Penske Truck Leasing

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Penske Truck Leasing Co., L.P.
Type Joint Venture
Industry Rentals
Founded 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$5.3 billion
Employees 20,000
Parent Penske Corporation
Website www.gopenske.com
A 22-foot diesel Penske rental truck
Penske truck with loading ramp down

Penske Truck Leasing Co., L.P., headquartered in Reading, Pennsylvania, is a joint venture of Penske Corporation, Penske Automotive Group and General Electric. Penske Truck Leasing was founded by Roger Penske December 1, 1969. The company has grown substantially over the last four decades.

Today, Penske Truck Leasing is a $5.3 billion USD global transportation services provider that operates more than 200,000 vehicles and serves customers from over 1,000 locations in North America, South America, Europe and Asia. The company's product lines include full-service commercial truck leasing, truck fleet maintenance, truck rentals, used truck sales, and global supply chain and logistics solutions. The company employs approximately 20,000 workers worldwide. Brian Hard is the president and CEO of Penske Truck Leasing, Co., L.P.

  • Penske Truck Rental, is an operating unit of Penske Truck Leasing and has approximately 2,000 consumer truck rental locations across the United States and Canada. Penske rents commercial semi-trucks, straight trucks and trailers to businesses that haul freight. Its truck rental fleet has more than 50,000 units. In addition, the company also rents trucks ranging from 12 feet in length to 26 feet in length to consumers for do-it-yourself moves that are either local moves or one-way moves. Penske Truck Rental commercial and consumer vehicles are typically branded bright yellow with black lettering and blue stripes.
  • Penske Logistics, is a wholly owned subsidiary of Penske Truck Leasing. The company has operations in North America, South America, Europe and Asia. Penske provides supply chain management and logistics solutions to leading companies throughout the world including dedicated contract carriage, distribution center management, transportation management, lead logistics, and supply chain consulting services. This subsidiary is also headquartered in Reading, Pennsylvania. Marc Althen is the president of Penske Logistics.
  • Penske Used Trucks, is an operating unit of Penske Truck Leasing that sells a wide array of off-lease trucks, semi-trucks, trailers, and other used equipment to retail business customers and to the used truck wholesale marketplace. The business unit sells tractors, trailers, trucks, and other equipment for light-, medium- and heavy-duty transportation applications.

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