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

UPS Capital Deal Expands Global Security for High-Value Parcel Shippers

Haylle Sok 3:00 AM  7/31/2015

Supply chain financial services provider UPS Capital has acquired the Insured Parcel Services (IPS) business of G4S International Logistics (G4Si),… Read More

New Distribution Center Opens at UK’s DP World London Gateway

Haylle Sok 9:17 AM  7/30/2015

DP World London Gateway recently celebrated the official opening of the first distribution center at what is set to become… Read More

UPS Reported in Talks to Buy Coyote Logistics

Haylle Sok 8:00 AM  7/29/2015

United Parcel Service is in talks to buy Coyote Logistics LLC, a provider of transportation and shipping services, according to… Read More

UPS Expands Worldwide Express Freight Network

Haylle Sok 5:00 AM  7/22/2015

UPS has expanded the scope of its expedited global Worldwide Express Freight supply chain network, which accommodates urgent, heavy-weight palletized… Read More

CEVA Logistics Opens New Benelux Distribution Center

Haylle Sok 1:00 PM  7/21/2015

CEVA Logistics has opened the doors at a new global distribution center for industrial spare parts in Born, the Netherlands…. Read More

Shipedge Announces Cloud-Based, Integrated OMS and WMS

Haylle Sok 8:45 AM  7/16/2015

Software developer Shipedge has announced the launch of a cloud-based integrated order management and warehouse management system. The Durham, North… Read More

UPS Expands China-Europe Rail Service

Haylle Sok 3:00 AM  7/15/2015

UPS announced yesterday it has added a less-than-containerload (LCL) option for China-to-Europe rail shipments. The service is available from Zhengzhou… Read More

U.S. Titans Investing in Chinese Logistics Company

Peter Buxbaum 4:00 AM  7/10/2015

Carlyle Group LP and Goldman Sachs Group Inc. are among the U.S. concerns investing in a Chinese logistics company, Shanghai… Read More

3PLs Doing Well So Far This Year

Haylle Sok 7:00 AM  7/9/2015

A benchmarkign report released a few days ago by the Transportation Intermediaries Association shows that 3PLs made solid gains in… Read More

Kuehne + Nagel to Acquire ReTrans

Peter Buxbaum 6:00 AM  7/8/2015

The Kuehne + Nagel Group has entered into an agreement to acquire ReTrans Inc., a U.S. transportation broker. TheMemphis-based ReTrans… Read More

HighJump Solution Integrates EDI With SAP Business One

Haylle Sok 8:01 AM  7/6/2015

HighJump, a global provider of supply chain management software, announced that its TrueCommerce Transaction Manager now offers integrated warehouse and… Read More