Penske Recognized for Supplier Excellence by Eastman Chemical Company

READING, Pa., June 8, 2015 — Penske Logistics has been honored by Eastman Chemical Company with a Special Recognition Award for assisting with domestic moves and supplying additional refrigerated capacity in a very tight market.

The services that Penske Logistics provides to the company in Tennessee and South Carolina include dedicated contract carriage and inbound freight management from regional ports.

"It is quite the accomplishment to be formally recognized as one of Eastman Chemical's most valued suppliers," stated Jeff Jackson, Penske Logistics Senior Vice President of Operations. "We enjoy having such a strong partnership with Eastman, it's truly an honor."

"Penske was instrumental in helping us keep reefer loads covered in critical times," said Julie Byers, Eastman Procurement Manager. "We appreciate their creativity."

Eastman is a global specialty chemical company that produces a broad range of products found in items people use every day. With a portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. Its market-driven approaches take advantage of world-class technology platforms and leading positions in attractive end-markets such as transportation, building and construction, and consumables. Eastman focuses on creating consistent, superior value for all stakeholders. As a globally diverse company, Eastman serves customers in approximately 100 countries and had 2014 revenues of approximately $9.5 billion. The company is headquartered in Kingsport, Tennessee, USA and employs approximately 15,000 people around the world. For more information, visit www.eastman.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 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 www.PenskeLogistics.com. Penske Logistics on social media: Move Ahead Blog, Facebook, Twitter, LinkedIn and YouTube.