Penske Truck Leasing, Co., L.P. (PTL) Completes $1.7 Billion Debt and Equity Transactions
<p><strong>Penske and GE Capital Extend PTL Partnership to 2023</strong></p><p><strong>Investment Grade Ratings Received from Fitch, Moody’s and S&P</strong></p><p>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.</p><p>PTL expects to use the $700 million of equity proceeds to retire existing debt while capacity under the new bank credit facility will be kept available to finance working capital and support the future growth of the business. PTL will continue to retain a credit agreement with GE Capital which, if not earlier repaid, will continue until 2018.</p><p>Brian Hard, President and CEO of PTL said “over the last 40 years, including 24 years in partnership with GE Capital, we have built an outstanding brand in the transportation industry. We are excited that our partners have increased their commitment to us by investing significant capital and extending the term of the partnership. In addition, we are pleased that some of the leading financial institutions in the world have agreed to provide us with a new $1.0 billion unsecured credit facility which reflects their confidence in the strength of our business model.” </p><p align="center">PTL also announced that it had received investment grade ratings from three major rating agencies: Fitch, Moody’s and Standard & Poors. Hard added, “we’re very pleased that the rating agencies have recognized our company’s financial strength and long history of consistent performance. These strong credit ratings will allow us to consider additional diversified sources of capital in the financial markets.”</p><p>Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint venture of Penske Corporation, Penske Automotive Group and General Electric Capital Corporation. A leading global transportation services provider, Penske operates more than 200,000 vehicles and serves customers from more than 1,000 locations in North America, South America, Europe and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, used truck sales, transportation and warehousing management and supply chain management solutions. To learn more about Penske’s products and services please visit <a href="https://www.gopenske.com/">https://www.gopenske.com/</a> and our “<a href="http://blog.gopenske.com/">Move Ahead</a>” blog.</p><p><em>By "Move Ahead" Staff</em></p><p><strong> </strong></p></div>
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Penske Truck Rental Customer Service Goes Social
April 30, 2012
Formed last summer, the Penske Cares team observes and responds to online social network discussions via Twitter, Facebook, blogs and other forums from Penske’s headquarters in Reading, Pa., in an effort to assist current and potential consumer truck rental customers. The team is part of the company’s central reservations call center and collaborates very closely with the company’s 24/7 roadside assistance call center, and corporate communications as well.
<p>Members of the team communicate with customers via a variety of social media channels, toll-free calls, and real-time chats on the company’s website. The team operates seven days a week, from 7 a.m. to 1 a.m., Eastern time.</p><p>Jeff Werner, director of central reservations, stated: “the Penske Cares team has become a vital group for our department. With social media continuing to grow, we want to be able to provide the best customer experience for our customers.”</p><p>During a typical day, Penske customers express excitement about moving day, ask friends and followers online which are the <a href="http://www.pensketruckrental.com/moving-trucks/">best moving trucks to rent,</a> post photos of their trucks, and in some cases, even vent their frustrations with a delayed pick-up or drop-off process, or a truck breakdown.</p><p><img class="rm-shortcode" data-rm-shortcode-id="5471dde23b2d90d18ba26fb05c1c45bc" data-rm-shortcode-name="rebelmouse-image" id="30562" type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8xOTEyNzA3My9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTY1MzYwNjQwOH0.bWM9gXIYMP2V5t4xsX83blWIIABU9UdRQF6Yq6Zy0KA/img.png?width=980"/>Via the <a href="https://twitter.com/#!/penskecares">team’s Twitter page</a>, Penske Cares includes website links for helpful moving tips and the <a href="http://www.pensketruckrental.com/discounts/">myriad of discounts</a> available, which includes reduced rates for AAA and CAA members, college students and active duty U.S. military, and <a href="http://www.pensketruckrental.com/discounts/">partner promotions</a> with industry leaders like Home Depot, Best Western and Shell.</p><p>Co-managing the team are supervisors Becca Hirneisen and Greg Sterner. Hirneisen has been with the company for 11 years, Sterner for nearly 12. Both have taken advantage of Penske’s tuition reimbursement program. Hirneisen earned a bachelor’s degree in business administration, attending classes at night. Sterner ‘s going the same route, and is a few credits shy of a business degree.</p><p>Sterner pointed out that the Penske Cares team can also develop into a new way to connect with customers and to help provide a better experience.</p><p>“The immediacy is the key to it all,” he said. “We’re reaching people in a way we could not just a few years ago. As a result, our customers feel special, and we let them know we’re here, and that we can help if needed.”</p><p>Hirneisen added: “this team allows us to take customer service to the next level. We want to be passionately personal and when customers hear from us online, they’re generally happy by the end. The majority of the time, most people are surprised that we found them online.”