The Official Blog of Penske Transportation Solutions

Logistics

Penske Logistics has earned a place on SupplyChainBrain’s 10th annual list of 100 Great Supply Chain Partners. The list is the result of a six-month online poll in which supply chain professionals were asked to nominate vendors and service providers whose solutions have made a significant impact on their company’s efficiency, customer service and overall supply chain performance.

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Penske Logistics Europe is among the main sponsors of the Automotive Industry Day that is taking place on July 19 in German city of Thüringen.

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Penske Truck Leasing Co., L.P. (“PTL”) and its wholly owned subsidiary PTL Finance Corporation announced they have issued an aggregate of $1.1 billion of two-year and 10-year senior notes. The first series matures in 2014 and the second in 2022. The net proceeds from the sale of these notes will be used to refinance existing PTL debt.

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The good news for the trucking industry and truck fleet owners and operators is the U.S. Energy Information Administration recently revised its forecast for diesel prices down. But, if you have operated a truck fleet over the last few years you know all too well low prices just don’t seem to last. When prices snap back it hurts your bottom line. Take a strategic approach now to gain greater control over your fleet’s complete fuel management with Penske Truck Leasing’s comprehensive program. Watch this video to learn more.

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On June 26, from 1 p.m. to 4 p.m. ET, Penske will once again participate in the Milicruit online career fair.Milicruit is a website devoted to pairing U.S. military veterans with prospective employers. This particular event is open to both military veterans and military spouses. Please visit www.veteranscareerfair.com to register for the event.

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For motor carriers, fuel is the second highest budget item and for some companies it is threatening to surpass personnel costs. What’s more, diesel prices continue to inch higher and industry analysts expect fuel costs to remain volatile throughout 2012 and into 2013. Managing fuel spend is an important aspect of a fleet’s operation. Pennies on the gallon matter and with the right technology, equipment and driver behavior, carriers can better manage fuel costs and improve efficiency.

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The safety protocol Compliance, Safety, Accountability (CSA) has been undergoing several changes since it was launched in 2010, and now carriers are getting a sneak peek of substantial changes to the Carrier Safety Measurement System (SMS) of CSA that are slated to be publicly available in July.

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According to researchers at Armstrong & Associates the market for dedicated contract carriage (DCC) services continued its resurgence last year in parallel with modest improvements in the freight economy. In my view, this trend is continuing into 2012. Part of what is driving DCC demand is that shippers operating truck fleets are pressuring their logistics managers to operate fleets more profitably.

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Today, an intimate group of transportation and supply chain professionals and academics gathered at Penn State’s Great Valley Campus in Malvern, Pa., for a forum on sustainable business practices in transportation and the supply chain. The event was held in collaboration with executives from Penske Logistics and Penn State Great Valley’s Consortium for Sustainable Business Development (CSBD).

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Every June thousands of law enforcement officers partner together at 1,500 locations across North America to conduct a three-day, commercial vehicle safety enforcement and education campaign organized annually by the Commercial Vehicle Safety Alliance (CVSA).

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While their products, services and consumers vary, businesses at the Alternative Fuels Renewable Energies Council (AFREC) Sustainability Summit May 31 in Hershey, Pa., all share one common goal: to be better environmental stewards.

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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.

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Penske will be a part of tomorrow’s Milicruit online career fair.Milicruit is a website devoted to pairing U.S. military veterans with prospective employers. It will take place on Wednesday, May 23, from 1 p.m. to 4 p.m. ET. Penske human resources staff will host real-time chats with prospective associates.

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Penske Truck Leasing is among the major sponsors of the upcoming Alternative Fuels Renewable Energies Council Sustainability Summit. The event includes executives from leading private and Fortune 500 companies, where sustainability improvement efforts will be highlighted. Penske executives will also be present.

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Penske Truck Leasing Co., L.P. (“PTL”) and its wholly owned subsidiary PTL Finance Corporation today announced that they have issued an aggregate of $1.75 billion in senior notes in two equally sized tranches of notes with three- and five-year maturities. The net proceeds from the sale of the notes will be used to refinance existing PTL debt. The offering was managed by J.P. Morgan, Bank of America Merrill Lynch and Wells Fargo Securities.

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