Earth Day "Third Party Logistics CEO Sustainability Report" Reveals Strong Commitment to Sustainability Initiatives

READING, PA, Apr 22 (MARKET WIRE) --
Penske Logistics, Dr. Robert C. Lieb, Professor of Supply Chain
Management at Northeastern University, and Dr. Kristin J. Lieb, Assistant
Professor of Marketing Communication, Emerson College, today issued the
"Third Party Logistics Sustainability Report" in commemoration of Earth
Day. The report reveals that despite the global recession of 2008 and
2009, many large third-party logistics (3PL) companies increased their
respective commitments to developing greener practices and building
environmental sustainability programs during that time. The report is
based on key findings from the 2008 and 2009 "3PL Provider CEO
Perspective" surveys, which interviewed 35 third-party logistics company
CEOs across North America, Europe and Asia-Pacific whose companies were
responsible for generating approximately $60 billion in revenue each year.

The report, authored by Dr. Robert Lieb and sponsored by Penske
Logistics, indicated that "a corporate desire to do the right thing" was
by far the most important reason to commit to sustainability initiatives;
"pressure from customers" ranked second. According to the surveys, CEOs
were not only dedicated to providing customers with more
environmentally-friendly services, but also to applying such practices
internally within their organizations, employing a variety of tactics:
from reducing company-printed materials to using windmills at
distribution centers for electric-power generation.

Corporate dedication to sustainability programs yielded overwhelmingly
positive results for 28 out of the 35 CEOs surveyed, including reduced
operating expenses, positive impacts on company employees, substantial
savings in fuel costs, and even reduced fuel costs by 40 percent, as
noted by one CEO. Six CEOs reported that company sustainability efforts
led to increased business with both existing and new customers. However,
despite these investments, most CEOs noted that sustainability was very
infrequently a determining factor in either extending existing contracts,
or securing new 3PL business.

"Compared with other industries, 3PL service providers are ahead of the
game," commented Dr. Robert Lieb. "They appear to be planning for the
long-term by recognizing emerging customer preferences and providing
services consistent with them, even in the current market downturn."

"Penske is committed to identifying ways to drive the industry toward
greater sustainability in anticipation that it will be a major area of
focus that customers must consider in the future," said Vince Hartnett,
President of Penske Logistics. "Our investments in this area include
EPA's SmartWay program, for which Penske Logistics has attained a rating
of 1.25, and implementing technologies such as dynamic routing, fuel
management and flexible asset management."

The "Third Party Logistics Sustainability Report" is available upon
request.

Further insights into this year's research findings are outlined in
additional detail below:

Reasons for Establishing Sustainability Programs
The 2008 survey sought
to determine the most important reasons the 3PLs had established
sustainability programs by asking the CEOs to indicate the three most
important reasons for doing so.

-- "A corporate desire to do the right thing" was by far the most
important reason to establish sustainability programs, with 24 out of
39 CEOs ranking it as the primary reason
-- Ranking second was "pressure from customers," with seven out of 39
CEOs ranking it as the primary reason
-- Other reasons cited for establishing sustainability programs were "a
desire to enhance the company's image," "a desire to attract green
customers" and "competitive pressures"

Importance of Sustainability Issues in the Sales Process
The 2008
survey attempted to determine how often existing or potential customers
raised sustainability requirements in their contract discussions with
3PLs.

-- CEOs stated that on average 21 percent of existing customers and 20
percent of potential customers raised sustainability issues in their
discussions with the 3PLs
-- Three CEOs said these sustainability issues were frequently a major
determining factor in contract discussions with 3PLs
-- 36 CEOs indicated that sustainability issues were very infrequently a
major determining factor in contract discussions with 3PLs
-- CEOs were also asked what percentage of their companies' existing
contracts included sustainability performance metrics; the average
response was 2.5 percent

Continued 3PL Commitment to Sustainability

-- None of the CEOs involved in the 2009 survey had scaled back their
company's commitment to sustainability goals as a result of the
recession
-- 63 percent of CEOs surveyed reported expanding the existing
sustainability programs during the previous year
-- 71 percent of CEOs surveyed indicated they had launched completely new
sustainability initiatives during the same time frame

----------------------------------------------------------------------------
Table 1
Most Important Short-Term Sustainability Challenges Faced by 3PLs
----------------------------------------------------------------------------
Sustainability challenge Total Weighted Points*
----------------------------------------------------------------------------
Balancing sustainability efforts with customer 55 (10)
expectations for low-priced 3PL services
----------------------------------------------------------------------------
Identifying appropriate environmental 48 (6)
benchmarks/targets
----------------------------------------------------------------------------
Establishing sustainability priorities within the 47 (9)
company
----------------------------------------------------------------------------
Generating accurate company information related to 22 (4)
current sustainability practices
----------------------------------------------------------------------------
Developing an organizational sensitivity to 10 (1)
sustainability issues
----------------------------------------------------------------------------
*Number of "most important" mentions in ( )
----------------------------------------------------------------------------

Survey Design
In 2008, 39 CEOs completed surveys via an
Internet-based questionnaire. Companies participating in the annual
survey included: Cardinal Logistics, Caterpillar Logistics Services,
CEVA, DSC Logistics, DHL Exel Supply Chain, Genco, Kuehne + Nagel
Logistics, Landstar, Menlo Logistics, NYK Logistics, Panalpina, Penske
Logistics, Pittsburgh Logistics, Ryder, Schenker, Schneider Logistics,
Transplace.com, UPS Supply Chain Solutions, UTi, Wincanton and YRC
Logistics. In total, these companies are responsible for generating
approximately $60 billion in revenue.

In 2009, 35 CEOs completed surveys via an Internet-based questionnaire.
Companies participating in the annual survey included: Cardinal
Logistics, DSC Logistics, DHL Exel Supply Chain, Genco Supply Chain
Solutions, Kuehne+Nagel Logistics, Landstar, Menlo Logistics, Panalpina,
NYK Logistics, Penske Logistics, Pittsburgh Logistics, Ryder Integrated
Logistics, Schenker, Schneider Logistics, Transplace, UPS Supply Chain
Solutions, UTi Integrated Logistics, Caterpillar Logistics Services, CEVA
Logistics and Wincanton.

About Northeastern University's College of Business Administration

Northeastern University College of Business Administration, established
in 1922, provides its students -- undergraduate, graduate and executive
-- with the education, tools and experience necessary to launch and
accelerate successful business careers. The College credits its success
to expert faculty, close partnerships with industry and its emphasis on
rigorous academics combined with experiential learning.

The College is highly ranked by several prestigious publications.
BusinessWeek ranks the College 34th in its "Best Undergraduate B-schools"
and number one in internships, and students have ranked the undergraduate
program number one in job placement three years in a row in the
publication. The College's Bachelor of Science in International Business
program is ranked number thirteen by U.S. News & World Report. The
undergraduate program is also distinguished by The Princeton Review and
Entrepreneur magazine as number 14 of the U.S. top 25 entrepreneurship
programs. For more information about Northeastern University's College of
Business Administration, visit http://www.cba.neu.edu/.

About Penske Logistics
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, international freight
forwarding and carrier management. Visit www.PenskeLogistics.com to learn
more.

Contacts:

Alen Beljin
alen.beljin@penske.com
610-775-6364

Sabrina Micheali
sabrina.michaeli@porternovelli.com
212-601-8163

Copyright 2010, Market Wire, All rights reserved.

-0-