The Official Blog of Penske Transportation Solutions

Used Trucks

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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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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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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**This sale has once again been extended to May 31, 2012.** Penske Used Trucks is currently selling 12-foot and 16-foot box trucks across the U.S. that come with a special $1,500 discount and a complimentary 6-month extended warranty. Call 1-888-803-5675 and mention reference code HC1011BL for full details.

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Mike Duff, Penske Truck Leasing senior vice president and general counsel, was the keynote speaker at today’s American Bar Association New Partner and In-House Counsel Conference, Young Lawyers Division, in Philadelphia.

Duff highlighted the dynamics of becoming an in-house attorney, and provided keys to success for hiring, and working with, outside counsel.

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Penske Truck Leasing and Penske Logistics plan to hire approximately 3,500 associates within their North American operations throughout 2012.

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Penske has been named to G.I. Jobs magazine’s Top 100 Military Friendly Employers® list.

The magazine recognizes military friendly companies that demonstrate commitment to recruiting America’s veterans.

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A double-dip recession may be impacting the U.S. economy by year’s end or early 2012 according to at least one nationally renowned economist in the transportation industry.

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The American Transportation Research Institute (ATRI) has recently updated its comprehensive list of idling regulations for U.S. states. You may access and download the full list as well as a foldable cab card for free byclicking here. The ATRI is a leading industry research organization.

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Successfully competing in the red-hotused commercial trucks market takes service, dedication and great people to make it happen. Penske Used Trucks has been gradually growing its national call center team to help meet the uptick in demand for used trucks.

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Looking for a short, interesting read? Be sure to check out the American Transportation Research Institute website, which recently released the findings of its 2011 update toAn Analysis of the Operational Costs of Trucking report. With record high diesel and gasoline prices and looming truck driver shortages, it’s little wonder that both fuel and driver wages continued to rank as the top cost centers. To get a PDF summary of ATRI's report click here. Need assistance in controlling fleet costs? Penske can help. Contact us today.

Industry experts continue to predict that truck capacity will tighten. This is due in large part to economic growth combined with industry-specific regulations like the Federal Motor Carrier Safety Administration’s (FMCSA) newCompliance Safety Accountability (CSA) program, new hours-of-service (HOS) rules, and escalating fuel costs.

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