The Official Blog of Penske Transportation Solutions

Penske Logistics announced the 23 recipients of the inaugural Freight Management Trucking Carrier Awards program. The event was recently held virtually.

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Penske Logistics has added new end-to-end mobile automation tools to its freight brokerage solutions for increased shipment visibility. With the addition of the Trucker Tools load tracking solution, Penske customers, and its carrier network, are provided with intelligent smartphone and ELD solutions.

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When capacity is tight, being a shipper of choice can help shippers secure space with carriers. Capacity is tightening across the industry, and ACT Research forecasts double-digit growth in spot rates for the rest of this year and 2021, said Tim Denoyer, senior analyst at ACT Research, during a webinar on Sept. 15. Building relationships now and securing capacity can help shippers avoid the spot market.
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Growth in e-commerce, natural disasters and the flow of imports are all causing distribution networks to come out of balance, adding to capacity challenges shippers will face this fall.
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Contingency plans keep freight moving when disruptions occur and allow shippers to remain agile when challenges arise. Planning for "what if" scenarios and identifying options in advance can be especially important when capacity is tight and transportation is harder to secure. Industry analysts predict that trucking will remain in demand throughout the rest of 2020, so now is the ideal time for shippers to run through potential disruptions as well as solutions.
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Penske Logistics has released a new freight management buyer's guide to aid companies in improving their freight management capabilities. The complimentary publication will advise businesses towards making an important decision: Continue insourcing the management of their freight transportation, or whether to partially or fully outsource the function? Click here to download the guide.

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Shippers should prepare for a hectic fall as demand rises and capacity tightens.
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Penske Logistics has been honored by Eastman Chemical Company with a Special Recognition Award for assisting with domestic moves and supplying additional refrigerated capacity in a very tight market. The services that Penske provides to the company in Tennessee and South Carolina include dedicated contract carriage and inbound freight management from regional ports.

“It is quite the accomplishment to be formally recognized as one of Eastman Chemical’s most valued suppliers,” stated Jeff Jackson, Penske Logistics senior vice president of operations for the eastern region. “We enjoy having such a strong partnership with Eastman, it’s truly an honor.”

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