Penske’s goal when beginning the journey with LEED was to create an industry-first certified prototype for truck leasing and maintenance facilities using the LEED for Building Design and Construction (LEED BD&C) New Construction and Major Renovations. The desire was to implement a solution that was highly impactful from a greenhouse gas emissions and environmental impact standpoint, as well as a cost-savings perspective. Penske certified its first prototype in 2022, consisting of pre-approved standards and strategies that can be applied across a set of several buildings within the portfolio that have major features and elements in common to pursue LEED credits.

What Is LEED Certification?

Developed by the U.S. Green Building Council, LEED is a framework for identifying, implementing and measuring green building and neighborhood design, construction, operations and maintenance. LEED is a voluntary, market-driven, consensus-based tool that serves as a guideline and assessment mechanism. LEED rating systems address commercial, institutional and residential buildings and neighborhood developments.

Credits + Prerequisites

LEED has six different impact categories comprised of prerequisites and credits that allow for a project to create its certification strategy, scoring between 40 and a maximum of 110 points.

Certification Levels

There are four levels of certification available based on the number of points achieved and the goals of individual projects. Penske assesses priority locations for certification goals based on their market impact and location.

• Certified: 40-49 points
• Silver: 50-59 points
• Gold: 60-79 points
• Platinum: 80-110 points

Building Efficiency Features

Processes:

1. Premium Air Compressors – Penske installed high-efficiency variable-speed air compressors used for pneumatics within the service bay. This system saves ~20% of operational costs compared to the industry standard.
2. On-Demand Hot Water – Penske limits losses from domestic hot water tanks by providing hot water instantaneously as needed. This system operates at 92%-96% efficiency and saves ~15% of operational costs compared to LEED baseline.
3. Electric Power Washers – Penske installs electric power washers that provide hot water when in use, eliminating standby losses from storage tanks. These systems also provide greater modulation control compared to equivalent gas systems and save ~20% of operational costs compared to the industry standard.

Equipment:

1. High Speed Low Velocity Fans – Penske provides high-speed, low-velocity fans that help recirculate air to improve thermal distribution. This improves comfort for building occupants, reduces heat loss through the roof and allows space conditioning equipment to operate more efficiently.
2. Condensing Boilers/Radiant Floor – These highly efficient (92%-96%) systems provide better comfort to employees working in the service bay and are a more efficient delivery of thermal energy that is more evenly distributed throughout the space and helps reduce circulation of airborne contaminants such as dust.
3. Efficient Heating/Cooling – Penske selects high-efficiency equipment that provides modulation control and heating and cooling operation that far exceeds code requirements. These systems contribute to ~20%+ cost savings and improve occupant comfort.

Lighting:

1. Dark Sky Lighting – Penske has reduced light pollution by using exterior lamps meeting backlight, uplight and glare rating criteria defined by Illuminating Engineering Society and International Dark Sky Association (IES/IDA).
2. LED Lighting – High-efficiency LED lighting not only contributes to the building’s energy savings but also reduces toxic materials, such as mercury, brought onto the building site.
3. Task Lighting – Penske promotes occupants’ productivity, comfort and well-being by providing high-quality and controllable task lighting at desks. 90%+ of building occupants are provided with dimmable lighting or multi-level task lights in their workspace.

Controls

1. Thermal Comfort – Desk fans and accessible thermostats allow building occupants to control the temperature in their environment, promoting building productivity, comfort and wellbeing.
2. Operations – Building-level tracking of water and energy usage allows Penske to manage their use of resources and identify additional opportunities for savings.

