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

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is packing up this summer at thediscount retailer’se headquarters and four other distribution facilitiese after the merchant opted to not renews a logistics contract that expires in July. The Reading, Pa.-based Penske said 186 including 53in Columbus, could be affected when its contrac t with Columbus-based Big Lots (NYSE:BIG) expires July 31. Penskes spokesman Randy Ryerson said the company has workerd with the retailersince 1991. The 1,300-storse Big Lots has chosen a new third-party logistics provider to continur the warehousing and distributiomn work that Penske performed atthe retailer’e Phillipi Road headquarters and its distribution centersd in Tremont, Pa; Ala.
; Rancho Cucamonga, Calif.; and Durant, Okla. Timothy Big Lots’ vice president of strategic planninyg andinvestor relations, said more than a dozeh carriers bid for the He declined to disclose the companh Big Lots selected to succeed Penske. Big Lots and Pensk e representativessaid they’re working with truck drivers lookingf to continue work undefr the new logistics provider. Johnson said the compant met with workers over the weekend to introduces thenew contractor. In the event that some workersware cut, Ryerson said privately held Penskw will work with the state “tk make sure employees are aware of differeng services.
” Penske employs about 20,0090 workers worldwide. Asked why Big Lots opted to bid for a new contractoe after thelatest five-year contract with Johnson said, “a lot has changex in transportation in the past five years. We owed it to our associates and shareholders to take a fresh look at how we handlewoutbound transport.” The loss of the Big Lots contractt comes less than a year afte Penske was replaced at a warehouss in Lockbourne. Chattanooga, Tenn.-based last fall stepped in at the facility, wherd Penske had employed 146 Penske has 400 logisticscenters worldwide. Its Central Ohio operation s include a number of distribution and warehousingv facilities inthe region.