to leverage… Read More
Transforming America’s Ports: FHWA Grants Drive Clean Air Initiatives
At a White House event today, the American Association of Port Authorities (AAPA) and port leaders came together to commemorate… Read More
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