The supply chain management and logistics company Penske Logistics has reached an agreement to acquire Chicago-based trucking company Black Horse Carriers, Inc. The acquisition will complement to Penske Logistics existing portfolio of customers and industries within dedicated contract carriage business.
- Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing.
Black Horse Carriers is a privately held trucking company that provides services to the food and grocery, retail, bakery, dairy, CPG, manufacturing, and automotive industries.
- The company currently employs more than 4,000 people, operates a trucking fleet of more than 2,000 vehicles, and services customers from more than 90 terminals across the United States.
In Dec 2019, the Penske Logistics had successfully logged more than 10,000 over-the-road miles making multiple, daily store deliveries on dedicated routes in Southern California for a leading quick service restaurant chain using two, electric Freightliner Innovation Fleet eCascadias. The company believes it is the first truck fleet operator in the United States to achieve such a feat.
In June 2019, Penske Logistics celebrated the grand opening of its new 606,000-square-foot build to suit standard freezer/cooler distribution center in Romulus, Michigan. Penske’s new facility is responsible for bringing more than 400 new jobs to the region and was opened to serve the food distribution needs of its customer, The Kroger Co. of Michigan.
About Penske Logistics
Penske Logistics is a wholly owned subsidiary of Pennsylvania based Penske Truck Leasing. The company has operations in North America, South America, Europe and Asia. The Penske Logistics provides supply chain management and logistics services to leading companies around the world. The company involves in designing, planning and execution in transportation, warehousing and freight management.
About Penske Truck Leasing
Penske Truck Leasing Co, headquartered in Pennsylvania, United States is a joint venture of Penske Corporation, Penske Automotive Group, and Mitsui & Co. It operates as a truck rental and leasing company. The Company offers complete fleet management services, including full service leasing, logistics, truck rentals, used trucks for sale, and fleet services for utility & transit companies. Penske Corporation operats in over 3,200 locations and employs more than 56,000 people globally.