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February 4, 2009
Kenco Logistic Services, LLC, one of the most well-respected names in the third-party logistics industry, ends 2008 with significant increases in revenue, warehouse space, and expanded services through organic growth and acquisition.
According to Gary Mayfield, Kenco Logistic Services Chief Executive Officer, “More than $43 million in new revenue was generated in 2008, bringing our two year total to $65 million.”
“During 2008 we added 602,000 square feet at multi-client facilities in
Avenel,
NJ, and
Kalamazoo,
MI,” continued Mr. Mayfield. “They join the Kenco network of 13 multi-client facilities in
Chattanooga,
TN,
Covington,
GA,
Chino,
CA and
Salt Lake City,
UT,” he said.
In 2008, the following
U.S. manufacturers became Kenco Logistic Services’ customers: Honeywell, Kohler and Roadtec. The company also grew relationships with additional business from Whirlpool, Stryker, Electrolux and Audiovox. Within this new business is Kenco Logistic Services’ largest facility to date, a 1.5 million square-foot mega-distribution center for Whirlpool in
Columbus,
OH.
“We wanted to diversify the IT solutions we offered our clients in 2008. We have many clients like R.J. Reynolds Tobacco Company (RJRT) that need a more independent solution so they could be more flexible in the marketplace,” said Kristi Montgomery, Kenco’s Vice President of Technology. “RJRT was seeking a third party logistics partner with experience in retail and specifically in promotional products. Kenco selected Manhattan ILS™: Integrated Logistics Solutions, built on Microsoft® .NET and Distributed Order Management.
“We also purchased Red Prairie’s Warehouse Management System and completed a successful proof of concept. With these new technologies, we differentiate ourselves by offering not only an advanced warehouse management solutions, but order management capabilities as well,” she said.
Andy Smith, Kenco Logistics Services President and Chief Operations Officer, stated other notable milestones during 2008 include the network-wide implementation of our Operational Excellence Programs. Kenco Safety Management System continues to reduce our OSHA Recordable Rate and OSHA Lost-Time Rate for another consecutive year. We also had an increased emphasis on loss prevention of customer merchandise by creating a new security manager position.
Mr. Smith added, “Our Kenco Quality Management System has allowed more than 60 facilities to be internally certified to ISO-9001:2000 standards. We continue the development of internal database, Kenco Financial Management System, to manage P&L, Activity Based Costing, work standards and profile management activities that provide site-level and customer visibility to critical business intelligence.
Kenco Logistic Services was recognized in 2008 by the following publications: Top 100 3PL providers by Inbound Logistics magazine, Top 50 by Transport Topics magazine, and Business TN magazine’s Hot 100 Fast-Growing Companies.
About Kenco Logistic Services
Kenco Logistic Services is one of the nation's leading third-party logistics providers (3PL) managing over 100 facilities and 24.5 million square feet of warehouse space in 28 states and
Canada. Kenco currently provides logistic services for many industry leading, Fortune 100 companies such as Whirlpool, GlaxoSmithKline, Cummins, and General Mills. Kenco specializes in facilities and services for the pharmaceutical, automotive, food, textile, and appliance industries. For more information, visit us at www.kencogroup.com.
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