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.
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
Managing Costs for Automotive Manufacturing: Duties and Import Management
Within a complicated global landscape, where interconnectedness is vital for business success, managing the intricacies of a supply chain on… Read More
Building for Continuity: How New Materials Keep Global Supply Chains Running During Disasters
Global supply chains are the foundation for the world economy, as they keep resources flowing seamlessly, no matter the distance…. Read More
Hapag-Lloyd and Maersk Boost Earnings Forecasts as Red Sea Disruptions Reshape Global Shipping
Hapag-Lloyd has followed future alliance partner Maersk in upgrading its 2024 earnings outlook, citing higher-than-expected demand and rising freight rates… Read More
Global Shipping Faces Turbulence: Chokepoint Disruptions Threaten Trade and Supply Chains
The maritime industry is navigating treacherous waters, as critical shipping chokepoints face unprecedented strain, threatening global trade, food security, and… Read More
Port of Los Angeles Sets All-Time Record with Massive Cargo Surge in Q3
The Port of Los Angeles achieved its largest-ever quarterly performance, processing 2.85 million TEUs between July and September 2024. September… 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
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