Penske, ABX form alliance
Penske Logistics and ABX Logistics have announced the formation of a strategic alliance.
The companies said: “the alliance combines Penske Logistics’ strengths in logistics execution and technology with ABX Logistics’ global footprint and strong freight forwarding capabilities.”
The companies said they will provide handling of customer shipments from initial consolidation at air/ocean ports to deconsolidation centers, and ultimately to the destination.
Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing, a joint venture of Penske Corp. and General Electric, and operates in North America, South America, Europe and Asia.
ABX is one of the world’s largest air and sea freight forwarders and is among the largest in Europe for road freight transport. It operates in 100 countries worldwide.