The Official Blog of Penske Transportation Solutions

used trucks

Equipment is one of the top investments and most important operational decisions fleets make. New equipment prices, interest rates, build slots and regulatory requirements are outside of a fleet’s control, and market conditions can make it difficult to always time equipment purchases perfectly.

Used trucks offer fleets another option when adding capacity and can give them more control over when they acquire equipment, how much they spend and how they deploy their assets over time.

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Ownership is an important part of equipment acquisition strategies for many fleets, and used trucks and trailers offer a practical way to add or replace capacity without the high cost and long lead times of new equipment.
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PenskeUsedTrucks.com has rolled out a new customer-friendly feature called My Purchases that streamlines the sales process for customers acquiring a used truck or trailer from Penske Truck Leasing.

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Used trucks can be a powerful tool to help fleets add capacity, refresh equipment or reduce capital expenses, increasing flexibility without the upfront investment required for new equipment and allowing a business to quickly replace vehicles with options spec’d the same as what they’re used to running. They can also provide a cost-effective pathway to test new routes, applications or equipment sizes without committing to long depreciation cycles.
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Used trucks and trailers offer a practical and cost-effective way to expand owned capacity, improve flexibility and keep deliveries on schedule during peak seasons. Used equipment has the added benefit of allowing fleets to ramp up quickly, control costs and improve service reliability.
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Used trucks and trailers let fleets add capacity without the expenses associated with new equipment. Here are five ways used equipment can help fleets adapt to capacity fluctuations:

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Equipment acquisition strategies are an important consideration for fleets and businesses as they work to remain agile while controlling costs. While leasing and rental arrangements offer flexibility, owning equipment outright can make sense.
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Penske Truck Leasing recently celebrated the official opening of its new facility in Cuautitlán, Mexico. This addition highlights Penske's commitment to enhancing transportation solutions in the region.

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READING, Pa., August 21, 2023 – Penske Transportation Solutions furthered its ongoing commitment to veteran hiring across its truck rental, truck leasing and logistics businesses in by signing a strategic commitment with the U.S. Army Partnership for Your Success (PaYS) program.

“We’re honored to begin this important, new relationship with the U.S. Army’s PaYS program,” said Ron Schwartz, vice president of staffing at Penske Transportation Solutions. “We truly value the service of our armed forces and the incredible diversity, work ethic and contributions they bring to our workforce.”

The PaYS Program is a strategic partnership between the Army and a cross section of private industry, academia and state and local public institutes. The U.S. Army PaYS Program guarantees soldiers five job interviews and possible employment after their service in the Army.

“Joining forces with Penske has allowed us to amplify our impact and create even more opportunities for our veterans to thrive in the civilian world,” stated LTC Jesse Ceja, battalion commander of the Dallas Fort-Worth Recruiting Battalion station. “We are proud to work with Penske in bridging the gap between military services and civilian careers, which will ensure a brighter future for those who have greatly served our nation.”

The PaYS program is designed to help soldiers prepare for a career after the Army by connecting them with employers who understand the skills, discipline, and work ethic that military service members bring to a business. This program is part of a long-term U.S. Army effort to help soldiers forge professional relationships with businesses and encourage business owners to look to the Army as a plentiful and reliable recruiting source. Since PaYS began in 2000, more than 1,000 employers have partnered with the program.

Approximately 9% of Penske's annual new hires are veterans and the company has been routinely recognized as a top military friendly employer. The organization offers a wide range of career opportunities including truck fleet maintenance technicians, truck drivers, fleet supervisors, operations management, logistics and supply chain operations, leadership positions and many others. Visit Penske’s careers site for more job opportunities for veterans.

Penske Transportation Solutions is the umbrella brand for Penske Truck Leasing, Penske Logistics, Epes Transport Systems, Penske Vehicle Services, and related businesses. Our businesses provide innovative transportation, supply chain and technology solutions to keep the world moving forward. Visit GoPenske.com to learn more.

The U.S. Department of Defense has formally recognized Penske Truck Leasing for its military-friendly policies. The company is a recipient of the Above and Beyond Award recently given by the Pennsylvania Employer Support of the Guard and Reserve (ESGR). The honor is provided to companies “for outstanding service and continuing support to the national defense.”

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READING, Pa., April 21, 2020 – Penske has rolled out a new and improved version of PenskeUsedTrucks.com. The upgraded website includes an enhanced online experience featuring responsive, adaptive design using a state-of-the-art digital platform that makes shopping, buying and financing a used truck online easy.

"I am excited to introduce to commercial vehicle purchasers a website with a new look and feel and an improved customer experience," stated Jack Mitchell, Penske senior vice president of vehicle remarketing. "When shopping online for the right used Penske trucks to fit your fleet's needs, the intuitive search function is quicker and streamlined."

To support social distancing measures related to COVID-19, customers can search through an extensive online inventory, speak with an expert via phone or email, and schedule a safe delivery or pick-up.

Penske Used Trucks, a business unit of Penske Truck Leasing, is a leading seller of high-quality late-model used commercial trucks to retail, wholesale, used truck dealers, and corporate truck fleet buyers. Penske sells used sleeper and day cab semi-tractors, straight trucks, flatbeds, refrigerated vans, trailers and more. Penske sells the top brands of light-duty, medium-duty and heavy-duty commercial vehicles including: Ford, GMC, Hino, Isuzu, Freightliner, International, and Volvo.

Daily used truck specials are also listed on Twitter by following @PenskeUsedTruck. Call 1-866-309-1962 for assistance with used truck sales.

Penske Truck Leasing is a Penske Transportation Solutions company headquartered in Reading, Pennsylvania. A leading global transportation services provider, Penske Truck Leasing operates more than 327,000 vehicles and serves customers from more than 1,100 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 has rolled out a new and improved version of PenskeUsedTrucks.com. The upgraded website includes an enhanced online experience featuring responsive, adaptive design using a state-of-the-art digital platform that makes shopping, buying and financing a used truck online easy.

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READING, Pa., June 22, 2018 – Penske Used Trucks, a business unit of Penske Truck Leasing, is now offering discounts to members of the National Association of Independent Truckers (NAIT).

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READING, Pa., and Orlando, Fla., April 28, 2016 Penske, a leading transportation and logistics solutions provider, has teamed up with Golf Channel for a new #MovingDay Presented by Penske multi-platform branding campaign that encompasses Golf Channel's coverage of "moving day" across the world's professional golf schedule each week this season. The new collaboration further enhances Penske's digital marketing strategy, which supports its full-service truck leasing, truck rental and logistics business units, and includes digital, social and on air enhancements across Golf Channel's platforms.

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READING, Pa., Nov. 5, 2015 — For the fifth consecutive year Penske Truck Leasing and Penske Logistics have earned placement on the Victory Media 2016 Top 100 Military-Friendly Employer and Military Spouse-Friendly Employer list. Victory is the publisher of G.I. Jobs and Military Spouse magazines.

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READING, Pa., March 18, 2015 — 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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READING, Pa., March 16, 2015 — 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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PenskeUsedTrucks.com has introduced new functionalities to enhance the online shopping experience for its commercial truck customers. Visitors to the site can now save vehicle searches and particular parameters following the creation of a user profile.

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