The Official Blog of Penske Transportation Solutions

Truck Leasing

Penske will participate in a Milicruit online career fair on Nov. 13, from 1 p.m. to 4 p.m. ET.Milicruit is a website devoted to pairing U.S. military veterans with prospective employers. This event is open to both military veterans and military spouses. Visit http://www.veteranscareerfair.com/to register.

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Penske Truck Leasing’s fleet maintenance and recruiting teams will be at WyoTech, Laramie, Wyo., and Lincoln Technical Institute, Grand Prairie, Texas, to fill diesel technician and customer service representative positions.

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At the global headquarters of Penske Truck Leasing and Penske Logistics in Reading, Pa., the company’s 24/7 Roadside Assistance Center is hard at work, servicing customers during Hurricane Sandy. This photo was taken this morning.

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Important Penske Information & Numbers

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Penske Truck Leasing and Penske Logistics will be exhibitors at this year’s International Foodservice Distributors Association (IFDA)Distribution Solutions Conference, Oct. 29 to Oct 31. It will take place at the Rio All-Suite Hotel in Las Vegas.

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Penske Truck Leasing is now offering a limited number of 2011 and 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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After 10 years as a high school history and government teacher, Brendan Cotter (photo right) decided it was time for a change. While he enjoyed teaching, he was far less enamored with the politics that accompanied it. It was time to shake things up. So, Cotter enrolled atUniversal Technical Institute in Los Angeles, to become a diesel truck maintenance technician.

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Penske Truck Leasing Co., L.P. (“PTL”) today announced that it completed an initial asset-backed bank conduit facility with a group of six banks for approximately $450 million. The available capacity of the facility is $750 million. PTL expects to use the net proceeds to repay borrowings on its credit facility from General Electric Capital Corporation (GECC).

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Third-party logistics providers are guardedly optimistic about future revenue growth within the industry and turning to near-shoring, capturing increasing amounts of data and adding services to boost profitability.

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Penske Truck Leasing and Penske Logistics are looking for upcoming graduates, recent graduates or alumni of schools nationwide to join our diverse and talented team.

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Penske Truck Leasing Co., L.P. (“PTL”) and its wholly owned subsidiary PTL Finance Corporation announced they have issued an aggregate of $1.5 billion of senior notes in two tranches with 3.5 year and 5.5 year maturities at rates of 2.50 percent and 3.375 percent, respectively. 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 third successful offering PTL has completed in 2012. The current offering was managed by Bank of America Merrill Lynch, J.P. Morgan and Wells Fargo Securities.

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After beginning work with Penske Truck Leasing nine years ago as a truck collision center clerk, Tess Bilbruck is today a branch service manager in Tempe, Ariz., where she manages a team of 14 well-trained maintenance technicians.

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Earlier today, the space shuttleEndeavour made its final flight after 30 years of service. Penske associate Brandon Wade captured this incredible image as the shuttle passed over the company's location in Carson, Calif.

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In recognition of this week’s National Truck Driver Appreciation Week, Penske Logistics acknowledges its six drivers who were nominated for Truck Renting and Leasing Association’s (TRALA) 2012 Driver of the Year Award earlier this year.

TRALA presents this award annually to a driver who demonstrates excellence in driving and safety standards throughout his/her professional driving career.

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Penske Truck Leasing and Penske Logistics are looking for energetic alumni and recent or soon-to-be graduates from the University of Tennessee and the Florida International University to join our diverse and talented team.

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U.S. President Barack Obama signed the transportation reauthorization law, authorizing $105 billion in spending for highways and public transit over the next two years and government mandates intended to increase safety, such as mandatory electronic on-board recorders (EOBRs) and the creation of a federal drug and alcohol clearinghouse.

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The trucking industry and communities nationwide will join together Sept. 16 to 22 to honor America’s truckers during National Driver Appreciation Week. TheAmerican Trucking Associations (ATA) coordinates the timing and marketing of the event, but the entire trucking industry embraces it.

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Penske has been named to the InformationWeek 500 list for the 12th consecutive time, ranking No. 114 this year.

A private company, Penske Truck Leasing earned the listing alongside Fortune 500 corporations.

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In a matter of months new emissions standards for refrigerated trailers will take effect nationwide, and the industry is preparing for increased costs and changes to their operations.

The new regulations will take effect on Jan. 1, 2013, and require reductions of as much as 90 percent in particulate matter and 30 percent in nitrogen oxide for all new, non-road engines of less than 50 HP, which includes those used in transport refrigeration units.

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Penske Truck Leasing is looking for qualified candidates from Lincoln Technical Institute, East Windsor, Conn., and UTI-Dallas to join our diverse and talented team.

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