leasing

Professional drivers, get ready to share the road. Over 82% of Americans expect to travel this summer, according to a 2024 travel survey from The Vacationer. And 87 million people plan to take a road trip of 250 miles or more.

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Fleets often need to be able to quantify a return on investment for their transportation-related sustainability initiatives, and the ROI can depend on several factors. Determining the ROI begins with understanding a fleet’s motivation. While some fleets pursue cost savings through increased fuel efficiency, others may be motivated by meeting corporate targets or customer and employee expectations.

Fuel economy improvements offer the most direct and measurable return for fleets. Burning less fuel results in reduced emissions and lower operating costs. Fleet operators can achieve fuel savings through a combination of equipment upgrades and operational strategies, such as:

Vehicle conversions: Some trucks in a fleet could burn more fuel than others, and replacing units or changing equipment specs could improve MPG.

Aerodynamic devices: Trailer skirts, tails and other aerodynamic devices can help improve gas mileage for over-the-road fleets. They are less beneficial in urban delivery operations.

Tire maintenance and selection: Tires significantly impact fuel efficiency and something as simple as proper tire inflation can increase fuel economy and reduce wear. Tires running just 10 pounds underinflated can impact fuel economy by as much as 1%. Fleets can also consider spec’ing low-rolling resistance tires depending on their application.

Idle reduction: Cutting down on idling can have an immediate impact on MPG. Understanding why drivers are idling, such as waiting for extended periods at customer locations, can help fleets identify solutions to reduce it. If idling occurs during driver rest periods, auxiliary power units, or APUs, can provide climate control and electronics without idling the main engine, saving fuel.

Adaptive cruise control: Adaptive cruise control automatically applies the brake or accelerator based on the driver’s following distance and reduces the need for sudden braking and acceleration.

Speed governors: Speed governors enforce a maximum speed limit, which can keep the engine operating at the optimal range and improve fuel economy.

Preventive maintenance: A well-maintained fleet ensures equipment works like it should, improving fuel efficiency. For example, air leaks cause the air compressor to run all of the time and worn brake parts or brakes that are out of adjustment can cause brakes to drag, increasing fuel use.

Network optimization: The greenest mile is one that isn’t run, and optimizing routes can help fleets reduce unnecessary mileage.

Backhauls: Filling backhauls helps fleets achieve better fuel efficiency on a freight-ton-per-gallon basis. It also allows companies to make better use of the equipment and drivers already on the road, essentially reducing the need for additional trips and eliminating miles.

Some sustainability strategies don’t deliver immediate financial returns but offer value by helping companies meet corporate commitments or customer-driven environmental targets. One option is transitioning to renewable diesel, a clean-burning, sustainable alternative to traditional petroleum-based diesel. It can be used as a drop-in fuel for diesel and is available in certain markets throughout the U.S.

For fleets that are willing to invest in a long-term solution, adding electric vehicles can contribute to overall sustainability goals. While Class 8 trucks often get a lot of attention, the logical place for many fleets to start is light- and medium-duty equipment.

How Penske Can Help

Penske can help fleets meet their sustainability initiatives and quantify their results through a wide range of reporting and solutions. These include:

Equipment specifications: Penske works with customers to spec the right vehicles for their fleets’ applications and goals. This can include the ideal size of equipment, onboard technology, APUs and tires.

Benchmarking reporting: Fleets can gain access to reporting and benchmarking tools through Fleet Insight™ and Catalyst AI™ to get specific information on fuel efficiency and equipment utilization, and to gain actionable insights to drive improvements. Fleets can look at specific assets and hubs and also compare their operations to similar fleets.

Network optimization: Penske Logistics provides value-based consulting to help fleets optimize their network as well as their routes.

Renewable diesel: Penske currently offers renewable diesel fuel at multiple locations on the West Coast.

Electric vehicles: Penske works with customers to determine where EVs could fit within their network, test EV technology, and validate an operational fit before a full-scale rollout. Currently, the Penske Truck Leasing EV Evaluation Fleet includes a variety of light, medium and heavy duty EVs.

Fleet data is becoming increasingly important in improving performance, managing costs and increasing efficiency, but data alone isn’t enough. Having the ability to analyze current and historical data turns information into knowledge that can uncover actionable insights. Artificial intelligence is taking data analysis a step further and mining enormous datasets to identify patterns and opportunities to improve that would be difficult for humans alone to spot.

