The Official Blog of Penske Transportation Solutions

Archives for 2012

Penske Logistics has extended their dedicated carriage services contract with Cardinal Health. As part of this agreement, Penske Logistics continues to provide truck drivers, trucks and helps optimize the hospital delivery routes for Cardinal Health's medical segment.

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Memorial Day weekend marks the unofficial start of summer and kicks off the 2012 moving season as one of the busiest moving weekends of the year for the moving truck rental and self-storage industries. Penske Truck Rental and self-storage tech start-up SpareFoot are teaming up to offer increased convenience and services for savvy do-it-yourself movers.

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Penske Truck Rental is sponsoring the secondSea to Shining Sea cross-country bicycle ride with wounded warriors from America’s military. The event is a creation of World T.E.A.M. Sports, a non-profit that organizes athletic events for disabled and able bodied citizens.

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Penske will be a part of tomorrow’s Milicruit online career fair.Milicruit is a website devoted to pairing U.S. military veterans with prospective employers. It will take place on Wednesday, May 23, from 1 p.m. to 4 p.m. ET. Penske human resources staff will host real-time chats with prospective associates.

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Penske Truck Leasing is among the major sponsors of the upcoming Alternative Fuels Renewable Energies Council Sustainability Summit. The event includes executives from leading private and Fortune 500 companies, where sustainability improvement efforts will be highlighted. Penske executives will also be present.

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Penske Truck Leasing Co., L.P. (“PTL”) and its wholly owned subsidiary PTL Finance Corporation today announced that they have issued an aggregate of $1.75 billion in senior notes in two equally sized tranches of notes with three- and five-year maturities. The net proceeds from the sale of the notes will be used to refinance existing PTL debt. The offering was managed by J.P. Morgan, Bank of America Merrill Lynch and Wells Fargo Securities.

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