PAG Increases Investment in Penske Truck Leasing
July 28, 2016
Today, Penske Automotive Group announced that it acquired an additional 14.4% interest in Penske Truck Leasing, Co., L.P. from GE Capital. Following the transaction, which was completed yesterday, Penske Automotive Group now holds a 23.4% ownership interest in Penske Truck Leasing.
<p>Penske business entities now hold a collective 64.5% interest in Penske Truck Leasing and control the general partner. GE retains a 15.5% interest in Penske Truck Leasing along with Mitsui & Co., Ltd. which holds 20.0%.The transaction has no impact on the day-to-day operations or management of either Penske Truck Leasing or Penske Logistics.</p><p><strong>Related Announcements</strong></p><ul class="ee-ul"> <li><a href="http://investors.penskeautomotive.com/phoenix.zhtml?c=82644&p=irol-newsArticle&ID=2189373">Penske Automotive Group Announcement</a></li> <li><a href="http://www.genewsroom.com/press-releases/ge-sells-144-stake-penske-truck-leasing-penske-automotive-group-283135">General Electric Announcement</a></li></ul></div>
[Read more...]
Show less
Moving: Do It Safely While Doing It Yourself
July 25, 2016
Taking a do-it-yourself approach can help you save money and give you more control when you move. Taking some basic precautions and being aware of your surroundings when you drive a moving truck can help ensure that you and your belongings stay safe:
<p></p><ul class="ee-ul"> <li><strong>Think big. </strong>“Trucks are taller, wider and may weigh up to 10 times more than the average car,” explained Don Mikes, senior vice president–rental, Penske. “You have to be extra vigilant.” Be sure you know the height of your truck, and watch for posted signs and warnings about the height of upcoming bridges and overpasses to be sure your truck will fit under them. Also, trucks take longer to stop than cars, so allow extra room between your truck and the car in front of you.</li> <li><strong>Don’t be blindsided. </strong>Trucks also have big blind spots. You should know where these areas are, especially when changing lanes or coming to a stop.</li> <li><strong>Know how to pack – and what not to pack. </strong>Penske offers a simple illustration that shows <a href="http://www.pensketruckrental.com/renting-from-penske/how-to-load-a-moving-truck/">how to load a truck</a> most effectively. Also, keep in mind that most truck rental agreements follow the language from the U.S. Department of Transportation that prohibits the “carrying or hauling of explosives and other dangerous articles.” That means you can’t pack paint, chemicals and cleaning materials, flammable solvents, propane, gasoline and the like. Check with your rental agent if you’re not sure about a particular item.</li> <li><a href="http://www.pensketruckrental.com/renting-from-penske/plan-your-move/"><strong>Plan ahead</strong></a><strong>. </strong>When planning your trip, take into account the time of day you intend to travel and likely traffic patterns. Always leave lots of extra time and be aware of possible bottlenecks along the way.</li> <li><strong>Familiarize yourself with the vehicle. </strong>Make sure you can find and understand the use of all the truck’s switches and gauges. Adjust the seat and side mirrors so they match your height and comfort zone. Be sure to follow all safety precautions identified on stickers placed throughout the vehicle and/or in any instructional guides provided. If you ever have any questions about the use of your equipment, speak with a Penske rental representative who can readily provide guidance or contact our <a href="http://www.pensketruckrental.com/renting-from-penske/roadside-assistance/">24/7 Roadside Assistance</a> team.</li> <li><strong>Insure yourself. </strong>“Most insurance and credit card companies won’t cover truck rentals under existing policies,” Mikes said. If your insurance company is among them, consider <a href="http://www.pensketruckrental.com/renting-from-penske/coverage/">signing up for additional coverage options</a> to protect yourself and your belongings. In addition, whenever you need to park your truck for a break or overnight stop, be sure it is securely locked – including the rear cargo door – and parked in a visible, well-lit spot.</li> <li><strong>Know where you can turn for help . </strong>Penske offers <a href="http://www.pensketruckrental.com/renting-from-penske/roadside-assistance/">24/7 Roadside Assistance</a> for its rental customers.</li></ul><p><em>By "Move Ahead" Staff</em></p></div>
[Read more...]
Show less
Penske Hiring Body Shop Technicians in Connecticut
July 20, 2016
Penske plans to hire body shop technicians at a special Open House Tuesday, July 26, at the Penske Truck Rental location at 283 Burnham Street, East Hartford, Connecticut. The event is also commemorating the 10th anniversary of the location.
