truck leasing

Leases and rentals give fleets flexibility to adjust the number of vehicles they need without making long-term, up-front capital commitments, and there are similarities between the two. Both provide capacity without significant capital investments and give fleet operators flexibility in the number of vehicles they keep.

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Penske Truck Leasing has earned placement on the VIQTORY 2024 Top Military-Friendly Employers list, in the over $5 billion category. VIQTORY is a service-disabled, veteran-owned small business that produces publications like Military Spouse and G.I. Jobs magazines.

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READING, Pa., October 30, 2023 – Penske Truck Leasing customer Balford Farms, a food distribution services and dairy products company headquartered in Burlington, New Jersey, is adding the first-ever electric truck to its fleet. The Orange EV yard tractor will support the company's warehouse and distribution center, which operates 24 hours a day, 365 days a year. It will reduce Balford's carbon footprint by over 15 tons annually.

Balford’s environmental sustainability journey started over a decade ago with the installation of solar panels at their Burlington warehouse and distribution center.

“We’re thrilled about this opportunity to bring innovation into our truck fleet and expand upon our recent sustainability commitments and successes,” said Larry Walker, CEO of Balford Farms. “This new electric truck exemplifies our ongoing promise towards being an environmentally responsible leader in the food distribution industry while delivering efficiency and safety to our workplace, and the very best service to our customers.”

Balford specializes in providing warehousing and distribution services to quick service restaurant chains. Balford also markets and distributes their own Rosenberger’s dairy brand to customers throughout the Northeast U.S.

Penske Truck Leasing customer Balford Farms, a food distribution services and dairy products company headquartered in Burlington, New Jersey, is adding the first-ever electric truck to its fleet. The Orange EV yard tractor will support the company's warehouse and distribution center, which operates 24 hours a day, 365 days a year. It will reduce Balford's carbon footprint by over 15 tons annually.

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Penske Truck Leasing has recently opened a brand-new, state-of-the-art facility in Channahon, Illinois. Located at 23400 S Frontage Road W it is conveniently located near Interstate 55 and Route 6 in the West Chicago-area.

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The U.S. Department of Defense has formally recognized Penske Truck Leasing for its military-friendly policies. The company is a recipient of the Above and Beyond Award recently given by the Pennsylvania Employer Support of the Guard and Reserve (ESGR). The honor is provided to companies “for outstanding service and continuing support to the national defense.”

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Penske Truck Leasing today announced it has recently completed the acquisitions of Star Truck Rentals, Inc., a transportation services company offering full-service leasing, commercial truck rental, contract maintenance, used truck sales and additional services and Kris-Way Truck Leasing, Inc., a transportation services company offering full-service leasing, commercial truck rental, contract maintenance and dedicated contract carriage.

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Increasing uptime and managing costs are critical for fleets, especially in the current operating environment. Leasing can provide several benefits to fleets, including reducing breakdowns, driving down maintenance costs and improving their fuel economy, which all impact the bottom line.

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When drawing on telematics information for maintenance, the ultimate goal is to increase vehicle uptime by speeding up, or even preventing, repairs.

“If the vehicle is down for any type of maintenance, that means it is not delivering product,” said Gregg Mangione, executive vice president of maintenance, Penske Truck Leasing. “At their core, fleets want uptime.”

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Cost has been a default factor for many fleets looking to add telematics devices, but technology has become more affordable, especially for smaller operators.

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Penske Truck Leasing and Daimler Truck North America (DTNA) commemorated the delivery of two battery electric production model Freightliner eCascadia semi-trucks. The delivery of these heavy-duty electric vehicles is a significant milestone for both companies and marks the culmination of a period of co-creation, refinement and field-testing that kicked off nearly five years ago.

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Penske Truck Leasing has recently opened a state-of-the-art facility in Akron, Ohio. Located at 937 E Waterloo Road this new facility is Penske’s first-ever, full-service rental and leasing facility that is Leadership in Energy and Environmental Design (LEED)-certified, highlighting Penske’s environmentally sustainable building design, construction and operation.

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Penske Truck Leasing announced it has expanded its use of renewable diesel in California through a preferred supplier agreement with Shell Oil Products U.S. The move is a continuing effort by Penske to help reduce emissions across its truck rental, heavy-duty truck leasing and logistics fleet operations.

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For over 50 years, Penske’s maintenance technicians have powered our industry-leading fleets. At Penske, we’re proud to provide career development opportunities that keep our techs on the cutting edge of the technology and trends shaping transportation. We’re simply committed to growing and training the best talent on the planet.

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Penske Truck Leasing has been reaccredited by the National Institute of Automotive Service Excellence (ASE), following a rigorous review process with industry education partner, the ASE Training Managers Council (ATMC), ensuring the company continues to meet or exceed the highest quality and performance standards for continuing service education.

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Sonepar has selected Penske Truck Leasing to provide its new light-duty electric fleet. Penske Truck Leasing is in the process of delivering nine Ford E-Transit all-electric cargo vans to support the initiative.

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Reading, Pa., Sept. 2, 2022 – Penske Truck Leasing announced today it has introduced a new truck maintenance on-site guide, Shipper’s Guide to Outsourcing On-Site Fleet Maintenance, which is now available at no cost. The three-part guide provides detailed information on how businesses can implement on-site maintenance to navigate the obstacles of operating a vehicle maintenance facility.

The easy-to-read guide explains how businesses can optimize commercial vehicle maintenance by turning to qualified outside maintenance providers to deliver on-site service. With third-party on-site maintenance, you can reap the benefits of a cost-efficient, in-house maintenance program while turning the risks (e.g., updating software and tooling or hiring and training skilled technicians) over to a strategic partner, like Penske.

As a leader in the transportation industry, Penske offers a proven program of contract maintenance services that can help vehicle maintenance facilities:

  • Predict operating costs
  • Increase labor productivity
  • Optimize vehicle uptime and lifecycle
  • Achieve environmental goals
  • Outsource financial and compliance risk

From navigating the current technician labor shortages, to managing everchanging regulations and inventories, operating a vehicle maintenance facility can be a lot to handle.

Jim Lager, executive vice president sales and rental, Penske Truck Leasing: “To help businesses navigate these obstacles, this complimentary eBook provides the tools needed to evaluate how an on-site maintenance partner like Penske can effectively manage your fleet life-cycle needs, maintenance requirements and many other aspects of your transportation operation, so you can focus on your core business.”

Penske Truck Leasing is a Penske Transportation Solutions company headquartered in Reading, Pennsylvania. A leading global transportation services provider, Penske Truck Leasing operates more than 390,000 vehicles and serves customers from more than 1,360 locations in North America, South America, Europe, Australia and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, used truck sales, transportation and warehousing management and supply chain management solutions. Visit www.pensketruckleasing.com to learn more.