Penske Truck Leasing Receiving $1.1 Million in Texas Sustainability Grants

READING, Pa., May 5, 2015 – Penske Truck Leasing is the recipient of four grants totaling $1.1 million from the Texas Commission on Environmental Quality (TCEQ) through the Texas Emissions Reduction Plan (TERP). It is expected the company will utilize the grants to subsidize the purchase of natural gas Freightliner Cascadia tractors equipped with Cummins Westport 12-liter engines.

Penske will likely deploy these trucks in its full-service truck leasing fleet in the Houston and Dallas markets.

“The Houston and Dallas metropolitan regions have been designated as target air-quality improvement areas and we’re happy to do our part in facilitating TERP’s vision,” said Drew Cullen, Penske Senior Vice President of Fuels and Facilities Services. “These funds will allow our customers to employ natural gas vehicles at a more competitive cost.”

Penske Truck Leasing is a transportation industry leader in the areas of spec’ing, operating and maintaining fleets of traditionally-fueled vehicles as well as alternative-fueled vehicles that includes natural gas, propane, electric and diesel-electric hybrids.

Penske Truck Leasing is an affiliate partner in the U.S. EPA SmartWay program and Penske Logistics is a partner in the trucking carrier and logistics categories. Penske Truck Leasing is also an affiliate partner in the Canada SmartWay Transport Partnership, which is administered by Natural Resources Canada.

In the U.S., Penske Truck Leasing has won the SmartWay Affiliate Challenge Award for the last three years. In 2015, Penske Truck Leasing was given the U.S. EPA Clean Air Excellence Award for the first time in company history.

Penske:

Penske Truck Leasing Co., L.P., headquartered in Reading, Pennsylvania, is a partnership of Penske Corporation, Penske Automotive Group, General Electric Capital Corporation and Mitsui & Co., Ltd. A leading global transportation services provider, Penske operates more than 216,000 vehicles and serves customers from more than 1,000 locations in North America, South America, Europe, Australia and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, used truck sales, transportation and warehousing management and supply chain management solutions.

To Strengthen and Expand Frankfurt as Europe’s No. 1 Air Cargo Hub

Air Cargo Community Frankfurt presents first results – Presentation to customs reduced by a third – Target: 3 million tons of air freight annually by 2020

May 5, 2015, Frankfurt - About one year after its foundation, the Air Cargo Community Frankfurt e.V. is setting the essential accents with which it sustainably promotes and develops the airfreight location of Frankfurt. The representative of the interests of all involved in the air freight process chain in Frankfurt reported specific results today at “transport logistic” in Munich. The intensive involvement of today’s 27 Community members has the objective that Frankfurt can consolidate and extend its position as the European Air Cargo Hub number 1.

Noticeable process optimization
The continuous improvement of processes at the location is clearly the focus of attention for the Community’s work. To this end, all processes in the air cargo supply chain are being accurately documented and investigated in order to develop appropriate optimizations. In this connection, the Air Cargo Community Frankfurt is also banking on an even closer cooperation with the authorities. Successfully: thanks to the intensive exchange with customs and the resulting introduction of a digital process, the time needed for presentation to customs at the location was reduced by one-third from 45 to 30 minutes.

"The example of presentation to customs clearly shows what is possible when all concerned come together on the neutral platform of the association and jointly contribute their know-how”, says Andreas Heil, Board Member of the Air Cargo Community Frankfurt and Vice- President Customs & Compliance Solutions at Kewill. “Furthermore, we see it as clear proof that the digitalization in our industry still has enormous potential to save valuable time and money”.

The members of the Air Cargo Community Frankfurt are firmly convinced that a comprehensive solution for data exchange and for documentation on a digital basis, in other words, the creation of an integrated freight process right across all interfaces, will lead to high economic benefits for all concerned – for the airlines as well the handlers, the freight forwarders, other service providers at the location and the customers sending their freight. In the opinion of the association, the “Fair@Link” system at the location has the necessary potential.

As up to now there is no scientifically-based evidence on how high the economic benefits of such a system really is, the Community together with the Frankfurt University of Applied Sciences is to conduct a cost-benefit research project. The study will take a look at the complete value-added chain at the location and is intended to reveal facts which prove beyond doubt the benefits which are created.

