US shippers’ acute need for truck capacity is driving activity in the dedicated contract carriage market, including Penske Logistics’ acquisition of Black Horse Carriers.
Penske Logistics Inc.
Penske Logistics Inc.
Penske Logistics Inc. news and analysis. Get the latest news about Penske Logistics Inc. and international logistics industry.
10 Mar 2020
Large US truckload carriers that engaged in mergers and acquisitions and expanded specialized services like dedicated trucking fared much better in 2019 than those that relied more on traditional dry-van business, according to JOC's 2020 Top 25 US Truckload Carrier Rankings, prepared by SJ Consulting Group.
22 Apr 2019
The 50 largest US trucking operators grabbed a larger share of the market, while smaller carriers raised the bar in terms of revenue growth last year thanks to the strongest freight market since the 2009 recession.
20 Apr 2019
Although the e-commerce giant doesn't describe itself as a third-party logistics provider (3PL), Amazon has surpassed major global players such as DHL and Kuehne + Nagel in 3PL revenue.
26 Feb 2019
Double-digit revenue increases may be more difficult to come by this year than in 2018, but profits and acquisitions are expected to fuel the fastest-growing truckload and LTL companies.
20 Jun 2017
Total US business logistics costs dropped in 2016 for the first time in seven years, the 2017 State of Logistics Report says. Are they poised to bounce back?
03 Mar 2017
Dedicated trucking prevents deeper revenue decline at the Top 25 Truckload Carriers.
24 Mar 2015
Japanese trading giant Mitsui & Co. has signed an agreement to sell Transfreight North America, its wholly owned U.S. logistics subsidiary, to Penske Logistics for an undisclosed sum.
22 Sep 2014
Near-shoring of manufacturing from China to Mexico, tight U.S. transportation capacity and competition from Amazon as a logistics provider were prominent topics in an annual survey of 27 third-party logistics CEOs sponsored by Penske Logistics and released today.
12 Feb 2014
Shippers must be more proactive to mitigate rate increases, meet truck capacity and supply chain challenges in 2014, says Andy Moses, senior vice president of global products at Penske Logistics.
02 Oct 2012
13 Jun 2012
13 Feb 2012
The IT capabilities shippers value most are directly related to execution-oriented activities and processes such as transportation, warehouse/DC management, electronic data interchange and visibility.