Penske Logistics was recently recognized by Novelis with a supplier excellence award for logistics solutions. Penske is a leading provider of dedicated transportation to Novelis North America and it is an integral part of its closed-loop aluminum supply chain serving top automakers.
Penske Logistics has earned repeat entry onto the Inbound Logistics magazine 2018 Top 100 Trucker list. Nearly 300 carriers submitted information for consideration.
Spring is just around the corner, and 2018 is already shaping up to be a memorable year in trucking. Attending the Stifel Conference in February, I had the opportunity to hear several seasoned industry executives express that they had never seen a January like this past January in their entire careers. The general sentiment was: “If this is what January was like – I can’t imagine spring and summer.” This is when freight markets traditionally pick up more steam.
The current state of the trucking industry is putting shippers across the country in a bind – leaving them with fluctuating rates for freight transportation and a shortage of drivers. Several factors have driven high demand for trucks, including the hurricane relief efforts in Florida and Texas, severe winter storms, higher holiday freight volumes, new driver regulations for electronic logging devices (ELDs) and an overall increase in economic activity.
As a mode of transportation (when compared with private truck fleets or the use of common carriers) dedicated contract carriage is still a relatively new choice for shippers. But it has been nearly 40 years since the Interstate Commerce Commission deregulated the trucking industry, and given the inevitable evolution in markets, I’d say DCC is coming of age.