</p><p><strong>Observations from the Penske Cares Team </strong></p><p><img class="rm-shortcode" data-rm-shortcode-id="f1443330d8898baac937c5669180ac9b" data-rm-shortcode-name="rebelmouse-image" id="16173" type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8xOTEyNzA3NS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY1Mzk0MzQ0MX0.0u0DISBo2gQQdOTY5yCDGGTR6H5g5xSVHiM708E26Kk/img.jpg?width=980"/>Rental support coordinators Taryn Hammerschmidt, Andy Lawrence, Dallas Mugno and Scott Philips enjoy the cutting-edge component of working with customers in a newer medium.</p><p>“We’re excited to be doing it, and any way that the customer can reach out to a larger company is nice,” Philips noted. “We’re younger and we understand how to fully communicate with customers in this way. I like using social media – it’s putting us in the now and getting us involved with the customer.”</p><p>Mugno, a former small-business owner who found new customers via Facebook, noticed Penske’s name surfacing during a series of tweets online, discussing which company to use for an upcoming move. “Now, we are able to view customers and see the way they talk, and that puts us all in the same room,” he said.</p><p>Proactively, he reached out. The person responded and made a truck rental reservation. Mugno explained that the Penske Cares team is able to go beyond the concept of a customer call center.</p><p>“Since this conversation was in a public forum that allowed us to reach out to them – we would not have otherwise known the opportunity was available.”</p><p>Hammerschimdt had observed the tweets of a West Coast nightclub owner with a healthy list of followers. “He was seeking the right moving equipment for trips to Nevada,” she recalled.</p><p><img class="rm-shortcode" data-rm-shortcode-id="f20397ba8e341df47aa6801efd7ed274" data-rm-shortcode-name="rebelmouse-image" id="d2bda" type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8xOTEyNzA3Ny9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYxODA4NDg3OH0.CIXCM-djxIV0ioyrPPBxmzOaVp9dK9n-X2joQ2loAYY/img.jpg?width=980"/>So, Hammerschmidt reached out to the customer, and offered a few options. After contacting the local Penske office on his behalf, she was able find a perfect match for the customer’s needs, and help the customer complete his reservation.</p><p>“We try to work as a team, and make sure that the customer is comfortable with us,” she said.</p><p>Lawrence recalled: “a gratifying social media experience for me was being able to quickly assist a customer who had posted on Twitter about a short-notice <a href="http://www.pensketruckrental.com/discounts/military/">military move</a> and how stressed they were about finding a truck. I quickly eased her tension by finding a truck and helping her through the reservation process. At the end of the call, the customer was very grateful for the personal attention and prompt help during a stressful time.”</p><p>Werner, the central reservations director, understands the value of having a group of Penske associates utilizing social media tools to connect with customers and provide a better experience when possible.</p><p>“Our team is completely dedicated to taking care of the customer,” he noted. “Whether it is identifying a potential customer move, handling customers concerns immediately, or simply responding to a social network post. We are excited to be able to offer this service, and look forward to connecting to our current and future customers through social media.”</p><p align="right"><em>By Alen Beljin</em></p><p><em> </em></p><p><em>Photo identifications for the Penske Cares team, and their supervisors.</em></p><p>Top photo, from left: Andy Lawrence, Scott Philips, Evan Gamboa, Taryn Hammerschimdt, Becca Hirneisen, Lindsey Villecco and Ryan Bramble</p><p>Second photo, from left: Rick Bucks, Greg Sterner, Amy Welder, Tony Kozuch, Helena Lucasti, Ryan Dixon, Dallas Mugno and Jordan Bingaman</p><p>https://twitter.com/#!/PenskeNews/status/196943068438609920</p></div>
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Penske Truck Leasing will exhibit at theNational Private Truck Council (NPTC) Annual Education Management Conference & Exhibition, from April 29 to May 1 in Cincinnati, Ohio. It will once again take place at the Duke Energy Convention Center and Hilton Netherland Plaza Hotel.
<p>Penske’s transportation experts will be in booth 407 to advise on <a href="https://www.pensketruckleasing.com/">preventive maintenance</a> programs, <a href="https://www.pensketruckleasing.com/teamlease/">lease finance</a> options, <a href="https://www.pensketruckleasing.com/tracking-performance/">fleet tracking</a> technologies and other items of note. Fleet managers can also visit to obtain a complimentary copy of their company’s <a href="https://www.pensketruckleasing.com/safety/comprehensive-safety-analysis.html">CSA scores</a>.</p><p>Penske is hosting the first-timer orientation breakfast. The company is a long-time supporter, board participant and a five-star member of NPTC.</p><p>https://twitter.com/#!/PenskeNews/status/189417586562306049</p><p align="right"><em>By Alen Beljin </em></p></div>
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Vote for Penske Logistics as a Top 3PL
April 24, 2012
Be sure to cast your vote forPenske Logistics as a Top 3PL in Inbound Logistics magazine’s annual voting. To vote, click here and fill in the form. Thanks for your support and consideration.
