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.
93% of Logistics Professionals Spend Half their day Fixing Problems without Digital Tools
Container xChange, an online container logistics platform, has published its recent research report ‘The benefits of digitalizing container operations’. The report is… Read More
Nine Out of 10 Companies Detected Significant Software Supply Chain Security Risks in the Last 12 Months, According to New ReversingLabs Report
Facing a Growing Threat, More Than 70 Percent Confirm that Current Application Security Solutions Fail to Protect Companies From Software… Read More
World Bank Releases Logistics Performance Index 2023
Resilience and reliability are crucial in the performance of logistics The World Bank today released its 2023 Logistics Performance Index… Read More
The Innovative Company Revolutionizing Packaging for Businesses
In the shipping world, maximizing space is paramount. Companies are constantly seeking ways to minimize costs thereby maximizing returns. This… Read More
Transplant Logistics Leader MediGO Issues Statement Welcoming HRSA Announcement on Organ Procurement and Transplantation Network Modernization Initiative
MediGO, a Baltimore-based digital healthcare supply chain technology company focused on improving equity, access and transparency in the donation and… Read More
SC Ports Provides Reliability to Shippers
South Carolina Ports provides reliable, fluid and efficient service to port-dependent businesses throughout the Southeast and beyond. Thus far in fiscal… Read More
The Uber-ization of US Trucking is only Speeding Up
US trucking is entering a tumultuous period that will likely reshape the $875 billion industry. Shipping rates that spiked during… Read More
Transport Pro Integration Expedites Data-Driven Spot Quoting for Circle Logistics
Transport Pro equips Circle with freight intelligence, providing carrier insights and a faster, more efficient quoting and bidding process. Circle… Read More
Protecting Your Cargo from Costly Last Mile Delivery Mishaps
E-commerce hasn’t slowed down since the boom experienced at the onset of the pandemic. Statista predicts online shopping to grow… Read More
What 3PL’s Need To Gain a Competitive Advantage
The third-party logistics (3PL) industry has been the ongoing answer to the never-ending supply chain crunch. Constant volatility between labor… Read More
An Introduction to the 5 R’s of Reverse Logistics
One of the most valuable and yet overlooked components of any company’s supply chain is the process of managing returns…. Read More
Oversupply of Containers Leading to Second-Hand Container Market Price Correction
The oversupply of containers is contributing to second-hand container market prices plummeting, Container xChange shared in a recent analysis. “The current situation of… Read More
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