Through Penske’s Fleet Insight™, customers can access the AI-driven comparative insights feature, Catalyst AI™. Catalyst AI analyzes hundreds of thousands of datasets and automatically identifies similar fleets so fleet managers can create internal benchmarks while comparing their performance to like operations. There are more than 20 reports within Fleet Insight and Catalyst AI and some of the most useful reports are related to fuel efficiency and utilization.

Improving Fuel Efficiency

Fuel is one of the most significant operating expenses for any trucking company, and even small improvements in miles per gallon can improve margins and sustainability. Several factors affect a vehicle’s fuel economy, from driver behavior and maintenance to idling time.

With Catalyst AI, fleet managers can view MPG for their fleet or by vehicle or operating hub location to see how certain equipment specifications, routes or freight impacts fuel efficiency. The system then compares the fleet’s average miles per gallon to those of similar fleets to help them better understand how they are performing. The system drills down to identify specific vehicles or hubs that are underperforming compared to internal and external benchmarks. More importantly, Catalyst AI recommends specific corrective actions fleets can take to improve their MPG.

Fleets can also run reports in Fleet Insight, Penske’s online customer portal, on idling and maintenance, including maintenance compliance and the status of vehicle maintenance, to help identify how those issues could affect fuel efficiency.

Driving Increased Utilization

Maximizing fleet utilization is one of the most effective ways for fleets to improve profitability without adding equipment or drivers. Utilization can be complex, and it is important for fleet managers to understand not only which equipment is being used but also afc how it is being used. Several factors impact utilization, including routing, load planning, drivers’ hours-of-service and maintenance downtime.

Catalyst AI lets fleet managers view their utilization performance and identify which vehicles are consistently underutilized based on key metrics such as vehicle type and age. It changes hourly and daily utilization to similar fleets and recommends steps to take to improve utilization, such as reassigning underperforming assets or optimizing preventive maintenance.

Turning Insights Into Action

To learn more about how Fleet Insight and Catalyst AI can provide new insights into fleet performance, contact Penske Customer Success at hello@penskecustomersuccess.com or 1-844-426-4555.

The summer months bring warm temperatures, and certain maintenance items can benefit from extra attention and regular checkups to prevent costly fixes down the line. Proper maintenance is crucial throughout the year, but carriers and their maintenance providers should pay special attention to specific items at the peak of summer.

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Equipment acquisition strategies can vary and depend on factors such as equipment lifecycle, current fleet performance, capacity requirements and financing options. Several outside factors, such as new releases of equipment technology, interest rates and regulatory requirements, can also influence when carriers add new equipment to their fleet. Fleets often use a mix of acquisition strategies when adding equipment.

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The Commercial Vehicle Safety Alliance’s 2025 International Roadcheck event is scheduled for May 13-15, and this year, inspectors plan to focus on tires and false record of duty status (RODS). Each year, CVSA places a special emphasis on one driver violation category and one vehicle violation category. During the 72-hour safety blitz, law enforcement will primarily conduct the North American Standard Level I Inspection on commercial motor vehicles and drivers at weigh/inspection stations, temporary sites and mobile patrols.

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Maximizing space within a warehouse and strategically positioning items can lead to significant financial and time savings. The layout and design of a warehouse and a distribution network should be an ongoing process. Shippers can improve their food warehousing and distribution with these six strategies:

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Shifting global economic policies, tariffs, inflation and labor challenges have created a rapidly changing landscape that is impacting fleets’ decision-making. Arriving at the right decisions requires good data, and finance leaders are often tasked with providing critical information on budgeting, forecasting and margins.

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Expanding into a new market, lane or delivery model is a significant investment, but using commercial rental trucks can offer a low-risk, cost-effective way to gauge demand before committing to longer-term assets, reducing financial risk.

Taking Advantage of Market Trends

One of the top benefits of rental trucks is their flexibility, which allows businesses to scale up or down quickly based on market demand or changes to their operations. If a market performs well, companies can extend rentals or transition to leasing or ownership. If demand is lower than expected, they can scale down or exit without significant financial losses or a long-term commitment.

Finding the Best Match

Matching the right vehicle type to the operational needs helps optimize efficiency and control costs. Rentals can also allow companies to test different types and sizes of equipment to determine what works best.

