Penske Corporation

Penske Logistics First To Successfully Implement Blue Yonder’s Yard Management Solution

Retrieved on: 
Tuesday, February 27, 2024

In an effort to gain more visibility and control in the warehouse yard, Penske Logistics , a leading provider of innovative supply chain and logistics solutions, has successfully implemented the Blue Yonder Yard Management solution – the first such implementation of Blue Yonder’s newest Supply Chain Execution solution .

Key Points: 
  • In an effort to gain more visibility and control in the warehouse yard, Penske Logistics , a leading provider of innovative supply chain and logistics solutions, has successfully implemented the Blue Yonder Yard Management solution – the first such implementation of Blue Yonder’s newest Supply Chain Execution solution .
  • Penske has successfully implemented the Yard Management solution at one warehouse site and is looking to expand into further locations in 2024.
  • With Blue Yonder, Penske Logistics has been able to:
    Utilize camera/computer vision technology and machine learning (ML) tied into the Yard Management solution to automatically check-in and identify trailers to know what shipments are in the yard and where the trailer or container is parked.
  • “Penske Logistics has truly shown their innovation by being the first customer to fully implement our new Yard Management solution.

Amy Ilyes Receives 2024 Pros to Know Award from Supply & Demand Chain Executive

Retrieved on: 
Friday, March 8, 2024

READING, Pa., March 8, 2024 /PRNewswire/ -- 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.

Key Points: 
  • READING, Pa., March 8, 2024 /PRNewswire/ -- 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.
  • Supply & Demand Chain Executive, a leading publication covering the global supply chain, acknowledges individuals for their outstanding contributions to supply chain management.
  • Throughout her career, Ilyes has demonstrated a commitment to excellence and innovation within supply chain management.
  • 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.

United Service Organizations (USO) and Universal Technical Institute partner to support military service members' career transitions

Retrieved on: 
Wednesday, February 28, 2024

WASHINGTON and PHOENIX, Feb. 28, 2024 /PRNewswire/ -- United Service Organizations (USO) and Universal Technical Institute today announced a partnership to support military service members with their transition to civilian life. The collaboration will focus on offering specialized training programs and resources for careers in the transportation, skilled trades and energy industries.

Key Points: 
  • WASHINGTON and PHOENIX, Feb. 28, 2024 /PRNewswire/ -- United Service Organizations (USO) and Universal Technical Institute today announced a partnership to support military service members with their transition to civilian life.
  • "We are proud to join forces with Universal Technical Institute to support those who dedicate their lives to serving our nation," said Lisa Elswick, vice president, USO Transition Programs.
  • Added Tracy Lorenz, president of Universal Technical Institute, "Universal Technical Institute has a long history of providing educational opportunities to help service members prepare to begin new careers.
  • In addition, USO and Universal Technical Institute will work together to connect service members, reservists and dependents with Department of Defense SkillBridge and Career Skills programs.

BorgWarner Presents Josef Newgarden and Roger Penske with Coveted Baby Borg Trophies

Retrieved on: 
Wednesday, January 24, 2024

AUBURN HILLS, Mich., Jan. 24, 2024 /PRNewswire/ -- BorgWarner presented Josef Newgarden with his very own Baby Borg, officially named the BorgWarner Championship Driver's Trophy™, last night during an awards ceremony at the Henry Ford Museum of American Innovation in Dearborn, Michigan.

Key Points: 
  • AUBURN HILLS, Mich., Jan. 24, 2024 /PRNewswire/ -- BorgWarner presented Josef Newgarden with his very own Baby Borg, officially named the BorgWarner Championship Driver's Trophy™, last night during an awards ceremony at the Henry Ford Museum of American Innovation in Dearborn, Michigan.
  • "Awarding the Baby Borg to each year's Indianapolis 500 winner is a tradition we started in 1988 and one we look forward to following every racing season," said Frédéric Lissalde, President and Chief Executive Officer, BorgWarner.
  • "From drinking the milk and seeing my face on the Borg-Warner Trophy to now accepting my Baby Borg alongside Roger Penske, it has all been better than I ever imagined.
  • "It takes a total team effort to win the Indianapolis 500 and it is my honor to receive our team's 19th Baby Borg trophy on behalf of all the hard-working men and women at Team Penske," said Penske.

Ryan Specialty Appoints to Its Board of Directors Pat Ryan, Jr., CEO of Incisent Labs Group, and Announces William Devers’ Retirement

Retrieved on: 
Tuesday, January 2, 2024

“Bill Devers has been on the Board of Ryan Specialty since 2013 and has been a trusted advisor, colleague and friend over the years.

