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
Sheer Logistics Unveils Advanced Solutions for Enhanced Supply Chain Efficiency
During the opening day of FreightWeekSTL 2024, a week-long conference hosted by the St. Louis Regional Freightway, Sheer Logistics showcased… Read More
Geopolitics, not Economics, is Front and Center for Global Supply Chains
Supply chain managers, long accustomed to weighing economic risks, are now confronted with geopolitical risks that are upending traditional sourcing… Read More
A Broker’s Guide To Success: 2024 Freight Forecast
At the start of a new year, the freight industry remains in a soft market with a surplus of truck… Read More
Driving Business Efficiency Through Supply Chain Visibility
In a dynamic business landscape, supply chain efficiency is pivotal to an enterprise’s success. Organizations will increasingly look to leverage… Read More
Transforming America’s Ports: FHWA Grants Drive Clean Air Initiatives
At a White House event today, the American Association of Port Authorities (AAPA) and port leaders came together to commemorate… Read More
Fulfillment in Logistics: How Does It Work and Why Is It Important in Ecommerce?
In the fast-paced world of ecommerce, the success of a business is often measured by the speed and efficiency with… Read More
Peel Ports and Awake.AI Forge Alliance to Elevate Port Operations with AI Solutions
Peel Ports Group has unveiled a strategic collaboration with Awake.AI, signaling a landmark partnership aimed at harnessing AI-based solutions to… Read More
Innovative Solutions for Your Business: Navigating Supply Chain Dynamics
In today’s fast-paced business landscape, navigating supply chain dynamics has become increasingly complex. From sourcing raw materials to delivering finished… Read More
US Consumer Spending Trends Reshaping Container Shipping Dynamics
Recent estimates from Sea-Intelligence reveal a notable trend in US consumer spending dynamics, indicating a continued increase in expenditure despite… Read More
Building a Resilient Supply Chain with Advanced Predictive Analytics
Global supply chains have made front-page news for all the wrong reasons in recent years. The pandemic shook the foundation… Read More
Adapting to Climate Change Challenges in the Cold Chain
Climate change is a multifaceted challenge, forcing businesses to adapt to a new reality governed by rising global temperatures and… Read More
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