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.
Warehouse Automation: Reflections on the Past Year and Predictions for the Year Ahead
Supply chain leaders at U.S. retail and e-commerce companies operating globally are adept at transformative change. Many navigated the pandemic’s… Read More
Setback for U.S. Arctic Strategy as Nome Deepwater Port Project Hits Cost Barrier
The U.S. effort to expand Arctic capabilities faces a blow as the U.S. Army Corps of Engineers has canceled the… Read More
Supply Chain Digital Twin Industry Insights: USD 8.7 Billion Revenue by 2033
Introduction The Global Supply Chain Digital Twin Market is experiencing, substantial growth, with projections indicating a robust increase in market… Read More
ALAN Mobilizes Supply Chain Support for Hurricane Milton Relief
As Florida begins recovering from the devastation caused by Hurricane Milton, the American Logistics Aid Network (ALAN) has launched relief… Read More
SeaPort Manatee Resumes Fuel Distribution to Hurricane-Hit Florida Regions
SeaPort Manatee has restarted fuel distribution operations, supplying Southwest and Central Florida with much-needed resources following the October 9 landfall… Read More
Automation Remains at the Center of ILA Concerns
It was difficult to avoid the national news coverage of the International Longshoremen’s Association (ILA) strike during the first week… Read More
September 2024 U.S. Container Imports Mark Third Consecutive Month of Elevated Volumes
In July, August and now September, U.S. container import volumes surpassed the 2.4 million twenty-foot equivalent units (TEU) threshold that… Read More
Port Operations Resume as USMX and ILA Reach Labor Agreement
The American Association of Port Authorities (AAPA) celebrated the announcement of a new agreement between the United States Maritime Alliance… Read More
U.S. East and Gulf Coast Port Strike Commences without Contract Agreement in Sight
On October 1 at 12:01 local time, approximately 45,000 dockworkers launched a strike at U.S. east and gulf coast ports…. Read More
U.S. East Coast Dockworkers’ Strike – Key Insights for Container Traders and Leasing Companies
At 12:01 a.m. on October 01, 2024, the International Longshoremen’s Association initiated a strike that has led to the closure… Read More
NEMA Calls for Urgent Government Action as Port Strike Worsens Supply Chain Crisis
Debra Phillips, President and CEO of the National Electrical Manufacturers Association (NEMA), has issued an urgent plea to the Biden… Read More
Port Strikes on US East Coast will Cause Major Supply Disruption into 2025
Ripple effects of strike action at ports on the US East and Gulf coasts will cause severe supply chain disruption… Read More
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