<p align="right"><em>By “Move Ahead” Staff</em></p><p>https://twitter.com/#!/PenskeNews/status/194809911677423616</p></div>
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Penske Participating in Milicruit Online May Career Fairs
April 23, 2012
Penske will participate in two Milicruit online careers fairs during the month of May.Milicruit is a website devoted to pairing U.S. military veterans with prospective employers through online employment fairs.
<p>On Monday, May 7, from 1 p.m. to 4 p.m. ET, Penske will take part in Milicruit’s online career fair for <a href="https://www.gopenske.com/newsroom/2012_4_17_military_spouses.html">Military Spouse Appreciation Day</a>. On Wednesday, May 23, also from 1 p.m. to 4 p.m. ET, Penske will be seeking new associates.</p><p>Penske human resources staff will host real-time chats with prospective associates for both online fairs.</p><p>Currently, Penske is seeking to fill openings across the U.S., for jobs such as <a href="https://www.gopenske.com/careers/">technicians/mechanics</a>, <a href="https://www.gopenske.com/careers/">vehicle maintenance supervisors/managers</a>, <a href="https://www.gopenske.com/careers/">drivers</a>, <a href="https://www.gopenske.com/career_paths/sales.html">sales</a> and <a href="https://www.gopenske.com/career_paths/customer_service.html">customer service</a>.</p><p>Penske is on the current G.I. Jobs magazine Top 100 Military Friendly Employers ®list, placing 83<sup>rd</sup> on the overall list, and 10<sup>th</sup> in the transportation industry.</p><p>For more information about open positions, visit <a href="https://www.gopenske.com/careers/" title="Jobs at Penske">Penske’s careers page </a>or follow the company on Twitter, <a href="http://http/twitter.com/gopenskecareers">@GoPenskeCareers</a>. We offer competitive wages and a wide range of benefits. Penske is an Equal Opportunity Employer.</p><p>https://twitter.com/#!/GoPenskeCareers/status/194460627828355072</p><p align="right"><em>By Alen Beljin</em></p></div>
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Earth Day Tip: SmartWay Makes Sense - Join Today
April 20, 2012
In an effort to recognize Earth Day on Sunday,Penske Truck Leasing, Penske Truck Rental and Penske Logistics encourages everyone in the transportation and logistics sectors to consider joining the EPA’s SmartWay Transport Partnership to help further reduce fuel consumption needs and emissions.
<p>One of the first simple steps any transportation company can take to help with fuel conservation is to join SmartWay, a unique public-private partnership, created by the U.S. Environmental Protection Agency (EPA). There is no cost to join.</p><p>“There are a multitude of benefits to joining the SmartWay Transport Partnership,” noted Drew Cullen, Penske vice president of energy and telecommunication services. “In addition to the verification of fuel and emissions saving technologies and available financing for fleets adopting these technologies, SmartWay partners have access to certified tools to measure and benchmark their fleet performance.”</p><p>These tools – designed with input from the freight industry – help to benchmark fuel consumption and emission rates for individual fleets <em>(</em>truckload, less-than-truckload, etc<em>.)</em> and truck improvement. Upon joining, you will be asked to complete the data assessment tool using basic operational data, such as fleet type, class and age, fuel use, idle times, number of miles traveled, payload, transportation modes and related information.</p><p>Once your data is inputted into SmartWay’s calculator tool, a series of calculations are run and a fleet is provided with an assessment that details fuel consumption patterns, CO2 and other air pollution outputs. The program also offers guidance on strategies for lowering fuel use and emissions, such as truck and equipment upgrades, modal shift alternatives, and others.</p><p>After completing the tool for the first time, fleets check in annually to update their operations data and check on the progress they are making to achieve their fuel-savings and environmental performance goals.</p><p>“Freight shippers in the SmartWay partnership use these tools to measure the volume of freight they move with SmartWay and non-SmartWay companies, and increasingly are requiring logistics and trucking companies to be in the partnership in order to do business with them,” Cullen continued. “The end result is the potential for more business opportunities if you are a SmartWay partner.”</p><p>For companies that achieve their goals and contribute to other elements of the SmartWay program, the EPA offers opportunities to participate in various program development activities, webinars, and workshops. The agency also acknowledges and publicly recognizes the progress its partners are making on its website, at industry conferences and through other channels.</p><p>Penske Truck Leasing, Penske Truck Rental and <a href="https://www.penskelogistics.com/">Penske Logistics</a> have been active participants in the SmartWay program since 2008 as affiliate, carrier and shipper partners in the program. Penske Logistics currently has the program’s <a href="http://www.epa.gov/smartway/transport/partner-list/index.htm#p">highest possible rating of 1.25</a> as a carrier and shipper partner.</p><p>For those that haven’t joined, Penske invites you to check out <a href="http://www.epa.gov/smartway">EPA’s SmartWay website</a> to learn more about how you can start saving fuel, money and the environment.</p><p>https://twitter.com/#!/PenskeNews/status/193427128413458432</p><p align="right"><em>By “Move Ahead” Staff</em></p></div>
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Penske Community Work Honored by United Way Berks County
April 20, 2012
Penske Truck Leasing, headquartered in Reading, Pa., was last night honored for its local philanthropic work. The United Way of Berks County gave the company the Tradition in Caring and Eagle awards at its annual dinner.
