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February 17, 2010
Kenco Logistic Services, one of the most respected names in the third-party logistics 3PL industry, has released its 2009 Year End Report.
According to Jim Kennedy III, Kenco chairman and one of the company’s owners, “It’s no secret that most companies are relieved 2009 is over. At Kenco, we posted several significant milestones that provide a cautiously optimistic outlook for the coming year. In terms of the overall health of our business, we are pleased to report $40 million in new revenue, plus the addition of several new major customers.”
Mr. Kennedy continued, “New customers won last year include Ralston, OTTO International, and Wolford, plus we added business with established customers Whirlpool, Mead Johnson Nutrition, Komatsu, Keurig, and Carrier.”
Market conditions also prompted Kenco to streamline its management structure. “Some of these changes were painful,” Kennedy said, “but we are in a strong position going forward.”
Andy Smith, Kenco Logistic Services president and chief operations officer, said, “Embracing Lean techniques throughout the enterprise was a critical element to our 2009 success. We started with a Lean Six Sigma Master Black Belt (LSSMBB) on staff who trained a cadre of 20 Lean Six Sigma Green Belts using basic Lean concepts of Takt Time analysis, schedule attainment analysis, A3 problem solving method and Kaizen events as major tools for continuous improvements.”
“Did it work?” Mr. Smith asks. “You bet! Improved employee participation resulted in a 30% productivity increase while decreasing operating costs by 25% at sites that implemented Lean. In 2009, Kenco generated 2% in bottom-line revenue savings by leveraging our Operational Excellence programs,” he explained.
Pointing out one of the year’s highlights, Mr. Kennedy said, “Kenco was pleased to host an inspiring presentation by Dr. Stephen Covey, one of the most respected and sought-after leadership authorities of our time and author of The 7 Habits of Highly Effective People. Speaking to the
Chattanooga business community, his positive approach helped us all through the on-going economic turbulence.”
During 2009 Kenco received numerous awards and recognition for various accomplishments by the company that often go unheralded. These include:
- Whirlpool Corporation’s Warehouse Supplier of the Year
- Invista Chattanooga facility managed by KLS celebrated 32 years with no loss-of-time accidents
- Inbound Logistics magazine Top 100 3PL
- Supply Chain Brain 100 Best Supply Chain Partners
- Business
Tennessee’s Hot 100
- American Trucking Association’s Safety Management Council Award for 44% Collision Reduction
- National Safety Council Merit Award for OSHA Lost Time Injury Rate of 0.32 compared to the Warehouse and Storage Industry average of 2.0
About The Kenco Family of Companies
Kenco manages 25 million square feet of warehouse space in locations throughout
North America. The company’s core competencies include logistic services, transportation, real estate management and material handling equipment. The Kenco Family of Companies includes Kenco Logistic Services, Kenco Transportation, Kenco Toyota-Lift, Kenco Management Services, and JDK Real Estate.
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