Penske Truck Leasing Completes $1.7 B in Debt & Equity Transactions

Penske Truck Leasing, Co., L.P. (PTL) Completes $1.7 Billion Debt and Equity Transactions

Penske and GE Capital Extend PTL Partnership to 2023

Investment Grade Ratings Received from Fitch, Moody’s and S&P

Penske Truck Leasing Co., L.P. (“PTL”) today announced that it has completed a series of transactions that include $700 million of new equity investments from its existing partners, Penske Corporation, Penske Automotive Group and General Electric Capital Corporation, and a new $1.0 billion five-year unsecured senior credit facility with a group of 17 financial institutions. In addition to increasing their investment in PTL, the partners have agreed to extend the term of the partnership to 2023. [Read more…]

Penske Truck Rental Customer Service Goes Social

In an age where people can post their thoughts to the world on social media platforms via their smartphones while waiting in line for a morning coffee, Penske Truck Rental has responded by creating a team to help connect with and respond to customers in these forums. [Read more…]

Penske Truck Leasing to Exhibit at National Private Truck Council Conference

Penske Truck Leasing will exhibit at the National Private Truck Council (NPTC) Annual Education Management Conference & Exhibition, from April 29 to May 1 in Cincinnati, Ohio.  It will once again take place at the Duke Energy Convention Center and Hilton Netherland Plaza Hotel. [Read more…]

Vote for Penske Logistics as a Top 3PL

Be sure to cast your vote for Penske Logistics as a Top 3PL in Inbound Logistics magazine’s annual voting. To vote, click here and fill in the form. Thanks for your support and consideration. [Read more…]

Penske Participating in Milicruit Online May Career Fairs

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. [Read more…]

Earth Day Tip: SmartWay Makes Sense – Join Today

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. [Read more…]

Penske Community Work Honored by United Way Berks County

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.

The Tradition in Caring award is given to companies supporting the non-profit’s Giving Program, and the Eagle award is handed out to businesses that garner strong employee contributions. [Read more…]

Penske Hosting Career Fairs

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

Helio Castroneves to Pilot Penske Truck Rental and Penske Logistics Branded IndyCars

Penske Truck Rental and Penske Logistics will be sponsoring star IndyCar driver Helio Castroneves for several races this season. Castroneves is in his 13th year with Team Penske, and is a driver in the IZOD IndyCar Series. [Read more…]

Moving Season: Add Kids to the Checklist

An important, yet sometimes overlooked component of the do-it-yourself move is including the needs of children. For the family’s youngest members – who may only know one place as home – a move can be scary and upsetting.

It is important to take some steps to make this major transition easier on your kids. Here are some tips from the moving experts at Penske Truck Rental for helping your children adapt to a new place, along with some practical moving advice for families: [Read more…]