Active Community creates important transparency
“For the airlines, freight transport is very important. The Frankfurt hub not only handles large volumes on freighters, but is also very important in the additional carriage of freight by passenger aircraft. Because given the great economic pressure in the industry, the additional loading of freight can improve the route results and thus help optimize profits”, says Michael Hoppe, Board Member of the Air Cargo Community Frankfurt and Chairman of the Board of Airline Representatives in Germany (BARIG). “The work of the Air Cargo Community Frankfurt makes a contribution in many areas. This clearly underlines that the association represents the perfect platform on which the various companies and organizations come together in order to jointly achieve a great deal.”

The commitment of the members is indeed high. 60 representatives of member companies are actively involved in the three working groups to date. The communication of all concerned also guarantees a maximum level of transparency in all areas – in the definition of joint objectives as well as in processes, developments and the implementation of projects by the Community.

“Transparency is the key to success”, adds Joachim von Winning, CEO of the Air Cargo Community Frankfurt. “It serves the purposes of quality assurance, because processes and procedures become understandable. It also ensures that projects and developments take place in the interest of all parties. And, last but not least, it represents the basis for mutual trust, especially towards the business partners.

Benchmarking with other airports
Another ambitious project of the Air Cargo Community Frankfurt will measure the performance capacity of the location in comparison with other airports. For this purpose, a completely new benchmarking process will be developed. The results should show, on the one hand, how quickly and efficiently Frankfurt operates in comparison with other major airports abroad. On the other hand, the association hopes to gain further insights as to where possible additional optimization opportunities exist.

Location with a high quality of service
The Frankfurt location should not only create an image for itself in terms of speed, according to the Air Cargo Community Frankfurt. It aims to establish itself generally the quality leader.

“In terms of reliability, Frankfurt already sets an example today”, says Christoph Schneider, Branch Manager of IJS Global, a member of the Air Cargo Community Frankfurt. “The quality of an air freight location is often reflected in how reliably the handling of difficult or special transports is handled. And it is precisely in this area where Frankfurt is ideally placed”.

With the introduction of consistently high quality standards, the Air Cargo Community Frankfurt wants to ensure that the excellent level at the location will be secured in the long term, and simultaneously signalizes to the business partners the reliability of the location.

Frankfurt is Europe's leading pharmaceutical hub
A particular emphasis is placed on the complex area of pharmaceutical shipments, where Frankfurt is extremely well-positioned. In fact, the location is the leading pharmaceuticals hub in Europe. Temperature-controlled transport on the apron, the temperature-controlled, GDP-certified storage area of over 7,000 square metres and, last but not least, the complete documentation process, demonstrate the enormous strength of Frankfurt in this area. Yet, the Air Cargo Community Frankfurt is seeking the accelerate processes in the area too. It is aiming to achieve a reduction in the average length of stay of the shipments on the apron from the current 90 to between 45 and a maximum of 60 minutes. In order that the performance of the location with pharmaceutical shipments is verifiable, the Community is preparing a comprehensive certification of this area.

“With our work we are making a major contribution to ensuring that the location can gain additional market share in the freight business and, at the same time, the added value continues to rise”, emphasizes Dr. Karl-Rudolf Rupprecht, CEO of Air Cargo Community Frankfurt and Member of the Executive Board Operations at Lufthansa Cargo. “Below the line, we want to ensure that more air cargo is handled via Frankfurt, so that the annual volume of air cargo handling in Frankfurt grows from 2.2 million tons last year to a total of ?3 million tons by 2020”.


Air Cargo Community Frankfurt e.V.
The Air Cargo Community Frankfurt e.V. is an association of companies, institutions and organizations with the clear objective of promoting the airfreight location of Frankfurt. Its total of 27 members include representatives of all areas of the air cargo supply chain. The association has three working groups' Temperature-controlled Transport ',' Processes & Infrastructure "and "Location Marketing & Community Building", as well as various specialist groups which represent the entire range of services offered at the  airfreight location of Frankfurt. The prime objective is that the Frankfurt Airport will, also in future, continue to clearly be Europe’s No. 1 in the air freight business and, as the leading cargo hub, significantly enhance its competitiveness compared with other airports in neighboring countries. The location of Frankfurt, today with more than 2.2 million tons of air freight (2014) and 11,600 employees in the cargo area, should also continue to grow significantly in the coming years and, in doing so, capture an even larger share of global freight volumes for itself.

UPS APPOINTS EDWARD ROGERS GLOBAL DIRECTOR OF SUSTAINABILITY

Steve Leffin to Retire After More Than 30 Years at UPS
       
       ATLANTA, May 1, 2015 – UPS® (NYSE:UPS) today announced that Edward Rogers will become the company’s new Global Director of Sustainability, effective immediately. Rogers succeeds Steve Leffin who helped create UPS’s sustainability strategy and led a number of successful initiatives during his seven years guiding UPS’s Sustainability group globally. During this period, the company became one of the first U.S. companies to meet the Global Reporting Initiative (GRI) G4 framework at the comprehensive level, exemplifying its leadership in reporting transparency and credibility.
       
