Penske Joins CargoNet to Enhance Supply Chain Security

READING, Pa., June 16, 2014 – Penske Logistics has joined CargoNet to enhance its existing freight management security practices for its shipper customers. CargoNet helps prevent cargo theft and improves recovery rates through secure and controlled information sharing among theft victims, their business partners and law enforcement officials. CargoNet uses a national database and information-sharing system managed by crime analysts and subject-matter experts. CargoNet is a division of Verisk Crime Analytics (Nasdaq: VRSK).

“We joined CargoNet to provide us with greater visibility across different states and regions of the United States,” explained Aaron Henderson, Penske's Director of Loss Prevention. “It allows us to better identify areas that require additional security and when a theft does take place we're able to move quickly to recover the assets.”

“We are pleased to see Penske Logistics support the CargoNet program,” said Anthony Canale, CargoNet General Manager. “A company such as Penske, which already has a robust security program in place, understands that CargoNet membership provides an additional dimension to their existing prevention and recovery strategies.”

A leading provider of crime prevention services to retailers, manufacturers, logistics companies, equipment owners, and insurance companies, Verisk Crime Analytics also offers data and analytical support to law enforcement. Verisk Crime Analytics provides a comprehensive suite of data management, analytic, and theft prevention services that include prediction, mitigation, response, and recovery. For more information, visit www.verisk.com/crimeanalytics.

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 leading companies around the world. Penske Logistics delivers value through its design, planning and execution in transportation, warehousing and freight management. To learn more visit www.PenskeLogistics.com. Connect with Penske Logistics on social media: Move Ahead Blog, Facebook, Twitter, LinkedIn and YouTube.