Healthy Interiors

1. Ventilation Effectiveness – Penske meets and exceeds indoor air quality standards by designing ventilation systems providing plenty of cleaned outdoor air, contributing to the comfort and well-being of building occupants.
2. Carbon Dioxide Monitors – Monitoring carbon dioxide levels ensures a healthy indoor environment for building occupants.
3. High Quality Filtration – Highly efficient MERV 13 filters are used to filter out contaminants and improve indoor air quality.
4. Entryway Protection – Entryway systems capture dirt and particulates entering the building, preventing contamination to the building’s indoor environment.
5. Air Quality Testing – Indoor air quality is tested after construction, before occupancy, to protect human health, productivity, and well-being. Particulate matter, carbon monoxide, and ozone levels are measured to ensure occupant health.
6. Smoke Free Building – Penske has a policy prohibiting smoking within 25 feet of the building to prevent exposure of building occupants, indoor surfaces, and ventilation air distribution systems to environmental tobacco smoke.
7. Healthy Materials – Penske uses paints, coatings, ceilings, furniture and flooring with low volatile organic compound (VOC) content. This reduction of chemical contaminants protects occupant health.

LEED-Certified Facility Case Studies

Madison, Alabama

Certified on: June 2024
Certification Level: Certified (40/110)

Address: 25174 One Aviation Way, Madison, AL 35756

Services offered: Consumer and commercial truck rental, full-service truck leasing, contract truck fleet maintenance, voice-direction preventive maintenance, digital experience solutions.

Square Feet / Acreage: 17,340 square-feet

Features: Four pull-through service bays, automatic truck wash bay, full-service fuel station

Sustainability Savings Highlights

Water Efficiency

• 41% indoor water use reduction
• No outdoor irrigation

Energy & Atmosphere

• ~24.5% energy efficiency cost savings
• Committed to using 100% renewable electricity

Materials & Resources

• Dedicated onsite recycling
• Recycling of operational waste streams including batteries, e-waste, tires and used oil

Lowell, Arkansas

Certified on: December 2024
Certification Level: Certified (40/110)

Address: 821 S. Bloomington Street, Lowell AR 72745

Square Feet: 19,967 square-feet

Sustainability Savings Highlights

Water Efficiency

• 40% indoor water use reduction
• No outdoor irrigation

Energy & Atmosphere

• 24.7% energy efficiency cost savings
• 100% of the total building energy consumption is offset by green power, RECs and/or carbon offsets

Materials & Resources

• Whole-building life-cycle assessment completed
• Dedicated onsite storage and collection of recyclables
• Recycling of operational waste streams including batteries, e-waste, tires and used oil

Goodyear, Arizona

Certified on: January 2026
Certification Level: Certified (41/110)

Address: 18315 W McDowell Rd, Goodyear AZ 85395

Services offered: Consumer and commercial truck rental, full truck service and truck washing

Square Feet: 21,539 Square Feet on 9.97 acres

Features: Five pull-through bays, fully automatic truck wash bay, 2 lane fuel service island

Sustainability Savings Highlights

Water Efficiency

• 38% indoor water use reduction
• Reduced outdoor irrigation

Energy & Atmosphere

• 30.7% energy efficiency cost savings
• 100% of building electricity offset by renewable energy

Materials & Resources

• Whole-building life-cycle assessment completed
• Dedicated onsite storage and collection of recyclables
• Recycling of operational waste streams including batteries, e-waste, tires and used oil

• Previously developed sites were prioritized during site selection

Ocala, Florida

Certified on: September 2025
Certification Level: Certified (42/110)

Address: 633 NW 50th Ave Ocala, FL 34482

Square Feet / Acreage: 20,910 sq ft. on 10.44 acres

Features: Five pull-through bays, fully automatic truck wash bay with canopy, 2 lane fuel island, 2 tire carousels, exterior share canopies at overhead doors

Sustainability Savings Highlights

Water Efficiency

• 36% indoor water use reduction
• No outdoor irrigation

Energy & Atmosphere

• 28% energy efficiency cost savings
• 100% of building electricity offset by renewable energy

Materials & Resources

• Whole-building life-cycle assessment completed
• Dedicated onsite storage and collection of recyclables
• Recycling of operational waste streams, including batteries, e-waste, tires and used oil

Building Responsibly

• Previously developed sites were prioritized during site selection

Pensacola, Florida

Certified on: August 2024
Certification Level: Certified (43/110)

Address: 8791 Ely Road, Pensacola, FL 32514

Square Feet / Acreage: 23,497 square feet

Sustainability Savings Highlights

Water Efficiency

• 41% indoor water use reduction
• No outdoor irrigation

Energy & Atmosphere

• 31.8% energy efficiency cost savings
• 100% of the total building energy consumption is offset by green power, RECs and/or carbon offsets

