NORTH CANTON, Ohio, -- KAG Logistics announced the signing of a two-year transportation and logistics services agreement with Penske Truck Leasing Company, LP ("Penske"). KAG Logistics will be the single-source provider of bulk fuel transportation to 282
Penske locations throughout the country. Penske, a leading global transportation services provider, operates more than 200,000 vehicles and services customers from over 1,000 locations in North America, South America, Europe and Asia. The Fuels Delivery Group of KAG Logistics' parent company, Kenan Advantage Group, will provide the fuel transportation for the majority of the locations in the agreement. The contract is valued at more than $10.0 million.
"When Penske looked for more flexibility and terminal options, KAG Logistics successfully helped us uncouple our fuel supply in accordance with our fuel management strategy of better maximizing efficiencies," said Edward Touma, manager of fuel services for Penske. "We have over 470 fueling facilities in 44 states and KAG clearly stands above the competition with a broad base of assets, equipment, fair rates, and state-of-the-art technology to service our footprint," continued Mr. Touma.
According to KAG Logistics' executive vice president Kevin Spencer, "It is truly gratifying to partner with a company such as Penske Truck Leasing. We have built a strong relationship based on both companies unwavering commitment to excellence. We look forward to providing exceptional value-added services to Penske for many years to come."
KAG Logistics (www.kaglogistics.com) is the nation's first, fully-automated, end-to-end logistics services provider committed to the petroleum and related industries. The company focuses on optimal execution in the last mile petroleum distribution supply chain for its customers. It utilizes latest technologies, abundant fleet resources, highly trained personnel and advanced processes to accomplish premier customer service.
Website: http://www.kaglogistics.com
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