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

Archives for 2013

Yesterday, NBC News' “TODAY show” announced“TODAY Gives Hope,” a new ongoing initiative to help bring relief to communities in need. (Watch the TODAY T.V. segment here.) Through this long-term project, the TODAY show will leverage its strength in news coverage, cross-platform promotion, and partnerships to inspire viewers to bring hope back to communities that need it most. When areas across the nation face challenging times, “TODAY Gives Hope” will be prepared to take action and help.

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Penske Truck Leasing has announced the winners of its 2012-2013 National Technical Challenge. The Tech Challenge is a company event that will be held every other year to test the skillsets of its truck maintenance technician workforce via hands-on and written assessments. There were two types of entries: a two-person vehicle systems team and individual competitors in the preventive maintenance (PM) event.

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Penske Used Trucks is now offering free delivery with the purchase of 18-foot to 26-foot medium-duty box trucks, refrigerated and flatbed trucks. Through March 31, 2013, Penske will deliver the truck directly to customers within a 1,000-mile radius from the point-of-sale.

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Penske Truck Leasing’s fleet maintenance and recruiting teams will be looking for qualified candidates at career fairs nationwide to fill diesel technician, fueler/washer/vehicle detailer and fleet maintenance leadership trainee positions.

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Penske Truck Leasing has in its inventory a limited number of 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 Truck Leasing Co., L.P. (“PTL”) and its wholly owned subsidiary PTL Finance Corporation announced they have issued an aggregate of $1.0 billion of senior notes in two tranches with 5.5 year and 10 year maturities at rates of 2.875% percent and 4.25 percent, respectively. The first series matures in 2018 and the second in 2023. The net proceeds of the offering will be used to repay borrowings on PTL's bank revolver and its credit facility from General Electric Capital Corporation (GECC). This is the fourth successful offering PTL has completed since May, 2012. The current offering was managed by Bank of America Merrill Lynch, J.P. Morgan and Wells Fargo Securities.

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It is time once again forPenske Truck Rental’s yearly list of top moving destinations within the United States. This is the third straight year the Reading, Pa.,-based company has released the list.

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