What is the difference between fourth party and third party logistics?

!) 4 PL organization is often a separate entity established as a joint venture or long-term contract between a primary client and one or more partners

2) 4 PL organization acts as a single interface between the client and multiple logistics service providers

3) All aspects (ideally) of the client’s supply chain are managed by the 4 PL organization

Third-party logistics providers are:

• Freight forwarders
• Courier companies
• Other companies integrating & offering subcontracted logistics and transportation services

The CSCMP defines 4PL as follows:

Differs from third party logistics in the following ways; 1)4PL organization is often a separate entity established as a joint venture or long-term contract between a primary client and one or more partners; 2)4PL organization acts as a single interface between the client and multiple logistics service providers; 3) All aspects (ideally) of the client’s supply chain are managed by the 4PL organization; and, 4) It is possible for a major third-party logistics provider to form a 4PL organization within its existing structure.