Penske Logistics to Acquire Transfreight North America

Penske Logistics announced it has reached an agreement to acquire Transfreight North America, a provider of third-party logistics and supply chain solutions, from Mitsui & Co., Ltd.

Noted Penske Logistics President Marc Althen, “This acquisition provides us with a very complementary mix of business and services as well as new team members from a highly customer-focused culture. Customers from both companies will benefit from the strengths of the combined organization’s industry expertise, technological capabilities, and the breadth of supply chain and logistics solutions.”

Transfreight North America currently operates from 27 locations across the Midwest, Canada and Mexico with headquarters in Erlanger, Kentucky, and in Kitchener, Ontario, Canada.

Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing. It has operations in North America, South America, Europe and Asia.

Category: General Update