READING, Pa. and BRUSSELS, Belgium - Penske Logistics and ABX LOGISTICS announced Friday a joint venture, ABX-Penske Air & Sea, to provide international freight management services to customers in Brazil.
ABX-Penske Air & Sea's headquarters will be located at Penske's South American headquarters in Barueri, Sao Paulo.
The joint venture is the first between the two companies since they announced a strategic global alliance in September 2006 to provide integrated, global supply chain solutions for multinational corporations.
Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing, a joint venture of Penske Corp. and General Electric. The company has offices and operations in North America, South America, Europe and Asia.
ABX LOGISTICS Worldwide has operations in 100 countries and a workforce of 10,000 employees.