We hear a lot about how consumers' changing lifestyles and shopping habits are impacting retail supply chains in areas like demand planning and inventory management. Much less is said, however, regarding the impact of these trends at the very end of the supply chain, where professional drivers deliver the last mile.
Consumer demand for more fresh, ready-to-eat products is driving development of new replenishment models based on smaller, more-frequent deliveries, versatile truck drivers and the latest temperature-controlled trailer technology.
CEOs of third-party logistics services providers are confident about the current state and future revenue growth potential of both their companies and the regional 3PL industries.
In 2014, the supply chain industry experienced its best year since the Great Recession, according to the State of the Logistics Report issued annually by the Council of Supply Chain Management Professionals and sponsored by Penske Logistics.
Penske Logistics has reached agreement to acquire Transfreight North America, a provider of third-party logistics and supply-chain services, from Mitsui & Co., Ltd.
Andy Moses, senior vice president of global products with Penske Logistics, talks about the growing popularity of dedicated contract carriage - and offers a frank appraisal of the challenges that shippers and carriers face in today's uncertain economy.
Penske Logistics has filed a petition seeking to have the United States Supreme Court review the Ninth Circuit Court of Appeals decision in the matter of Dilts et al. v. Penske Logistics LLC and Penske Truck Leasing Co., L.P.
Penske Logistics has joined CargoNet, a national database that aims to prevent cargo theft and improve recovery rates through the sharing of information among theft victims, their business partners and law-enforcement officials.
Despite a slow economy, North American CEOs have their sights set on growth, expecting their companies to increase revenues by an average of 14.6 percent over the next three years, according to the 20th Annual Survey of Third-Party Logistics Provider CEOs.
I don't know anyone who would argue with the assertion that supply chain operations must be highly dynamic and adaptable in order to succeed in today's fast-changing markets. Why is it, then, that pricing of transportation and other supply chain services remains a largely static process, based on annual bids and static routing guides that can never do more than reflect a single snapshot in time of a company's freight volumes and flows?
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