Materials & Resources

• Whole-building life-cycle assessment completed
• Dedicated onsite storage and collection of recyclables
• Recycling of operational waste streams, including batteries, e-waste, tires and used oil

Forest Park, Georgia

Certified on: January, 2025
Certification Level: Certified (40/110)

Address: 345 Tradeport Blvd, Forest Park GA 30354

Square Feet: 22,640 square feet

Sustainability Savings Highlights

Water Efficiency

• 41% indoor water use reduction
• No outdoor irrigation

Energy & Atmosphere

• 24.3% energy efficiency cost savings
• 100% of building electricity offset by renewable energy

Materials & Resources

• Whole-building life-cycle assessment completed
• Dedicated onsite storage and collection of recyclables
• Recycling of operational waste streams, including batteries, e-waste, tires and used oil

Boise, Idaho

Certified on: July 2024
Certification Level: Certified (41/110)

Address: 652 E. Gowen Road, Boise, ID 83716

Square Feet / Acreage: 19,740 square feet

Sustainability Savings Highlights

Water Efficiency

• 34% indoor water use reduction
• Reduced outdoor irrigation by 50%

Energy & Atmosphere

• 25.4% energy efficiency cost savings
• 100% of the total building energy consumption is offset by green power, RECs and/or carbon offsets for a minimum of five years

Materials & Resources

• Whole-building life-cycle assessment completed
• Dedicated onsite recycling
• Recycling of operational waste streams, including batteries, e-waste, tires and used oil

Shreveport, Louisiana

Certified on: November 2025
Certification Level: Certified (40/110)

Address: 7080 W 70th St, Shreveport, LA 77129

Services offered: Consumer and commercial truck rental, full truck service and truck washing

Square Feet: 18,324 Square Feet on 10.47acres

Features: Four pull-through bays, fully automatic truck wash bay

Sustainability Savings Highlights

Water Efficiency

• 36% indoor water use reduction
• Reduced outdoor irrigation

Energy & Atmosphere

• 32.4% energy efficiency cost savings
• 100% of building electricity offset by renewable energy

Materials & Resources

• Whole-building life-cycle assessment completed
• Dedicated onsite storage and collection of recyclables
• Recycling of operational waste streams including batteries, e-waste, tires and used oil

• Previously developed sites were prioritized during site selection

Byron Center, Michigan

Certified on: March 2025
Certification Level: Gold (60/110)

Address: 1150 60th Street SW, Byron Center, MI 49315

Square Feet / Acreage: 22,560 square feet

Sustainability Savings Highlights

Water Efficiency

• 42% indoor water use reduction
• No outdoor irrigation

Energy & Atmosphere

• 62.7% energy efficiency cost savings
• 38% renewable energy generation, by cost
• 100% of building electricity offset by renewable energy

Materials & Resources

• Whole-building life-cycle assessment completed
• Dedicated onsite storage and collection of recyclables
• Recycling of operational waste streams, including batteries, e-waste, tires and used oil

Linden, New Jersey

Certified on: July 2025
Certification Level: Silver (50/110)

Address: 1540 Lower Road, Linden NJ 07036

Square Feet: 16,830 square feet

Sustainability Savings Highlights

Water Efficiency

• 36% indoor water use reduction
• No outdoor irrigation

Energy & Atmosphere

• 79.9% energy efficiency cost savings

Materials & Resources

• Whole-building life-cycle assessment completed
• Dedicated onsite storage and collection of recyclables
• Recycling of operational waste streams, including batteries, e-waste, tires and used oil

• Previously developed sites were prioritized during site selection

Concord, North Carolina

Certified on: March 2026
Certification Level: Certified (40/110)

Address: 4650 Global Avenue, Concord NC 28027

Services offered: Consumer and commercial truck rental, full truck service and truck washing

Square Feet: 24,300 sq ft. on 16 acres

Features: Six pull through bays, fully automatic truck wash bay, 2 lane fuel island