<p>The Tradition in Caring award is given to companies supporting the non-profit’s Giving Program, and the Eagle award is handed out to businesses that garner strong employee contributions.</p><p><a href="https://www.pensketruckleasing.com" title="Penske Truck Leasing - Full-Service Truck Leasing">Penske’s</a> United Way at Work Committee accepted the award on the company’s behalf.</p><p>Mike Duff, Penske’s senior vice president and general counsel, and his wife Diane (pictured, right) served as 2011 United Way of Berks County fundraising campaign co-chairs.</p><p>Duff stated: “These awards recognize the outstanding efforts and incredible generosity of Penske and its associates. Year after year, this commitment has allowed United Way to advance its mission of helping our friends and neighbors throughout Berks County.”</p><p>A matching gift from the company, combined with Penske associate donations, raised over $750,000. In all, the United Way campaign received in excess of $9 million, to benefit its 37 partner agencies that support education, income, health and safety net programs benefitting more than 100,000 people throughout Berks County.</p><p>Mike and Diane highlighted their experiences chairing the campaign in an <a href="http://blog.gopenske.com/lease/penske-executive-reflects-upon-successful-united-way-campaign/">extensive “Move Ahead” story</a> last December.</p><p>https://twitter.com/#!/PenskeNews/status/193389878787059712</p><p align="right"><em>By Alen Beljin</em></p></div>
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Penske Hosting Career Fairs
April 18, 2012
Penske Truck Leasing and Penske Logistics are looking for qualified candidates at career fairs nationwide to join our diverse and talented team.
<p>Penske’s recruiting team will be available April 25 at the <span><a href="http://www.diversityjobfairs.com/Jobfairs/Job-Fair-in-Boston-on-April-25-2012-at-the-Westin-Copley-Place.asp">Diversity Job Fair</a></span> at The Westin Copley Place, Boston, Mass., to speak with interested candidates about entry-level positions, including the management trainee program at Penske Truck Leasing and the new Supply Chain Leadership Program at Penske Logistics.</p><p>Penske Truck Leasing’s fleet maintenance and recruiting teams will host career fairs nationwide to fill <a href="https://www.gopenske.com/careers/">diesel technician</a> and customer service representative positions.</p><p>Please check with your school’s Career Center for exact times and locations.</p><ul class="ee-ul"> <li>April 25 and 26: <a href="http://www.lincolnedu.com/campus/indianapolis-in/programs">Spring Job Fair</a> at Lincoln School of Technology, Indianapolis</li> <li>April 26: Job Fair at <a href="http://www.uti.edu/campus-locations/uti-phoenix/event/eventid/1818/returntab/1898">UTI – Phoenix</a>, Avondale, Ariz.</li> <li>April 26: Job Fair at <a href="http://www.uti.edu/campus-locations/boston/event/eventid/1819/returntab/605">UTI – Boston</a>, Norwood, Mass.</li> <li>April 26: Career Fair at <a href="http://www.uti.edu/campus-locations/chicago">UTI – Chicago</a>, Chicago</li></ul><p>For more information about Penske’s open positions, visit the <a href="https://www.gopenske.com/careers/">Penske careers</a> page or follow the company on Twitter, <a href="https://twitter.com/gopenskecareers">@GoPenskeCareers</a>. We offer competitive wages and a wide range of <a href="https://www.gopenske.com/careers/employment_benefits.html">benefits</a>. Penske is an Equal Opportunity Employer.</p><p>https://twitter.com/#!/GoPenskeCareers/status/192663777391550464</p><p><em>By Kandace Wertz</em></p></div>
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Penske Truck Rental and Penske Logistics will be sponsoring star IndyCar driver Helio Castroneves for several races this season. Castroneves is in his 13th year withTeam Penske, and is a driver in the IZOD IndyCar Series.
