Compendium of Student Papers: Transportation Scholars Conference, Iowa State University, November 14, 1997

(1997) Compendium of Student Papers: Transportation Scholars Conference, Iowa State University, November 14, 1997. Iowa State University

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Abstract

Third-party logistics is one of the fastest growing segments in the transportation and logistics industries. It is of increasing interest to both industry practitioners and academicians. The purpose of this paper is to define the industry, discuss the providers, and develop reasons for a customer to use a third-party logistics provider. Discussed are the services outsourced to third parties and steps to assist the customer in choosing the correct provider. Once the correct provider is identified, the focus moves to implementation of the outsourcing -- success of the third-party's plan, challenges facing third-party logistics providers, and characteristics used to determine the success of the implementation. Finally, current industry trends are examined, industry growth areas are explored, and the future of the Third-party logistics is one of the fastest growing segments in the transportation and logistics industries. It is of increasing interest to both industry practitioners and academicians. The purpose of this paper is to define the industry, discuss the providers, and develop reasons for a customer to use a third-party logistics provider. Discussed are the services outsourced to thirdparties and steps to assist the customer in choosing the correct provider. Once the correct provider is identified, the focus moves to implementation of the outsourcing -- success of the third-party's plan, challenges facing third-party logistics providers, and characteristics used to determine the success of the implementation. Finally, current industry trends are examined, industry growth areas are explored, and the future of the third-party logistics industry is considered. is considered.