READING, Pa., September 12, 2006 - Today, Penske Truck Leasing announced that it ranked 11th overall on the 2006 InformationWeek 500 for the technological innovation it demonstrates in the transportation and logistics industries. Penske ranked first among its peers in the transportation and logistics category. This is the company's 6th consecutive year on the list. In 2005, Penske was ranked 21st overall, and was a runnerup in the transportation and logistics category.
"We are very pleased to receive this recognition and it is an honor to be regarded so highly among the many fine companies on this list," said William Stobbart, Senior Vice President - Information Technology, Penske Truck Leasing. "We are especially appreciative and proud of our technology associates around the globe, who play such an instrumental role supporting our own company's technology needs but also those of our customers."
This year's ranking was based in part upon several innovative IT and systems integration projects that helped Penske improve customer service while also saving millions of dollars annually through process improvements, overall cost reductions, and substantial employee productivity gains at both Penske Truck Leasing and its subsidiary Penske Logistics.
"We'd like to extend our sincere congratulations to all InformationWeek 500 honorees. These
companies represent today's leading technology innovators," said InformationWeek publishing
director, Fritz Nelson. "This group has prompted fascinating discussion on some of the most
forward looking business technology initiatives to date."
For the past 18 years, InformationWeek has identified and honored the nation's most innovative users of information technology with its annual listing. The list is unique among corporate rankings because it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders. Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/.
About Penske Truck Leasing
Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint venture of Penske Corporation and General Electric. A leading global transportation services provider, Penske operates more than 216,000 vehicles and serves customers from over 1,000 locations in North America, South America, Europe, and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, transportation and warehousing management and supply chain management solutions.Visit www.GoPenske.com to learn more about our products and services.
InformationWeek is a trusted and authoritative source for business technology professionals. The print and online editions reach 2.5 million chief information officers, IT executives and business managers who cut across industries, job titles, company sizes and global borders.