Penske Logistics has opened a new 110,000 sqft distribution centre in Manaus, Brazil
According to Bill Scroggie, managing director of Penske Logistics Brazil, operating near an important industrial free trade zone will enable Penske to provide much-needed warehousing services to manufacturers in the region
Penske Logistics Brazil will store and ship Whirlpool brand air conditioners and microwaves to the company's retail customers throughout Brazil
Penske also performs warehousing, sequencing, inbound and outbound transportation services across Whirlpool product lines in the US, Canada, Mexico and Brazil
Fred Green, President and Chief Executive Officer, departing after 34 years of service.
The Group delivered a profit of USD 1.2bn (USD 1.2bn) and a return on invested capital (ROIC) of 10.0% (11.7%) for Q1.
UPS today announced it has the necessary financing in place for its intended recommended public offer for TNT Express N.V.