<p>Here is a listing of races that Castroneves’ No. 3 car will be adorned in the Penske yellow and blue. On April 29, he will be running a <a href="https://www.penskelogistics.com/">Penske Logistics</a> car in his native Brazil; the North American races will be for <a href="http://www.pensketruckrental.com/">Penske Truck Rental</a>.</p><ul class="ee-ul"> <li>April 29: Sao Paulo Indy 300; Sao Paulo, Brazil</li> <li>June 16: Milwaukee IndyFest; Milwaukee</li> <li>June 23: Iowa Corn Indy 250; Newton, Iowa</li> <li>July 8: Honda Indy Toronto; Toronto</li> <li>July 22: Edmonton Indy; Edmonton, Alberta</li> <li>August 5: Honda Indy 200 at Mid-Ohio; Lexington, Ohio</li> <li>August 26: Indy Grand Prix of Sonoma; Sonoma, Calif.</li> <li>Sept. 2: Baltimore Grand Prix; Baltimore<img class="rm-shortcode" data-rm-shortcode-id="76f85b2dcbfb98c1c0ee64f8e6b34f92" data-rm-shortcode-name="rebelmouse-image" id="00254" type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8xOTEyNzA2Ni9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY0NjEzMzQ3Nn0.a4fu42zjA8l000RQ7yMmByIKmwbZxxlfSWeyoyLiWo0/img.jpg?width=980"/></li></ul><p>Select races will be nationally televised on ABC and the NBC Sports Network (formerly Versus).</p><p>Castroneves has an impressive racing resume: 26 wins, 102 top-five finishes and three Indianapolis 500 victories. In 2007, he was a contestant on ABC’s “Dancing with the Stars,” capturing the Mirror Ball trophy.</p><p>https://twitter.com/#!/PenskeNews/status/192591077218320384</p><p align="right"><em>By Alen Beljin</em></p></div>
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Moving Season: Add Kids to the Checklist
April 17, 2012
An important, yet sometimes overlooked component of the do-it-yourself move is including the needs of children. For the family’s youngest members – who may only know one place as home – a move can be scary and upsetting.
<p>It is important to take some steps to make this major transition easier on your kids. Here are some tips from the moving experts at <a href="http://www.pensketruckrental.com/"><strong>Penske Truck Rental</strong></a> for helping your children adapt to a new place, along with some practical moving advice for families:</p><p><strong>* Keep the communication open.</strong> It can be hard to tell your kids that they'll be moving, but making sure they know they can talk about how they're feeling about the move is important. Try to keep the conversation positive by telling them about all the fun things they'll be able to do in their new home, but acknowledge that they'll feel some sadness about leaving their old one.</p><p><strong>* Help them say goodbye.</strong> Organize a going-away party for your children and their friends, and work with the parents of their friends to gather contact information so they can keep in touch after you move.</p><p><strong>* Keep them involved with inventory.</strong> Take a minute with each child to go through toys and clothes to see what can be donated. By letting them help with these decisions, you can eliminate any angst that might come if they realize something they wanted was left behind when you get to your new home.</p><p><strong>* Pack a first-day box.</strong> Have each child pack a box of things that they will want the first day you move into your new home, like favorite toys, books or stuffed animals. Have the movers <a href="http://www.pensketruckrental.com/discounts/">pack these boxes</a> last so they are the first thing that is unloaded when you arrive. If you are moving a long distance, have each child pack another bag with items to keep them entertained during the trip.</p><p><strong>* Form a moving team.</strong> Creating roles for your older children so they can help you move can make your move go quickly and smoothly. If possible, arrange for somebody to watch your younger children so you can focus on moving tasks. Hiring movers can also help take some of the pressure off you so you can tend to your children. Your younger children may also be thrilled by the chance to see the <a href="http://www.pensketruckrental.com/moving-trucks/">moving truck </a>up close, so take the time to show them.</p><p><strong>* Introduce them to the new home.</strong> Showing your children new parks and other attractions in your new community will help them feel excited about their new home. Plan ahead to get them enrolled in activities with other children so they can quickly make new friends. However, be sure to explain to them that making new friends takes time, so they aren't discouraged if it doesn't happen right away. Communicate with their teachers to see if there's anything special you can do to help your children feel more comfortable at school.</p><p>By doing the little things to help your children cope with the tough parts of moving, you'll put them in a position to acclimate quickly and easily. For more helpful moving tips, visit <a href="http://www.pensketruckrental.com/"><strong>www.PenskeTruckRental.com</strong></a>.</p><p>https://twitter.com/#!/PenskeMoving/status/192223593831219200</p><p> <em>By “Move Ahead” Staff</em></p><p><em></em></p></div>
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Penske Hosting UTI Career Fairs
April 12, 2012
Penske Truck Leasing’s fleet maintenance and recruiting teams will host career fairs in April at schools nationwide to filldiesel technician and customer service representative positions.