<p>Interested candidates can attend between 8 a.m. and 6 p.m.</p><p>As a body shop technician, you will have a variety of responsibilities and opportunities, including:</p><ul class="ee-ul"> <li>Diagnosing and repairing a variety of issues with a modern rental fleet</li> <li>Using state-of-the-art equipment to fulfill customer needs</li> <li>Working as part of a team with shared goals</li> <li>Ongoing training with opportunities for advancement</li></ul><p>Visit <a href="https://www.gopenske.com/careers/">gopenske.com/careers</a> for a list of available positions.</p><p><em>By "Move Ahead" staff</em></p></div>
[Read more...]
Show less
Penske Gains Entry into U.S. EPA WasteWise Program
July 19, 2016
Penske Truck Leasing and Penske Logistics have deepened their commitment to sustainability by joining the WasteWise program that is administered by the U.S. Environmental Protection Agency.
<p>“We applied for this voluntary program to help recognize our best practices in the area of solid waste management, which includes recycling items like cardboard and scrap metal,” explained Mike Costanza, Penske director of environmental services. “Being a part of WasteWise will aid us in tracking our waste volumes and setting our waste reduction goals.”</p><p>WasteWise encourages organizations to reduce municipal solid waste through waste prevention, recycling and buying or manufacturing recycled products. More than 1,100 organizations have joined WasteWise since 1994, demonstrating their leadership in finding cost-effective ways to reduce waste.</p><p>In 2014, Penske became part of the EPA’s <a href="http://blog.gopenske.com/lease/penske-joined-u-s-epa-green-power-partnership/">Green Power Partnership</a> which encourages the use of renewable energy.</p><p>Penske has also found success with the EPA’s SmartWay program, winning its fourth straight <a href="http://blog.gopenske.com/news/penske-captures-fourth-straight-smartway-affiliate-challenge-award/">Affiliate Challenge Award</a>. Penske Truck Leasing is an affiliate partner in the SmartWay program and Penske Logistics is a partner in the trucking carrier and logistics categories.</p><p>Penske Truck Leasing is also an affiliate partner in the Canada SmartWay Transport Partnership, which is administered by Natural Resources Canada.</p><p><em>By “Move Ahead” Staff</em></p></div>
[Read more...]
Show less
Penske Logistics Drivers Chart Exemplary Safety Course
July 12, 2016
For some, 1999 would be most memorable as the year when the Yankees won the World Series for the 25th time, when gas was $1.22 a gallon or when the world panicked over the Y2K bug.
<p>For Bill Scull, a <a href="https://www.penskelogistics.com/">Penske Logistics</a> driver, that year and the 17 since have been memorable for what <em>didn’t</em> happen. In all that time, Scull has remained accident-free.</p><p>Scull and 11 other drivers in Bridgeport, New Jersey, were recognized recently by Marc Althen, president of Penske Logistics; Dennis Abruzzi, senior vice president of enterprise solutions; Jeff Jackson, senior vice president of the Eastern Region; Jason Herr, director of safety; and Peter Bayer, area vice president of the Eastern Region, for their outstanding safety records.</p><p>“These 12 highly successful associates come to work with the correct mindset each day. They are patient, alert and self-aware,” Herr said. “They consistently make use of all the methods of incident prevention that are available – defensive driving, personal protective equipment, safety cones, get proper rest and stay in solid physical shape.”</p><p>All the drivers deliver for a leading regional convenience store chain, delivering fresh food products 365 days a year. About 130 drivers operate from the Bridgeport location, delivering to area destinations in New Jersey, Pennsylvania, Maryland, Virginia and the Washington, D.C. suburbs.</p><p>In all, 12 associates were recognized for 10 or more years of consecutive incident-free driving. Four associates were recognized for having 17 years or more of incident-free driving.</p><p>The drivers recognized included: David Evans, 18 years; David Wojciechowski, 18 years; David Hoffer, 17 years; Richard Scull, 17 years; Don Kubiak, 15 years; Barry Scott, 15 years; Glen Owens, 14 years; Greg McCann, 13 years; Don Nelson, 13 years; Robert Barracliffe, 12 years; Shawn Elisano, 12 years; and Tom Spence, 11 years.</p><p>Scull transitioned to a trucking career from sales. He was between jobs and never really considered a career in trucking until his friend – also a Penske driver – encouraged him to apply. “I’ve been there ever since,” Scull said.</p><p>When he looks back over his 17 years of being accident-free, he credits two things: his father’s sense of responsibility and accountability that was passed on to him and Penske’s emphasis on safety.</p><p>“That foundation allows me to be a little bit safer in the work environment. I care about my co-workers. I care about my life and getting home to see my family,” Scull said. “If I care about me in a responsible manner, it gets me home safe at the end of the day.”</p><p>A big part of Penske’s safety initiative is encouraging drives to participate in the <a href="https://www.drivedifferent.com/">Smith System</a> training course. Smith System is a leading provider of collision avoidance driving training.</p><p>“With Penske’s emphasis on safety, and the team meetings they provide, videos and periodic Smith System training and recertification, I think they help to refocus and re-center your thought process. It all plays a role with keeping you safe out there,” Scull said.</p><p>Herr applauded the outstanding safety achievement of the drivers.</p><p>“These drivers are actively engaged in safe, professional, efficient and on-time performance for our customer. Not just when it is convenient; but all the time,” Herr said. “Working hours when most of us are sleeping, delivering all days of the week, in a congested part of the country, and doing so incident-free for this period of time is remarkable performance that is truly matched by few.”</p><p><em>By Bernie Mixon</em></p></div>
[Read more...]
