Penske Earns Warehousing & 3PL Supplier Award from Whirlpool

READING, Pa., Aug. 9, 2010 – Penske Logistics was recently honored with Whirlpool Corporation’s Supplier of the Year Award for Warehousing and Third-Party Logistics services performed throughout North America.

"The Penske team earned this recognition for superior performance in all areas, from on time loading and delivery of product to productivity, safety and management of resources," said Brian Hancock, Vice President, Supply Chain, Whirlpool Corporation. "They are a valued partner to Whirlpool, helping us every day to meet the needs of our customers and consumers, and we’re delighted to recognize them as Warehousing and 3PL Supplier of the Year."

Penske Logistics earned this award by collaborating with Whirlpool to help drive cost efficiencies, boost labor productivity, improving inventory accuracy and enhancing freight handling methods to reduce damaged goods.

Penske Logistics currently handles outbound distribution for all Whirlpool products in North America. Penske also performs a variety of warehousing, sequencing, and inbound and outbound transportation management services across Whirlpool product lines in the U.S. Canada, Mexico, and Brazil.

"Whirlpool has been a valued supply chain and logistics customer for more than 35 years," said Terry Miller, Executive Vice President – Operations, Penske Logistics. "We thank our associates for their dedication, teamwork and customer focus, which has enabled us to earn this recognition."

Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales of approximately $17 billion in 2009, 67,000 employees, and 67 manufacturing and technology research centers around the world. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp, Consul, Bauknecht . and other major brand names to consumers in nearly every country around the world. Additional information about the company can be found at http://www.whirlpoolcorp.com.

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. Visit www.penskelogistics.com to learn more.