<p>Please check with your school’s Career Center for exact times and locations.</p><ul class="ee-ul"> <li>April 19: Career Fair at <a href="http://www.uti.edu/campus-locations/philadelphia/event/eventid/1740/returntab/1890">UTI - Philadelphia</a>, Exton, Pa.</li> <li>April 26: Job Fair at <a href="http://www.uti.edu/campus-locations/uti-phoenix/event/eventid/1818/returntab/1898">UTI - Phoenix</a>, Avondale, Ariz.</li> <li>April 26: Job Fair at <a href="http://www.uti.edu/campus-locations/boston/event/eventid/1819/returntab/605">UTI – Boston</a>, Norwood, Mass.</li> <li>April 26: Career Fair at <a href="http://www.uti.edu/campus-locations/chicago">UTI – Chicago</a>, Chicago</li></ul><p>For more information about Penske’s open positions, visit the <a href="https://www.gopenske.com/careers/">Penske careers</a> page or follow the company on Twitter, <a href="https://twitter.com/gopenskecareers">@GoPenskeCareers</a>. We offer competitive wages and a wide range of <a href="https://www.gopenske.com/careers/employment_benefits.html">benefits</a>. Penske is an Equal Opportunity Employer.</p><p>https://twitter.com/#!/GoPenskeCareers/status/190449760266756096</p><p><em>By Kandace Wertz</em></p></div>
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The Price at the Pump
April 11, 2012
Industry analysts expect diesel prices to increase in the next six months and remain volatile throughout 2012 and into 2013. They also expect to see a wide range of prices throughout the U.S., driven primarily by demand within the U.S. and abroad.
<p>Industry experts have revealed that the U.S. economy is recovering, so there is more demand for fuel—both gasoline and diesel. Other countries are recovering as well and they are using diesel.</p><p>On February 20, The Department of Energy’s Energy Information Administration reported an average diesel price of $3.96 a gallon. Prices are expected to increase 15 to 20 cents over the next six months. In the next year, industry research estimates diesel will be 20 cents higher per gallon than it is today.</p><p>According to Oil Price Information Service, diesel prices could go even higher, traveling as high as $4.35 a gallon in the next few months.</p><p>Because a significant amount of diesel is being exported—about 1.2 million barrels a day in February—prices in the U.S. reflect global prices, particularly on the coasts, and the U.S. is expected to continue exporting fuel. China's diesel consumption will dramatically increase in 2012, surpassing U.S. consumption within 18 months. In addition to China, India and other countries are growing as well. While exports could become a political issue, without them, it is likely that refineries would close and the U.S. would be importing gasoline.</p><p>Carriers and drivers may also see prices at the pump increase due to fuel tax increases, which are being discussed on both the state and federal level due to shortfalls in highway funding budgets.</p><p>For more information on how Penske Truck Leasing can help you save on fuel, contact your local <a href="https://www.pensketruckleasing.com" title="Penske Truck Leasing - Full-Service Truck Leasing">Penske</a> representative.</p><p><strong>The Price of Crude</strong></p><p>Crude oil makes up about 67 percent of the price of a gallon of diesel, so as crude goes up, so do prices at the pump.</p><p>In it’s February 2012 Short-Term Energy Outlook, the Department of Energy’s Energy Information Administration (EIA) said it expects the price of West Texas Intermediate (WTI) crude oil to average about $100 per barrel in 2012, almost $6 per barrel higher than the average price last year.</p><p>EIA said there is about a one-in-fifteen chance that the average price in June 2012 will exceed $125 per barrel, and about a one-in-fifty chance that it would exceed $140 per barrel. For 2013, EIA expects WTI prices to continue to rise, reaching $106 per barrel in the fourth quarter of next year.</p><p align="right"><em>By “Move Ahead” Staff</em></p></div>
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Using CSA Data to Your Advantage
April 05, 2012
It has been almost two years since the Department of Transportation’s (DOT) Federal Motor Carrier Safety Administration (FMCSA) launched the new safety protocol Compliance, Safety, Accountability (CSA), but motor carriers and the third-party companies that hire those carriers are still working to better understand the program and decipher how it applies to them.
