Penske Truck Leasing to acquire DeCarolis Truck Rental Inc.
Penske Truck Leasing announced it has reached an agreement to acquire the assets of Rochester, N.Y.-based DeCarolis Truck Rental Inc. Financial terms were not disclosed. This transaction is subject to customary closing conditions, including certain regulatory approvals. The parties involved anticipate closing the transaction on December 17, 2021. Founded over 80 years ago, DeCarolis Truck
Penske Automotive Group Acquires McCoy Freightliner
Penske Automotive Group Inc. has acquired McCoy Freightliner (“McCoy”), a retailer of medium and heavy-duty commercial trucks, located in Oregon. The McCoy acquisition is expected to generate approximately $200 million in annualized revenue, building further scale within the company’s wholly-owned Premier Truck Group (“PTG”) subsidiary, the company says. McCoy adds two full-service dealerships (Portland, OR
Penske, Cardinal Health partner to test trailer yard EVs
Penske Logistics customer Cardinal Health has been employing a pair of Kalmar T2E electric truck yard tractors at its Riverside, California, facility for the last year. The overarching goal is to assess how the implementation of electric vehicles can establish more efficient and sustainable operations. The EV trucks feature Kalmar’s latest lithium-ion battery technology and
Hino Trucks delivers first Cummins-powered truck to Penske Truck Leasing
Hino Trucks has delivered the first of its trucks with Cummins engines to Penske Truck Leasing at a ceremony in their plant in Mineral Wells, West Virginia. The OEM intends to produce medium- and heavy-duty Hino trucks with Cummins engines for sale in North America by the end of 2021. The truck delivered is a
Penske Truck Leasing opens new West Fargo facility
Penske Truck Leasing has opened a new full-service location in West Fargo, North Dakota, located at 830 7th Street NE. The facility is 14,520-sq.-ft. and is located on 4.3 acres. It has three truck service bays, wash bay and a self-service fuel island. This Penske location provides access to both I-94 and I-29. “We have been in this area for 16 years, and it was
Penske, Bridgestone extend technology, sustainability partnership
Bridgestone and Penske Truck Leasing have renewed their strategic partnership agreement to test, develop and deploy Bridgestone technology and mobility solutions for the commercial segment in the U.S. and Canada with a focus on more cost-effective and sustainable results for fleets. As part of the agreement, Penske will also remain a preferred customer of Bridgestone
Penske to take delivery of International eMV Series battery electric trucks
Penske Truck Leasing has announced the anticipated delivery of the International eMV Series medium-duty truck from Navistar. This will mark Navistar’s first U.S. delivery of the full battery electric medium-duty trucks from International. As a validation partner, Penske says it plans to operate these units at various locations throughout its footprint, with the intent of
Fleets across the industry answer FE’s electric truck questions
The year 2020 was the first time that fleets began to take delivery of electric trucks as part of pilot programs. Since we have (somehow) already raced past the midpoint of 2021, FE checked in with fleets to see what their experiences have been like with these trucks; how the trucks have held up compared to their
Penske Truck Leasing pilots Stem Inc.’s Athena EV charging software
Penske Truck Leasing has worked with Stem, Inc., a provider of artificial intelligence-driven energy storage services, to pilot its Athena smart energy storage software and operate an advanced battery storage system. The pilot project included a 350 kilowatt (kW)/800 kilowatt hour (kWh) battery system powered by Stem’s Athena at Penske’s heavy-duty truck charging positions in Ontario, California. “We collaborated with
Four electric truck questions with Penske
The year 2020 was the first time that fleets began to take delivery of electric trucks as part of pilot programs. Since we have (somehow) already raced past the midpoint of 2021, FE checked in with fleets to see how their experiences have been with these trucks; how the trucks have held up compared to
Roush CleanTech, Penske and Proterra partner on Ford all-electric F-650
Roush CleanTech, Penske Truck Leasing and Proterra Inc. announced a new collaboration under which Proterra will supply battery technology to Roush CleanTech for development of its next-generation Ford F-650 all-electric commercial truck. Roush CleanTech will integrate its advanced clean technology and control systems to leverage Ford’s medium-duty chassis and Proterra’s battery technology to Penske Truck
Shell, Penske announce strategic decarbonization, sustainability collaboration
Shell Oil Co. and Penske Corp. have announced a new strategic collaboration, aiming to offer customers an integrated solution to help address emissions throughout their supply chains, from warehouse facilities, vehicle and fleet technologies to sustainable transportation routes. This project will initially be focused in the U.S. The companies say that the strategic collaboration is
