3PL & 4PL Showcase
Tweet me!Domestic and global commerce would come to an abrupt halt without third-party logistics service providers (3PLs) and freight forwarders, to ensure that goods reach their destinations – particularly when crossing international borders. Thus it’s no surprise that despite an ongoing freight recession in 2008, 3PL revenues grew an estimated 5.5 percent to $128.7 billion, as more suppliers outsourced warehousing and transportation of their products during the economic downturn. Specifically, 3PL market growth has been driven by companies outsourcing logistics functions to concentrate on core competences, the need for sophisticated supply chain information technology solutions, and the ongoing globalization of trade and logistics.
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