Penske Celebrates Anniversary Featured

By Staff Writer December 02, 2019

Penske Truck Leasing marks its 50th anniversary this month. Penske Truck Leasing was founded in 1969 by Roger Penske in Reading, Pa. The company was created through the acquisition of a car and light truck rental and leasing business with three locations in eastern Pennsylvania.

To help commemorate the company’s 50th anniversary, the Pennsylvania State Senate declared Dec.1 Penske Truck Leasing Day.

Through the years, PTL has grown its business both organically and through acquisitions. The company generates $8.4 billion in annual revenue and operates a global platform that includes 1,100 locations, 37,000 associates, and a fleet of 326,000 vehicles.

Recently, Penske Truck Leasing introduced a new corporate brand, Penske Transportation Solutions. Going forward, Penske Transportation Solutions will be the new brand name for PTL’s business lines that include: truck leasing, truck rental, logistics, transport systems and vehicle services.

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Last modified on Monday, 02 December 2019 19:59

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