Penske Truck Leasing is an American truck rental and leasing company. The company is a joint venture of Penske Corporation , Penske Automotive Group , Mitsui & Co., Ltd. and General Electric Capital.
| Penske truck leasing | |
|---|---|
| Type of | Joint venture |
| Base | 1969 |
| Location |  USA : Reading , PA |
| Industry | rent |
| Number of employees | 26000 |
| Website | |
The company was founded on December 1, 1969 by Roger Penske .
The company serves customers in the Americas, Europe , Asia and Australia . The number of employees around the world exceeds 26 thousand people.
The president and chief executive officer of the company is Brian Hard.
History
In 1982, Penske jointly with Hertz Corporation established a joint venture for the rental of trucks. By 1988, there were 42 thousand trucks and a network of 2167 service points [1] .
In 1988, Penske Corporation and General Electric Capital Corporation announced the merger of their car rental and leasing divisions. GE Capital brought into the enterprise 14 thousand trucks and 139 stations of its Gelco Truck Leasing division, acquired in October 1987 from Gelco Corporation [1] .
In March 1995, Penske Truck Leasing acquired the transport and logistics company Leaseway Transportation Corp. [2]
In 2001, Penske Truck Leasing expanded its network again through the acquisition of Rollins Truck Leasing Corporation. The company was based in the city of Wilmington , Delaware and had 270 rental points and a fleet of 53 thousand cars [3] . At this point, Penske Truck Leasing had at its disposal a fleet of 152 thousand cars [3] .
Divisions and subsidiaries
Company divisions and subsidiaries: Penske Truck Rental, Penske Logistics, and Penske Used Trucks.
Penske Truck Rental with over 2 thousand truck rental points in the United States and Canada leases commercial truck tractors , vans and semi-trailers. The fleet at its disposal is more than 50 thousand. Among the vans available for rent there are also ones intended for moving , with a body length from 3.5 to 8 meters.
Penske Logistics is a subsidiary of Penske Truck Leasing. She works in North America, South America, Europe and Asia. Penske provides management of the entire supply chain, including transportation, transshipment and storage of goods.
Penske Used Trucks is a division of Penske Truck Leasing. The company sells trucks, tractor units, trailers.
Notes
- ↑ 1 2 COMPANY NEWS; Penske-GE Truck Venture The New York Times (June 7, 1988). Date of treatment February 23, 2016.
- ↑ Leaseway Transportation Corp. History (English) (1996). Date of treatment February 23, 2016.
- ↑ 1 2 A Truck Leasing Company Buys Another . The New York Times (January 16, 2001). Date of treatment February 23, 2016.