Velocity Truck Rental and Leasing invests big into zero-emissions equipment strategy
Velocity hopes its battery-electric commercial truck rentals and charging infrastructure will make a sustainable impact for the fleets it serves.
MHC Truck Leasing named PacLease North American Franchise of the Year
PacLease also recognized its top U.S. and Canadian franchises.
Penske Truck Leasing announces Canada ELD certification for app
The company says the app allows drivers to stay compliant with regulations in both the U.S. and Canada.
Leasing and Finance Index new business volume for November up y/y
Volume was down 24% from $11.3 billion in October. Year-to-date, cumulative new business volume was up 6% compared to 2021.
Penske Truck Leasing opens first full-service rental and leasing LEED-certified facility
Penske Truck Leasing has recently opened a new facility in Akron, Ohio. Located at 937 E Waterloo Road this new facility is Penske’s first-ever, full-service rental and leasing facility that is Leadership in Energy and Environmental Design (LEED)-certified, highlighting Penske’s environmentally sustainable building design, construction and operation. At this location, Penske offers consumer and commercial truck rental, full-service truck leasing and contract truck
Penske Truck Leasing, Daimler Truck commemorate delivery of Freightliner eCascadias
Penske Truck Leasing and Daimler Truck North America (DTNA) commemorated the delivery of two battery electric production model Freightliner eCascadia semi-trucks. The delivery of these heavy-duty electric vehicles is a significant milestone for both companies and marks the culmination of a period of co-creation, refinement and field-testing that kicked off nearly five years ago. Penske has been an
Sonepar taps Penske Truck Leasing to provide electric light-duty fleet of Ford E-Transits
Sonepar has selected Penske Truck Leasing to provide its new light-duty electric fleet. Penske Truck Leasing is in the process of delivering nine Ford E-Transit all-electric cargo vans to support the initiative. These vehicles will be used for regional product deliveries in California, Maryland, Minnesota and Washington state. Penske provides Sonepar with the vehicles, lease financing, comprehensive preventive
Equipment Leasing and Finance Association’s Survey of Economic Activity: new business volume up y/y; down m/m
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed their overall new business volume for August was $8.8 billion, up 4 percent year-over-year from new business volume in August 2021. Volume was down 13 percent
Transport Enterprise Leasing to integrate Cummins X15H hydrogen engine into heavy duty trucks
Transport Enterprise Leasing and Cummins Inc. announced recently that TEL has signed a letter of intent planning to purchase Cummins’ 15-liter hydrogen internal combustion engines when available. TEL will integrate the Cummins’ X15H hydrogen engines into their fleet of heavy-duty trucks. Since announcing the fuel agnostic platform, which includes the Hydrogen option in both the
Equipment Leasing and Finance Association: New business volume up 2% y/y, down 2% m/m
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed their overall new business volume for July was $10.1 billion, up 2 percent year-over-year from new business volume in July 2021. Volume was down 2 percent from
