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READING, Pa., USA/BRUSSELS, Belgium - September 18, 2006 - Today, Penske
Logistics and ABX LOGISTICS announced the formation of a strategic alliance focused on
providing integrated, global supply chain solutions for multinational corporations. The alliance
combines Penske Logistics' strengths in logistics execution and technology with ABX
LOGISTICS' global footprint and strong freight forwarding capabilities.
Vince Hartnett, President, Penske Logistics, says, "Customers continue to expand globally to get
closer to emerging markets and reduce operating costs. However, expansion also increases the
complexity of their supply chains and the range of supply chain management sophistication
creating quality issues and inefficiencies. The Penske-ABX
LOGISTICS alliance is focused on providing solutions to solve these issues for customers on a
global basis. We are very pleased to be working with the ABX LOGISTICS team."
LOGISTICS alliance offers logistics solutions to help organizations optimize
their global supply chains - no matter where they do business. The Penske-ABX
alliance developed a total solution that assists international shippers in gaining efficiency and
savings through fewer shipments, greater inventory control, improved productivity, Six Sigma-driven
processes, and increased supply chain transparency using a proprietary technology
"Today, customers require strategic solutions for managing increasingly complex supply chain
operations but few logistics service providers truly have the global reach to meet those needs,"
Schlausch, Managing Director Air & Sea Worldwide, ABX LOGISTICS.
"Through this innovative alliance with Penske Logistics, we are among the few companies with
the capability to deliver such a deep breadth of services and value to our customers."
Penske Logistics and ABX LOGISTICS will provide seamless handling of customer shipments
from initial consolidation at air/ocean ports to deconsolidation centers, and ultimately to the
customer's desired end destination. An integrated proprietary IT system enables the customer to
"see" where their goods are in the supply chain in a virtually realtime
environment. This may
range from when a shipment arrived or left a specific distribution center or port to when the
shipment will clear customs in a specific country.
LOGISTICS alliance is focusing its initial efforts on providing this service
offering to existing customers. The alliance will also seek strategic opportunities with
multinational corporations around the globe.
About Penske Logistics
Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing, a joint venture of
Penske Corporation and General Electric. Penske Logistics provides supply chain management
and logistics services to major industrial and consumer companies throughout the world. The
company has offices and operations in North America, South America, Europe and Asia. Penske Logistics delivers value through design, planning and execution in transportation, warehousing, international
forwarding and carrier
management. Visit www.PenskeLogistics.com to learn more
about the company and its services.
About ABX LOGISTICS
ABX LOGISTICS is one of the world's top 12 air and sea freight forwarders and is among the
top 10 in Europe for road freight transport. Operating in 100 countries worldwide (35 of which
have their own subsidiaries), the group has a turnover of approximately 2.5 billion euros and a
workforce of 10,000 people. For further information, go to www.abxlogistics.com.