Penske Truck Leasing Opens Lubbock, Texas Facility

READING, Pa., December 18, 2007 - Today, Penske Truck Leasing hosted the grand opening of a new facility in Lubbock, Texas, located on 512 E. 50th Street. The 12,000 square-foot state-of-the-art facility offers commercial and consumer truck rental services, full-service truck leasing and contract maintenance. About 60 leasing customers are handled at this 5.5-acre location and over 200 vehicles are maintained on-site.

The one-story building incorporates Penske Truck Leasing's new facility design elements, features state-of-the-art technology and is designed to enhance the customer experience. Penske continues its expansion efforts across North America. A new wireless technology component allows Penske service technicians to integrate various vehicle diagnostic and repair software. To save energy, GE fluorescent light bulbs with electronic ballasts using 50 percent less energy have been installed.

The facility cost approximately $3 million to construct, and has three service bays, a truck washing bay and a two-lane fuel island with high-speed fuel pumps for fast, efficient service.

Penske previously operated a facility at 4403 Clovis Road, Lubbock.

"Moving to a larger, state-of-the-art facility in Lubbock will provide added value for Penske customers," stated Terry Scott, Senior Vice President - South Central Region, Penske Truck Leasing. "We will add more associates as we continue expansion in the Lubbock market."

For more information, please call 806-740-0103. The rental department is open Monday through Friday from 7 a.m. to 5 p.m., and on Saturday from 8 a.m. to noon. The service department is available Monday through Friday, 7 a.m. to 8 p.m., and on Saturday from 8 a.m. to 4 p.m.

Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint venture of Penske Corporation and General Electric. A leading global transportation services provider, Penske operates more than 200,000 vehicles and serves customers from more than 1,000 locations in North America, South America, Europe and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, transportation and warehousing management, and supply chain management solutions. Visit www.GoPenske.com to learn more about the company and its products and services.