third party logistics

Penske Logistics is ramping up its freight brokerage capabilities this year with increased hiring and the opening of two new locations in the United States. Penske has introduced new offices in Chicago and Edison, New Jersey.

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While the past year has brought some stability back to selected areas of the supply chain, global businesses continue to face volatility and uncertainty. Even supply chains that are well-equipped with talent, technologies, and financial resources have experienced significant challenges, and the quality of relationships between third-party logistics providers, and shippers, is a vital component of overall supply chain success.

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In today’s world, nearly every aspect of daily life is made possible because a truck driver delivered the goods and resources people need. And as our world faced unprecedented challenges throughout the coronavirus pandemic, it was our resilient and committed truck drivers who kept our businesses, grocery stories and hospitals stocked with the essential items needed to keep us safe.

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As the world faced unprecedented and uncertain times over the past two years, truck drivers helped hospitals, medical offices and stores stay stocked with the essentials needed to stay healthy and safe.
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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.

Professional truck drivers have faced the challenges of the pandemic with strength and resilience as they worked to keep the global supply chain moving.

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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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Mark your calendars for June 24 – the date that the 2021 edition of the Council of Supply Chain Management Professionals (CSCMP) State of Logistics Report will be released. Presented by Penske Logistics, and researched and prepared by Kearney, it will be launched virtually. Click here to register.

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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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Penske Logistics was named Fiat Chrysler Automobiles (FCA) Supplier of the Year in the Logistics Services Suppliers category during the virtual 2020 North America Annual Supplier Conference and Awards program held on October 23.

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With Tropical Storm Zeta expected to strengthen to a hurricane before striking the Gulf Coast, truck fleet operators are encouraged to take steps now to brace for the storm's impact.

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Penske Logistics announced it was awarded a new contract with BMW Manufacturing Co., for Lead Logistics Provider (LLP) services at the South Carolina plant.

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Penske Logistics has released a new freight management buyer's guide to aid companies in improving their freight management capabilities. The complimentary publication will advise businesses towards making an important decision: Continue insourcing the management of their freight transportation, or whether to partially or fully outsource the function? Click here to download the guide.

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The 2021 25th Annual Third-Party Logistics Study shows that shippers and their third-party logistics providers are working together to create positive relationships as well as a competitive advantage. Additionally, shippers have high expectations of what they need from logistics providers, and 3PLs are responding with increased technological and digital capabilities, improved service levels and greater efficiency.

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Market demands brought on by COVID-19 are creating new challenges, and opportunities, for third-party logistics providers and the shippers that rely on them as they work to meet increasing customer expectations and minimize supply chain disruptions.

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Penske Logistics today announced that it has earned the Cold Carrier Certification, the first certification of its kind focused on excellence in refrigerated transportation through the Global Cold Chain Alliance (GCCA), a trade association for the cold chain industry working to grow the industry and lead the cold chain.

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Increased consumer demand for food and other goods during the coronavirus pandemic has forced retailers to turn to warehouses – and warehouse associates – to help replenish store shelves.

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