Penske News

Penske Truck Leasing and Penske Logistics have committed to hiring several hundred U.S. military veterans and their spouses into their workforce over the next several years as part of the Hiring Our Heroes program.

“Penske is experiencing strong growth in 2015 and we are actively hiring truck drivers and diesel engine technicians across North America,” stated Jen Sockel, Penske senior vice president of human resources.

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Today,Penske Logistics announced it has successfully completed its planned acquisition of Transfreight North America, a provider of third-party logistics and supply chain solutions, from Mitsui & Co., Ltd. Financial terms were not disclosed.

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TheU.S. Department of Energy has awarded Penske Truck Leasing a $400,000 grant for the company’s Alternative Fuel Vehicle (AFV) Demonstration and Enhanced Driver Experience Project, to be administered by the Office of Energy Efficiency and Renewable Energy. Penske will utilize the funds to further introduce alternative fuel vehicles to its customer base.

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Penske Truck Leasing is the recipient of four grants totaling $1.1 million from the Texas Commission on Environmental Quality (TCEQ) through the Texas Emissions Reduction Plan (TERP). It is expected the company will utilize the grants to subsidize the purchase of natural gas Freightliner Cascadia tractors equipped with Cummins Westport 12-liter engines.

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Penske Logistics South America has been given the 2014 QLICAR Award byNatura, a leading Brazilian manufacturer of skin care, cosmetics, perfume, hair care and other beauty products. The award, which recognizes top suppliers, is an acronym that roughly translates from Portuguese to: quality; logistics; innovation; cost/contract; treatment; and relationship.

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Penske Truck Rental, a leading provider of rental trucks as well as corporate employee relocation solutions will team up with Simple Moving Labor in a joint expo booth at the upcoming 2015 Worldwide ERC Relocation Conference from May 6 – 8 in Las Vegas in booth 302. Penske Truck Rental collaborates with moving helpers like Simple Moving Labor to provide a range of moving options from do-it-yourself moves with optional labor assistance to a white glove moving experience.

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Penske Truck Leasing is once again a member of the annual InformationWeek Elite 100 list, placing No. 79. For 16 straight years, the company has graced the InformationWeek 500 rankings, which highlights leading business technology innovators in the United States.

“It is a wonderful accomplishment to once again make the InformationWeek 500 list for this many consecutive years,” said Mike Krut, Penske senior vice president of information technology.

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TheParalyzed Veterans of America (PVA) recently recognized six Central Reservations associates at an awards ceremony for being the highest fundraisers through Penske Truck Rental’s #OneWay4PVA fundraising effort to benefit PVA’s Mission: ABLE campaign.

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Penske Logistics associate David Catalano recently received a Patriot Award from the Department of Defense’s Employer Support of the Guard and Reserve (ESGR) for his support of an associate serving in the Army National Guard.

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Penske Truck Leasing and Penske Logistics were among the companies that celebrated Earth Day and sustainability advancements being made in the transportation sector. The setting in Pottsville, Pennsylvania, was the grand opening of a Trillium CNG fueling station, with Wegmans Food Markets; NFI, a supply chain solutions provider; and Gladstein, Neandross and Associates (GNA), clean transportation and energy consultants.

“Today is an excellent example of how several organizations can work together and create a success story for the transportation industry to transition to alternative fuels,” stated Drew Cullen, Penske senior vice president of fuels and facilities services (pictured speaking below). “We appreciate the opportunity to take a lead role in making this day a reality.”

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Penske Truck Leasing has been given the Clean Air Excellence Award, in the Clear Air Technology category, by the U.S. Environmental Protection Agency (EPA). As one of seven 2015 winners Penske is the only corporation; the other recipients are government-related organizations. This is the first time Penske Truck Leasing has received this award.

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For the third straight year Penske Truck Leasing has been honored by the U.S. Environmental Protection Agency (EPA) as a SmartWay Affiliate Challenge Award winner. Penske is one of seven organizations across the United States to be given the award today at the Transportation Intermediaries Association (TIA) Capital Ideas and Exhibition Conference in Orlando, Florida.

“It is a tremendous accomplishment for our company to be recognized in this fashion,” said Drew Cullen, Penske senior vice president of fuels and facility services. “The Penske team is committed to partnering with our customers and the EPA to develop and implement strategies that improve fuel efficiency, reduce fuel consumption and emissions, and in turn, reduce costs.”

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It’s that time of year again when you get tovote for your favorite third-party logistics provider (3PL) in Inbound Logistics magazine’s 3PL Excellence Survey. Show your support for Penske Logistics by voting online, today! The results will be presented in the July issue of Inbound Logistics magazine. Vote by clicking here and thanks for your support!

While branding is a concept long embraced by companies in the marketplace, members of the Penske Women’s Network encouraged young women to develop their own personal brand as they seek a first job or establish a chosen career.

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Simon Pagenaud will drive the No. 22 Team Penske Dallara/Chevrolet IndyCar in Penske Truck Rental colors for four races in the Verizon IndyCar Series this season, including opening weekend in St. Petersburg, Florida.

Sunday’s race will be telecast by ABC and the rest can be seen on the NBC Sports Network:

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Penske Logistics announced it has reached an agreement to acquire Transfreight North America, a provider of third-party logistics and supply chain solutions, from Mitsui & Co., Ltd. Financial terms were not disclosed.

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Penske Truck Leasing Co., L.P. (“PTL”) today announced that Tokyo-based Mitsui & Co., Ltd. (“Mitsui”) has acquired a 20.0% limited partnership interest in PTL from General Electric Capital Corporation (“GECC”). Following Mitsui’s investment, GECC will continue to own a 29.9% limited partnership interest. The transaction will not have any impact on Penske Corporation’s management and control of the company as it will continue to own a 50.1% interest in PTL and control the General Partner.

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Penske Truck Leasing is “tipping off” a new ad campaign this month starting with ESPN.com during college basketball’s biggest month. The new campaign aims to highlight the breadth of the brand’s service offering to businesses and consumers in a unique and entertaining way.

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Penske Truck Leasing (“Penske”) has opened a new truck rental and full-service truck leasing office in Melbourne, Australia, located at 488 Blackshaws Road, Altona North, Victoria 3025. The hours are Monday through Friday 8 a.m. to 5 p.m. and Saturdays from 8 a.m. to noon. For truck rental and leasing information call 1-300-GO-PENSKE or visitwww.pensketruckrental.com.au. The new office is co-located within the Penske Power Systems facility (formerly MTU Detroit Diesel), a subsidiary of Penske Automotive Group, Inc.

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