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 firm serves locations in North America, South America, Europe, and Asia; among its services are full-service commercial truck leasing, truck fleet maintenance, truck rentals, and used truck sales. 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. Its 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 services such as 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 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.