Penske Logistics Reaches Agreement to Acquire Transfreight N. A.

PL stock photo Penske Logistics announced it has reached an agreement to acquire Transfreight North America, a provider of third-party logistics and supply chain solutions, from Mitsui & Co., Ltd. Financial terms were not disclosed. [Read more…]

Penske Logistics Presents 2015 3PL Study SupplyChainBrain Webcast

LogisticsPenske Logistics is sponsoring an April 2 SupplyChainBrain webcast that will highlight key components of the 2015 Third-Party Logistics Study: The State of Logistics Outsourcing (complimentary copies available at www.3PLStudy.com). Here is the registration link; it begins at 1 p.m. ET/noon CT/10 a.m. PT. [Read more…]

Penske Truck Leasing Welcomes Mitsui as New Investor

Penske Truck Leasing Global HeadquartersPenske Truck Leasing Co., L.P. (“PTL”) today announced that Tokyo-based Mitsui & Co., Ltd. (“Mitsui”) has acquired a 20.0% limited partnership interest in PTL from General Electric Capital Corporation (“GECC”). Following Mitsui’s investment, GECC will continue to own a 29.9% limited partnership interest. The transaction will not have any impact on Penske Corporation’s management and control of the company as it will continue to own a 50.1% interest in PTL and control the General Partner. [Read more…]

Penske Logistics Discusses Supply Chain Technology on Webcast

supermarket stock photoTom McKenna, senior vice president of logistics engineering and technology for Penske Logistics, will be a speaker on a March 18 Food Logistics webcast, 3PLs (Third-Party Logistics Providers). The complimentary event begins at 1 p.m. ET/noon CT/10 a.m. PT. Click here to register. [Read more…]

Penske Truck Leasing Starts New National Ad Campaign (Videos)

Revised logosPenske Truck Leasing is “tipping off” a new ad campaign this month starting with ESPN.com during college basketball’s biggest month. The new campaign aims to highlight the breadth of the brand’s service offering to businesses and consumers in a unique and entertaining way. [Read more…]

Selecting the Right Dedicated Contract Carriage Provider

Penske-DedicatedWhen shippers are seeking to turn over a substantial portion of their transportation to a dedicated contract carriage provider, there some vital components that the dedicated carrier needs to possess. I will outline a few of them here. [Read more…]

Are Supply Chain Executives Ready for Growth?

Growth ahead sign stock imageThe U.S. economic climate is on the rise. Growth is top priority in the C-Suite. Need evidence? You don’t have to look far. The gross domestic product just posted its best back-to-back quarters in a decade; freight is up; truck orders are up; and consumers are feeling good about their job prospects once again. [Read more…]

Penske Logistics’ Neil Kirk Named ATA America’s Road Team Captain

PL Neil Kirk ATA Road Team Captain Group PhotoThe popular phrase “third time’s the charm” doesn’t apply to Penske Logistics truck driver Neil Kirk after he was named a captain of the American Trucking Associations 2015-2016 America’s Road Team on his second attempt. The announcement was made last night at a Capitol Hill event in Washington, D.C. [Read more…]

Penske Appeals to Supreme Court Over Truck Driver Rules

Today, Penske Logistics filed a petition seeking to have the United States Supreme Court review the Ninth Circuit Court of Appeals decision in the matter of Dilts et al. v. Penske Logistics LLC and Penske Truck Leasing Co., L.P.

The crux of the case is whether a long-standing federal transportation law that seeks to promote lower rates and better service by ensuring that rates and services are determined by competitive market forces rather than a patchwork of varying state laws preempts California’s state laws requiring mandatory meal and rest breaks. [Read more…]

Penske Associates Help Families Enjoy Thanksgiving

Adopt A FamilyPenske Truck Leasing and Penske Logistics associates banded together to donate hundreds of boxes of food to the Salvation Army of Reading that will benefit Berks County, Pa. families in need this Thanksgiving. In all, 105 families were provided with the makings of a traditional Thanksgiving meal from the turkey down to the dessert. Each family, on average, received four full boxes of donations, depending on the family size. [Read more…]