3pl

Penske has tips and resources available to help truck fleet operators prepare for a hurricane and guidance on where to go in the event you need assistance after the storm.

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Penske is celebrating more than 5,400 of its warehouse workers during Warehouse Associate Appreciation Week from June 9-15. Please join us in recognizing the dedicated work of our warehouse team and impact they make.

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Third-party logistics providers are now leasing more warehousing space than any other sector amid growing demand for 3PL services. CBRE's 2023 North America Industrial Big Box report found that 3PLs accounted for 41% of all lease transactions at traditional warehouses and distribution centers, with at least 200,000 square feet in 2022, surpassing retailers and wholesalers for the first time on record.

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Penske celebrates Warehouse Associate Appreciation Week from June 11-17. Please join us in recognizing the dedication and commitment of more than 5,000 Penske warehouse associates who keep the world moving forward.

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The supply chain is increasingly complex and demanding, and there is no one-size-fits-all solution for moving freight. In today’s demanding freight environment, shippers are turning to a range of solutions to get the efficiency and agility they need at the optimal price point. Third-party solutions can complement shippers’ in-house capabilities or even other providers if companies source multiple partners.

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Penske Logistics has released a new guide to warehouse planning to aid companies in evaluating and determining the ideal warehouse strategy for their business.

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Penske Logistics’ warehouse associates play an important role to help keep our supply chains – and world – moving.

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Penske Logistics’ work in the automotive sector has been recognized by long-time customer General Motors, with a pair of 2021 Supplier of the Year awards, at GM’s recent Phoenix awards ceremony. Penske took home the hardware in the Lead Logistics Provider (LLP) category for services provided in Mexico, and for Dedicated Delivery Service (DDS) efforts to transport service parts to GM dealerships in the United States.

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Third-party logistics (3PL) providers oversee the outsourced third-party logistics and related services for a company. Responsibilities of a 3PL provider include negotiating competitive freight rates to minimize costly supply chain disruptions, ensuring freight networks run to maximum efficiency, generating customized freight management plans, decreasing cost while increasing efficiency, facilitating supply chain optimization, creating increased value and more. Growth in this field has led to a significantly larger range of service offerings available to shippers and customers.

Third-party logistics (3PL) refers to the process of a company outsourcing some or most of its supply chain, often including domestic or international transportation, warehousing, inventory storage or management, freight forwarding, customs brokerage, or other secondary services such as storage, packing or fulfillment. 3PL benefits include the ability to hire an expert in the field to manage shipping operations – someone who has worked to build industry relationships and knows the ins and outs of supply chains – ensuring efficiency and cost savings.

Penske Logistics celebrated 22 winners virtually today during its second annual Freight Management Carrier Awards program. Category winners were selected from among Penske's expansive base of trucking carriers operating within its freight management operations. There are several award qualifications: A Penske Logistics enterprise scorecard combined with customer, operations and sourcing feedback.

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Young professionals are seeking out roles in the supply chain to help make a difference, take advantage of a variety of opportunities, and experience the fast pace and challenges of keeping supply chains running on time.

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Resilience, innovation and a focus on strategic relationships are helping logisticians navigate challenging conditions that started last year and continue to disrupt supply chains globally.

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Shippers and their third-party logistics providers are working together to navigate fluctuating demand, capacity problems and uncertainties in the market. The majority of both groups report that their relationships are successful.

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The Commercial Vehicle Safety Alliance (CVSA) has teamed up with roadside inspectors across North America to promote brake health and safety.

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Penske Logistics has added three industry honors to its list of recognitions during the month of August. Logistics Management has recognized the company's transportation management and warehousing solutions, while SupplyChainBrain has added Penske to its 100 Great Supply Chain Partners listing.

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Logisticians have a history of rising to the occasion in the face of hardship, and third-party logistics providers worked throughout 2020 to respond to supply chain disruptions, addressing unexpected challenges while driving efficiency and innovation.

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A continued increase in demand coupled with carrier constraints and a driver shortage has strained capacity, and carriers are getting more selective with the freight they will haul. The current situation is worse than the last extraordinarily tight market the industry faced in 2018, and it is expected to last through the end of the year.

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Powered industrial trucks – such as clamp trucks, electric power jacks and forklifts, play a central role in helping to move millions of pounds of freight each year across the global supply chain.

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