READING, Pa., March 26, 2007 - Today, Penske Logistics announced that it is the recipient of Merck & Co., Inc.'s 2006 Sector Operational Award, recognizing its ability to drive cost reductions by optimizing Merck's European regular ground transportation.
"It is an honor to be recognized as one of Merck's most valued suppliers," said Erik van Egmond, Managing Director, Penske Logistics Europe. "We look forward to strengthening our successful business relationship and continuing to play an integral role in helping the company drive efficiencies in its supply chain operations."
Penske was challenged by Merck in 2000 to help optimize the company's European ground transport infrastructure and help drive continuous cost reductions. Penske is currently managing the regular ground transport of packed bulk tablets and finished products across Europe.
The Sector Operational Award was established to support Merck's objective of developing strategic partnerships with critical providers, and began as a global program in 2005. Winners are selected from each of Merck's primary supply sectors and seven additional outstanding contribution award categories. Decisions on supplier performance are based on scorecard grades, specific breakthroughs in multiple key business requirement categories and qualitative assessments. This year, Merck honored 12 suppliers for their excellence throughout 2006.
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 Merck & Co., Inc.
Merck & Co., Inc. is a global research-driven pharmaceutical company dedicated to putting patients first. Established in 1891, Merck currently discovers, develops, manufactures and markets vaccines and medicines to address unmet medical needs. The Company devotes extensive efforts to increase access to medicines through far-reaching programs that not only donate Merck medicines but help deliver them to the people who need them. Merck also publishes unbiased health information as a not-for-profit service. For more information, visit www.merck.com.