The Official Blog of Penske Transportation Solutions

Truck Leasing

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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Penske will participate in two Milicruit online careers fairs during the month of May.Milicruit is a website devoted to pairing U.S. military veterans with prospective employers through online employment fairs.

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In an effort to recognize Earth Day on Sunday,Penske Truck Leasing, Penske Truck Rental and Penske Logistics encourages everyone in the transportation and logistics sectors to consider joining the EPA’s SmartWay Transport Partnership to help further reduce fuel consumption needs and emissions.

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Penske Truck Leasing, headquartered in Reading, Pa., was last night honored for its local philanthropic work. The United Way of Berks County gave the company the Tradition in Caring and Eagle awards at its annual dinner.

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Penske Truck Leasing and Penske Logistics are looking for qualified candidates at career fairs nationwide to join our diverse and talented team.

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Penske Truck Leasing’s fleet maintenance and recruiting teams will host career fairs in April at schools nationwide to filldiesel technician and customer service representative positions.

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Industry analysts expect diesel prices to increase in the next six months and remain volatile throughout 2012 and into 2013. They also expect to see a wide range of prices throughout the U.S., driven primarily by demand within the U.S. and abroad.

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It has been almost two years since the Department of Transportation's (DOT) Federal Motor Carrier Safety Administration (FMCSA) launched the new safety protocol Compliance, Safety, Accountability (CSA), but motor carriers and the third-party companies that hire those carriers are still working to better understand the program and decipher how it applies to them.

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Not only is fuel theft an issue for truck fleets, but companies likePenske Truck Leasing are also filing regular police reports and working with police to help capture and prosecute thieves for the theft of expensive items like truck tires and catalytic converters.

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