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
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
New Climate Risk Scores Equip Supply Chains for Climate Resilience up to 2100
Everstream Analytics, a leader in supply chain insights and risk analysis, has introduced Climate Risk Scores, a pioneering tool that… Read More
Challenges Faced by Low-Cost Carriers (LCCs)
Times have changed, and airlines seem to be up to the daily travel of air travelers. Mostly because carriers are… Read More
Nuclear-Powered LNG Carriers: The Future of Zero-Emission Shipping?
The American Bureau of Shipping (ABS) has released a new report evaluating the potential of advanced nuclear technology to power… Read More
7 Questions to Ask When Looking to Diversify Your Carrier Base
Carrier diversification is a trend that is continuing to gain traction. This season’s peak season surcharges from national carriers like… 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
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