READING, Pa., May 12, 2008 - Today, Penske Logistics announced it has begun a transition to manage the dedicated fleet for Cardinal Health's medical supply chain business.
As a part of the agreement, Cardinal Health will outsource the management of its dedicated truck fleet to Penske Logistics. This involves transitioning approximately 700 of Cardinal Health's truck drivers and related transportation support staff across North America to become direct employees of Penske Logistics.
Penske intends to hire all the employees and is collaborating with Cardinal Health to ensure the transition for the employees is as smooth as possible. The agreement was announced to employees at Cardinal Health March 1 and employees were transitioned to Penske Logistics effective May 1.
"We are very pleased to be working with Cardinal Health and we welcome these new associates to our organization as highly valued members of the Penske team," said Vincent Hartnett, President - Penske Logistics. "We are working to ensure the transition is seamless for Cardinal Health's customers, as these drivers will continue to serve their normal routes with the same dedication to service."
Through its focus and expertise in managing transportation and logistics, people, processes, and technologies, Penske Logistics will also assist in the continuous optimization of service levels and overall supply chain performance.
Headquartered in Reading, Pa., Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing. With operations in North America, South America, Europe and Asia, Penske Logistics provides supply chain management and logistics services to major industrial and consumer companies throughout the world. Penske Logistics delivers value through design, planning and execution in transportation, warehousing, international forwarding and carrier management. Visit www.PenskeLogistics.com to learn more.