The Official Blog of Penske Transportation Solutions

Truck Leasing

Earlier today, the space shuttleEndeavour made its final flight after 30 years of service. Penske associate Brandon Wade captured this incredible image as the shuttle passed over the company's location in Carson, Calif.

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In recognition of this week’s National Truck Driver Appreciation Week, Penske Logistics acknowledges its six drivers who were nominated for Truck Renting and Leasing Association’s (TRALA) 2012 Driver of the Year Award earlier this year.

TRALA presents this award annually to a driver who demonstrates excellence in driving and safety standards throughout his/her professional driving career.

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Penske Truck Leasing and Penske Logistics are looking for energetic alumni and recent or soon-to-be graduates from the University of Tennessee and the Florida International University to join our diverse and talented team.

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U.S. President Barack Obama signed the transportation reauthorization law, authorizing $105 billion in spending for highways and public transit over the next two years and government mandates intended to increase safety, such as mandatory electronic on-board recorders (EOBRs) and the creation of a federal drug and alcohol clearinghouse.

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The trucking industry and communities nationwide will join together Sept. 16 to 22 to honor America’s truckers during National Driver Appreciation Week. TheAmerican Trucking Associations (ATA) coordinates the timing and marketing of the event, but the entire trucking industry embraces it.

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Penske has been named to the InformationWeek 500 list for the 12th consecutive time, ranking No. 114 this year.

A private company, Penske Truck Leasing earned the listing alongside Fortune 500 corporations.

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In a matter of months new emissions standards for refrigerated trailers will take effect nationwide, and the industry is preparing for increased costs and changes to their operations.

The new regulations will take effect on Jan. 1, 2013, and require reductions of as much as 90 percent in particulate matter and 30 percent in nitrogen oxide for all new, non-road engines of less than 50 HP, which includes those used in transport refrigeration units.

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Penske Truck Leasing is looking for qualified candidates from Lincoln Technical Institute, East Windsor, Conn., and UTI-Dallas to join our diverse and talented team.

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Over the spring and summer people have sent us hundreds of great photos of Penske trucks in scenic locations across North America for our monthly photo sweepstakes. But, this collection of stunning photos took the idea of "taking the scenic route" in your Penske truck to new heights.

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Penske Truck Rental is AAA’s bestmoving truck rental discount. We share their commitment to on-the-road safety. AAA has put together a great list of back-to-school driving tips everyone can use to help kids stay safe. Remember School's Open – Drive Carefully!

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Last Friday, Penske Truck Leasing, Co., L.P. sold the assets of its daily utility vehicle rental business to Bluffton, Indiana-basedNESCO. The deal involved the sale of approximately 250 utility rental vehicles and utility vehicle rental contracts. Financial details were not disclosed.

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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 $1.1 billion of two-year and 10-year senior notes. The first series matures in 2014 and the second in 2022. The net proceeds from the sale of these notes will be used to refinance existing PTL debt.

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The good news for the trucking industry and truck fleet owners and operators is the U.S. Energy Information Administration recently revised its forecast for diesel prices down. But, if you have operated a truck fleet over the last few years you know all too well low prices just don’t seem to last. When prices snap back it hurts your bottom line. Take a strategic approach now to gain greater control over your fleet’s complete fuel management with Penske Truck Leasing’s comprehensive program. Watch this video to learn more.

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On June 26, from 1 p.m. to 4 p.m. ET, Penske will once again participate in the Milicruit online career fair.Milicruit is a website devoted to pairing U.S. military veterans with prospective employers. This particular event is open to both military veterans and military spouses. Please visit www.veteranscareerfair.com to register for the event.

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For motor carriers, fuel is the second highest budget item and for some companies it is threatening to surpass personnel costs. What’s more, diesel prices continue to inch higher and industry analysts expect fuel costs to remain volatile throughout 2012 and into 2013. Managing fuel spend is an important aspect of a fleet’s operation. Pennies on the gallon matter and with the right technology, equipment and driver behavior, carriers can better manage fuel costs and improve efficiency.

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The safety protocol Compliance, Safety, Accountability (CSA) has been undergoing several changes since it was launched in 2010, and now carriers are getting a sneak peek of substantial changes to the Carrier Safety Measurement System (SMS) of CSA that are slated to be publicly available in July.

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Every June thousands of law enforcement officers partner together at 1,500 locations across North America to conduct a three-day, commercial vehicle safety enforcement and education campaign organized annually by the Commercial Vehicle Safety Alliance (CVSA).

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While their products, services and consumers vary, businesses at the Alternative Fuels Renewable Energies Council (AFREC) Sustainability Summit May 31 in Hershey, Pa., all share one common goal: to be better environmental stewards.

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