Penske Truck Leasing Celebrated Grand Opening of Facility in Laredo, Texas

READING, Pa., May 10, 2007 - Penske Truck Leasing today celebrated the grand opening of a facility in Laredo, Texas, located on 1661 World Trade Center Loop. The 18,000 square-foot facility, currently employing seven associates, offers commercial and consumer truck rental services, full-service truck leasing and contract maintenance. Each Penske associate is bilingual, to better serve the area's large Hispanic population. About 50 rental and leasing customers are handled at the three-acre location, and more than 150 vehicles are maintained on-site.

The facility features eight service bays, and the wireless technology component allows Penske service technicians to integrate various vehicle diagnostic and repair software.

"This Laredo facility represents a new market for Penske," said Terry Scott, Senior Vice President - South Central Region, Penske Truck Leasing. "Previously, our rental and leasing customers traveled to Penske's San Antonio location. Laredo is an international commerce gateway, so this is an important location for Penske Truck Leasing. As we continue to expand our operations and bring aboard new customers, we look forward to hiring more associates in the near future."

The service and rental departments can be reached at 956-723-4339. The service department is open six days a week, operating from 8 a.m. to 6 p.m. Monday through Saturday. The rental office is open from 8 a.m. to 5 p.m. Monday through Friday, and is available on Saturday from 8 a.m. until noon.

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 200,000 vehicles and serves customers from more than 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 the company and its products and services.