The Official Blog of Penske Transportation Solutions

Truck Leasing

Over the spring and summer people have sent us hundreds of great photos of Penske trucks in scenic locations across North America for our monthly photo sweepstakes. But, this collection of stunning photos took the idea of "taking the scenic route" in your Penske truck to new heights.

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Penske Truck Rental is AAA’s bestmoving truck rental discount. We share their commitment to on-the-road safety. AAA has put together a great list of back-to-school driving tips everyone can use to help kids stay safe. Remember School's Open – Drive Carefully!

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Last Friday, Penske Truck Leasing, Co., L.P. sold the assets of its daily utility vehicle rental business to Bluffton, Indiana-basedNESCO. The deal involved the sale of approximately 250 utility rental vehicles and utility vehicle rental contracts. Financial details were not disclosed.

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Penske Truck Leasing has introduced a special InstaLease, which is a full-service leasing program for low-mileage, late-model (2011 and 2010) 16-foot white Ford E350 box trucks. Leases are available in two-, three-, or four-year terms with easy delivery*.For more information and full details, please call Penske Truck Leasing’s sales team at 1-888-563-6448. Be sure to visit www.PenskeTruckLeasing.com for all your full-service truck leasing needs.

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Penske Truck Leasing is now offering a Try-Me Lease on 2011 Freightliner Cascadia Premium tandem axle day cabs. This short-term lease* enables customers to experience Freightliner’s most technologically advanced tractor, which features Detroit Diesel and 2010 emission engine technologies, low-mileage, cutting-edge specifications, as well as options that provide maximum driver comfort.

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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 $1.1 billion of two-year and 10-year senior notes. The first series matures in 2014 and the second in 2022. The net proceeds from the sale of these notes will be used to refinance existing PTL debt.

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The good news for the trucking industry and truck fleet owners and operators is the U.S. Energy Information Administration recently revised its forecast for diesel prices down. But, if you have operated a truck fleet over the last few years you know all too well low prices just don’t seem to last. When prices snap back it hurts your bottom line. Take a strategic approach now to gain greater control over your fleet’s complete fuel management with Penske Truck Leasing’s comprehensive program. Watch this video to learn more.

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On June 26, from 1 p.m. to 4 p.m. ET, Penske will once again participate in the Milicruit online career fair.Milicruit is a website devoted to pairing U.S. military veterans with prospective employers. This particular event is open to both military veterans and military spouses. Please visit www.veteranscareerfair.com to register for the event.

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For motor carriers, fuel is the second highest budget item and for some companies it is threatening to surpass personnel costs. What’s more, diesel prices continue to inch higher and industry analysts expect fuel costs to remain volatile throughout 2012 and into 2013. Managing fuel spend is an important aspect of a fleet’s operation. Pennies on the gallon matter and with the right technology, equipment and driver behavior, carriers can better manage fuel costs and improve efficiency.

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The safety protocol Compliance, Safety, Accountability (CSA) has been undergoing several changes since it was launched in 2010, and now carriers are getting a sneak peek of substantial changes to the Carrier Safety Measurement System (SMS) of CSA that are slated to be publicly available in July.

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Every June thousands of law enforcement officers partner together at 1,500 locations across North America to conduct a three-day, commercial vehicle safety enforcement and education campaign organized annually by the Commercial Vehicle Safety Alliance (CVSA).

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While their products, services and consumers vary, businesses at the Alternative Fuels Renewable Energies Council (AFREC) Sustainability Summit May 31 in Hershey, Pa., all share one common goal: to be better environmental stewards.

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Penske will be a part of tomorrow’s Milicruit online career fair.Milicruit is a website devoted to pairing U.S. military veterans with prospective employers. It will take place on Wednesday, May 23, from 1 p.m. to 4 p.m. ET. Penske human resources staff will host real-time chats with prospective associates.

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Penske Truck Leasing is among the major sponsors of the upcoming Alternative Fuels Renewable Energies Council Sustainability Summit. The event includes executives from leading private and Fortune 500 companies, where sustainability improvement efforts will be highlighted. Penske executives will also be present.

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Penske Truck Leasing Co., L.P. (“PTL”) and its wholly owned subsidiary PTL Finance Corporation today announced that they have issued an aggregate of $1.75 billion in senior notes in two equally sized tranches of notes with three- and five-year maturities. The net proceeds from the sale of the notes will be used to refinance existing PTL debt. The offering was managed by J.P. Morgan, Bank of America Merrill Lynch and Wells Fargo Securities.

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