READING, Pa., July 23, 2007 - Today, Penske Logistics announced it has secured multiyear logistics contracts with BMW Manufacturing Co. and BMW of North America. Financial terms of the agreements were not disclosed.
Under the agreements, Penske Logistics will manage inbound supply chain services for production parts from Mexico and select U.S. suppliers into BMW's Spartanburg County, S.C., facility that produces popular models like the X5 Sports Activity Vehicle, Z4 Roadster, M Roadster, Z4 Coupe and M Coupe.
Penske will also provide aftermarket parts transportation services from Mexico and select U.S. suppliers into a Spartanburg County crossdock and two California-based distribution centers.
"We are very pleased to be working with BMW and look forward toward working with their team to help drive flexibility in their North American supply chain," stated Vince Hartnett, President - Penske Logistics. "Penske and BMW enjoy a strong cultural alignment that is based around high standards for customer service and process excellence through Six Sigma."
About Penske Logistics
Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing. With operations in North America, South America, Europe and Asia, Penske Logistics provides supply chain management and logistics services to major industrial and consumer companies throughout the world. 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.