The Official Blog of Penske Transportation Solutions

penske logistics

High temperatures and humidity can be a challenging combination bringing with them the threat of heat-related illnesses, including heat exhaustion and heat stroke.

For do-it-yourself movers and professional truck drivers alike, experts recommend taking a few precautions to help beat the summer heat.

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Supply chains are investing in technologies to accelerate resilience, agility and flexibility to better navigate current and future disruption.

LOMBARD, Ill., June 18, 2024 -- The 2024 State of Logistics Report was unveiled at the National Press Club in Washington D.C. today, with the 35th annual publication finding that U.S. supply chains pressured by global economic volatility -- including inflation, climate change and geopolitical conflicts -- are enhancing their capabilities by investing in supply chain technologies to accelerate resilience, agility and flexibility to navigate current and future disruption.

Produced annually for the Council of Supply Chain Management Professionals (CSCMP) by global consulting firm Kearney and presented by leading third-party supply chain provider Penske Logistics, the annual report offers a snapshot of the American economy via the lens of the logistics sector and its role in overall supply chains.

The report is a comprehensive compilation of leading logistics intelligence from around the world and shines a spotlight on industry trends and key insights on ever evolving supply chains across a number of sectors.

The report found that uncertainty is now a near constant in the global economy, and that the smartest way to respond to steady times is to rekindle strategic projects and gather resources to improve resilience. The global economy is expected to experience sluggish 2.5% growth across 2024, which would represent the slowest half-decade of output in 30 years. Demand has not yet fully recovered, with myriad forces at play, and new growth engines will need traction before the tide turns.

Report highlights include:

  • A notable report statistic, U.S. business logistics costs, is $2.3 trillion, which translates to 8.7% of the national GDP.
  • There are multiple reasons why demand has not yet fully recovered, chief among them are simultaneous geopolitical conflicts around the world, climate change (which has affected shipping lanes), high inflation, high interest rates, and apart from the U.S., sluggish demand.
  • As a result of the economic headwinds and geopolitical instability, the continued fragmentation of global trade is complicating supply chain transactions. There were over 1,000 U.S. freight brokers that shuttered their doors since the 2023 report was released.
  • Some of the largest manufacturers and retailers are seeking to monetize their own logistics capabilities while viewing their supply chain successes as a service to market and profit from.
  • Carriers have been plagued by high operating costs, while lackluster demand, and the capacity glut, have made it hard for them to charge the kinds of rates that would allow them to sustain rates and protect their margins.
  • Third-party logistics providers continue to work through significant challenges right now, which includes high operating and insurance costs, low freight rates, and excess capacity. Will this lead to further industry consolidation?
  • Investments in emerging technologies such as artificial intelligence, end-to-end visibility, and advanced automation are expected to drive competitive advantage and greater resilience to future disruption in the logistics sector.
  • Major global corporations have adopted rigorous environmental goals. Further government funding programs have been launched to encourage decarbonization initiatives, which indicate progress in both the public and private sector, toward higher levels of sustainability.

CSCMP President and CEO Mark Baxa brought the significance of the research to the fore: “I believe CSCMP creates the very finest and most comprehensive unbiased research with ready access to solutions supply chain leaders seek. After reading the report cover-to-cover, I encourage you to ask, ‘what’s different’, and do I understand the course of action to ensure maximum logistics success on the road ahead? Whether you are the senior leader or an entry-level analyst, you have decisions to make that will make a difference in your supply chain’s performance. The CSCMP State of Logistics Report presents powerful and timely insights that bring to life critical data and insights that will help readers develop solutions to their logistics challenges.”

Josh Brogan, Kearney partner and lead author for the State of Logistics Report: “Continued volatility drives our clients to rethink and rewire the logistics capabilities that drive their supply chains. Both shippers and carriers find that the people, processes and tools that move goods and information in global supply chains are often inadequate for their needs and require accelerated investment. The State of Logistics Report shows what is happening, where and why.”

Andy Moses, senior vice president of sales and solutions for Penske Logistics stated: “Our customers, as well as the industry, continue to face significant challenges in maintaining both a consistent and cost-effective supply chain. Investing in technologies to help improve agility and resilience will better position organizations and the industry as a whole to seamlessly navigate future disruptions. The State of Logistics Report provides an excellent explanation of what we are all currently experiencing.”

Kearney is a leading global management consulting firm. For nearly 100 years, we have been a trusted advisor to C-suites, government bodies, and nonprofit organizations. Our people make us who we are. Driven to be the difference between a big idea and making it happen, we work alongside our clients to regenerate their businesses to create a future that works for everyone. www.kearney.com

Penske Logistics is a Penske Transportation Solutions company headquartered in Reading, Pennsylvania. The company is a leading provider of innovative supply chain and logistics solutions. Penske offers solutions including dedicated transportation, distribution center management, lead logistics, freight management, transportation management, freight brokerage, and a comprehensive array of technologies to keep the world moving forward. Visit PenskeLogistics.com to learn more.

Since 1963, the Council of Supply Chain Management Professionals (CSCMP) has supported the supply chain management community through their mission to lead the supply chain profession by connecting, developing and educating the world’s supply chain management and logistics professionals throughout their careers. With more than 10,000 members globally, representing business, government, and academia from 62 countries, CSCMP members are the leading practitioners and authorities in the fields of logistics and supply chain management. To learn more, visit cscmp.org [cscmp.org]

Penske is celebrating more than 5,400 of its warehouse workers during Warehouse Associate Appreciation Week from June 9-15. Please join us in recognizing the dedicated work of our warehouse team and impact they make.