       “UPS is committed to minimizing our environmental impact in every aspect of our service to customers,” said Rhonda Clark, UPS chief sustainability officer and vice president of environmental affairs. “We are grateful to Steve for his more than three decades of service to UPS and strong collaboration with environmental leaders around the world. Ed Rogers’ former role as global strategy manager and his new post as Global Director of Sustainability align perfectly and will help the company continue to implement industry-leading sustainability practices.”
           
        Rogers joined UPS in 1994. In the corporate strategy group, he led projects related to strategic planning, enterprise strategy communication, corporate development, corporate venturing, sustainability strategy and enterprise risk management. He has served in various positions across UPS, including as an industrial engineering staff manager and as the industrial engineering manager for the Gulf South district. Prior to joining UPS, Rogers served four years as a captain in the U.S. Air Force in Dayton, Ohio, managing programs to modernize the defense manufacturing industry, and as an engineering management consultant. Rogers is a member of the Council of Supply Chain Management Professionals and the Institute of Industrial Engineers.
       
       UPS’s sustainability initiatives are focused in four strategic areas: environmental responsibility, economic enhancement, empowered people and connected communities. For more information, please view the company's most recent Corporate Sustainability Report at ups.com/sustainability.

About UPS

       UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. UPS is committed to operating more sustainably – for customers, the environment and the communities we serve around the world.  Learn more about our efforts at ups.com/sustainability. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at ups.com® and its corporate blog can be found at Longitudes.ups.com.

UPS Store Campaign

The UPS Store Launches Small Biz Salute Campaign in Celebration of Small Business Week

       SAN DIEGO, May 4, 2015 – As an extension of its commitment to the small business community, The UPS Store® today announced the launch of its Small Biz Salute campaign, which celebrates small business owners nationwide during National Small Business Week.

       Small Biz Salute rewards and honors small businesses for their hard work and gives them an opportunity to network and support each other. According to survey results released by The UPS Store1, 73 percent of small business owners would find a firsthand connection with others in their industry helpful. In addition, 82 percent of small business owners who worked with a mentor while starting their business found the experience helpful in getting them through the process.

       In an effort to facilitate the link between small business owners, The UPS Store is launching the week-long campaign to give entrepreneurs in several of the nation’s top small business cities – Seattle, Austin and Atlanta – special opportunities to make meaningful connections with other entrepreneurs in their communities and gain valuable advice from small business experts.

       “National Small Business Week is a special week for The UPS Store as it gives us an opportunity to further our support and commitment to small business owners,” said Michelle Van Slyke, vice president of marketing and sales at The UPS Store. “Support for entrepreneurs comes in many forms, so Small Biz Salute was established to recognize small business owners for their hard work in their communities and help small businesses meet, celebrate and support one another.”

    The UPS Store’s Small Biz Salute events in the three cities will celebrate and unite local small business owners. The week-long activities include:

*         Local coffee shop takeovers. To help raise awareness about locally owned businesses, The UPS Store will be at select coffee shops in the three cities giving away free coffee* to consumers who choose to patronize small businesses. The UPS Store will also surprise co-working, startup and small business spaces through surprise coffee deliveries to their front doors.
*         Evening happy hours hosted by The UPS Store, featuring local small business experts and chapter representatives from SCORE, a nonprofit dedicated to helping small businesses through education and mentorship, who will offer valuable advice on topics relevant to small business owners. The events will provide an opportunity for entrepreneurs to make one-on-one connections, learn from other small business owners and expand their network.  
    “The UPS Store is committed to helping small business owners launch and grow their businesses in any way we can,” said Van Slyke. “Small Biz Salute is our chance to take a moment to pause, recognize and celebrate those who do so much for our local communities and economies.”
   
       The UPS Store is encouraging people nationwide to show their support of small business owners by sharing and celebrating their favorite small businesses on social media using the hashtag #SmallBizSalute.

       With more than 4,400 locations across the United States, The UPS Store is committed to helping small business owners launch and grow their business – from meeting their packing and shipping demands and their mail and print needs to offering complimentary online resources and discounted referral products and services. The UPS Store’s innovative approach to helping the everyday entrepreneur includes offering 3D printing services, business consulting, and opportunities for mentoring among small business owner customers.

