Truck Leasing

Penske Recruiting at Kutztown Internship and Job Fair

Penske Truck Leasing and Penske Logistics are looking for energetic alumni and recent or soon-to-be graduates from Kutztown University of Pennsylvania to join their diverse and talented team during the school’s Internship and Job Fair from noon to 3 p.m. Wednesday, April 3.

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Penske Has Special Deals on 2014 Volvo Trucks for a Limited Time

Penske Truck Leasing now has among its full service lease offerings 2014 Volvo sleepers and day cabs equipped with Volvo Enhanced Stability Technology (VEST) for improved efficiency and safety.

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Penske Truck Rental Ahead of Schedule with LED Headlight Retrofit

Penske Truck Rental is ahead of schedule with its planned retrofitting of 5,000 commercial semi-tractors with cutting edge custom LED headlights from Truck-Lite, an initiative it announced in late November of 2012. Penske Truck Rental is the first company to offer these LED headlights.“Retrofitting has gone exceedingly well and by month’s end we will have approximately 3,000 units completed available to rent within our fleet,” said Penske’s Don Mikes, Senior Vice President of Truck Rental. “The response to these new lights has been good and truck drivers really like the added visibility.”

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FMCSA Urges Truck Fleets to Choose GPS Systems Wisely

The U.S. Federal Motor Carrier Safety Administration (FMCSA) is reminding truck drivers and fleet operators to choose their GPS navigation systems carefully. Failing to select a GPS navigation unit designed for commercial vehicles can lead to serious safety concerns.

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Industry, Government Continue to Look at Truck Size and Weight

For years, the trucking industry has advocated for increased truck size and weight, and now the U.S. Department of Transportation (DOT) is investigating the effect on safety and infrastructure if vehicle weights up to 97,000 pounds are allowed.

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Fight High Fuel Prices with Fundamentals & SmartWay

The recent run-up in fuel prices for gasoline and diesel has commercial truck fleet managers and operators once again re-evaluating their fuel strategies and options. Last week, the Department of Energy reported diesel rose 5.3 cents to $4.157 a gallon -- its fifth straight increase. This is highest price for diesel in about four-and-a-half years. Gasoline also rose significantly with nine consecutive increases and it has reached a high unseen since last October at $3.747. In periods like this it’s a good idea to focus on fundamentals when you are operating a fleet of trucks or even just one truck.

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Penske Truck Leasing Issues CDN$375 Million in Senior Notes

Penske Truck Leasing Canada Inc. (“PTL Canada”), a wholly-owned subsidiary Penske Truck Leasing Co., L.P. (“PTL”) announced it has issued CDN$375 million of senior notes with a 5 year maturity at a rate of 3.65%. The series matures in 2018. The notes are guaranteed by PTL and the net proceeds of the offering will be used to repay Canadian denominated borrowings on PTL's credit facility from General Electric Capital Corporation (“GECC”) and for general corporate purposes.

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Penske Truck Rental Joins “TODAY Show” Sandy Relief Effort

Yesterday, NBC News' “TODAY show” announced“TODAY Gives Hope,” a new ongoing initiative to help bring relief to communities in need. (Watch the TODAY T.V. segment here.) Through this long-term project, the TODAY show will leverage its strength in news coverage, cross-platform promotion, and partnerships to inspire viewers to bring hope back to communities that need it most. When areas across the nation face challenging times, “TODAY Gives Hope” will be prepared to take action and help.

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Penske Announces 2012-2013 National Technical Challenge Results

Penske Truck Leasing has announced the winners of its 2012-2013 National Technical Challenge. The Tech Challenge is a company event that will be held every other year to test the skillsets of its truck maintenance technician workforce via hands-on and written assessments. There were two types of entries: a two-person vehicle systems team and individual competitors in the preventive maintenance (PM) event.

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Interested in a Fleet Maintenance Career at Penske?

Penske Truck Leasing’s fleet maintenance and recruiting teams will be looking for qualified candidates at career fairs nationwide to fill diesel technician, fueler/washer/vehicle detailer and fleet maintenance leadership trainee positions.

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Penske 2012 Freightliner Trucks Ready to Lease

Penske Truck Leasing has in its inventory a limited number of 2012 Freightliner trucks for lease with low mileage. The vehicles provide the latest in cutting-edge specs and driver comfort, and feature quick delivery and short-term lease options at discounted rates.

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Penske Truck Leasing Issues $1.0 Billion in Senior Notes

Penske Truck Leasing Co., L.P. (“PTL”) and its wholly owned subsidiary PTL Finance Corporation announced they have issued an aggregate of $1.0 billion of senior notes in two tranches with 5.5 year and 10 year maturities at rates of 2.875% percent and 4.25 percent, respectively. The first series matures in 2018 and the second in 2023. The net proceeds of the offering will be used to repay borrowings on PTL's bank revolver and its credit facility from General Electric Capital Corporation (GECC). This is the fourth successful offering PTL has completed since May, 2012. The current offering was managed by Bank of America Merrill Lynch, J.P. Morgan and Wells Fargo Securities.

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Penske National Technical Challenge Region Winners Announced

Penske Truck Leasing has named its 15 finalists for the 2012-2013 National Technical Challenge, an in-house competition for its truck maintenance technician workforce.

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Penske Installing Truck-Lite LED headlights on 5,000 Rental Semi-Trucks

Penske Truck Leasing is retrofitting 5,000 of its 2012 and 2013 semi-tractors currently within its commercial truck rental fleet with new, cutting-edge LED headlights from Truck-Lite. Penske is the first and only commercial truck rental operation to currently offer thisinnovative headlamp option within its fleet.

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Government Eases CDL Requirements for Veterans

As the trucking industry works to attract new drivers, federal and state legislation is making it easier for veterans and active-duty members of the military to obtain their commercial driver’s license (CDL) and become professional drivers.

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Truck Leasing

Penske Recruiting at Kutztown Internship and Job Fair

Penske Has Special Deals on 2014 Volvo Trucks for a Limited Time

Penske Has 2012 M2 Freightliner Trucks for Lease -- Expired

Penske Truck Rental Ahead of Schedule with LED Headlight Retrofit

FMCSA Moves Closer to Electronic On-Board Recorder Rule

FMCSA Urges Truck Fleets to Choose GPS Systems Wisely

Industry, Government Continue to Look at Truck Size and Weight

Penske Participating in Veteran Recruiting Online Career Fair

Fight High Fuel Prices with Fundamentals & SmartWay

Penske Participating in February Career Fairs

Penske Truck Leasing Issues CDN$375 Million in Senior Notes

Penske Truck Rental Joins “TODAY Show” Sandy Relief Effort

Penske Announces 2012-2013 National Technical Challenge Results

Interested in a Fleet Maintenance Career at Penske?

Penske 2012 Freightliner Trucks Ready to Lease

Penske Truck Leasing Issues $1.0 Billion in Senior Notes

Penske National Technical Challenge Region Winners Announced

Penske Participates in Milicruit Online Career Event

Penske Installing Truck-Lite LED headlights on 5,000 Rental Semi-Trucks

Government Eases CDL Requirements for Veterans