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
Thanksgiving Cargo Theft Surge Highlights Supply Chain Vulnerabilities
Cargo theft risks escalate sharply over the Thanksgiving holiday, with organized criminal networks exploiting vulnerabilities in the supply chain, according… Read More
China to Launch First Marine Biofuel Export Quotas in 2025 to Support Biodiesel Industry
China plans to issue its first export quotas for marine bunker fuel blended with biodiesel, aiming to bolster domestic biofuel… Read More
U.S. Ports Secure $580M in Grants for Infrastructure Modernization
Marking the third anniversary of the Bipartisan Infrastructure Law, the U.S. Department of Transportation’s Maritime Administration (MARAD) has announced nearly… Read More
October Monthly Container Import Volumes Remain Above 2.4M TEUs, Straining U.S. Maritime Logistics
For four consecutive months, U.S. container imports have surpassed 2.4 million twenty-foot equivalent units (TEU)—a threshold that has historically strained… Read More
Hapag-Lloyd Invests $4 Billion in 24 Dual-Fuel Containerships to Propel Decarbonization Goals
German shipping giant Hapag-Lloyd has committed to a $4 billion investment in 24 new dual-fuel containerships, ordered from China’s Yangzijiang… Read More
What California’s Complex Wine Supply Chain Can Teach Industry Professionals
What California’s Complex Wine Supply Chain Can Teach Industry Professionals Wine producers and retailers have to handle the deceptively complex… Read More
IMO Chief Urges Action as Red Sea Attacks by Houthi Forces Disrupt Global Shipping
International Maritime Organization (IMO) Secretary-General Arsenio Dominguez has concluded a diplomatic tour of key Red Sea countries amid escalating maritime… Read More
Panama Canal Posts $3.45 Billion Profit Despite Drought-Driven Shipping Reductions
The Panama Canal achieved a 9.5% profit increase in the fiscal year ending September 2024, generating $3.45 billion despite severe… Read More
Xeneta Forecasts Another Tough Year for Container Shipping as Geopolitical Tensions Rise
The 2025 Ocean Outlook report from Xeneta signals a challenging year ahead for container shipping, warning of heightened geopolitical risks… Read More
FinTech Blockchain Market Booms: US$ 325.6 Billion Revenue
According to the findings of Market.us, The Global FinTech Blockchain Market is set for remarkable growth, projected to surge from… Read More
Forecasting Demand in Supply Chains: Why It’s Critical for Success
Demand forecasting has become an essential tool for supply chain and logistics professionals. In an industry where unexpected delays, sudden… Read More
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