Penske Winner of 3PL Award by Automotive Supply Chain Magazine

READING, Pa., May 15, 2015 — Penske Logistics is a recipient of the inaugural North America Third-Party Logistics Provider of the Year Award by Automotive Supply Chain magazine. According to the publication, Penske was selected for this honor for the company's outstanding performance in optimizing distribution networks, improving supply chain visibility and achieving cost reduction within the automotive industry.

Penske Logistics President Marc Althen, who accepted the award in New York City recently, stated: "This is a testament to our continued excellence as a leading 3PL provider within the automotive supply chain sector. We appreciate the recognition from the OEMs (Original Equipment Manufacturers) for our company and our associates."

Peter Wooding, Editor-in-Chief of Automotive Supply Chain magazine said: "The awards are to recognise and celebrate excellence in one of the most important and critical sectors within the automotive industry: automotive supply chain and logistics. Our heartiest congratulations to the winners and we truly feel that they are industry pioneers and trendsetters in their own right."

Automotive Supply Chain is the primary source of incisive information on the global supply chain and has been published for many years. With a presence in more than 60 countries globally, the magazine focuses on each and every aspect of automotive supply chain right from when the parts come in to when the finished car reaches the dealership and everything else in between.

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 around the world. Penske Logistics delivers value through its design, planning and execution in transportation, warehousing and freight management. To learn more visit Penske Logistics on social media: Move Ahead Blog, Facebook, Twitter, LinkedIn, Google+ and YouTube.