Penske Truck Leasing
Encyclopedia
Penske Truck Leasing Co., L.P., headquartered in Reading, PA, is a joint venture among Penske Corporation, Penske Automotive Group
and General Electric
. A 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, used truck sales, transportation and warehousing management, and supply chain management solutions. Penske Truck Leasing’s annual revenue is approximately U.S. $4.1 billion. The company employs approximately 20,000 associates worldwide. Penske Truck Leasing was founded by Roger Penske
in 1969 .
Penske acquired The Hertz Corporation
's Truck Rental division to form Hertz/Penske Truck Rental in 1985. In 1992, "Hertz" was dropped from the name and became Penske Truck Rental.
Penske Automotive Group
Penske Automotive Group , headquartered in Bloomfield Hills, Michigan, is the world's second largest automotive dealership group.PAG operates 327 retail automotive franchises, representing 42 different brands, and 26 collision repair centers. PAG is a member of the Fortune 500 and Russell 2000, and...
and General Electric
General Electric
General Electric Company , or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States...
. A 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, used truck sales, transportation and warehousing management, and supply chain management solutions. Penske Truck Leasing’s annual revenue is approximately U.S. $4.1 billion. The company employs approximately 20,000 associates worldwide. Penske Truck Leasing was founded by Roger Penske
Roger Penske
Roger S. Penske is the owner of the automobile racing team Penske Racing, the Penske Corporation, and other automotive related businesses. A winning racer in the late 1950s, Penske was named 1961's Sports Car Club of America Driver of the Year by Sports Illustrated...
in 1969 .
- Penske Truck Rental, a service of Penske Truck Leasing. Penske Truck Rental provides do-it-yourself movers with trucks, moving equipment, packing supplies, and accessories. Rentals include straight trucks, tractors, flatbeds, refrigerated vans, trailers and specialized equipment. Penske Truck Rental has locations across the United States, Canada and Mexico.
- Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing. With operations in North America, South America, Europe and Asia, Penske Logistics provides supply chain management and logistics services to companies throughout the world. Penske Logistics provides design, planning and execution in transportation, warehousing, international freight forwarding, and carrier management.
Penske acquired The Hertz Corporation
The Hertz Corporation
Hertz Global Holdings Inc is an American car rental company with international locations in 145 countries worldwide.-Early years:The company was founded by Walter L. Jacobs in 1918, who started a car rental operation in Chicago with a dozen Model T Ford cars. In 1923, Jacobs sold it to John D...
's Truck Rental division to form Hertz/Penske Truck Rental in 1985. In 1992, "Hertz" was dropped from the name and became Penske Truck Rental.