Sustainability Savings Highlights

Water Efficiency

• 38% indoor water use reduction
• No outdoor irrigation

Energy & Atmosphere

• 24% energy efficiency cost savings
• 100% of building electricity offset by renewable energy

Materials & Resources

• Whole-building life-cycle assessment completed
• Dedicated onsite storage and collection of recyclables
• Recycling of operational waste streams including batteries, e-waste, tires and used oil

• Previously developed sites were prioritized during site selection

Greensboro, North Carolina

Certified on: September 2023
Certification Level: Certified (40/110)

Address: 3724 McConnell Road, Greensboro, NC 27405

Square Feet / Acreage: 17,325 square feet

Sustainability Savings Highlights

Water Efficiency

• 26% indoor water use reduction
• No outdoor irrigation

Energy & Atmosphere

• 32.3% energy efficiency cost savings
• 100% of the total building energy consumption is offset by green power, RECs and/or carbon offsets for a minimum of five years

Materials & Resources

• 78.2% construction and demolition waste diverted from landfill
• Whole-building life-cycle assessment completed
• Dedicated onsite recycling
• Recycling of operational waste streams, including batteries, e-waste, tires and used oil

Akron, Ohio

Certified on: October 2023
Certification Level: Certified (43/110)

Address: 937 E. Waterloo Road, Akron, OH 44306

Services offered: Consumer and commercial truck rental, full-service truck leasing, contract truck fleet maintenance, voice-direction preventive maintenance, digital experience solutions

Square Feet / Acreage: 21,944 square feet on 9.85 acres

Features: Four pull-through service bays, automatic truck wash bay, full-service fuel station

Sustainability Savings Highlights

Water Efficiency

• 38% indoor water use reduction
• No outdoor irrigation

Energy & Atmosphere

• 36% energy efficiency cost savings
• 100% of the total building energy consumption is offset by green power, RECs and/or carbon offsets for a minimum of five years

Materials & Resources

• Whole-building life-cycle assessment completed
• Dedicated onsite recycling
• Recycling of operational waste streams, including batteries, e-waste, tires and used oil

Channahon, Illinois

Certified on: July 2024
Certification Level: Gold (60/110)

Address: 23400 S Frontage Road W, Chicago, IL

Services offered: Commercial truck rental, full-service truck leasing and contract truck fleet maintenance (digital experience solutions, voice-directed PM process).

Square Feet / Acreage: 24,657 square feet on 13.4 acres

Features: Drive-thru bays with 10 service areas, automated wash bay, full-service fuel island

Sustainability Savings Highlights

Water Efficiency

• 41% indoor water use reduction
• No outdoor irrigation

Energy & Atmosphere

• 66.7% energy efficiency cost savings
• 56% renewable energy generation, by cost
• 100% of the total building energy consumption is offset by green power, RECs and/or carbon offsets

Materials & Resources

• 90.68% construction and demolition waste diverted from landfill
• Dedicated onsite recycling
• Recycling of operational waste streams, including batteries, e-waste, tires and used oil

We're People Helping People Move Ahead

Penske associates go the extra mile for their communities every day.

For more than 50 years, we have been a company that takes pride in helping others move ahead, and we couldn't do it without the generous efforts of our associates and customers. Across the country and the world, our team of passionate and hardworking people have offered their time, effort and resources to their communities. Some of it is visible, but much goes on quietly behind the scenes.

There When We Are Needed

Penske's bright yellow trucks are a beacon of hope when disasters strike.

We work behind the scenes with major relief agencies to transport emergency relief and supplies. We support our customers and local non-profit groups with rental vehicles to help them deliver items to those in need.

We've supported hundreds of charities over the years, including Toys for Tots, Habitat for Humanity, Support Military Families, Ronald McDonald House, Boys and Girls Clubs, Paralyzed Veterans of America, Salvation Army and the American Red Cross, among others.

This video highlights a small sample of how we truly are people helping people move ahead.

Penske Transportation Solutions, Penske Truck Leasing, Penske Truck Rental, Penske Used Trucks and Penske Logistics are committed to community service and volunteerism.

