3PL (third-party logistics)

A 3PL (third-party logistics) is a provider of outsourced logistics services. Logistic services encompass anything that involves management of the way resources are moved to the areas where they are required. The term comes from the military. In business, 3PL has a...

10 tips for reducing supply chain logistics costs

10 tips for reducing supply chain logistics costs As companies continue to manufacture and source materials from overseas, controlling costs remains a top priority for those involved in international trade. One key factor that should be monitored more closely is...

Keeping Logistics Costs in Check

To combat the rising costs of logistics, companies should reassess each aspect of their transportation and logistics strategy. Here are six factors to consider. Logistics costs have skyrocketed over the last few years as fuel prices increased and the United States...

How to Determine Freight Class?

The National Motor Freight Classification (NMFC) system is a standardized method designed to give consumers a uniform pricing structure when transporting freight. There are 18 classes that a shipped package may fall under with class 50 being the least expensive, to...