Penske and Cardinal Health Extend Dedicated Carriage Services Agreement

READING, Pa., MAY 29, 2012 - Today, Penske Logistics announced that it has reached an agreement with Cardinal Health to extend and renew their existing dedicated carriage services contract. Financial terms were not disclosed.

"We're very pleased to continue our close collaboration with Cardinal Health," said Dennis Abruzzi, Senior Vice President, East Region for Penske Logistics. "Our top priority remains ensuring the continued safe, reliable delivery of their medical products."

Under the agreement, Penske Logistics continues to provide truck drivers, trucks and helps optimize the hospital delivery routes for Cardinal Health's Medical Segment.

"Penske is a leader in the logistics space and has an impressive track record with a variety of high-touch, time-critical industries, including health care," said Mike Duffy, Executive Vice President, Global Manufacturing and Supply Chain at Cardinal Health. "They've been reliable in helping us to deliver consistent service, deploy best practices and continuously improve our customer experience, so we're pleased to extend our longstanding partnership."

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, and international freight forwarding and carrier management. To learn more visit www.PenskeLogistics.com and our "Move Ahead" blog.