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Kenco Group

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Kenco Group
Company typePrivate
IndustryLogistics
Predecessor
Founded1950 in Chattanooga, Tennessee, United States
Founder
Headquarters
Chattanooga, Tennessee
,
United States
Area served
North America
Key people
Services
RevenueUS$626 million[1]
Number of employees
5,000 (2016)
Websitekencogroup.com

Kenco Group, or Kenco, is a privately held Chattanooga, Tennessee, United States–based company that provides logistics services.[2] Kenco specializes in distribution and fulfillment, transportation management, material handling services, and warehouse real estate management. The company is known for being the largest woman-owned third party logistics company in the United States.[3]

History

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Kenco was founded in August 1950 by Jim Kennedy Jr. and Sam Smartt under the name Cherokee Warehouses.[4] Cherokee Warehouses owned a single 100,000 square-foot warehouse in Chattanooga, Tennessee. Cherokee Warehouses became Kenco with the signing of its first dedicated contract warehousing arrangement with Dupont in 1967.[5]

As of 2015, Kenco was managing over 30 million square feet of warehouse space in North America.[6][5]

In June 2017, Kenco announced that Denis Reilly will succeed Jane Kennedy Greene as president and chief executive officer. Jane Kennedy Greene will remain chairwoman of the board of directors.[7][8] Denis Reilly was previously the chief executive officer of St. George Logistics.

In October 2022, Pritzker Private Capital announced an agreement to invest in Kenco Group

Kenco's Chattanooga Headquarters at Rivermill

Business

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Kenco also provides value-added services including network optimization, sequencing, raw materials management, product testing, vendor-managed inventory, and regulated pharmaceutical destruction.[9] Kenco is certified as a woman-owned business under the WBENC.[10][11]

Kenco is divided into 5 areas of business:[5]

Kenco Management Services

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Kenco Management Services provides an audit structure for all programs across the Kenco family of companies. It focuses on 6 key functional areas: Safety, Quality Management, Engineering, Human Resources, Information Technology, and Finance.[citation needed]

Kenco Logistics Services

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Kenco Logistics Services is Kenco's largest business segment. It provides distribution and fulfillment services for supply chain operations. In 2016 Kenco was ranked by Armstrong & Associates as a Top 50 U.S Third-Party Logistics Provider.[12]

Kenco Transportation Services

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Kenco Transportation consists of dedicated fleets and asset based fleets for LTL and TL.[clarification needed] Services also include transportation management system software, freight brokerage, carrier selection, audit, and regulatory services. Kenco was ranked No. 26 in Transport Topics Top 50 List in 2017 and manages more than $100 million in transportation revenue.[13][8]

Kenco Material Handling Solutions

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Originally established as a forklift dealership, Kenco's Material Handling Solutions division now sells material handling equipment from three regional dealerships across the United States. The material handling division also provides technicians for repairs and maintenance. Fleet management provides MHE data and service ticket auditing. As of 2017, Kenco Material Handling Solutions managed $300 million in MHE assets.[8]

JDK Real Estate

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Kenco's real estate segment provides services for business looking to procure warehousing facilities.[14]

Innovation Lab

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The Innovation Lab at Kenco was founded in 2015 to identify, research, and prototype ideas and processes.[8][15] It has worked with vendors, customers, and entrepreneurs from a number of industries to assist customers with logistics issues. In late 2016, Kenco announced its partnership with Locatible, a location tracking website used in North American distribution centers.[16] In 2017 it partnered with a mobile app vendor to design LoadProof, a mobile web application that can give users supply chain information on their smart devices.[17][18] It is currently exploring the use of drones for its warehouse operations, partnering with PINC Solutions to deploy an aerial sensor platform and supply chain drone.[19] They have also indicated that they are pursuing research in robotics, augmented reality, wearables, and 3D printing.[15] In May 2017, it sponsored a study with the University of Tennessee, Knoxville's Global Supply Chain Institute identifying five technologies that companies should examine to ensure their survival in the supply chain industry.[20]