Key Points: 
  • “Bill Devers has been on the Board of Ryan Specialty since 2013 and has been a trusted advisor, colleague and friend over the years.
  • We thank Bill for his time and advice that has been so instrumental in guiding Ryan Specialty these past 11 years,” said Patrick G. Ryan, Chairman of the Board of Directors.
  • Concurrently, Pat Ryan, Jr. has been appointed to Ryan Specialty’s Board of Directors, effective January 1, 2024.
  • “We are very excited to welcome Pat to Ryan Specialty’s Board of Directors,” said Patrick G. Ryan.

CarMax Introduces its First All-Electric Semi-Truck into Logistics Fleet

Retrieved on: 
Tuesday, December 12, 2023

CarMax is testing the all-electric semi-truck in real-world conditions and its Stockton, California store will serve as the region's hub for fast-charging the vehicle with a Level 3 charging station.

Key Points: 
  • CarMax is testing the all-electric semi-truck in real-world conditions and its Stockton, California store will serve as the region's hub for fast-charging the vehicle with a Level 3 charging station.
  • “We are excited to test the efficiencies of the all-electric semi-truck within our transportation fleet and to see how this vehicle can support our overall sustainability efforts,” said Matt Aman, vice president of Logistics at CarMax.
  • As CarMax strives to achieve its emissions goals, the company is working closely with its partners and providers to explore technologies that support sustainability efforts.
  • For more information on CarMax and its commitment to reducing its carbon footprint, visit https://socialresponsibility.carmax.com/ .

Detroit Sports Commission, Visit Detroit Mark 150 Days Until 2024 NFL Draft

Retrieved on: 
Monday, November 27, 2023

DETROIT, Nov. 27, 2023 (GLOBE NEWSWIRE) -- In 150 days, the 2024 NFL Draft Presented by Bud Light will bring free football fun for all and unprecedented national and global media attention to the city of Detroit.

Key Points: 
  • DETROIT, Nov. 27, 2023 (GLOBE NEWSWIRE) -- In 150 days, the 2024 NFL Draft Presented by Bud Light will bring free football fun for all and unprecedented national and global media attention to the city of Detroit.
  • “The 2024 NFL Draft will highlight all that makes Detroit and Southeast Michigan a great place to live, work, invest, and visit,” said organizing co-chair and Visit Detroit President and CEO Claude Molinari.
  • "We are so thrilled to connect the NFL Draft to our city center,” said Detroit Mayor Mike Duggan.
  • Fans can go to visitdetroit.com/2024NFLDraft to learn more about the Draft and also download the NFL OnePass app to make the most of attending and participating in Draft events in Detroit.

Auto Dealership Buy/Sell Market Hits New High, On Track for Record Year as Dealerships Focus on Expansion through Acquisitions

Retrieved on: 
Monday, December 18, 2023

As a result, dealership valuations remain near peak levels in 2023, on average about two times pre-pandemic values, although slightly lower than 2022.

Key Points: 
  • As a result, dealership valuations remain near peak levels in 2023, on average about two times pre-pandemic values, although slightly lower than 2022.
  • “It is important to keep in mind that dealership valuations do not rise and fall in lockstep with industry earnings.
  • “In an evolving auto retail environment, dealers are facing a crossroads to either grow their enterprise or exit,” continued Kerrigan.
  • The Kerrigan Auto Retail Index is designed to track dealership valuation trends, while also providing key insights into factors influencing auto retail.

Penske Logistics Appoints Industry Veteran Jeff Jackson as New President

Retrieved on: 
Thursday, December 14, 2023

READING, Pa., Dec. 14, 2023 /PRNewswire/ -- Penske Logistics today announced the appointment of Jeff Jackson as its new President in advance of the planned retirement of Marc Althen.

Key Points: 
  • READING, Pa., Dec. 14, 2023 /PRNewswire/ -- Penske Logistics today announced the appointment of Jeff Jackson as its new President in advance of the planned retirement of Marc Althen.
  • Jackson is a longtime Penske leader with more than 28 years of experience in the transportation industry.
  • "We're very pleased to have such an experienced operations leader like Jeff at the helm of our logistics business," said Brian Hard, President of Penske Transportation Solutions.
  • Throughout his career, Jeff Jackson has held numerous operations management and leadership roles with Penske Logistics as Executive Vice President of Operations – Dedicated Contract Carriage (DCC), Senior Vice President of Operations – DCC and SVP, Operations of the Eastern Region as well as prior roles within Penske Truck Leasing including Area Vice President – Northeast, and District Manager in Tampa and Memphis.

The 2023 Penske Logistics Freight Management Carrier Award Winners Are Announced

Retrieved on: 
Wednesday, December 13, 2023

Penske Logistics has more than $7.4 billion in freight under management.

Key Points: 
  • Penske Logistics has more than $7.4 billion in freight under management.
  • Penske provides freight management and brokerage solutions to help manage transportation networks, and handle seasonal needs, capacity surges and challenging lanes.
  • Penske Logistics is a Penske Transportation Solutions company headquartered in Reading, Pennsylvania.
  • 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.