Penske to Be Lead Logistics Provider for Eaton

July 10, 2006 1:00 PM, EDT

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enske Logistics said Monday that auto and truck parts manufacturer Eaton Corp. chosen it to be the lead logistics provider for Eaton’s North American automotive and truck segments.

Under the agreement, Penske Logistics will manage the inbound supply chain, encompassing material flow of thousands of component products from more than 300 suppliers into Eaton's North American manufacturing locations.

Penske said it has a dedicated logistics center and management team focused on North American transportation management and network design for Eaton.

“Our goal is to help customers drive supply chain excellence and enable them to focus on running world-class manufacturing operations,” said Vince Hartnett, Penske Logistics' president.

“We view this program with Penske Logistics as a critical strategic project for 2006,” said Mario Hegewald, Eaton’s director of global logistics.

Penske Logistics is a unit of Penske Truck Leasing Co., ranked No. 7 on the Transport Topics 100 listing of North American for-hire carriers.