3pl provider

Third-party logistics providers are now leasing more warehousing space than any other sector amid growing demand for 3PL services. CBRE's 2023 North America Industrial Big Box report found that 3PLs accounted for 41% of all lease transactions at traditional warehouses and distribution centers, with at least 200,000 square feet in 2022, surpassing retailers and wholesalers for the first time on record.

[Read more...]Show less

Third-party logistics (3PL) providers oversee the outsourced third-party logistics and related services for a company. Responsibilities of a 3PL provider include negotiating competitive freight rates to minimize costly supply chain disruptions, ensuring freight networks run to maximum efficiency, generating customized freight management plans, decreasing cost while increasing efficiency, facilitating supply chain optimization, creating increased value and more. Growth in this field has led to a significantly larger range of service offerings available to shippers and customers.