Penske Truck Leasing

Penske Truck Leasing Co., L.P.
Dedication at Every Turn.
Type	Joint Venture
Industry	Rentals
Founded	December 1, 1969 (1969-12-01)
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$5.6 billion
Number of employees	26,000
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. is a joint venture of Penske Corporation, Penske Automotive Group, Mitsui & Co., Ltd., and General Electric Capital. Headquartered in Reading, Pennsylvania, the company was founded by Team Penske owner Roger Penske on December 1, 1969. 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 employs more than 26,000 workers worldwide. Brian Hard is the president and CEO of the company.

Subsidiaries and Units

Penske Truck Rental

Penske Truck Rental is an operating unit of Penske Truck Leasing that has more than 2,000 consumer truck rental locations across the United States and Canada. Penske rents commercial semi-trucks, straight trucks and semi-trailers to businesses that haul freight. Its truck rental fleet has more than 50,000 units. In addition, the business unit 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's commercial and consumer rental vehicles are typically branded bright yellow with black lettering and blue stripes.

Penske Logistics

Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing that has operations in North America, South America, Europe, and Asia. Penske provides supply chain management and logistics services such as dedicated carriage, distribution center management, transportation management, lead logistics, supply chain consulting, and freight brokerage services. This subsidiary is also headquartered in Reading, Pennsylvania. Marc Althen is the president of Penske Logistics.

Penske Used Trucks

Penske Used Trucks is an operating unit of Penske Truck Leasing that sells off-lease trucks, semi-trucks, trailers, and other trucking-related equipment directly to businesses and to the used truck wholesale marketplace. This unit sells semi-tractors, semi-trailers, straight trucks, and other equipment for light-, medium-, and heavy-duty transportation applications.

External links

Penske Truck

Wikimedia Commons has media related to Penske Truck Rental.

General Electric

Subsidiaries and
divisions

Current	GE Capital GE Capital Aviation Services GE Commercial Finance GE Energy Financial Services GE Capital Rail Services (Europe) GE Capital Interbanca GE Technology Infrastructure GE Aviation GE Aviation Systems GE Healthcare GE Transportation GE Energy GE Digital Energy GE Jenbacher GE Measurement & Control Solutions GE Oil & Gas GE Power GE Wind Energy GE Wind (offshore) GE Home & Business Solutions GE Intelligent Platforms GE Global Research GE Ventures

Former and defunct	Australian Guarantee Corporation¹ Canadian General Electric¹ Compagnia Generale di Elettricità² Electric Bond and Share Company² GE Americom² GE Aerospace² GE Betz¹ GE Capital IT Solutions² GE Consumer & Industrial GECIS² GE Capital Rail Services² GE Equipment Services¹ GE Industrial¹ GE Infrastructure¹ GEIS² Genesis Lease² GE Security² Genworth Financial² Montgomery Ward² Synchrony Financial² Tungsram¹ Whatman¹

Joint ventures and
shareholdings

Current	CFM International (50%) Engine Alliance (50%) GE Hitachi Nuclear Energy (60%) GE Honda Aero Engines (50%) Penske Truck Leasing Prolec GE (49.99%) TBS GB

Former	Alco-GE (1940–53) NBC (1926–30, 1986–2004) NBCUniversal, LLC (2004–13)

Products and brands

People

Founders	Charles A. Coffin Thomas Edison Edwin J. Houston Elihu Thomson

Other	James Cash, Jr. Ann Fudge Susan Hockfield Jeffrey R. Immelt Andrea Jung Rochelle Lazarus Sam Nunn Roger Penske Douglas A. Warner III Jack Welch Bob Wright

Places and facilities

Other

¹Now integrated into other GE divisions or business groupings
²Sold or spun off

Category
Commons

Reading in Berks County, Pennsylvania

Attractions

Transportation

BARTA
Reading Railroad Franklin Street Station
Reading Regional Airport
Schuylkill Valley Metro (cancelled)

Entertainment

Education

Industry

Boscov's
Carpenter Technology Corporation
Penske Truck Leasing
Redner's Markets
Reading Railroad (defunct)
Philadelphia and Reading Railroad (defunct)
Daniels Motor Company (defunct)
VF Corporation (former)

Sports

Newspapers

Reading Eagle

Radio

Vehicle rental brands

Car rental	ACE Rent a Car Advantage Rent a Car Alamo Rent a Car Auto Europe Avis Rent a Car Budget Rent a Car Citer Dollar Rent a Car Enterprise Rent-A-Car Europcar Firefly Hertz Kemwel Localiza MylesCar National Car Rental Payless Car Rental Redspot Car Rentals Rent-a-Wreck Sixt Thrifty Car Rental TaxiForSure Meru Cabs

Carsharing	Autolib' AutoShare Buffalo CarShare Cambio CarSharing Car Next Door Car2Go City Car Club City CarShare Communauto/Vrtucar Community CarShare DriveNow Enjoy Enterprise CarShare Flexicar Flinkster Getaround Go-Op GoCar GoGet Greenwheels Hertz 24/7 JustShareIt Mobility Carsharing Modo Momo Car-Sharing MylesCar RideShare Delaware Stadtmobil Turo Uhaul Car Share YourDrive Zipcar Zoom

Recreational vehicles	Bunk Campers CanaDream Cruise America Wicked Campers

Truck rental	Budget Truck Rental Enterprise Rent-a-Truck Hertz Moving Truck Rental Northgate Penske Truck Rental Ryder U-Haul United Rentals

Defunct	Flexcar I-GO PhillyCarShare Streetcar Tilden Rent-a-Car Whizzgo

This article is issued from Wikipedia - version of the Saturday, March 19, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.