Penske's CarShop standalone used-vehicle business also continued to grow, as revenue more than doubled to $515.8 million on sales of 19,523 vehicles, up 71%. This month, Penske acquired a BMW-Mini dealership and a collision center in Southern California, and three BMW-Mini stores and a collision center in the U.K. The company also opened a new Honda dealership in Leander, Texas, in January. Penske bought a medium- and heavy-duty commercial truck business in Ontario in the first quarter. "Our results were driven by strong performance across the entire business," Penske said in the company's statement.
"GE Sells Penske Truck Leasing Stake for $674 Million". ^ "Penske debuts fast charging stations for electric delivery trucks"."Penske starts running Freightliner electric trucks in California – hoping someday they'll make economic sense". List of assets owned by General Electric.Simon Pagenaud carried Penske Truck Leasing sponsorship for eight races in the 2015 Ind圜ar Series. Teammate Hélio Castroneves had Penske Truck Leasing sponsorship for three races in 2011 and seven races in 2012. In the 2009 Ind圜ar Series, Will Power drove four races for Team Penske with This unit sells semi-tractors, semi-trailers, straight trucks, and other equipment for light-, medium-, and heavy-duty transportation applications. Penske Used Trucks is an operating unit of Penske Truck Leasing that sells off-lease trucks, semi-trucks, trailers, and other trucking-related equipment directly to businesses and to the used truck wholesale marketplace. Of note, Penske Logistics completed construction and opened a 606,000-square-foot refrigerated regional distribution center in Romulus, Michigan in June 2019. Both acquisitions were private transactions. Penske Logistics made two notable acquisitions in the last few years including that of Transfreight North America from Mitsui in 2015 and the acquisition of Greensboro, N.C.-based EPES Transport Systems in 2018. Marc Althen is the president of Penske Logistics. This subsidiary is also headquartered in Reading, Pennsylvania. Penske Logistics had 2018 revenues of $2.3 billion and is ranked among the top 20 for-hire trucking companies by industry publication Transport Topics. Penske Logistics provides supply chain management and logistics services such as dedicated carriage, distribution center management, transportation management, lead logistics, supply chain consulting, and freight brokerage services. Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing that has operations in North America, South America, Europe, and Asia. Penske's commercial and consumer rental vehicles are typically branded bright yellow with black lettering and blue stripes. In addition, the business unit also rents trucks ranging from 12 feet in length to 26 feet in length to consumers for do-it-yourself moves that are either local moves or one-way moves. Its truck rental fleet has more than 85,000 units.
Penske rents commercial semi-trucks, straight trucks and semi-trailers to businesses that haul freight. Penske Truck Rental is an operating unit of Penske Truck Leasing that has more than 2,500 consumer truck rental locations across the United States and Canada. Subsidiaries and units Penske Truck Rental Penske truck with loading ramp down Penske Truck Leasing Isuzu Elf in New York. The 15.5% stake was purchased by Penske and a subsidiary of Mitsui. In September 2017, General Electric sold the last of its stake in Penske for $674 million. Of note, Penske Truck Leasing has been investing in and expanding its fleet of commercial electric trucks and adding electric truck charging stations infrastructure to its locations. Brian Hard is the president and CEO of the company.
The company currently employs more than 36,000 workers worldwide and operates and maintains a fleet of more than 300,000 vehicles. The firm serves customers in North America, South America, Europe, Asia, and Australia among its services are full-service commercial truck leasing, truck fleet maintenance, truck rentals, and used truck sales. It is Penske’s flagship and best known division. Headquartered in Reading, Pennsylvania, the company was founded by Team Penske owner Roger Penske on December 1, 1969.
is a joint venture of Penske Corporation, Penske Automotive Group, and Mitsui & Co.
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