Penske Truck Leasing Opens Lakeland, Fla. Facility

READING, Pa., August 9, 2007 - Today, Penske Truck Leasing celebrated the grand opening of a new facility in Lakeland, Fla., located on 1700 Kathleen Road. The 18,000 square-foot state-of-the-art facility offers commercial and consumer truck rental services, full-service truck leasing and contract maintenance. About 65 leasing customers are handled at this eight-acre location and nearly 550 vehicles are maintained on-site.

The one-story building incorporates Penske Truck Leasing's new facility design elements and features state-of-the-art technology to enhance the customer experience. A new wireless technology component allows Penske service technicians to integrate various vehicle diagnostic and repair software. To save energy, GE fluorescent light bulbs with electronic ballasts using 50 percent less energy have been installed.

The facility cost approximately $6 million to construct, and has four service bays, an automated truck washing bay and a three-lane fuel island with high-speed fuel pumps for fast, efficient service.

Penske previously operated a Lakeland facility at 655 McCue Road.

"Moving to a larger, state-of-the-art facility will enable Penske to better serve the Lakeland market," said John Crockett, Senior Vice President - Southeast Region, Penske Truck Leasing. "We look forward to providing increased value to our current customers and expanding our operations locally. We have plans to add more associates in the near future."

The service department, available at 863-686-6136, is open Monday through Friday, 7 a.m. to 11 p.m., and on Saturday from 8 a.m. to 5 p.m. The rental department, which can be reached at 863-686-6136, is open Monday through Friday from 7 a.m. to 6 p.m.; and on Saturday from 8 a.m. to 12 p.m.

Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint venture of Penske Corporation and General Electric. A leading global transportation services provider, Penske operates more than 200,000 vehicles and serves customers from more than 1,000 locations in North America, South America, Europe and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, transportation and warehousing management, and supply chain management solutions. Visit www.GoPenske.com to learn more about the company and its products and services.