Penske Logistics wins business with Ford
Ford Motor Company has selected the logistics provider Penske Logistics at its Dearborn Truck Plant in Dearborn, Michigan, where the popular F-Series t...
Ford Motor Company has selected the logistics provider Penske Logistics at its Dearborn Truck Plant in Dearborn, Michigan, where the popular F-Series trucks are assembled.
The company will provide manufacturing support services for Ford, including sequencing, metering, repack, small-lot and container management services.
Penske Logistics President, Vince Hartnett, said of the agreement: “Ford Motor Company is a longstanding and valued customer.
“We’re pleased to service their needs in this new capacity,” he added.
Penske Logistics is a strategic supplier to Ford and is part of its Aligned Business Framework. The company performs lead logistics, as well as manufacturing support, dealer delivery, in-plant, material handling, warehouse and transportation management services across Ford product lines in the U.S., Canada, UK and Brazil.
A wholly owned subsidiary of Penske Truck Leasing, Penske Logistics provides supply chain management and logistics services to major industrial and consumer companies worldwide.
The company has operations in North America, South America, Europe and Asia.
Based in Dearborn, Michigan, Ford Motor Company manufactures and distributes automobiles across six continents.
Its automotive brands include Ford, Mercury and Lincoln, and it employs about 159,000 people globally.
In addition, Ford Motor Credit Company offers financial services.
Edited by Chris Farnell
Tradeshift: Pioneering eProcurement and Digital Trade
Tradeshift helps transportation and logistics organisations digitally transform their processes. The company offers a suite of services, including spend management, accounts payable and invoice automation, eprocurement, and supplier collaboration through a dedicated B2B supply chain marketplace of more than one million businesses.
As disruption and digitisation continue to accelerate, demand for Tradeshift’s solutions has grown dramatically. The company recently announced the signing of 20 new global enterprise customers since the beginning of its financial year on 1 February, while the number of active businesses transacting on the Tradeshift platform rise by 52 per cent year on year.
Tradeshift Chief Revenue Officer Christope Bodin expects that growth trajectory to continue, as the economy begins to fully reopen and the world works towards recovering from the pandemic. “We are well positioned to support the wholesale digitalisation of business processes,” Bodin said. “For organisations looking to grow in a post-COVID economy, this is fast becoming an organisational standard.”
Tradeshift in Brief
- HQ: San Francisco, USA
- Employees: 800 located in offices in 13 countries
- Customers: 500+ in 190+ countries
- Total on-platform transaction value: $1tn
- Platform: 1.5m companies connected
Key Tradeshift customers: Volvo, Kuehne+Nagel, DHL, Air France-KLM Group
Tradeshift: From $1 to $1 trillion
The company was established with a mission to “connect every company in the world, digitally,” according to Lanng, and followed the trio's earlier product EasyTrade, a pioneering open-source trade platform.
In July 2021, just over a decade since launch, Tradeshift announced passing a new milestone: the cumulative value of transactions processed across its platform passed the $1 trillion threshold. To put that in perspective, Tradeshift said it took two years to reach the $1bn milestone.
Commenting on Tradeshift’s current and future standing, chief executive Christian Lanng said: “We’ve helped a lot of businesses to stay operational and get paid during an extremely volatile period. Every time a business joins our platform it unlocks a whole ecosystem of relationships that we can help to digitise. This sets us apart from the majority of enterprise software providers who remain preoccupied with building connections one at a time.”