Penske Logistics, a third-party logistics and supply chain management solutions company, has named Michael Casidy managing director of Mexico, overseeing an expanded operation.
Penske Logistics has been operating in Mexico for 17 years and currently employs more than 1,000.
“Over the last several years, we have continued to experience business growth with manufacturing customers in Mexico that until now we have managed from the U.S.,” said Marc Althen, president of Penske Logistics. “Our concentration and volume of business is now significant enough with several leading manufacturers to warrant a more-formalized and centralized leadership structure in Mexico.”
Casidy has been with Penske Logistics for 14 years in a variety of operational leadership roles. Most recently, he was based in Texas and served as Penske’s distribution center management product line leader for the company’s Western Region.
“We see a significant opportunity to grow our business and diversify the kinds of industries we serve in Mexico beyond the automotive sector,” Althen added. “We’re pleased to have an experienced operations leader like Mike in this new role.”
In his new role, Casidy is responsible for leading and growing logistics business in Mexico. He will be based in Saltillo, Mexico, which will now function as the Mexico headquarters for Penske Logistics.
Penske Logistics provides a variety of logistics solutions for manufacturers and shippers in Mexico. These include cross-border shipments via truck, intermodal shipments, transportation and carrier management, distribution center and warehouse management, lead logistics, cross-docking, in-plant material follow-up, and others.