Penske offers a diverse fleet of rental trucks that can be matched to different operational needs, including:

  • Cargo Vans: Cargo vans, also known as sprinter vans, are often ideal for last-mile deliveries, rapid replenishment of high-moving items and small parcel services, and urban logistics. They are also a perfect solution for service-based businesses, such as electricians and plumbers, that are expanding operations.
  • Electric Cargo Vans: Companies looking to test electric vehicles or add sustainable options to their fleet can rent electric high-roof cargo vans that have an estimated range of 100+ miles. They have 450 cubic feet of loading space and up to 3,300 lb. payload.
  • Light and Medium-Duty Box Trucks: Box trucks, also called straight trucks, are available in 12 to 26 foot sizes. These can be useful for companies testing new store locations, expanding service areas or evaluating customer demand in new markets. Many box trucks do not require drivers to have a commercial driver’s license, which can help companies expand their driver pool.
  • Refrigerated Trucks: Penske Truck Rental offers 16 foot cabover refrigerated trucks and 18 to 26 foot refrigerated trucks with CDL and non-CDL options. CDL-required trucks have up to a 15,000 lb. payload capacity, while non-CDL trucks have up to an 8,000 lb. payload.
  • Flatbed Trucks: Commercial rental flatbed trucks are perfect for transporting a wide range of medium-duty cargo. Options include 24 to 26 foot non-CDL flatbed trucks with up to 20,000 lb. payload capacity and 24 to 26 foot CDL-required flatbed trucks with up to 18,000 lb. payload capacity.
  • Class 8 Tractors: Penske has heavy-duty Class 8 sleeper and day cab tractors for companies hauling larger payloads.

Tapping Into Trailers

Trailers provide flexible solutions for companies looking to scale up or down or test new strategies, such as trailer pools for drop-and-hook operations or cross-docking. Trailers can also serve as short-term storage, allowing companies to gauge demand before investing in warehouse space. Options include 48 and 53 foot dry van trailers, 40 to 53 foot flatbed trailers and 53 foot refrigerated trailers.

All commercial rentals, including trailers, include maintenance and roadside support. To learn more about leveraging short-term rental solutions to expand operations while minimizing risk, contact us at 844-906-3404.

Within the cold chain, every degree counts, and maintaining temperatures can get challenging as summer temperatures rise. That is especially true in areas with hot climates, such as Arizona, Florida and Texas. Penske Logistics and Penske Truck Leasing work together to help meet the needs of leasing and logistics customers.

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Fleets have data coming at them from multiple sources, including electronic logging devices and the engine.

When managed properly, information can be used to improve operations and increase efficiency. Otherwise, the vast amount of data can be overwhelming to private fleets, leading to paralysis by analysis.

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The scope of reverse logistics — moving products from the end-user back to the point of origin — can be broad, encompassing everything from moving reusable containers back to a manufacturing facility to bringing back retail returns to a distribution center. Reverse logistics can present a vast range of challenges, but Penske has extensive experience transporting products where they are needed.

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Maintaining compliance under the Federal Motor Carrier Safety Administration’s (FMCSA) Compliance, Safety, Accountability (CSA) program is a critical component in fleets’ ability to operate safely, secure contracts, manage insurance costs and meet customer commitments. A poor CSA score can lead to increased scrutiny from regulators, a diminished reputation and difficulty attracting drivers. Fortunately, there are several actionable strategies fleets can embrace to improve and maintain CSA scores.
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The driver shortage remains a top industry concern. Comfort and convenience features on late-model equipment can help improve drivers’ experience on the road, which can boost recruitment and retention efforts.

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The use of in-cab safety technologies is becoming increasingly common among fleets, driving significant safety improvements. Private fleets are among those that aggressively manage safety, and safety technologies are providing private fleets with unheard-of levels of visibility, tracking and analytics, according to the National Private Truck Council’s (NPTC) 2024 Benchmarking Report.

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Celebrating 25 years of excellence, the 2025 National Tech Showdown is shaping up to be a milestone event in Penske Truck Leasing’s history. With record-breaking participation, expanded competition categories, and unprecedented cash prizes, it’s clear why the Tech Showdown has earned its reputation as a premier skills competition in the industry.

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Brake safety is crucial for safe operations, and regular inspections by qualified service technicians, and proper pre- and post-trip inspections by drivers, can ensure brakes perform as expected.

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Fuel is a major expense for fleets, and improving fuel economy can result in significant savings while potentially increasing a vehicle's lifespan. Fortunately, there are several ways fleets can improve fuel economy.

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Tires affect everything from fuel economy to vehicle safety, and different types of trucking applications and operating environments require specific tire designs that align with operational demands. Tire selection can also depend on organizational goals, such as improving fuel economy or reducing weight.

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Robust, well-maintained batteries are essential for the proper performance of Class 8 trucks. Battery failures can lead to costly downtime, delayed deliveries and driver inconvenience. Spec'ing the right batteries, maintaining them and replacing them before a failure occurs can ensure batteries are reliable and performing as they should.

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