Full Service Leasing | blog.gopenske.com

Industry, Government Continue to Look at Truck Size and Weight

March 12, 2013 by penskeblog Leave a Comment

For years, the trucking industry has advocated for increased truck size and weight, and now the U.S. Department of Transportation (DOT) is investigating the effect on safety and infrastructure if vehicle weights up to 97,000 pounds are allowed. [Read more...]

Filed Under: Logistics, Truck Leasing, Truck Rental, Used Trucks Tagged With: commercial truck drivers, commercial truck leasing, commercial truck rental, commercial vehicle safety alliance, CVSA, Department of Transportation, DOT, full service leasing, logistics, rental truck, supply chain, third-party logistics, transportation, transportation management, truck drivers, trucking

Penske Announces 2012-2013 National Technical Challenge Results

January 29, 2013 by penskeblog 1 Comment

Penske Truck Leasing has announced the winners of its 2012-2013 National Technical Challenge. The Tech Challenge is a company event that will be held every other year to test the skillsets of its truck maintenance technician workforce via hands-on and written assessments. There were two types of entries: a two-person vehicle systems team and individual competitors in the preventive maintenance (PM) event. [Read more...]

Filed Under: Logistics, Penske Careers, Penske News, Truck Leasing, Truck Rental Tagged With: commercial truck leasing, commercial truck rental, consumer truck rental, full service leasing, logistics, moving truck rentals, national tech challenge, penske careers, supply chain, transportation, truck maintenance technicians, trucking

Penske 2012 Freightliner Trucks Ready to Lease

January 18, 2013 by penskeblog Leave a Comment

Penske Truck Leasing has in its inventory a limited number of 2012 Freightliner trucks for lease with low mileage. The vehicles provide the latest in cutting-edge specs and driver comfort, and feature quick delivery and short-term lease options at discounted rates. [Read more...]

Filed Under: Sales Promotion, Truck Leasing Tagged With: 2012 freightliner trucks, 2012 m2 straight truck, 2012 raised roof sleepers, 2012 tandem axle day cabs, commercial truck leasing, full service leasing, transportation, trucking

Carriers Seek Ways to Combat Truck Driver Shortage

November 26, 2012 by penskeblog Leave a Comment

The driver shortage remains a top concern for private fleets and for-hire carriers alike. The National Private Truck Council (NPTC) called the driver shortage a “chronic problem” in its 2012 Benchmarking Survey, and the American Trucking Research Institute’s (ATRI) 2012 “Critical Issues” survey said the driver shortage placed fourth on the list of top industry concerns, [Read more...]

Filed Under: Logistics, Penske Careers Tagged With: 3PL, american trucking associations, american trucking research institute, ata, ATRI, best practices, commercial truck drivers, full service leasing, logistics, nptc, supply chain, tca, third-party logistics, transportation, truck drivers, trucking, truckload carriers association

Government Eases CDL Requirements for Veterans

November 19, 2012 by penskeblog Leave a Comment

As the trucking industry works to attract new drivers, federal and state legislation is making it easier for veterans and active-duty members of the military to obtain their commercial driver’s license (CDL) and become professional drivers.

In late October, U.S. President Barack Obama signed the Military Commercial Driver’s License Act of 2012 into law, which allows states to issue a CDL to members of the armed forces in the state in which they are stationed, even if they are away from home. [Read more...]

Filed Under: Logistics, Penske Careers, Truck Leasing, Truck Rental Tagged With: 3PL, best practices, commercial drivers license, commercial truck drivers, commercial truck leasing, commercial truck rental, FMCSA, full service leasing, logistics, supply chain, third-party logistics, transportation, U.S. military veterans

Penske to Attend Milicruit Online Career Fair

November 5, 2012 by penskeblog Leave a Comment

Penske will participate in a Milicruit online career fair on Nov. 13, from 1 p.m. to 4 p.m. ET. Milicruit is a website devoted to pairing U.S. military veterans with prospective employers. This event is open to both military veterans and military spouses. Visit http://www.veteranscareerfair.com/to register. [Read more...]

Filed Under: Logistics, Penske Careers, Truck Leasing, Truck Rental, Used Trucks Tagged With: 3PL, business truck rental, commercial truck drivers, commercial truck leasing, consumer truck rental, full service leasing, lease sales, logistics, maintenance technicians, rental sales, supply chain, third-party logistics, transportation, transportation customer service

Penske to Exhibit at IFDA Conference

October 25, 2012 by penskeblog Leave a Comment

Penske Truck Leasing and Penske Logistics will be exhibitors at this year’s International Foodservice Distributors Association (IFDA) Distribution Solutions Conference, Oct. 29 to Oct 31. It will take place at the Rio All-Suite Hotel in Las Vegas. [Read more...]

Filed Under: Logistics, Truck Leasing Tagged With: commercial truck leasing, dedicated contract carriage, full service leasing, ifda, logistics, supply chain, transportation, transportation management

Penske 2011 and 2012 Freightliner Trucks Ready to Lease

October 25, 2012 by penskeblog Leave a Comment

Penske Truck Leasing is now offering a limited number of 2011 and 2012 Freightliner trucks for lease with low mileage. The vehicles provide the latest in cutting-edge specs and driver comfort, and feature quick delivery and short-term lease options at discounted rates. [Read more...]

Filed Under: Truck Leasing Tagged With: commercial truck leasing, Freightliner, full service leasing, transportation, trucking

UTI Grads Find Career Success at Penske

October 22, 2012 by penskeblog Leave a Comment

After 10 years as a high school history and government teacher, Brendan Cotter (photo right) decided it was time for a change. While he enjoyed teaching, he was far less enamored with the politics that accompanied it. It was time to shake things up. So, Cotter enrolled at Universal Technical Institute in Los Angeles, to become a diesel truck maintenance technician. [Read more...]

Filed Under: Penske Careers, Truck Leasing Tagged With: best practices, commercial truck leasing, commercial truck rental, consumer truck rental, employment, full service leasing, third-party logistics, transporation careers, transportation

Penske Truck Leasing Issues $1.5 Billion in Senior Notes

September 27, 2012 by penskeblog Leave a Comment

Penske Truck Leasing Co., L.P. (“PTL”) and its wholly owned subsidiary PTL Finance Corporation announced they have issued an aggregate of $1.5 billion of senior notes in two tranches with 3.5 year and 5.5 year maturities at rates of 2.50 percent and 3.375 percent, respectively. Net proceeds of the offering will be used to repay borrowings on PTL’s bank revolver and its credit facility from General Electric Capital Corporation (GECC). This is the third successful offering PTL has completed in 2012. The current offering was managed by Bank of America Merrill Lynch, J.P. Morgan and Wells Fargo Securities. [Read more...]

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