Awards and recognition

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From 2013 to 2017, Kenco has been recognized as a Top 10 Logistics Provider by readers of Inbound Logistics Magazine.[21] Inbound Logistics has also recognized Kenco as one of its G75, a curated list of 75 green supply chain partners, from 2011 to 2017.[22] Kenco was named one of Food Logistics 2017 Top Green Providers and one of their 2017 Top 3PL and Cold Storage Providers.[23][24] In 2017, Kenco was featured in Global Trade Magazine as one of America's 100 Leading 3PLs.[25]

Through the National Association of Board of Pharmacy, Kenco is a verified-accredited wholesale distributor.[26]

References

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Notes

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  1. ^ "Top 3PLs: A&A's Top 50 U.S. Third-Party Logistics Providers (3PLs)". Armstrong & Associates. Retrieved 2017-10-16.
  2. ^ "Taking logistics where it's never been before". timesfreepress.com. 2016-11-01. Retrieved 2017-10-16.
  3. ^ "Largest Woman-Owned Logistics Company Leases Warehouse in Conyers". CoStar Group. April 20, 2022.
  4. ^ "Jane Kennedy Greene: The Importance of Building and Selecting a Board of Directors". WBENC. 2006-06-09. Retrieved 2017-07-07.
  5. ^ a b c "Family-owned Kenco grows, upgrades while preserving founding values". timesfreepress.com. 2015-03-16. Retrieved 2017-10-16.
  6. ^ "Kenco Locations". Retrieved 16 November 2018.
  7. ^ "Denis Reilly Joins Kenco Group as President, CEO". Transport Topics. 2017-06-14. Retrieved 2017-10-16.
  8. ^ a b c d "Kenco names Denis Reilly as CEO – DC Velocity". www.dcvelocity.com. Retrieved 2017-10-16.
  9. ^ Jane Kennedy Greene. "Kenco". Inbound Logistics. Retrieved 2017-07-07.
  10. ^ "North America's 50 Most Successful 3PLs". www.supplychainbrain.com. Retrieved 2017-10-16.
  11. ^ "Kenco certified by WBENC, becomes largest woman-owned logistics company". www.mmh.com. Retrieved 2017-10-16.
  12. ^ "Top 3PLs: A&A's Top 50 U.S. Third-Party Logistics Providers (3PLs)". Armstrong & Associates. Retrieved 2017-12-14.
  13. ^ "Top 50 | Kenco Group". Transport Topics. Retrieved 2017-10-16.
  14. ^ "JDK Real Estate Acquires Warehouse In Salt Lake City". Retrieved 2017-10-16.
  15. ^ a b "Logistics innovation begins in the Kenco lab". FreightWaves. Retrieved 2017-10-16.
  16. ^ Dale Benton (2016-10-03). "Kenco and Locatible join forces with partnership". Retrieved 2017-07-07.
  17. ^ "LoadProof Trademark of Kenco Logistic Services, LLC - Registration Number 5114527 - Serial Number 87051175". trademarks.justia.com. Retrieved 2017-07-07.
  18. ^ "Collaborative Supply Chain Innovation: Bringing Solutions to Market Faster". Talking Logistics with Adrian Gonzalez. 2017-05-08. Retrieved 2017-10-16.
  19. ^ "Kenco Tests Use of Drones for Yard Management". 2015-11-04. Retrieved 2017-07-07.
  20. ^ "Study Assesses Five Technologies to Impact the Supply Chain in the Next 5 Years". www.supplychain247.com. Retrieved 2017-07-07.
  21. ^ "Readers' Choice: Top 10 3PL Excellence Awards 2017". Inbound Logistics. 2017-07-21.
  22. ^ "75 Green Supply Chain Partners - Inbound Logistics". www.inboundlogistics.com. Retrieved 2017-12-14.
  23. ^ "Food Logistics' 2017 Top Green Providers". Food Logistics. Retrieved 2017-12-14.
  24. ^ "Food Logistics Names 2017 Top 3PL & Cold Storage Providers". Food Logistics. Retrieved 2017-12-14.
  25. ^ "America's 100 Leading 3PLs". Global Trade Magazine. 2017-08-17. Retrieved 2017-12-14.
  26. ^ "VAWD-Accredited Facilities List | National Association of Boards of Pharmacy". National Association of Boards of Pharmacy. Retrieved 2017-12-14.

General references

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