A Vision for Growth and Innovation

Roger Penske founded our company Dec. 1, 1969, after purchasing a car and light-truck rental and leasing business serving eastern Pennsylvania, with just three locations. By 1981, the company had grown to 33 facilities staffed by 420 employees and generating annual sales of more than $40 million.

In 1982, we joined with the Hertz Truck Division to form Hertz-Penske Truck Leasing. The company acquired Goldston in 1983 and Leaseway Transportation's truck renting and leasing business in 1986. With 102 locations and 2,300 associates, the company generated annual revenues of $200 million.

In 1988, Hertz exited the business, and Penske Corp. entered into a joint venture with GE Capital pursuant to which GE contributed its Gelco Truck Leasing business, and the parties formed Penske Truck Leasing Co., L.P.

Logistics and Supply Chain Business Expands Worldwide

In 1995, Penske expanded its logistics business when it acquired the entire business of Leaseway Transportation Corp., and continued to expand internationally by establishing Penske Logistics Europe in 1997. The company dramatically increased its presence in the European market with the 1998 purchase of Transportgroep van der Graaf, a Netherlands-based transportation and warehouse provider.

Also in 1998, we formed a joint venture with Cotia Trading to provide logistics services in South America. We acquired Cotia Trading's remaining interest in that company in 2005 and have conducted business as Penske Logistics Brazil since then. Also in 2005, we formed a joint venture with Victory Express to provide logistics services in China. In 2007, we bought Victory Express' remaining interest in the company. In 2015, Penske Logistics acquired Transfreight North America. This acquisition increased its supply chain solutions offerings and capabilities in the United States, Mexico and Canada.

A New Century of Investment and Expansion

The turn of the century saw Penske Truck Leasing develop fully into its role as a global transportation leader. We purchased Canada's Rentway Ltd. in 2000 and Wilmington, Delaware-based Rollins Truck Leasing in 2001. In 2004, we acquired the full-service truck leasing, rental, maintenance and logistics operations of AMI Leasing from Ford Motor Credit.

In 2010, we continued our U.S. commercial truck leasing expansion efforts with the acquisition of Texas-based Bright Truck Leasing and Distribution, a privately owned full-service truck leasing, truck maintenance, rental and logistics services provider. The acquisition added approximately 3,400 tractors, trucks and trailers to our fleet and several important truck leasing, truck rental and logistics customers.

Recognizing potential opportunities in 2014, Penske Truck Leasing expanded its truck rental and leasing services in Australia through collaboration with Brisbane, Australia-based Penske Commercial Vehicles, which is a wholly owned subsidiary of Penske Automotive Group. The truck rental venture operates under the brand name Penske Truck Rental. The collaboration combines Penske Truck Leasing's fleet operations expertise with the local market knowledge of Penske Commercial Vehicles.

In 2015, we welcomed new investment partners as Tokyo-based Mitsui & Co., Ltd. acquired a 20% limited partnership interest in Penske Truck Leasing from GE Capital. Similarly, in 2016, Penske Automotive Group increased its investment in Penske Truck Leasing by acquiring an additional 14.4% interest from GE Capital. We continue to benefit from strong, stable and long-term partners at Penske Corporation, Penske Automotive Group and Mitsui & Co., Ltd.

In 2017, Penske Truck Leasing continued to grow and expand its truck rental, leasing and logistics operations both organically and with the acquisition of Richmond, Virginia-based Old Dominion Truck Leasing. Later in the year, Penske Automotive Group and Mitsui & Co., Ltd. once again showed confidence in Penske Truck Leasing by increasing their ownership positions in the company. These additional investments also marked the exit of General Electric from our business.

Ushering in a New Era of Vehicle Technologies

In 2018, a robust economy resulted in one of the best freight tonnage markets in 20 years, according to the American Trucking Associations. This and other factors contributed to a strong year for Penske Truck Leasing and Penske Logistics. In its 49th year of operation, Penske Truck Leasing made significant investments in new vehicles, new and upgraded facilities, technology, safety, sustainability and hiring across its truck leasing, truck rental, logistics and used truck businesses.

