PHILADELPHIA, Pa., October 22, 2007 - Dr. Robert C. Lieb, Professor of Supply Chain Management at Northeastern University, and Vincent Hartnett, President - Penske Logistics, unveiled the latest findings from an annual survey of CEOs of many of the world's largest third party logistics providers at today's Council of Supply Chain Management Professionals Annual Conference in Philadelphia. The research study, conducted annually since 1994, was sponsored this year by Penske Logistics and looks at trends across three regions: North America, Europe and Asia-Pacific.
This summer, 40 CEOs - 21 from North America, nine from Europe and 10 from Asia-Pacific - responded to the survey. Findings indicate that while CEOs struggle to retain and attract new talent, face increased involvement from procurement during the selection process, and are under pressure to lower prices while increasing service offerings, many are optimistic about global expansion opportunities and the overall prospect of growth for the industry.
Key insights into the opportunities and challenges facing 3PL providers include the following:
M&A and Private Equity
Emergence of Lead Logistics Providers
Downward Pricing Pressures
Note to Editors: PDF Copies of the survey results from each region are available upon request.
Companies participating in the annual survey included: Cardinal Logistics, Caterpillar Logistics, CEVA, DHL, DSC Logistics, Genco, Geodis, Kuehne & Nagel, Landstar, Menlo Logistics, Modus Link, NYK Logistics, Panalpina, Penske Logistics, Pittsburgh Logistics, Ryder Logistics, Schneider Logistics, TNT, Transplace, UPS, UTI and YRC Logistics.
About Northeastern University's College of Business Administration
Northeastern University's College of Business Administration, established in 1922, provides its students - undergraduate, graduate and executive - with the education, tools and experience necessary to launch and accelerate successful business careers. The College credits its success to an expert faculty, close partnerships with the industry, and its emphasis on rigorous academics combined with experiential learning.
The College is highly ranked by several prestigious publications. BusinessWeek ranks the College 26th in its "Best Undergraduate B schools" and number one in internships. The College's Bachelor of Science in International Business program is ranked 16th by U.S. News & World Report. The undergraduate program is also distinguished by The Princeton Review and Entrepreneur magazine as one of the top 25 U.S. entrepreneurship programs. Financial Times ranks the College's Executive MBA program in the U.S. top 50 and U.S. News & World Report ranks the College's part-time MBA program number 21 in the country. For more information about Northeastern University's College of Business Administration, visit www.cba.neu.edu.
About Penske Logistics
Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing, a joint venture of Penske Corporation and General Electric. Penske Logistics provides supply chain management and logistics services to major industrial and consumer companies throughout the world. The company has offices and operations in North America, South America, Europe and Asia. Penske Logistics delivers value through design, planning and execution in transportation, warehousing, international forwarding and carrier management. Visit www.PenskeLogistics.com to learn more about the company and its services.