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
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
TT Club Innovation in Safety Award Now Open for Groundbreaking Entries in Cargo Transport Safety
The TT Club, in collaboration with ICHCA, has opened entries for its annual Innovation in Safety Award, recognizing those who… Read More
Overcoming Uncertainties in the Maritime Sector
The marine industry is vital to the UK’s economy, contributing £116bn in total turnover in 2019. However, recent events such as… Read More
C.H. Robinson: How Shippers can prepare for a Potential ILA Strike Amid an Increasingly Disrupted North American Shipping Landscape
C.H. Robinson’s Mia Ginter, director of North American Ocean, provides insights into the pending ILA East and Gulf coast port… Read More
Logistics Industry Sees First Positive Growth in Two Years, TIA Reports Show
The Transportation Intermediaries Association (TIA), the leading organization representing transportation intermediaries in domestic and international commerce, has released its Q2… Read More
Supply Chain Resiliency and Strengthening Supply Chains
Fortifying Supply Chains: How to Navigate Today’s High-Risk Global Trade Landscape Efforts to make supply chains stronger are as old… Read More
Ningbo Port Closure Triggers Global Supply Chain Disruptions
The global trade landscape has always been delicate, with recent incidents like the Red Sea crisis and the Baltimore bridge… Read More
TT Club Stresses Ongoing Efforts to Prevent Container Losses at Sea
Container losses at sea remain a persistent challenge, often exacerbated by severe weather conditions. TT Club, a leading international freight… Read More
It’s a Carrier’s Market Amidst all the Disorder
Two new attacks targeting ships by Yemen’s Houthi rebels on July 15th sparked a new round of hostilities that are… Read More
RXO and Shiplify Partner to Enhance Transparency and Efficiency for LTL Shippers
Shiplify, a leading accessorial revenue identifier for carriers, shippers, and third-party logistics (3PL) providers, has announced a strategic partnership with… Read More
Port of Long Beach Secures $300 Million for Major Green Infrastructure Projects
The Port of Long Beach has been awarded $283 million from the federal government to support the development of ‘America’s… Read More
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