Budget Truck Rental

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Budget Truck Rental
Type Subsidiary
Industry Automotive
Founded 1998
Headquarters

6 Sylvan Way [1]

Parsippany-Troy Hills, New Jersey[1], United States of America
Key people Ronald L. Nelson, CEO and chairman
Products Rental trucks
Revenue Approximately $374 million [2]
Employees Approximately 1,100
Parent Avis Budget Group
Website http://www.budgettruck.com

Budget Truck Rental, LLC is the second largest truck rental company in the continental United States of America with around 2,800 businesses and 32,000 trucks across the country.

Budget Truck Rental is owned and operated by Avis Budget Group, which was spun off from Cendant.

Budget Truck Rental has contracts with Ford, GMC, Navistar International and Isuzu to make their rental trucks.

Like other truck rental companies, Budget Truck will provide residential customers with moving supplies and tips to help people move house. [3] They have trucks 10-feet, 12-feet, 16-feet, and 24-feet in length. [4]

History[edit]

Two Budget rental trucks parked in Durham, North Carolina.

Rental Truck Group was formed in June, 1998 when Budget Group Incorporated bought Ryder TRS, Inc., and they joined together to form Budget Truck Group. Then in 2002 Ryder TRS is integrated with Budget Truck Rental, officially. All Ryder TRS signs are then replaced with new signs promoting Budget also the yellow Ryder trucks are replaced with new blue trucks to reflect the colors of Budget.

In the US election held in 2000, Budget Truck Rental was used to deliver the ballots from Palm Beach, Florida to Tallahassee, Florida. This was the decider for the election. Budget Truck then decided to sell the truck that was used, donating US$67,100 to the American Red Cross through its sale. [5]

On November 22, 2002 Budget sold its truck and car businesses to Cherokee Acquisition Corporation, which is owned by Cendant Corporation. [6]

Jerald Riordan was announced the president of Budget Truck Rental in March, 2003.

In September 2006 Budget Rent a Car, Avis Rent a Car and Budget Truck Rental were spun off by Cendant as a separate company, Avis Budget Group. In 2007, the headquarters was transferred to Morris County, New Jersey.[1]

References[edit]

  1. ^ a b "Budget Truck Rental Restructures, Will Close Denver H.Q.". Auto Rental News. 26 October 2006. Retrieved 6 May 2013. 

External links[edit]