       For more information about The UPS Store’s Small Biz Salute campaign, visit theupsstore.com/smallbizsalute. To learn more about The UPS Store’s services for small businesses, visit theupsstore.com/small-business-solutions.

1 - Survey Methodology
The results of the survey are based on an online survey conducted January 20 – 26, 2015, by The UPS Store, Inc., franchisor of The UPS Store network, with general consumers age 18+ and small business owners. The online study was conducted with 1,200 general consumers and 506 small business owners. For more results from The UPS Store survey, visit theupsstore.com/score.
*Free coffee will cover each patron’s entire tab between the hours of 8am-11am in Austin and 7am-11am in both Seattle and Atlanta.  No purchase necessary.


About The UPS Store

With more than 4,400 locations, The UPS Store network comprises the nation’s largest franchise system of retail shipping, postal, print and business service centers. The UPS Store locations in the U.S. are independently owned and operated by licensed franchisees of The UPS Store, Inc., a subsidiary of UPS (NYSE: UPS). Services, products, pricing and hours of operation may vary by location. For additional information on The UPS Store, visit theupsstore.com. For information on franchise opportunities for opening a The UPS Store location, visit theupsstorefranchise.com.

Americold Launches Reporting Tool

Americold Launches Next Generation of its i-3PL Visibility and Reporting Tool

ATLANTA, Georgia – (May 4, 2015) – Americold, a global leader in temperature-controlled warehousing and logistics to the food industry, announced today the launch of the next generation of its temperature-controlled supply chain visibility and reporting tool, i-3PL.

“Americold continues to make significant investments in its technology to ensure our position as the premier provider of supply chain and logistics solutions for our customers,” commented Thomas Musgrave, Executive Vice President and Chief Information Officer for Americold in a press release.

“We’ve made strides each year to improve our technology platform, and on May 4, 2015, we continue this progress with the external launch of the latest evolution of our i-3PL supply chain visibility and reporting tool.”

The company’s i-3PL application offers customers a portal view to track inventory throughout more than 145 Americold facilities across the U.S. The depth of information available and the scope of Americold’s nationwide facility network is unmatched by any other temperature-controlled warehousing and distribution provider.  Customers can view and manage their inventory, check the status of shipments, enter and update orders, place orders on hold, run reports and manage alerts based on data from across the U.S. Americold network.

All data is available through EDI integration, making the information resident within a customer’s ERP system, but it’s also available instantaneously through Americold’s online portal www.i-3pl.com as well as dynamically on any web-enabled smart device.  This places real-time analytics into customers’ hands wherever they may be, and empowers more qualified decision making by providing direct access to inventory levels, reporting, pallet tracking and alert management.  As customers increasingly adopt management-by-exception, Americold’s i-3PL solution will proactively notify them should an order fall out of tolerance. This is a huge efficiency advancement for customers.

Americold’s original i-3PL product was launched in 1999 and was precedent-setting in the management of temperature-controlled supply chains.  Since then, it has grown to over 30,000 monthly user logins, generating more than 100,000 monthly customized reports that track 3.5 billion cases annually.

In preparation for the launch, Americold held focus sessions with customers to ensure that the user interface, streamlined navigation, and features of the redesign exceeded expectations.  In addition to customer suggestions, key enhancements include support for all web-enabled handheld devices, role-based functionality, personalized dashboards tailored to a user’s specific needs, and a performance boost to increase report calculation response times.  To support this release, enhanced training and reference videos have been produced for customers to simplify the transition to the upgraded system.

“i-3PL provides our customers with the ability to manage all inventory across their entire enterprise.  It streamlines their supply chain management process and enhances the levels of service provided for our customers’ customers,” said Keith Goldsmith, Executive Vice President and Chief Commercial Offer at Americold.  “The latest release of i-3PL shows our continued investment in our market-leading technology platform, and we will continue to advance i-3PL with additional functionality that allows our customers to manage their business with even greater efficiency.”


About Americold

Americold is the global leader in temperature controlled warehousing and transportation solutions to the food industry, offering the most comprehensive suite of storage, distribution and value-added logistics services in the world. Based in Atlanta, Georgia, Americold owns and operates over 175 temperature-controlled warehouses, with more than 1 billion cubic feet of storage, in the United States, Australia, New Zealand, China, Argentina and Canada. Americold’s warehouses are an integral component of the supply chain connecting food producers, processors, distributors, and retailers to consumers. Americold serves more than 3,000 customers and employs 12,000 associates worldwide. More information about Americold is at www.americold.com.

