 | |
| Company type | Joint Venture |
|---|---|
| Industry | Rentals |
| Founded | December 1, 1969 |
| Headquarters | Reading, Pennsylvania, U.S. |
Key people | Roger Penske (Founder & Chairman) Brian Hard (President & CEO) |
| Products | Truck rentals and leasing, fleet maintenance, logistics, used truck sales |
| Revenue | US$8.4 billion |
Number of employees | 40,000 |
| Parent | Penske Corporation (70%) Mitsui & Co (30%) |
| Website | www.gopenske.com |
Penske Truck Leasing Co., L.P. is a joint venture of Penske Corporation, Penske Automotive Group, and Mitsui & Co. Headquartered in Reading, Pennsylvania, the company was founded by Team Penske owner Roger Penske on December 1, 1969. It is Penske’s flagship and best known division. The firm serves customers in North America, South America, Europe, Asia, and Australia; among its services are full-service commercial truck leasing, truck fleet maintenance, truck rentals, and used truck sales. The company currently employs more than 40,000 workers worldwide and operates and maintains a fleet of more than 450,000 vehicles. Brian Hard is the president and CEO of the company.
Of note, Penske Truck Leasing has been investing in and expanding its fleet of commercial electric trucks[1] and adding electric truck charging stations infrastructure to its locations.[2]
In September 2017, General Electric sold the last of its stake in Penske for $674 million. The 15.5% stake was purchased by Penske and a subsidiary of Mitsui.[3]
- ^ Mitchell, Russ. "Penske starts running Freightliner electric trucks in California – hoping someday they'll make economic sense". latimes.com. Retrieved 2019-06-25.
- ^ "Penske debuts fast charging stations for electric delivery trucks". Engadget. Retrieved 2019-06-25.
- ^ Cara Lombardo (September 7, 2017). "GE Sells Penske Truck Leasing Stake for $674 Million". Wall Street Journal. New York City, New York, United States. Retrieved September 11, 2017.