The Official Blog of Penske Transportation Solutions

Logistics

Cargo theft continues to increase throughout the U.S. and carriers are responding by training drivers, embracing tracking technology and sharing information to protect valuable loads.

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The Federal Motor Carrier Safety Administration (FMCSA) said it is continuing to work toward an electronic on-board recorder (EOBR) rule, which was mandated in the most recent highway authorization bill, and expects to issue its initial rule in March.

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The U.S. Federal Motor Carrier Safety Administration (FMCSA) is reminding truck drivers and fleet operators to choose their GPS navigation systems carefully. Failing to select a GPS navigation unit designed for commercial vehicles can lead to serious safety concerns.

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For years, the trucking industry has advocated for increased truck size and weight, and now the U.S. Department of Transportation (DOT) is investigating the effect on safety and infrastructure if vehicle weights up to 97,000 pounds are allowed.

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Whether it’s an online shopper returning clothing that doesn’t fit or a company plant returning defective parts, returns are an integral part of doing business.

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Penske is participating in a Veteran Recruiting Virtual Career Fair for the transportation and logistics industries from 1 to 4 p.m. ET Wednesday, Feb. 27.

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The recent run-up in fuel prices for gasoline and diesel has commercial truck fleet managers and operators once again re-evaluating their fuel strategies and options. Last week, the Department of Energy reported diesel rose 5.3 cents to $4.157 a gallon -- its fifth straight increase. This is highest price for diesel in about four-and-a-half years. Gasoline also rose significantly with nine consecutive increases and it has reached a high unseen since last October at $3.747. In periods like this it’s a good idea to focus on fundamentals when you are operating a fleet of trucks or even just one truck.

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Penske Truck Leasing is participating in career fairs this month at schools and organizations nationwide for various employment opportunities.

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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 will take part in a Milicruit online career fair on Dec. 19 from 1 p.m. to 4 p.m. ET.Milicruit is a website devoted to pairing U.S. military veterans with prospective employers. This event is open to both military veterans and military spouses. Visit http://www.veteranscareerfair.com/to register.

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The driver shortage remains a top concern for private fleets and for-hire carriers alike. The National Private Truck Council (NPTC) called the driver shortage a “chronic problem” in its 2012 Benchmarking Survey, and the American Trucking Research Institute’s (ATRI) 2012 “Critical Issues” survey said the driver shortage placed fourth on the list of top industry concerns,with nearly 13 percent of respondents selecting it as the most serious issue.

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As the trucking industry works to attract new drivers, federal and state legislation is making it easier for veterans and active-duty members of the military to obtain their commercial driver’s license (CDL) and become professional drivers.

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Penske will participate in a Milicruit online career fair on Nov. 13, from 1 p.m. to 4 p.m. ET.Milicruit is a website devoted to pairing U.S. military veterans with prospective employers. This event is open to both military veterans and military spouses. Visit http://www.veteranscareerfair.com/to register.

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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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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 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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