Penske Logistics Opens Second Distribution Center in Los Indios, Texas

             New Facility Serves Panasonic Automotive Electronics

    READING, Pa., Sept. 4 Penske Logistics has opened a
100,000 square foot distribution center in Los Indios, Texas.  Adjacent to
Penske's 208,000 square foot center opened in Los Indios earlier this year,
75,000 square feet of the new center's capacity is dedicated to servicing
Panasonic Automotive Electronics.
    Penske's newest facility in Los Indios provides transportation and
distribution center management to Panasonic's manufacturing operations in
Mexico.  Penske's partnership with Panasonic in South Texas began with a
contract awarded in 2000 to manage two Panasonic facilities in Brownsville,
Texas.
    "This additional distribution center located 2,000 yards from the new free
trade bridge in Harlingen, Texas, further enhances our ability to provide
efficient and cost-effective service to our customers," said Robert Herrgard,
South Texas area manager, Penske Logistics.
    The new distribution center receives and inventories finished goods from
around the world.  Penske Logistics is using EXE technology, which interfaces
with Panasonic's SAP system.
    "Penske now operates 308,000 square feet of distribution center space in
Los Indios, Texas, and these facilities have been designed to readily expand
to accommodate customer growth," said Dave Topp, national account executive,
Penske Logistics.  "This capability, along with Penske's more than twenty
years of experience operating between the United States and Mexico, enables us
to provide valuable services to customers doing business along the
international border."
    The 208,000 square foot distribution center opened in Los Indios earlier
this year provides transportation management services including dedicated
contract carriage, and distribution center management to Delphi Delco
Electronic Systems' manufacturing operations in Mexico.
    A wholly owned subsidiary of Penske Truck Leasing, Penske Logistics
provides global solutions for transportation management, distribution
management and integrated logistics.  Located across three continents, Penske
is committed flawless execution, calling on the company's technology,
engineering and operational expertise to provide world-class solutions
specifically designed to fulfill each customer's unique supply chain needs.
Penske Logistics can be reached at http://www.penskelogistics.com.
    Headquartered in Reading, Pa., Penske Truck Leasing is a joint venture of
Penske Corporation and GE Capital.  A global transportation services provider,
the company operates approximately 206,000 heavy-, medium-, and light-duty
trucks and serves customers from more than 700 locations in the United States,
Canada and Mexico.  Product lines include full-service leasing, contract
maintenance, and commercial and consumer rental.  Penske Truck Leasing's
annual revenues are approximately US $3.4 billion.  Penske Truck Leasing can
be reached at http://www.pensketruckleasing.com.

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