Ryder Canada Extends Partnership with CIT

Ryder Canada Extends Partnership with CIT to Offer Its Customers more Financing Options for Pre-Owned Vehicles

MIAMI, May 4, 2015 – Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions,  today announced that it is making it easier than ever for customers to finance quality pre-owned vehicles.  The Company recently extended its U.S. preferred lender agreement with CIT Group Inc. (NYSE: CIT), a leading provider of commercial lending and leasing services, to now include Ryder customers in Canada.

For the past four years, CIT, through its Direct Capital Corporation subsidiary, has been a preferred lender for Ryder Pre-Owned Vehicle Sales Centers across the United States.  The Canadian partnership adds CIT to a list of preferred lenders, providing Ryder customers with more options for lending partners.  The partnership increases the variety of highly competitive financing programs and additional alternatives for Ryder customers across Canada.

“We are pleased to extend the benefits of this partnership to Canadian businesses looking for the best rates and more financing options for quality pre-owned vehicles,” stated Michael Cagney, Director Asset Management Ryder Canada.  “Offering our customers the convenience of a true, one-stop resource is a key initiative for Ryder. With this agreement, our customers can take advantage of financing options that will help their businesses grow, while reducing financing costs.”

Blake Macaskill, Managing Director of CIT Canada, said, “We are excited to be developing and expanding our partnership with Ryder Canada.  One of the many benefits of the CIT acquisition of Direct Capital is the ability to offer our partners consistent financing programs in both Canada and the United States.”

Customers across Canada can choose from Ryder’s vast selection of pre-owned cab and chassis trucks, including diesel-powered straight truck models with a full range of payload capacities.  Ryder currently offers the largest inventory of pre-owned vehicles for sale in North America, selling more than 17,000 vehicles a year from over 59 used truck centers across North America, including seven in Canada.  To view Ryder’s complete Canadian coast to coast inventory, please visit, www.ryderusedtruck.ca.

About Ryder

Ryder is a FORTUNE 500® commercial fleet management, dedicated transportation, and supply chain solutions company.  Ryder’s stock (NYSE:R) is a component of the Dow Jones Transportation Average and the Standard & Poor’s 500 Index.  Inbound Logistics magazine has recognized Ryder as a top third party logistics provider and green supply chain partner.  In addition, Security Magazine has named Ryder one of the top companies for security practices in the transportation, logistics, supply chain, and warehousing sector.  Ryder Canada is a proud supporter of the Canadian Cancer Society, a national community-based organization of volunteers whose mission is the eradication of cancer and the enhancement of the quality of life of people living with cancer.  For more information, visit www.ryder.com and follow us on Facebook, YouTube, Twitter, and on our Online Newsroom.

About CIT

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment and rail leasing. CIT’s U.S. bank subsidiary CIT Bank (Member FDIC), BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. cit.com.


Note Regarding Forward-Looking Statements:  Certain statements and information included in this news release  are "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995.  These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions.  Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission.  New risks emerge from time to time.  It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business.  Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

CP Announcement

Canadian Pacific announces the appointment of Mark Erceg as Chief Financial Officer

CALGARY, May 4, 2015 - Canadian Pacific (TSX:CP) (NYSE:CP) today announced that Mark Erceg has been appointed Executive Vice-President and Chief Financial Officer effective May 18, 2015.

Erceg joins CP from Masonite International Corp. where he had been Executive Vice-President and Chief Financial Officer since 2010. Erceg brings to CP over 20 years of financial management experience.

"After a comprehensive search, it was clear that Mark was the right individual for the job," said E. Hunter Harrison, CP's Chief Executive Officer. "Mark has the breadth of experience necessary to spearhead the continued growth of CP's business and play an integral part alongside the executive team, employees and the Board in driving the company forward and continuing to enhance shareholder value."

Effective May 18, Mr. Erceg will take over day-to-day CFO duties with outgoing CFO, Mr. Bart Demosky, supporting a smooth and seamless transition until his own departure on May 31.

"I am honoured to be joining such an innovative, forward-thinking and iconic company," said Erceg. "Under Mr. Harrison's leadership, CP has made tremendous progress since 2012 and I am excited to be part of the next chapter in the CP story."

As CP's Executive Vice-President and CFO, Erceg will be a key member of the senior management team responsible for helping plan the long-term strategic direction of the company. Other responsibilities will include financial planning, reporting and accounting systems as well as pension, treasury and tax. Erceg holds a bachelor's degree in accounting and an MBA in finance from the University of Indiana.

About Canadian Pacific:

Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of Canadian Pacific.
SOURCE: Canadian Pacific