Show less
For people facing cancer and their families, hope is often a critical part of their journeys.
<p></p><p>For more than 400 cyclists on a journey across Ohio in July, hope is what they will help to deliver, by supporting the American Cancer Society.</p><p>The 10<sup>th</sup> annual <a href="http://community.acsevents.org/site/TR?fr_id=70573&pg=entry">Pan Ohio Hope Ride</a> will be held from July 21 to 24, with riders making a 328-mile trip from Cincinnati to Cleveland. The two cities each are home to an American Cancer Society Hope Lodge, which provide free lodging to people who need to travel for cancer treatment.</p><p>Participants support the American Cancer Society through their entry fees and sponsorships, and the Pan Ohio Hope Ride has raised more than $5 million over the last decade.</p><p>Accompanying the cyclists on their journey is a caravan of about 10 support trucks from <a href="http://www.pensketruckrental.com/">Penske Truck Rental</a> that carry luggage and gear. The trip through Ohio includes stops in Springfield, Columbus and Wooster.</p><p><img class="rm-shortcode" data-rm-shortcode-id="8376da152adec14e8af8607378282316" data-rm-shortcode-name="rebelmouse-image" id="823e3" type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8xOTEyODAxNi9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY0NTM1ODYyNX0.sq1lJR3KzEgdB5dS7UyE--aEFbl2vSd4VbqO5rj4mXI/img.jpg?width=980"/>“The Pan Ohio Hope Ride has become an annual tradition that raises funds and also awareness about the fight against cancer,” said Don Mikes, senior vice president of rental at Penske. “We are grateful for the opportunity to play a role in this event and to support the work of the American Cancer Society.”</p><p>Penske has supported the Pan Ohio Hope Ride since its inception in 2007.</p><p>“The name Penske and Pan Ohio Hope Ride become synonymous during the four days of the ride,” said Paul Purdy, director of the Pan Ohio Hope Ride. "The Penske trucks are a symbol of each day’s finish, signaling to a rider that they have made it! Our riders travel in tribute to those affected by cancer and although they see each day’s finish as a small victory, they know that there is more to do to finish the fight against cancer.”</p><p><em>By "Move Ahead" Staff</em></p> </div>
[Read more...]
Show less
Penske Logistics is honored to be included once again in SupplyChainBrain’s list of 100 Great Supply Chain Partners, as nominated by supply chain professionals.
<p></p><p>"Each year, our list of 100 Great Supply Chain Partners features a select group of companies whose customers recognize them for providing outstanding solutions and services,” said Brad Berger, publisher of <a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__www.supplychainbrain.com_&d=DQMFaQ&c=h3doYy8SM5A3ClRIfuW3kMsQeA1oLqCc_JYUUs-p_mE&r=s4Y7tKaKHCT0wInRh3i0TuNac5NhDftsRfZJkA_xuq0&m=YAYXln3-N7Kw57iKfDd7Dg54HEP1EP6UedP3O26LmNY&s=wvBWdNNWg_C6Ayx0RELgLM7KhENZrQOihLywQhscW5k&e=">SupplyChainBrain</a>. “Penske will appear in the 2016 July/August issue of SupplyChainBrain magazine as a celebrated member of this year’s 100 Great Supply Chain Partners.”</p><p>During a six-month online poll, SupplyChainBrain asked supply chain professionals to nominate vendors and service providers whose solutions have made a significant impact on their company’s efficiency, customer service and overall supply chain performance.</p><p>“We are grateful to our customers for this recognition and for selecting Penske as the logistics provider to keep their operations running efficiently,” said Joe Carlier, Penske’s senior vice president of global sales. “The Penske team is focused on understanding each customer’s business and goals so that we can provide the best service possible, and I thank each one of our associates for their hard work and commitment.”</p><p>This is SupplyChainBrain’s 14th year of celebrating 100 Great Supply Chain Partners, and Penske has been featured on the list for 12 years.</p><p><em>By "Move Ahead" Staff</em></p></div>
[Read more...]
Show less
Loading posts...