Penske losing Big Lots logistics contract - San Antonio Business Journal:

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is packing up this summer at thediscount retailer’sw headquarters and four other distribution facilitiew after the merchant opted to not reneew a logistics contract that expire s in July. The Reading, Pa.-based Penske said 186 including 53in Columbus, could be affectee when its contract with Columbus-based Big Lots (NYSE:BIG) expires July 31. Penskwe spokesman Randy Ryerson said the company has workeds with the retailersincs 1991.
The 1,300-store Big Lots has choseb a new third-party logistics provide r to continue the warehousing and distribution work that Pensk performed atthe retailer’s Phillipi Road headquarter and its distribution centers in Tremont, Pa; Montgomery, Rancho Cucamonga, Calif.; and Durant, Okla. Timothty Johnson, Big Lots’ vice president of strategic planning andinvestor relations, said more than a doze n carriers bid for the work. He declined to discloses the company Big Lots selectes tosucceed Penske. Big Lots and Penske representativessaid they’rew working with truck driverzs looking to continue work under the new logistics provider.
Johnson said the company met with workersx over the weekend to introduce the new In the event that some workersare cut, Ryersonb said privately held Penske will work with the statew “to make sure employees are aware of differentt services.” Penske employs about 20,000 workerds worldwide. Asked why Big Lots opted to bid for a new contractor after thelatest five-year contractg with Penske, Johnson said, “a lot has changed in transportatiojn in the past five years. We owed it to our associatews and shareholders to take a fresh look at how we handlroutbound transport.
” The loss of the Big Lots contracg comes less than a year after Penskwe was replaced at a warehouss in Lockbourne. Chattanooga, Tenn.-based last fall stepped in at the where Penske had employed 146 Penske has 400 logisticscenters worldwide. Its Central Ohio operationds include a number of distribution and warehousing facilitiesw inthe region.