3PL sector sees frenzied activity
Published: Aug 16, 2012
Global - With the final quarter of 2012 fast approaching, various third-party logistics (3PL) firms are bolstering their offerings for that final push.
With the UPS-TNT Express acquisition likely to be sealed in November, market players could be beefing up their services to keep competitive.
Global freight firm FedEx has also expanded its ‘International First' early delivery service under its Express arm. The service, which currently serves 11 countries in Asia, the Americas and Europe including Singapore, allows global customers to receive their shipment within one to three days.
As such, the logistics giant has since extended its services to eight countries around the world, including Australia, Austria, Brazil, Canada, Denmark, Japan, Luxembourg and Mexico.
CEVA Logistics has also strengthened its freight offerings in the Pacific, opening a multi-user warehouse complex in Auckland, New Zealand. The new facility ensures close proximity to business activity and air service connectivity throughout the country and overseas.
Furthermore, CEVA has also since enhanced its Less-than-Container Load Oceanfreight services with expansion in the US Midwest.
Locally, to enhance its presence in South China, logistics and supply chain firm YCH Group has entered a joint venture agreement with China's Guangzhou Transportation Group (GTG), offering end-to-end supply chain solutions across Guangzhou.
Under the contract, YCH will manage GTG's logistics and distribution hub in the Tianhe District with its complete suite of supply chain management services, including warehousing, transportation and distribution.
Additionally, Panalpina has also geared up its airfreight services, rolling out new technology for proactive monitoring, control and documentation of temperature sensitive cargo.
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- Panalpina World Transport
- YCH Group
- CEVA Logistics
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