Cristiano Koga Named Director of Sales for Penske Logistics — South America

South America, ão Paulo., December 16, 2008 — Penske Logistics today announced that Cristiano Koga was named Director of Sales for South America. In this role, Koga is responsible for furthering Penske Logistics' strategy of expanding its customer base to include companies in the pharmaceutical, chemical and industrial assets industries, and growing its sales force by 20 percent in 2009.

"Penske Logistics' business in South America has experienced a consistent, strong up-tick during the past couple of years, and the region continues to have tremendous growth potential," said Bill Scroggie, Managing Director, Penske Logistics — South America. "Cristiano's deep experience in the logistics sector will be a welcome addition, and help us increase market share and further establish Penske Logistics as a leader in the region."

Cristiano will be based at Penske Logistics' Alphaville office (Sao Paulo, SP) and will work directly with Bill Scroggie, as well as with the Finance and Operations business units to stimulate business growth among a more diverse customer industry base. Before Koga, this position was the responsibility of Paulo Sarti, who is now focused on the direction of operations.

Koga has 11 years of experience in the logistics sector. Prior to joining Penske he worked for Panalpina (carrier management) for eight years and at Royal Shipping Services/CSAV (sea freight transportation) for three years. He graduated from Mackenzie University in São Paulo, Brazil, with a degree in Business Management and a focus in International Commerce. He has a Masters degree in Business Management Strategy and in Business Logistics at Fundação Getulio Vargas and also in Management Leadership at FIA/USP.

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 leading 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.