4pl

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 was recently recognized with a North America Supplier award from Novelis, the world leader in aluminum rolling and recycling. As a leading provider of dedicated transportation to Novelis North America, Penske is an essential component of its closed-loop aluminum supply chain serving top automakers.

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Penske Logistics today announced it has reached an agreement to acquire Chicago-based trucking company Black Horse Carriers, Inc. Financial terms were not disclosed.

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Supply & Demand Chain Executive has launched a new award designed specifically for women leaders in the supply chain industry and Penske Logistics' own Stacy Schlachter, vice president of sales and enterprise accounts, is included on the inaugural list.

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Young professionals see working within the supply chain as an exciting career option and said there are good opportunities for advancement or promotions. The majority of respondents taking part in the 2019 Council of Supply Chain Management Professionals/Penske Logistics Young Professionals Survey, which surveyed more than 100 supply chain professionals under age 30, said they enjoy working in the supply chain and that it makes them content.

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Penske Logistics has once again been named a “Great Supply Chain Partner” by SupplyChainBrain, a leading supply chain management information resource.

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Penske Logistics was recently recognized by Novelis with a supplier excellence award for logistics solutions. Penske is a leading provider of dedicated transportation to Novelis North America and it is an integral part of its closed-loop aluminum supply chain serving top automakers.

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Fifth-Party Logistics (5PL). A company that has the ability to oversee a vast network of supply chains is known as a 5PL, or fifth-party logistics provider. An organization hires a 5PL to handle the planning, coordination, and management of all supply chain operations. 5PL providers typically employ and oversee other 3PL and 4PL businesses to handle specific duties. For example, a logistics company manages the entire supply chain on behalf of the farmer from production to delivery.

Supply chain and logistics outsourcing is rarely an easy decision for large companies to make, yet it may be an increasingly necessary step for some especially during these challenging economic times.

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