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Penske Truck Leasing Issues $1.75 B in Senior Notes

May 11, 2012 By penskeblog Leave a Comment

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. [Read more...]

Filed Under: Lease, Logistics, News, Rental, Used Trucks Tagged With: 3PL, Bank of America Merrill Lynch, bond offering, bonds, Brian Hard, business truck rental, commercial truck leasing, consumer truck rental, do-it-yourself, full service truck leasing, J.P. Morgan, L.P., logistics, Penske Automotive Group and General Electric Capital Corporation, penske corporation, Penske Truck Leasing Co., PTL, PTL Finance Corporation, senior notes, supply chain, transportation, used trucks, Wells Fargo Securities

Penske Truck Rental Exhibiting at National Relocation Conference

May 4, 2012 By penskeblog Leave a Comment

Simple Moving Labor and CubeSmart will join Penske Truck Rental’s team of exhibitors at the Worldwide Employee Relocation Conference’s 2012 National Relocation Conference May 9 – 11, 2012 in San Antonio, Texas. [Read more...]

Filed Under: News, Rental Tagged With: commercial truck rental, consumer truck rental, cubesmart, do-it-yourself, employee mobility professionals, employee relocation, moving, moving truck rentals, National Relocation Conference, Penske Truck Rental, relocating for work, relocation, relocation assistance, rental truck, rental trucks, self-storage, simple moving labor, wercnrc, workforce mobility, worldwide employee relocation conference, Worldwide ERC®’s 2012 National Relocation Conference

Penske Hosting May Job Fairs at UTI, WyoTech and UNOH. Diversity Career Fairs Also Slated this Month.

May 3, 2012 By penskeblog Leave a Comment

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

Filed Under: Lease, Logistics, News, Penske Careers, Rental Tagged With: benefits, career fair, careers, chicago, companies that are hiring, dallas fort worth, DFW, diesel engine technicians, diesel mechanics, diversity career fairs, diversity job fairs, employment, hiring, irving, job fairs, jobs, laramie, livonia, logistics jobs, mechanics, michigan, military, now hiring, ohio, PA, Pennsylvania, Penske Logistics, Penske Truck Leasing, Penske Truck Rental, Penske Used Trucks, people, philadelphia, philly, sacramento, supply chain jobs, texas, Top 100 Military Friendly Employers, truck maintenance, trucking jobs, University of Northwestern Ohio’s College of Applied Technologies, UNOH, UTI, veterans, west sacramento, WyoTech

NEW: Penske Truck Rental’s May Photo Sweepstakes!

May 1, 2012 By penskeblog Leave a Comment

Just in time for moving season, Penske Truck Rental has launched a fun, new photo sweepstakes for the month of May. The Penske Truck Rental Photo Sweepstakes began May 1, 2012 and ends May 31, 2012. [Read more...]

Filed Under: Rental Tagged With: budget for moving truck, consumer truck rental, diy moves, do-it-yourself, enter to win, gift cards, giftcards, moving budet, moving truck, moving truck rental budget, moving truck rentals, moving trucks, penske rentals, Penske sweepstakes, Penske Truck Rental, photo sweepstakes, photography, photos, pics, prizes, savings, Sweepstakes, sweepstakes entry, truck, truck rentals, walgreens, win, winning

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

April 30, 2012 By penskeblog Leave a Comment

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...]

Filed Under: Lease, Logistics, News, Penske Careers, Rental, Used Trucks Tagged With: 3PL, Brian Hard, business truck rental, capital, commercial truck leasing, consumer truck rental, credit facility, do-it-yourself, financial, financial news, Fitch, full service leasing, ge, ge capital, general electric, joint ventures, logistics, Moody’s, partnerships, penske automotive group, penske corporation, penske truck leasing co lp, PTL, rating agencies, S&P, supply chain, transportation

Penske Truck Rental Customer Service Goes Social

April 30, 2012 By penskeblog Leave a Comment

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...]

Filed Under: Penske Careers, Rental Tagged With: blogs, consumer truck rental, customer service, do-it-yourself, facebook, google +, google plus, moving truck rentals, penske social, penskecares, rental truck, social media, transportation, twitter, youtube

Penske Participating in Milicruit Online May Career Fairs

April 23, 2012 By penskeblog Leave a Comment

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...]

Filed Under: Lease, Logistics, News, Penske Careers, Rental Tagged With: business truck rental, commercial truck drivers, commercial truck leasing, milicruit, transportation sales, truck maintenance technicians

Earth Day Tip: SmartWay Makes Sense – Join Today

April 20, 2012 By penskeblog Leave a Comment

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...]

Filed Under: Lease, Logistics, Rental, Used Trucks Tagged With: 3PL, best practices, commercial truck drivers, commercial truck leasing, commercial truck rental, earth day, epa smartway, full service leasing, logistics, supply chain, transportation, truck drivers, trucking

Penske Hosting Career Fairs

April 18, 2012 By penskeblog Leave a Comment

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

Filed Under: Lease, Logistics, Penske Careers, Rental Tagged With: career fair, employment, jobs

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

April 18, 2012 By penskeblog 4 Comments

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. He is off to a strong start, recording one win and a top-five finish. [Read more...]

Filed Under: Lease, Logistics, News, Rental Tagged With: abc, consumer truck rental, do-it-yourself, helio castroneves, izod indycar series, logistics, nbc sports network, supply chain, team penske

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