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CLEVELAND, April 3, 2007 - Diversified industrial manufacturer Eaton
Corporation honored its best suppliers at its second annual Supplier Awards
Program on March 28 at the Renaissance Cleveland Hotel. The event recognized
50 companies as Premier Suppliers.
From that group, 12 received highest honors as the company's Supplier Excellence
Award winners. One of the 12 receiving highest honors was Penske Logistics, for
transportation management services in North America and Europe. Penske Logistics
received recognition for on-time
delivery, responsiveness, cost-savings and other
Richard B. Jacobs, Eaton's vice president—Supply Chain Management, said, "We
have thousands of suppliers around the world that we evaluate on quality,
productivity, innovation and technology. The companies we are honoring with these
awards excel in these critical categories."
The award winners fall within one of three supplier categories: Direct, Indirect or
Logistics. Direct suppliers are those that provide goods used directly in the making
of products (e.g., bearings, gaskets, seals, castings, machined components,
subassemblies). Indirect suppliers provide materials and services that support the
production of finished products or the management of Eaton's business (e.g.,
chemicals, maintenance and repair materials and services, office equipment and
supplies, packaging). Logistics suppliers handle the transportation of goods inbound
from suppliers and outbound to customers.
"These suppliers are the very best in our global supply base," Jacobs said. "They
make a real contribution to the continuing success of our business."
"We are very honored to receive this award and thank Eaton for recognizing our
contributions to help them drive global supply chain excellence," said Penske
Logistics President Vince Hartnett. "This award was earned by our employees
around the globe in close collaboration with the Eaton team and truly reflects their
dedication to excellence in designing solutions and serving our customer's needs."
About Eaton Corporation
Eaton Corporation is a diversified industrial manufacturer with 2006 sales of $12.4
billion. Eaton is a global leader in electrical systems and components for power
quality, distribution and control; fluid power systems and services for industrial,
mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel
economy; and automotive engine air management systems, powertrain solutions
and specialty controls for performance, fuel economy and safety. Eaton has 60,000
employees and sells products to customers in more than 125 countries. For more
information, visit www.eaton.com
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.