<p>Knowing more about a carrier’s data can help shippers determine which carriers they’d like to work with, but there isn’t a clear-cut formula to help them decide how to use CSA data. </p><p>CSA ranks carriers within seven categories, called BASICs. Although there isn’t a standard, individual companies can set a policy for qualifying carriers and then stick to it, like paying more attention to alerts in certain categories, such as unsafe driving or fatigue. </p><p>CSA data is just one piece of the pie when it comes to determining how safe a carrier is. There are a number of places those hiring carriers can go to access data. </p><p>In addition to CSA, brokers and shippers can also check a carrier’s FMCSA operating authority, which will be conditional, satisfactory or unsatisfactory, and insurance information. Motor carrier licensing and insurance status is publicly available through DOT’s licensing and insurance website. </p><p>FMCSA said it encourages those seeking information to utilize all of its resources. The agency is working to better educate shippers, insurers and other stakeholders on data that is available through the agency. In the coming months, FMCSA said it plans to develop shipper specific educational materials and engage shipper organizations in interactive webinars related to FMCSA's publicly available data. </p><p>The fact sheets can help carriers better understand the BASICs, but they most likely need to dig down into their individual data to better understand where they should focus their efforts.</p><p>Carriers should also keep in mind that CSA is still changing. FMCSA is working on improvements to CSA methodology. Those improvements include a new HAZMAT BASIC that will be released to public view. </p><p>In addition, FMSCA is working to create a crash accountability panel whereby a carrier could submit evidence through a police report about fault. The panel will review it and adjust a carrier’s data accordingly. FMCSA has said it will begin taking reports in July.</p><p>To view the CSA’s new web page dedicated to the BASICs, visit <a href="http://csa.fmcsa.dot.gov/">csa.fmcsa.dot.gov.</a></p><p><strong>Get the Basics on the CSA BASICs</strong></p><p>To assist carriers and professional drivers, in February FMCSA released a new Behavior Analysis and Safety Improvement Category (BASIC) fact sheet series on its website. The fact sheets outline the seven BASICs categories and how to ensure compliance with the regulations.</p><p><span>The seven BASIC categories are:</span></p><p>1. Unsafe driving</p><p>2. Fatigued driving (hours-of-service)</p><p>3. Driver fitness</p><p>4. Controlled substances/alcohol</p><p>5. Vehicle maintenance</p><p>6. Cargo-related</p><p>7. Crash indicator</p><p> <em>By “Move Ahead” Staff</em></p></div>
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Social Media Properties
April 02, 2012
Below is a list of the official social media channels affiliated with the brands: Penske Truck Leasing, Penske Truck Rental, Penske Logistics and Penske Used Trucks.
<h1><span style=" width: 28px; margin: 0 8px 0 0; line-height: 1; float: left; "><img class="rm-shortcode" data-rm-shortcode-id="7ca844ad897dfc52c9707c2ea09f0df4" data-rm-shortcode-name="rebelmouse-image" id="5bc62" type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8xOTE2MTIzNS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY1ODY4MTgyM30.J8m6JBcbfjogpYOih5nqATLkOHMWuzeBtAXIcz8r61Y/img.jpg?width=980"/></span>Twitter</h1>
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<a href="https://twitter.com/#!/PenskeCares" title="Customer Service on Twitter">@PenskeCares</a>
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Penske Truck Rental's Customer Service and Reservations Team
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Customer Care: 1-866-999-9475
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24/7 Roadside Assistance: 1-800-526-0798
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<a href="https://twitter.com/#!/PenskeNews" title="Penske News on Twitter">@PenskeNews</a>
</p>
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Follow us for official news from Penske Truck Leasing, Penske Truck Rental, Penske Logistics and Penske Used Trucks.
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<a href="https://twitter.com/#!/PenskeMoving" title="Penske Truck Rental on Twitter">@PenskeMoving</a>
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Follow us for special offers, savings, moving tips and ideas from Penske Truck Rental.
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<a href="http://www.twitter.com/penskeusedtruck" title="Penske Used Trucks on Twitter">@PenskeUsedTruck</a>
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Follow us for used truck deals, special offers, promotions, and special inventory from Penske Used Trucks.
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<a href="http://www.twitter.com/penskelogistics" title="Penske Logistics on Twitter">@PenskeLogistics</a>
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Follow us for unique supply chain and logistics insights and perspectives.
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<a href="https://twitter.com/#!/GoPenskeCareers" title="Penske U.S. Careers on Twitter">@GoPenskeCareers</a>
</p>
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Follow us to explore U.S. career opportunities with Penske Truck Leasing, Penske Truck Rental, Penske Used Trucks, and Penske Logistics.
</p>
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<a href="http://www.twitter.com/Penske_Canada" title="Penske Jobs in Canada">@Penske_Canada</a>
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Follow us to explore Canadian career opportunities with Penske Truck Leasing, Penske Truck Rental, Penske Used Trucks, and Penske Logistics.
</p>
<h1><span style=" width: 28px; margin: 0 8px 0 0; line-height: 1; float: left; "><img class="rm-shortcode" data-rm-shortcode-id="6524d04511c4b9da7b6910612d6f340f" data-rm-shortcode-name="rebelmouse-image" id="23c73" type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8xOTE2MTIzNi9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYyODQ0Njc2N30.sqvgtjkgCUokvbH3rgn11LBh_uQcDGojw0oeU9fIkGk/img.jpg?width=980"/></span>Facebook</h1>
<p>
<a href="https://www.facebook.com/penske" title="Penske Truck Leasing, Commercial Truck Rental, Used Trucks, Supply Chain and Logistics on Facebook">Penske</a> - Our business-to-business content related to commercial truck fleets, fleet management, transportation, full-service truck leasing, commercial truck rental, trucking, trucks, used trucks, logistics, warehousing, distribution center management, freight brokerage, lead logistics, and supply chain management.
