Penske Truck Leasing is celebrating its 50th anniversary this week.
The company 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, 2019, as Penske Truck Leasing Day.
Through the years, Penske Truck Leasing has grown its business both organically and through acquisitions. Today, 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, the company also introduced a new corporate brand, Penske Transportation Solutions, which reflects the breadth and depth of its increasingly diversified transportation businesses. Going forward, the company says 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.
“Our success has always been driven by our talented and highly motivated associates who dedicate themselves to making the needs of our customers their top priority,” says Roger S. Penske, chairman, Penske Transportation Solutions. “I am grateful to our talented associates around the globe for the contributions they have made to the success of the company.”
“We are proud of the businesses we’ve built and we are also appreciative of how our success has enabled us to give back and reinvest in our communities, especially here in Reading, Pa., where we remain headquartered,” adds Brian Hard, president and CEO, Penske Transportation Solutions. “As we look to the future, we will continue to invest significantly in technologies that are truly shaping the future of mobility. This includes investments in digitalization, advanced vehicle safety features, fleet maintenance, connected fleet technologies, electric vehicles, and other emerging platforms.”
