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The most significant difference between a second party logistics provider and a third-party logistics provider is the fact that a 3PL provider is always integrated into the customer's system. The 2PL is not integrated; in contrast to the 3PL, it is only an outsourced logistics provider with no system integration.
The first true, seamless, TWMS to be commercially available was created by iDrive Logistics, based in Lehi, Utah in the United States, called ShipCaddie TWMS. It combined all of the functionality of a WMS and a TMS into one, seamless system without the use of integrations to tie the pieces together.
FedEx Supply Chain, [3] [4] formerly known as GENCO (General Commodities Warehouse & Distribution Co.) is a major third-party logistics (3PL) provider in the United States and Canada. [5] It serves various industries, including: technology & electronics, retail & e-commerce, consumer & industrial goods, and healthcare industries.
The initial business plan was to create, implement, and manage logistics projects for its customers. On October 26, 1990, Menlo Logistics Inc. was formed. The name was a deliberate choice to prompt an association with California’s Menlo Park, which was well known as the home of venture capitalists and high-tech industries.
Starting in the 1990s, several companies chose to outsource the logistics aspect of supply-chain management by partnering with a third-party logistics provider (3PL). Companies also outsource production to contract manufacturers. [35] Technology companies have risen to meet the demand to help manage these complex systems.
Since 2014, CEVA Logistics underwent various business transformations before its IPO in 2018. [4] In 2016, 3PL revenues in China amounted to US$166.7 billion. Research firm Technavio positioned Ceva Logistics as the 4th largest firm with gross revenues of US$1.2 billion, net revenues of US$706 million and 1% of total market share. [5]