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
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
Jeddah Islamic Port: Driving Saudi Arabia’s Vision 2030 and Global Trade Expansion
Jeddah Islamic Port, a key player in Saudi Arabia’s maritime landscape, is central to the Kingdom’s Vision 2030, thanks to… Read More
Port Strike Impacts on Backlogs and Delays
Strike duration at all ports Estimated timeline to clear backlog 1 day 7 days 3 days 21-25 days 7 days… Read More
Applying Experience with Restaurant Chains, Rethinking Food Service Supply Chain
Imagine this: It’s Friday night, your restaurant is buzzing, and suddenly, you run out of a critical base ingredient. Your supplier… Read More
Silk Way West Airlines Named Global Air Cargo Partner for COP29, Reinforces Sustainability Commitment
Silk Way West Airlines, a leading cargo airline in the Caspian and Central Asian regions, has been appointed as the… Read More
Port Freeport Marks Historic Milestone with Zero Tax Rate Adoption
In a landmark decision on September 12th, Port Freeport’s Commission voted to adopt a zero tax rate for the first… Read More
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