Penske Logistics
Reading, PA
Vince Hartnett, President
800-221-3040
www.penskelogistics.com

3PL Turnover:

$2.9b           Parent:  $4b

Service Area:

Tier 1 – Global Supply Chain Manager – Major Markets

3PL Assets:

9,426 employees
149 warehouses
2,094 tractors, 6,260 trailers

Information Systems:

Very good
TMS – i2 Technologies, Proprietary--LMS
WMS – Infor/EXE, RT Systems, MARC, Proprietary

Services:

Lead logistics provider, dedicated contract carriage, transportation management, supply chain consulting, warehousing and distribution, equipment leasing, global freight management

Industry Focus/Key Customers:

Automotive and truck, consumer goods, diversified manufacturing, electronics, healthcare, retail, technology
Key Customers:  Archer Daniels Midland, BMW, Bombardier, Continental Tire, DaimlerChrysler, DSM, Cardinal Health, Eaton, Emerson, Ford, General Electric, General Motors, International Truck and Engine, Key Safety Systems

Armstrong & Associates’ Evaluation:

Penske Logistics is a major automotive logistics player. It is Ford’s lead logistics provider and provides significant services for General Motors, DaimlerChrysler and tier-one suppliers. Penske Logistics is one of five major automotive 3PLs with over $400 million per year in revenues in this segment. Penske Logistics is a master of inbound supply chain management, cross-docking, sequencing, dedicated contract carriage and just-in-time support. Penske Logistics has made significant strides in leveraging its automotive experience to other verticals. Major wins include: Steelcase, PPG, Wawa, Mission Foods, Samsung, Sony, Merck, Eaton and Emerson. Penske recently landed a major deal with Cardinal Health involving 700 trucks in DCC. Mexican and Brazilian operations are particularly strong. European business continues to grow and gain in a much tougher market. Penske Logistics recently opened a Shanghai, China branch to broaden its global network. It has expanded operations in India.