Penske Given Operational Excellence Award by Knoll, Inc.

READING, Pa., April 19, 2016 — Knoll, Inc., has bestowed upon Penske Logistics its 2015 Operational Excellence Award, to recognize the third-party logistics provider's strong performance in the areas of cost, quality and service.

"Our company appreciates the recognition that Knoll has provided to Penske Logistics," stated Marc Althen, Penske Logistics President.

Penske provides Knoll with transportation management, fleet management and warehouse operation services in the United States and Canada.

Knoll suppliers that receive the Knoll Operational Excellence Award have demonstrated sustained achievement of key performance metrics. They have also proven that they are capable of consistently and reliably executing through these key measures and results.

"This honor simply reinforces and reaffirms the dedication and hard work demonstrated by both the Knoll and Penske teams each and every day," said Jeff Jackson, Penske Logistics Senior Vice President of Operations.

Knoll Director of Logistics Susan Bender said: "Knoll is proud of helping clients create inspired modern interiors with partners like Penske that contribute to our composing integrated products and services that naturally work together."

Knoll is a constellation of design-driven brands and people, working together with our clients to create inspired modern interiors. Our internationally recognized portfolio includes furniture, textiles, leathers, accessories, and architectural and acoustical elements brands. These brands—Knoll Office, KnollStudio, KnollTextiles, KnollExtra, Spinneybeck | FilzFelt, Edelman Leather, and HOLLY HUNT—reflect our commitment to modern design that meets the diverse requirements of high performance workplaces and luxury interiors. A recipient of the National Design Award for Corporate and Institutional Achievement from the Smithsonian's Cooper-Hewitt, National Design Museum, Knoll is aligned with the U.S. Green Building Council and the Canadian Green Building Council and can help organizations achieve Leadership in Energy and Environmental Design (LEED) workplace certification. Knoll is the founding sponsor of the World Monuments Fund Modernism at Risk program.

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. Penske Logistics on social media: Move Ahead Blog, Facebook, Twitter, LinkedIn and YouTube.