All Penske News

Penske Truck Leasing, Co., L.P. (PTL) Completes $1.7 Billion Debt and Equity Transactions

Tue, 1 May 2012 10:04:27 -0400

Penske and GE Capital Extend PTL Partnership to 2023; Investment Grade Ratings Received from Fitch, Moody’s and S&P
READING, Pa., April 30, 2012 - Penske Truck Leasing Co., L.P. (PTL) today announced that it has completed a series of transactions that include $700 million of new equity investments from its existing partners, Penske Corporation, Penske Automotive Group and General Electric Capital Corporation, and a new $1.0 billion five-year unsecured senior credit facility with a group of 17 financial institutions. In addition to increasing their investment in PTL, the partners have agreed to extend the term of the partnership to 2023.

Penske Teams with Support Military Spouses for Military Spouse Appreciation Day

Thu, 12 Apr 2012 11:30:53 -0400

READING, Pa., April 17, 2012 - Penske Truck Rental is supporting Military Spouse Appreciation Day by once again teaming up with the Shoeboxes for Military Spouses program and providing rental trucks for locations in North Carolina to help pick up and transport donated items. For more information on where and what to donate, visit www.SupportMilitarySpouses.org.

Penske Appoints Sherry Sanger Senior Vice President of Marketing

Fri, 30 Mar 2012 13:36:35 -0400

READING, Pa., April 2, 2012 - Penske Truck Leasing announced the appointment of Sherry Sanger as Senior Vice President of Marketing. Sanger, who was the company’s Vice President of Marketing since 2004, is now responsible for all marketing functions globally, which includes strategic marketing, promotional activities, market research and interactive marketing for Penske Truck Leasing and its subsidiary, Penske Logistics. Those product lines also include Penske Truck Rental and Penske Used Trucks.

Penske Earns PepsiCo Operational Excellence Award

Wed, 21 Mar 2012 11:14:04 -0400

READING, Pa., March 23, 2012 - PepsiCo Worldwide Flavours has honored Penske Logistics with its 2011 Operational Excellence Award for transportation management services.

Penske Debuts Annapolis Junction, Md., Collision Repair Center

Fri, 2 Mar 2012 10:44:13 -0500

READING, Pa., March 5, 2012 - Penske Truck Leasing has opened a truck collision repair center in Annapolis Junction, Md. The center does collision, box and trailer repairs, complete vehicle refinishing, and frame and alignment work for commercial trucks and vehicles. Penske is expected to hire nine new associates - six technicians and three administrative positions.

Penske Teams with Support Military Spouses to Spread Holiday Cheer

Thu, 15 Dec 2011 09:00:00 -0500

READING, Pa., Dec. 15, 2011 - Penske Truck Rental today announced it is once again supporting the Shoeboxes for Military Spouses program, providing rental trucks for 17 locations in North Carolina to help pick up and transport donated items. The North Carolina-based non-profit, Support Military Spouses, is the country’s only program dedicated to collecting and distributing shoebox gifts to military spouses.