Penske Truck Leasing Opens Corpus Christi, Texas Facility

READING, Pa., April 9, 2008 - Today, Penske Truck Leasing hosted the grand opening of a new $3.7 million facility in Corpus Christi, Texas, located at 5522 Bear Lane. The 12,000 square-foot state-of-the-art facility, employing 11 associates, offers commercial and consumer truck rental services, full-service truck leasing and contract maintenance. About 42 leasing customers are serviced from this seven-acre location and over 225 vehicles are maintained on-site.

The expansive structure features three service bays, a truck washing bay and a two-lane fuel island with high-speed fuel pumps for fast, efficient service.

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.

"This new facility is located in a more visible area, and will position Penske to capture a larger share of the commercial and consumer market in Corpus Christi," stated Terry Scott, Senior Vice President - South Central Region, Penske Truck Leasing. "In the future, we anticipate the hiring of additional associates to keep pace."

Penske previously operated a facility at 4725 Westway Drive, Corpus Christi.

For more information, please call 361-289-1041. The rental department is open Monday through Friday from 7 a.m. to 5:30 p.m. and on Saturday from 8 a.m. to 2 p.m. The service department operates from 6 a.m. to 6 p.m. Monday through Friday, and on Saturday from 6:30 a.m. to 3 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 220,000 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.