Global Joint Ventures Announced

May 22, 2007
Penske Logistics and ABX Logistics will each hold a 50% stake in ABX-Penske Air & Sea located in Barueri, Sao Paulo, Brazil. The new joint venture will

Penske Logistics and ABX Logistics will each hold a 50% stake in ABX-Penske Air & Sea located in Barueri, Sao Paulo, Brazil. The new joint venture will provide international freight management services to customers in Brazil.

BDP Oman is the new joint venture company formed by US-based BDP International and Mustafa Sultan Enterprises LLC. The joint venture will operate under the aegis of Arshhiya Logistics LLC, offering international freight forwarding, customs brokerage, air, sea and land transportation, project logistics global logistics management and other services.

“Oman is one of the core growth markets in the Gulf Region, and we are honored to be here in this collaboration with Mustafa Sultan Enterprises,” said Ricahrd J. Bolte, Jr., president and CEO of BDP.

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