Penske Logistics has extended their dedicated carriage services contract with Cardinal Health. As part of this agreement, Penske Logistics continues to provide truck drivers, trucks and helps optimize the hospital delivery routes for Cardinal Health's medical segment.
Financial terms were not disclosed. Cardinal Health, whose headquarters are in Dublin, Ohio, is currently listed 21st on the Fortune 500 list.
"We’re very pleased to continue our close collaboration with Cardinal Health," stated Dennis Abruzzi, senior vice president, east region for Penske Logistics. “Our top priority remains ensuring the continued safe, reliable delivery of their medical products.”
To read the 2008 announcement between the two companies, click here.
“Penske is a leader in the logistics space and has an impressive track record with a variety of high-touch, time-critical industries, including health care,” said Mike Duffy, executive vice president, global manufacturing and supply chain at Cardinal Health. “They’ve been reliable in helping us to deliver consistent service, deploy best practices and continuously improve our customer experience, so we’re pleased to extend our longstanding partnership.”
By "Move Ahead" Staff
Innovative Concept Helps the Environment
“Simply excellent” were the words the European Logistics Association’s judges used to describe the project. “Redesigning a spare parts supply chain is not an easy task, but combining this with the acquisition of other brands to be included in the logistics network in Europe is a true challenge. This supply chain is particularly complex, due to the high number of unique items to be managed, the heterogeneity of those items, and the extremely short lead times that dealers require. The industrywide cooperation makes the Network Integrator a state-of-the-art example. This excellent concept produces excellent results in cost reduction, increased customer service and advantages for the planet through deep collaboration. On top of that it delivers several exemplary models for the future,” the case study judges wrote.
Spare parts logistics has become more challenging for the automotive industry in Europe due to the increasing number of spare parts as a result of increased vehicle complexity. Ford collaborated with Penske Logistics and co-developed the Network Integrator concept into a best-in-class model in industry collaboration.
“Our goal is to continue expanding the concept and encourage other companies of the automotive industry to join the Network, and further leverage economies of scale – to the benefit of each partner participating in the Network and to the environment," Damerow continued. "Last but not least, the customer benefits as well, as we can provide the highest service level through a stable network."