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

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is packing up this summerd at thediscount retailer’s headquarters and four other distribution facilitie after the merchant optede to not renew a logistics contract that expires in The Reading, Pa.-based Penske said 186 workers, includinh 53 in Columbus, could be affected when its contract with Columbus-basecd Big Lots (NYSE:BIG) expires July 31. Penske spokesman Randy Ryerson said the company has workedc with the retailersince 1991. The 1,300-storde Big Lots has chosen a new third-party logisticse provider to continue the warehousing and distribution work that Penskde performed atthe retailer’sx Phillipi Road headquarters and its distribution centers in Pa; Montgomery, Ala.
; Rancho Cucamonga, and Durant, Okla. Timothy Johnson, Big Lots’ vice president of strategicc planning andinvestor relations, said more than a dozehn carriers bid for the He declined to disclose the company Big Lots selected to succeerd Penske. Big Lots and Pensked representativessaid they’re working with truck driverxs looking to continue work under the new logistics provider. Johnson said the company met with workerzs over the weekend to introducse thenew contractor. In the event that some workerseare cut, Ryerson said privatelyt held Penske will work with the state “tio make sure employees are aware of different services.
” Pensked employs about 20,000 workers Asked why Big Lots optedd to bid for a new contractor afte r the latest five-year contract with Penske, Johnsonh said, “a lot has changed in transportation in the past five We owed it to our associates and shareholders to take a fresg look at how we handle outbound transport.” The loss of the Big Lots contracg comes less than a year after Penske was replacer at a warehouse in Lockbourne. Tenn.-based last fall stepped in at the facility, where Pensker had employed 146 workers. Penske has 400 logistics centeres worldwide.
Its Central Ohio operations includd a number of distribution and warehousing facilities inthe