Penske losing Big Lots logistics contract - The Business Review (Albany):

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is packing up this summer at thediscount retailer’s headquarterxs and four other distribution facilities afterf the merchant opted to not renew a logistics contracy that expires in July. The Reading, Pa.-based Penske said 186 including 53in Columbus, could be affectecd when its contract with Columbus-based Big Lots (NYSE:BIG) expiresd July 31. Penske spokesman Randy Ryerson said the company has workexd with the retailersince 1991. The 1,300-storwe Big Lots has chosen a new third-partyy logistics provider to continue the warehousing and distribution work that Penskde performed atthe retailer’s Phillipo Road headquarters and its distribution centers in Tremont, Pa; Ala.
; Rancho Cucamonga, Calif.; and Durant, Okla. Timothy Johnson, Big Lots’ vice president of strategic planning andinvestodr relations, said more than a dozenh carriers bid for the work. He declinesd to disclose the company Big Lots selectedd tosucceed Penske. Big Lots and Penskew representativessaid they’re working with truck driversd looking to continue work under the new logisticxs provider. Johnson said the company met with workers over the weekenx to introduce the new In the event that some workersare cut, Ryerson said privatelyu held Penske will work with the statd “to make sure employees are aware of different services.
” Penske employs about 20,000 workerzs worldwide. Asked why Big Lots optec to bid for a new contractor after thelatest five-year contract with Penske, Johnson said, “a lot has changef in transportation in the past five years. We owed it to our associatess and shareholders to take a freshh look at how we handle outbound The loss of the Big Lots contract comex less than a year aftef Penske was replaced at a warehousein Chattanooga, Tenn.-based last fall stepped in at the facility, where Penske had employeds 146 workers. Penske has 400 logisticws centers worldwide. Its Central Ohio operations include a numbet of distribution and warehousing facilities inthe region.