Penske Logistics Names New Managing Director in South America

READING, Pa., September 24, 2007 - Penske Logistics today announced Bill Scroggie has been named Managing Director - South America, reporting to Terry Miller, Executive Vice President Operations - Americas. He replaces Gary Franz, who will return to the U.S. in a new sales capacity for the company.

Based in São Paulo, Brazil, Scroggie will direct business development and oversee operations in South America. He has over 17 years of logistics experience and has been with Penske Logistics for 10 years.

"The depth and breadth of Bill Scroggie's experience working with our global logistics customers have prepared him well for this exciting new opportunity," said Vince Hartnett, President - Penske Logistics. "Gary was very effective in this important role, and we are confident Bill will provide seamless continuity."

During his tenure at Penske Logistics, Scroggie has served in a number of positions, most recently as Vice President - Operations. Prior to that, he was General Manager for Penske's Ford Motor Company operations. Scroggie was also directly responsible for global growth of Penske's relationship with Ford.

Scroggie earned a bachelor's degree in finance from Miami University in Oxford, Ohio. He also holds an MBA from the University of Illinois at Chicago, with a concentration in strategic management.

"Penske's presence in Brazil has grown considerably through Gary Franz's leadership," said Scroggie. "I look forward to continuing Gary's momentum in South America." Penske Logistics has seen revenue grow by 40 percent in Brazil during the past three years, with 1,700 associates spread across 27 locations.

Franz has been named Vice President - Sales, Strategic Accounts. "In this new capacity, Gary will be able to leverage his experience in operations management and international logistics to further develop our portfolio of multinational manufacturing companies in North and South America, Europe and Asia," Hartnett added. "We welcome Gary Franz's return to the United States as a key leader of our global sales team."

About Penske Logistics
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 forwarding and carrier management. Visit www.PenskeLogistics.com to learn more about the company and its services.