Penske Archives - Page 7 of 7 - Fleet Equipment Magazine
Maximizing equipment investments: making the right purchase/lease decisions

Controlling equipment costs is always top of mind for fleets. Whether fleets lease or buy, spec’ing and maintaining equipment for resale—and—choosing the right financial and/or leasing partner is the key to optimizing investments. According to Patrick Gaskins, group vice president financial services, CTP AmeriQuest Financial Services, “Trailer specifications are evolving just as rapidly as tractor

Penske Truck Leasing receives grants for natural gas Freightliners

Penske Truck Leasing is the recipient of four grants totaling $1.1 million from the Texas Commission on Environmental Quality through the Texas Emissions Reduction Plan. It is expected the company will utilize the grants to subsidize the purchase of natural gas Freightliner Cascadia tractors equipped with Cummins Westport 12-liter engines, according to a company announcement.

Penske Truck Leasing awarded for clean air excellence

Penske Truck Leasing has been given the Clean Air Excellence Award in the Clear Air Technology category by the U.S. Environmental Protection Agency. According to the EPA, these awards honor projects from across the United States for their work on clean air and climate initiatives. The awards recognize innovative state, local, tribal and private sector

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Penske Logistics acquires Transfreight North America

Penske Logistics has reached an agreement to acquire Transfreight North America, a provider of third-party logistics and supply chain solutions, from Mitsui & Co. Ltd. The financial terms of the deal were not disclosed. “The Transfreight and Mitsui management teams have built a well-run and respected business over the last 27 years,” said Penske Logistics

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The latest in OE natural gas offerings

Revised in the fall of 2014, the Heavy-duty Truck and Bus Natural Gas Vehicle Technology Roadmap by the California Hybrid, Efficient and Advanced Truck (CalHEAT) Research Center operated by CALSTART concludes that, “The recent increase in supply of natural gas in the United States along with a highly attractive price point, nearly half that of

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New Penske Truck Leasing location in Pennsylvania

Penske Truck Leasing added the company’s 18th North America truck collision repair center in the Philadelphia suburb of Fairless Hills, Pa. The new location is Penske’s second repair center in the Keystone State. “The facility serves the needs of Penske’s truck fleet and contract customers, as well as commercial truck fleets,” said James Svaasand, Penske’s

Penske Truck Leasing repeats as EPA SmartWay Affiliate Challenge Award Winner

Penske Truck Leasing has been named a back-to-back winner of the U.S. Environmental Protection Agency (EPA) SmartWay Affiliate Challenge Award. One of 10 companies to win in 2014, Penske was also named a top honoree, cited for its strong marketing efforts by the EPA. The SmartWay Affiliate Challenge is a national challenge developed by EPA

Managing assets: Developing a leasing contract

Evaluating lease contracts, finding the right deal and the right mix of leasing and ownership for a fleet begins with questions: What is the best way to use available capital? What are my fleet’s costs for maintenance and ownership? What information do I need to make that determination? What are the benefits of leasing if

Hino Trucks delivers 10,000th truck to Penske Truck Leasing

Hino Trucks held a ceremony to commemorate the delivery of the 10,000th Hino truck to Penske Truck Leasing (PTL). The ceremony took place at Hino’s Williamstown, W. Va. plant in front of assembly team members and top management from Hino and Penske Truck Leasing. “We congratulate the entire team at Hino and Toyota on this significant

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EnerSys becomes official partner of Team Penske

EnerSys and Team Penske announced  a multi-year agreement, naming EnerSys as official partner of Team Penske beginning in 2014. EnerSys will also become an integral partner with Team Penske and will have its Odyssey battery brand on the b-post of the No. 22 NASCAR Nationwide Series (NSS) Ford Mustang beginning in Daytona. “To be able

Enersys Team Penske NASCAR