As a third party logistics (3PL) provider, Riverside Logistics contracts with our customers to handle their warehousing and distribution needs. Some of our customer’s products require us to be licensed not only by our own state, but also by the states we ship our customer’s products. Riverside Logistics is licensed as a wholesale distributor of prescription drugs and/or devices in Virginia and in 32 other states.
Recently, federal legislation known as the Drug Supply Chain Security Act was passed which prohibited states from regulating 3PL’s as wholesale distributors. The FDA is currently developing federal standards for licensing 3PL’s which is expected to be completed in late November 2015. Two states, California and Florida, have already developed their own license requirements for 3PL’s and Riverside Logistics has begun the process of meeting those requirements and applying for the licenses.
Riverside Logistics will continue to monitor both federal and state licensure requirements to ensure we meet the necessary requirements to provide our customers with the most efficient, cost effective services available.