READING, Pa., July 21, 2009— Penske Logistics has been honored with the Ford Motor Company Silver World Excellence Award. Ford recently held an event recognizing three dozen worldwide suppliers and Penske was cited for providing outstanding logistics services. This is the second Ford World Excellence Award for Penske Logistics.
Penske Logistics provides a wide range of supply chain services to Ford Motor Company on a global basis, including serving as its North American lead logistics provider for its assembly, power train and stamping operations. Penske is a strategic supplier to Ford and is a part of its Aligned Business Framework.
"The achievement of Ford's ONE goal depends upon all members of the ONE Ford team working together," said Tony Brown, Group Vice President, Global Purchasing for Ford. "We salute the supplier winners of the 2008 World Excellence Awards for providing products and services that reach the highest standards for technology, quality and cost. You are part of the ONE Ford team, and your contributions move us closer to our goal of delivering profitable growth for all. Congratulations."
First distributed in 1998, the World Excellence Awards were jointly developed by Ford and its suppliers. Silver-level awards are presented to Ford's top production and non-production suppliers that deliver with consistency, superior quality, delivery and cost performance.
"We're proud to be recognized as a top supplier and to be a part of the ONE Ford team," stated Vince Hartnett, Penske Logistics President. "We thank Ford Motor Company for recognizing our associates around the globe, who collaborate so well with the Ford team to drive further improvements in their supply chain operations."
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 freight forwarding and carrier management. Visit www.PenskeLogistics.com to learn more.
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 205,000 employees and about 90 plants worldwide, the company's core and affiliated automotive brands include Ford, Lincoln, Mercury and Volvo. The company provides financial services through Ford Motor Credit Company.