A great way to upgrade a fleet is to ascertain the worth of its existing units. Utilizing multiple market intelligence sources, and Penske's proprietary data collected over years of selling and maintaining all types of vehicles, Penske can provide a detailed and accurate evaluation of the vehicles.

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READING, PA (November 23, 2005) - Penske Truck Leasing today announced it has been named to the 2005 InformationWeek 500, the annual ranking of companies that demonstrate a pattern of technological, procedural and organizational innovation. The company was ranked 21st on the list and second among its peers in the Logistics & Transportation category.

"We are honored to accept this recognition from InformationWeek," states William Stobbart, Penske's Senior Vice President, Information Technology. "At Penske, we tend to be very critical of our systems so being validated by a third party reminds us how successful we have been at deploying innovative technology."

Now, in its seventeenth year, the InformationWeek 500 has tracked some of America's best-known companies and spotlighted those that have information technology teams that work to improve processes, increase efficiencies, connect with customers, measure effectiveness, build top-notch teams and embrace innovation. The complete InformationWeek 500 is available at www.informationweek.com.

The technologies that helped secure Penske's commendable ranking include:

  • RentalNet-a centralized rental information system that helps to increase fleet utilization, improve fleet management and provide better customer service.
  • ServiceNet-a proprietary, web-based software application that allows users to manage and track vehicle and equipment repairs.
  • Managed Vehicle Diagnostic System-a wireless diagnostic technology that is capable of internet/intranet access, provides truck-side manufacturer input and instruction to the company's maintenance technicians, enables remote management of software updates and reduces repair times.
  • CellComm-a driver management capability based upon cellular phones and wireless service.
  • Logistics Management System (LMS)-the LMS system integrates Penske with its customer, Ford Motor Company, providing Ford with a single system of record for the planning, synchronization and oversight of inbound supply chain management.

Penske Truck Leasing Company, L.P., headquartered in Reading, PA, is a joint venture of Penske Corporation and General Electric. A leading global transportation services provider, the company operates more than 200,000 vehicles and serves customers from nearly 1,000 locations in the United States, Canada, Mexico, South America and Europe. Product lines include full-service leasing, contract maintenance, commercial and consumer truck rentals, transportation and warehousing management, and supply chain management solutions. Penske Truck Leasing's annual revenue is approximately US $3.7 billion. The company can be reached at www.pensketruckleasing.com.

READING, PA (August 16, 2005) - Penske Truck Leasing Co., L.P. introduced the Fleet InSite™ system today - an easy-to-use, low-cost vehicle tracking system that enables customers to locate their trucks quickly via the Fleet InSite Web site.

Fleet InSite applies GPS and cellular technology to quickly and easily locate vehicles, on-demand. Fleet managers can locate, or "ping", a vehicle and access its location history including the date, time, speed, latitude/longitude, travel direction and address for each time it has been pinged.

"Fleet InSite broadens our suite of technology offerings that improve customer satisfaction, enhance fleet security and maximize productivity," says Jim Feenstra, Senior Vice President of Marketing, Penske Truck Leasing. "The technology allows customers to be only a point and click away from information such as how close a driver is to delivering product or where a vehicle is stopped."

Penske partnered with Enhanced Vehicle Applications (EVA) of Green Bay, Wis. to source the technology hardware and manage the development and deployment of the Web-based solution. Greg Taisto, President of EVA, comments, "We are excited to work with Penske as its vision for Fleet InSite materializes, and we are dedicated to supporting the company's commitment to exceeding its customers' expectations."

Fleet InSite costs as low as $10 per month, including hardware and installation, and charges may be included as part of the vehicle lease. In addition, customers are able to determine how many times they plan to locate their vehicles and pay only for the access that they need.

"Last year we launched the Fleet I.Q.® system, Penske's fleet management system which integrates XATA applications and our extranet for sophisticated performance reporting, and we've been very pleased with its success," Feenstra said. "However, a number of customers expressed that they simply want the ability to locate their vehicles and Fleet InSite was developed to address that need."

Fleet InSite is immediately available to Penske's full service lease customers throughout North America. Fleet InSite for Penske contract maintenance customers will be available shortly.

Enhanced Vehicle Applications is a technology company that designs, manufactures and markets asset management products and services. The company's experience and focus is in wireless data communications with several patents and proprietary designs. EVA currently offers these services and technology through the CyntrX™ product line, a web based on-demand-location™ solution which allows customers the ability to monitor their assets throughout North America as well as generate custom profiles and reports via the network.

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, the company operates more than 200,000 vehicles and serves customers from nearly 1,000 locations in the United States, Canada, Mexico, South America, and Europe. Product lines include full-service leasing, contract maintenance, commercial and consumer truck rentals, transportation and warehousing management, and supply chain management solutions. Penske Truck Leasing's annual revenue is approximately US $3.7 billion. The company can be reached at www.pensketruckleasing.com.

READING, PA (May 13, 2005) - Penske Truck Leasing announced today that it opened a new facility at 1930 Lasalle Avenue, Lancaster, Pa. that will offer full service leasing, contract maintenance and commercial and consumer truck rental services.

The 17,800 square foot facility was built on nine acres of land and will employ approximately 45 associates from in and around the Lancaster area. It can effectively handle maintenance on over 1,000 vehicles and has a two-lane fuel service island that provides diesel and gasoline. The facility replaces two smaller lease facilities that were located in East Hemfield township.

"Our new Lancaster facility gives us more working space and state-of-the-art equipment that will enable us to serve our customers more effectively," said Jack Gallagher, Area Vice President. "Additionally, by consolidating two facilities into one, the company will benefit from reduced facility costs."

Location hours for rental services at Penske's new location are 7 a.m. to 6 p.m. on weekdays, 7 a.m. to 3 p.m. on Saturday and 8 a.m. to noon on Sunday. Maintenance services are available from 5 a.m. to 11:30 p.m. on weekdays and 7 a.m. to 3 p.m. on Saturday. Office hours are 8 a.m. to 5 p.m. on weekdays.

For additional information about the facility and the services available, contact Don Metcalf, Corporate Communications Manager, at (610) 775-6001 or don.metcalf@penske.com.

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, the company operates more than 200,000 vehicles and serves customers from nearly 1,000 locations in the United States, Canada, Mexico, South America, and Europe. Product lines include full-service leasing, contract maintenance, commercial and consumer truck rentals, transportation and warehousing management, and supply chain management solutions. Penske Truck Leasing's annual revenue is approximately US $3.7 billion. The company can be reached at www.pensketruckleasing.com.