Penske Truck Leasing Opens New Facility in Cranston, R.I.

READING, Pa., September 25. 2008 - Penske Truck Leasing today announced the opening of its new 21,000 square-foot state-of-the-art facility in the Providence R.I. suburb of Cranston, located at 65 Amflex Drive. The 8.5 acre location employs 38 associates and maintains over 650 vehicles onsite, while servicing nearly 125 customers. Penske offers commercial and consumer truck rental services, full-service truck leasing and contract maintenance.

The one-story Cranston building features four service bays, a truck washing bay and a three-lane fuel island with high-speed fuel pumps for fast, efficient service. This structure, part of Penske's expansion efforts across North America, features new facility design elements intended to enhance the customer experience.

A 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.

Penske previously operated two older facilities separated by less than five miles, acquired through acquisitions. One location was in Warwick, at 522 Jefferson Blvd., and the other being in Cranston, at 11 Sharpe Drive.

"Penske decided to consolidate the operations of two smaller, outdated facilities in Warwick and Cranston," said Jack Gallagher, Senior Vice President – Northeast Region, Penske Truck Leasing. "This state-of-the-art suburban Providence structure will position Penske to be more competitive locally and to increase our market share. We anticipate adding additional Penske associates to mirror the expected growth correlating with this new location."

For more information, please call 401-463-5238. The rental department is open Monday through Friday from 7 a.m. to 6 p.m., on Saturday from 7 a.m. to 1 p.m. and on Sunday from 8 a.m. to noon. The service department operates from 5 a.m. to 1 a.m. Monday through Friday, and on Saturday from 7 a.m. to 3:30 p.m.

Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint venture among Penske Corporation, Penske Automotive Group 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.