Japanese trading company Mitsui & Co. has signed an agreement to sell Transfreight North America (TFNA), its wholly owned U.S. logistics subsidiary, to Penske Logistics for an undisclosed sum. TFNA is based in Kentucky, while Penske Logistics, a 100 percent subsidiary of Penske Truck Leasing, is headquartered in Pennsylvania. TFNA provides logistics services, primarily to automotive manufacturers, while Penske Logistics provides a wide range of logistics and supply chain solutions.