The Official Blog for Penske Truck Leasing, Truck Rental and Logistics

Archives for 2012

Penske Logistics driver Neil Kirk is among the 32 truck drivers recently named as finalists in the selection process to become Captains for American Trucking Assocations’ 2012-2013 America’s Road Team. This group of professional truck drivers share superior driving skills and safety records, and help spread the word about safety on the highway.

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Penske’s call centers for consumer and commercial truck rental reservations are fully operational following Hurricane Sandy. However, please note some local offices and truck rental agents may experience delays, closures or road restrictions due to the recent storm.If you have questions about your truck rental please call:

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At the global headquarters of Penske Truck Leasing and Penske Logistics in Reading, Pa., the company’s 24/7 Roadside Assistance Center is hard at work, servicing customers during Hurricane Sandy. This photo was taken this morning.

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Important Penske Information & Numbers

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Penske Truck Leasing and Penske Logistics will be exhibitors at this year’s International Foodservice Distributors Association (IFDA)Distribution Solutions Conference, Oct. 29 to Oct 31. It will take place at the Rio All-Suite Hotel in Las Vegas.

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Penske Truck Leasing is now offering a limited number of 2011 and 2012 Freightliner trucks for lease with low mileage. The vehicles provide the latest in cutting-edge specs and driver comfort, and feature quick delivery and short-term lease options at discounted rates.

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Penske Used Trucks are now available for sale online through Canada’s largest classified website for new and used vehicles,autoTRADER.ca. Penske is now among autoTRADER’s largest commercial used truck sellers.

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After 10 years as a high school history and government teacher, Brendan Cotter (photo right) decided it was time for a change. While he enjoyed teaching, he was far less enamored with the politics that accompanied it. It was time to shake things up. So, Cotter enrolled atUniversal Technical Institute in Los Angeles, to become a diesel truck maintenance technician.

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Penske Truck Leasing Co., L.P. (“PTL”) today announced that it completed an initial asset-backed bank conduit facility with a group of six banks for approximately $450 million. The available capacity of the facility is $750 million. PTL expects to use the net proceeds to repay borrowings on its credit facility from General Electric Capital Corporation (GECC).

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Third-party logistics providers are guardedly optimistic about future revenue growth within the industry and turning to near-shoring, capturing increasing amounts of data and adding services to boost profitability.

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