Total Freight International (TFI) Blog

Third-party logistics, or 3PL, is a service that is provided by a business to an organization where some or all of the complete logistics system is outsourced. This outsourcing includes warehousing through to delivery, allowing the organization to focus on other parts of the business. Want to know the benefits of a 3PL provider? See the Top 5 benefits below: 1. Cost reduction As 3PL providers are capable to work with shippers on behalf of various customers, 3PL providers are often able to leverage greater rates than individual shippers by utilizing their combined volume and order frequency. Utilizing a 3PL logistic company to manage some of your logistical problems also gives businesses the versatility to invest in other key areas of the business. 2. Provide a better experience to your customers Utilizing a 3PL provider enables you to offer faster delivery to all your customers, as you are able to utilize the 3PL’s efficient and established distribution network. 3. Mitigate risk Del...

With the effects of COVID-19, the international supply chain market has broken out in this pandemic. The global air freight volume was down 38.7% year-on-year as passenger flights were taken out of duty, causing air freight rates to surge. With nonstop air cargo capacity down 44% from the United States into Europe, and 58% in the reverse direction. Charter rates are moving four to six times higher than normal, though we presume rates to come down as passenger air capacity revives some ground in the near months. Undoubtedly, like many others, 3PL Logistics industry has witnessed acceleration in the digitalization of processes, not just in terms of consumer behavior but also within companies. The future of 3PL logistics in a post-COVID-19 world Without a doubt, this has been the most difficult shipping phase for supply chain and logistics experts in the history, but as an industry, logistics companies are continuing to produce and deliver the primary goods that we all need to survive. A...