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With the official start of the Atlantic hurricane season just a month away, now is the time to get ready for potential storms, as preparation is key to keeping you and your property safe.

National Hurricane Preparedness Week, May 5-11, provides an opportunity to review your safety plans and make any changes long before a storm arrives.

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Road construction and maintenance projects are the keys to maintaining healthy roadways. Yet, these work zones can provide challenges to drivers.

New speed limits, traffic patterns and rights of way, as well as worker and vehicle movement, can all impact work zone safety.

National Work Zone Awareness Week, April 15-19, shines a spotlight on ways drivers can keep themselves as well as work zone workers safe.

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For millions of drivers – including many Penske DIY movers and professional truck drivers, anticipation is building for Monday’s first visible total solar eclipse in the U.S. in seven years.

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Reading, Pa., March 8, 2024Penske Logistics is pleased to announce that Amy Ilyes, vice president of Logistics Engineering has been honored with the 2024 Pros to Know Award by Supply & Demand Chain Executive. This recognition is in the Lifetime Achievement category.

Supply & Demand Chain Executive, a leading publication covering the global supply chain, acknowledges individuals for their outstanding contributions to supply chain management. Amy Ilyes’ acknowledgment highlights her significant impact on the industry.

Throughout her career, Ilyes has demonstrated a commitment to excellence and innovation within supply chain management. Her leadership roles and contributions have led to notable advancements and improvements in operational efficiency, customer satisfaction and strategic decision-making within Penske Logistics.

“This achievement is a testament to her unwavering dedication and exceptional leadership – not only raising the bar for Penske Logistics, Amy also sets a benchmark for the overall industry,” said Andy Moses, senior vice president of sales and solutions for Penske Logistics. “Her expertise and hard work are truly commendable.”

Looking ahead, Amy aims to leverage data analytics and machine learning techniques to further enhance decision-making while fostering innovation and sustainability.

The Lifetime Achievement category honors company leaders who’ve made outstanding contributions to the supply chain space and have at least 10 years’ documented experience in supply chain and logistics. Recipients of the award, including Amy, will be featured in Supply & Demand Chain Executive's March 2024 issue, providing insights into their achievements and contributions to the field.

Penske Logistics is a Penske Transportation Solutions company headquartered in Reading, Pennsylvania. The company is a leading provider of innovative supply chain and logistics solutions. Penske offers solutions including dedicated transportation, distribution center management, lead logistics, freight management, transportation management, freight brokerage, and a comprehensive array of technologies to keep the world moving forward. Visit PenskeLogistics.com to learn more.

Penske Logistics is pleased to announce that Amy Ilyes, vice president of Logistics Engineering has been honored with the 2024 Pros to Know Award by Supply & Demand Chain Executive. This recognition is in the Lifetime Achievement category.

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A new year can bring several unknowns, especially in transportation and logistics, which are navigating increased volatility and operational pressures. To help those within the industry prepare for the year ahead, we sat down with several industry experts to get their thoughts on capacity, operations, sustainability and how to prepare for 2024.

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Penske Logistics professional truck driver Tom Warters is one of 36 finalists for the American Trucking Associations (ATA) America’s Road Team. PJ Singh is nearing completion of his two-year team representing Penske. America’s Road Team, a group of professional truck drivers with superior safety records, was created in 1986 to represent the trucking industry.

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Supply chain management is often regarded as a dynamic and ever-evolving industry, but what's the perspective of the young professionals entering this field?

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Penske Logistics has recently received the 2023 Cross Dock Award from Toyota North America at Toyota’s Annual Supplier Conference in Grapevine, Texas. Penske received this award for its highly rated service, unwavering commitment to safety and dedication to innovative Kaizen ideas.

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As National Trucking Week (Sept. 3-9) celebrations come to a close in Canada, Penske continues celebrating our drivers – this time those based in the U.S. – with National Truck Driver Appreciation Week, Sept. 10-16.

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With Hurricane Idalia expected to make landfall Wednesday in Florida, fleet operators are encouraged to take steps now to brace for the storm’s impact.

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Global volatility has continued to disrupt supply chains, and flexibility, efficiency and resilience are vital for companies throughout the logistics sector. Third-party logistics providers have played increasingly significant roles with shippers, providing data management, visibility and analytics that are helping to transform supply chain networks.

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Penske celebrates Warehouse Associate Appreciation Week from June 11-17. Please join us in recognizing the dedication and commitment of more than 5,000 Penske warehouse associates who keep the world moving forward.

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Penske Logistics is ramping up its freight brokerage capabilities this year with increased hiring and the opening of two new locations in the United States. Penske has introduced new offices in Chicago and Edison, New Jersey.

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With a month until the official start of the Atlantic hurricane season, now is the time to get ready for potential storms, as preparation is key to keeping you and your property safe.

National Hurricane Preparedness Week, April 30 – May 6, provides an opportunity to review your safety plans and make any changes long before a storm arrives.

[Read more...]Show less

Road construction and maintenance projects are the keys to maintaining the health of the nation’s highways. Yet, these work zones can provide challenges to drivers and road workers alike. New speed limits, traffic patterns and rights of way, as well as worker and vehicle movement, can all impact work zone safety, putting drivers and workers at risk.

[Read more...]Show less

The Women in Trucking Association (WIT) has named Christiane Meyer, director of strategic accounts for Penske Logistics, to its 2023 list of Top Women to Watch in Transportation. This prestigious list recognizes top performers who go the extra mile to advance gender diversity in transportation.

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