Penske Logistics Honored by General Motors as a 2004 Supplier of the Year

READING, PA (May 12, 2005) - Penske Logistics was named a General Motors 2004 Supplier of the Year for its overall business performance in providing GM with world-class service and notable contributions to helping the company attain its goal of becoming the industry's low-cost producer of quality vehicles. Vince Hartnett, president, Penske Logistics, accepted the award on behalf of the company on Saturday, April 23, at the General Motors Vehicle Engineering Center in Warren, Mich.

"Our Supplier of the Year winners are the best of the best and Penske Logistics is part of this elite group based on its outstanding performance in 2004," said Bo Andersson, vice president, GM Global Purchasing and Supply Chain. "Its balanced focus on performance and behavior supports GM's priorities, and makes it a role model for suppliers worldwide."

"It has been a privilege to provide General Motors with supply chain management services to help drive efficiency and quality throughout its distribution network," said Hartnett. "We are honored to be recognized by GM, for the fourth time, as one of the company's most valued suppliers."

The GM Supplier of the Year award began as a global program in 1992. Award winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price. This year, General Motors honored 78 suppliers for their excellence throughout 2004.

Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing, a joint venture of Penske Corporation and General Electric. Penske Truck Leasing is a leading global transportation services provider. The company operates approximately 200,000 vehicles and serves customers from nearly 1,000 locations in the United States, Canada, Mexico, South America and Europe. Product lines include full-service leasing, contract maintenance, commercial and consumer truck rentals, transportation and warehousing management, and supply chain management solutions. Penske Truck Leasing's annual revenue is approximately U.S. $3.5 billion. The company can be reached at www.pensketruckleasing.com.