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<a href="https://www.facebook.com/PenskeTruckRental" title="Penske Truck Rental on Facebook">Penske Truck Rental</a> - Consumer truck rental information, moving tips, packing advice, special moving offers, sweepstakes, promotions, fun, and more.
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<h1><span style=" width: 28px; margin: 0 8px 0 0; line-height: 1; float: left; "><img class="rm-shortcode" data-rm-shortcode-id="aee2940782ccba12b04a7b7848ee6a70" data-rm-shortcode-name="rebelmouse-image" id="2f16b" type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8xOTE2MTIzNy9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYyMDcwMTUwNH0.CFSUCMK31mzWV48TLBYonCXibkeBUDztwEL2jNh-5Ok/img.jpg?width=980"/></span> Instagram</h1>
<p>
Follow
<a href="http://instagram.com/pensketruck" title="Instagram - Penske Truck Leasing, Rental, Logistics, Used Trucks">Penske on Instagram</a> for unique photos and fun.
</p>
<h1><span style=" width: 28px; margin: 0 8px 0 0; line-height: 1; float: left; "><img class="rm-shortcode" data-rm-shortcode-id="1764b6a7a70882492214cc292069447f" data-rm-shortcode-name="rebelmouse-image" id="6b6e8" type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8xOTE2MTIzOC9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYwOTQwODA0OX0.zeNEZs4dIFgzRdkBt2FclMGVgQpZp9zQM19lCy1tnFM/img.jpg?width=980"/></span> LinkedIn</h1>
<p>
Let's do business. Connect with our companies and people on LinkedIn.
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<p>
<a href="http://www.linkedin.com/company/penske-truck-leasing" title="Penske Truck Leasing on LinkedIn">Penske Truck Leasing</a>
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<a href="http://www.linkedin.com/company/penske-logistics" title="Penske Logistics on LinkedIn">Penske Logistics</a>
</p>
<h1><span style=" width: 28px; margin: 0 8px 0 0; line-height: 1; float: left; "><img class="rm-shortcode" data-rm-shortcode-id="ab8cddf2b8cfc2076b29481ec87ebfeb" data-rm-shortcode-name="rebelmouse-image" id="b4aa7" type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8xOTE2MTIzOS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYzNzIyNjA3OH0.zxTcKyDek-CMXT9voaq9ruS-Z-Lwxlt1f8Y-Bz8ldgs/img.jpg?width=980"/></span> YouTube</h1>
<p>
<a href="http://www.youtube.com/pensketruckrental" title="Penske Truck Rental on YouTube">Penske Truck Rental</a> - Fun video clips and moving tips!
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<a href="http://www.youtube.com/pensketruckleasing" title="Penske Truck Leasing on YouTube">Penske Truck Leasing</a> - Videos and insights to help you manage a better truck fleet.
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<a href="http://www.youtube.com/penskelogistics" title="Penske Logistics on YouTube">Penske Logistics </a>- Video insights from supply chain and logistics thought leaders from around the globe.
</p>
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<a href="http://www.youtube.com/penskeusedtrucks" title="Penske Used Trucks on YouTube">Penske Used Trucks </a>- Great video specials on used semi-trucks, straight trucks, trailers, and much more.
</p>
<p>
<a href="http://www.youtube.com/penske" title="Penske on YouTube">Penske</a> - Learn more about the exciting careers available at Penske Truck Leasing, Penske Truck Rental, Penske Used Trucks and Penske Logistics.
</p>
<h1><span style=" width: 28px; margin: 0 8px 0 0; line-height: 1; float: left; "><img class="rm-shortcode" data-rm-shortcode-id="32abd1c10b58a01cb44519328f84c911" data-rm-shortcode-name="rebelmouse-image" id="e05f3" type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8xOTE2MTI0MC9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYxNDc5NDEzNX0.xw9e_cab780ekZNBmYsDU4zKrEzjuI26wpop494Eva4/img.jpg?width=980"/></span> Pinterest</h1>
<p>
<a href="http://pinterest.com/penskemoving/" title="Penske Truck Rental on Pinterest">Penske </a>- Do you pin? We offer everything from the fun to the practical on our Pinterest boards for all of our products and services.
</p>
<h1><span style=" width: 28px; margin: 0 8px 0 0; line-height: 1; float: left; "><img class="rm-shortcode" data-rm-shortcode-id="850504cd4c77e08667a4d7ed4c4a0302" data-rm-shortcode-name="rebelmouse-image" id="8259a" type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8xOTE2MTI0MS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYyNzE5MzU5Mn0.IHywbZ2h7COY1f1kWICE-RHjmKiGvexjT0DyRoZRmds/img.jpg?width=980"/> </span>Foursquare</h1>
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<a href="https://foursquare.com/penskemoving" title="Penske Truck Rental on Foursquare">Penske Truck Rental </a>- Check-in at many of our convenient locations on Foursquare.
</p>
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