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
Maersk Exceeds Q4 Profit Forecasts Amidst Global Trade Uncertainty
In a recent announcement, Danish shipping giant Maersk reported a fourth-quarter profit that surpassed market expectations, despite ongoing global trade… Read More
Freight Foresight: Ceasefire and Seasonal Slowdown Drive Ocean Rates Down
Ocean container shipping rates are expected to decline further in February, driven by a Middle East ceasefire and the typical… Read More
U.S. Port Traffic Surges as Container Imports Hit 15-Month Growth Streak
The nation’s ten largest ports saw a 14.2% year-over-year increase in inbound container volumes in December, marking the fifteenth consecutive… Read More
Red Sea Crisis and Global Trends Drive Up Ship Maintenance Costs
The maritime industry is grappling with rising costs for vessel stores and spares as geopolitical tensions in the Red Sea… Read More
Prioritizing Driver Risk Mitigation to Enhance Supply Chain Safety
Today’s logistics and supply chain professionals must oversee and influence various factors to ensure goods reach their destinations on time…. Read More
Intermodal Market Experiences Robust Growth in Early 2025
The intermodal market continues its impressive peak into the early months of 2025, defying typical seasonal trends with a notable… Read More
Global Shipping Market Faces Turbulence as Tanker Rates Surge on China Routes
In light of recent sanctions imposed by the US on Russia, the cost to hire oil supertankers on key routes… Read More
U.S. Companies Stockpile Chinese Goods Amid Tariff Uncertainty
Anticipation of potential new tariffs under President-elect Donald Trump has driven a surge in U.S. imports from China, as companies… Read More
How AI is Revolutionizing Safety Management in the Maritime Industry
The maritime sector is embracing digital transformation, with artificial intelligence (AI) emerging as a game-changer for safety management. Companies like… Read More
DP World Surpasses 100 Million TEU Milestone, Driving Global Trade Growth
Global logistics leader DP World has achieved a historic milestone, surpassing 100 million TEUs (twenty-foot equivalent units) in container handling… Read More
US Ports Anticipate Strong Finish to Year with Promising 2025 Outlook
The container flows through U.S. ports are set to conclude on a strong note, signaling robust improvement prospects for 2025…. Read More
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