Penske Receiving $1.1 Million in Texas Sustainability Grants

READING, Pa., May 5, 2015 — 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.

Penske will likely deploy these trucks in its full-service truck leasing fleet in the Houston and Dallas markets.

"The Houston and Dallas metropolitan regions have been designated as target air-quality improvement areas and we're happy to do our part in facilitating TERP's vision," said Drew Cullen, Penske Senior Vice President of Fuels and Facilities Services. "These funds will allow our customers to employ natural gas vehicles at a more competitive cost."

Penske Truck Leasing is a transportation industry leader in the areas of spec'ing, operating and maintaining fleets of traditionally-fueled vehicles as well as alternative-fueled vehicles that includes natural gas, propane, electric and diesel-electric hybrids.

Penske Truck Leasing is an affiliate partner in the U.S. EPA SmartWay program and Penske Logistics is a partner in the trucking carrier and logistics categories. Penske Truck Leasing is also an affiliate partner in the Canada SmartWay Transport Partnership, which is administered by Natural Resources Canada. In the U.S., Penske Truck Leasing has won the SmartWay Affiliate Challenge Award for the last three years. In 2015, Penske Truck Leasing was given the U.S. EPA Clean Air Excellence Award for the first time in company history.

Penske Truck Leasing Co., L.P., headquartered in Reading, Pennsylvania, is a partnership of Penske Corporation, Penske Automotive Group, General Electric Capital Corporation and Mitsui & Co., Ltd. A leading global transportation services provider, Penske operates more than 216,000 vehicles and serves customers from more than 1,000 locations in North America, South America, Europe, Australia and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, used truck sales, transportation and warehousing management and supply chain management solutions. Visit www.GoPenske.com to learn more. Penske Truck Leasing social media: Move Ahead Blog, Twitter, Facebook, LinkedIn, Google+, YouTube, Pinterest, and Instagram.