Final answer:
Third Party Logistics indeed relate to providing services like warehousing and transportation, which are essential components of logistics and supply chain management. Hence it is TRUE.
Step-by-step explanation:
It is true that Third Party Logistics (3PL) providers offer services such as warehousing and transportation. 3PL companies are specialized in logistics and supply chain management. They provide a range of services that can include transportation, warehousing, picking and packing, inventory forecasting, order fulfillment, packaging, and freight forwarding.
Companies often outsource these tasks to a 3PL provider to focus on their core business activities. By doing so, they can also benefit from the 3PL's expertise, and potentially reduce costs and increase efficiency in their supply chain.