Connected Fleets and Commercial Electric Trucks Emerge

Throughout 2018, Penske Truck Leasing helped usher in a new era and boosted its innovative technological capabilities and efforts around connected and battery-electric commercial vehicles. Penske remained at the epicenter of the changes underway in the transportation and logistics industry.

Penske Truck Leasing continued its expansion and use of connected fleet solutions and remote diagnostics and implemented an industry-leading voice-directed preventive maintenance technology system and Dynamic PM® process.

The company also began working behind the scenes for industry standardization around the charging of high-power commercial electric vehicles, leveraging big data from connected fleets, and exploring possibilities for blockchain and robotic process automation use in its businesses. Penske also introduced new and enhanced digital tools for its private fleet customers and their truck drivers, including new mobile phone applications and a newly updated customer website portal.

First Commercial Electric Trucks Introduced

Notably in 2018, Penske Truck Leasing announced it was adding 10 eM2 commercial electric medium-duty trucks and 10 heavy-duty commercial eCascadia electric trucks for use in California and the Pacific Northwest in a unique co-creation effort with Daimler Trucks North America.

In late 2018, Penske Truck Leasing became the first company ever in North America to put an electric commercial vehicle into its fleet by introducing the Freightliner eM2 medium-duty commercial electric vehicle. At the same time, Penske Truck Leasing also announced that it began installing 20 electric commercial vehicle charging stations at five facilities in California to support electric vehicles.

Leading the Way with Commercial Electric Trucks

Throughout 2019, Penske Truck Leasing continued to lead the way with bringing commercial electric vehicles to market and putting them on the road in real-world, over-the-road working conditions, opening charging stations and implementing new electric vehicle maintenance practices.

Following the 2018 introduction of the Freightliner eM2 into its fleet, Penske added subsequent electric trucks in 2019, including additional eM2s, FUSO eCanter battery-electric work trucks, and the Kalmar Ottowa Electric Terminal Tractor (T2E).

Most notably, Penske Truck Leasing took delivery of the very first Class 8 heavy-duty Freightliner eCascadia semi-trucks from Daimler Truck North America. These units were quickly put to work in its subsidiary's dedicated contract carriage fleet at Penske Logistics.

By December 2019, Penske Logistics had successfully logged more than 10,000 over-the-road miles making multiple, daily store deliveries on dedicated routes in Southern California for a leading quick service restaurant chain with two Freightliner Innovation Fleet eCascadias. Penske Logistics believes it was the first truck fleet operator in the United States to achieve such a feat with a heavy-duty electric semi-truck.

Delivering on its previous commitments to develop electric vehicle charging infrastructure at its facilities, Penske Truck Leasing opened commercial heavy-duty electric vehicle charging stations with 14 high-speed chargers at four of its existing facilities in Southern California. The company's near-term plan includes adding at least six more, bringing the total to 20. Penske believes these were the first DC fast charging stations in the U.S. designed specifically for heavy-duty commercial electric vehicles. Additional charging station capabilities are planned.

Logistics and Supply Chain Innovations and Investments

Penske Logistics continues its growth and investment in people, facilities, technology, and advancing safety and sustainability.

In 2018, notable efforts for Penske Logistics included the addition of onboard cameras in its trucking fleet, expanding the capabilities of its ClearChain® technology suite. A notable acquisition in 2018 supporting logistics and supply chain capabilities included the addition of Epes Transport System.

In 2019, Penske Logistics made history for being one of the first truck fleets to ever use commercial heavy-duty electric semi-trucks for over-the-road store deliveries as well as testing electric terminal yard tractors.

Both the Class 8 electric semi-trucks and the electric yard trucks are being used in Southern California. While the electric semi-trucks perform daily store deliveries over the road, the electric terminal tractor or yard truck is designed for trailer-handling operations in truck yards, warehousing and distribution centers, container terminals and related operations where short-distance travel is required.

Penske Logistics' continued investments in sustainability related to its fleet continued to earn it accolades. For the fourth time this decade, Penske Logistics was honored by the U.S. Environmental Protection Agency for its truck sustainability efforts, collecting a 2019 SmartWay Excellence Award.

In 2019, Penske Logistics also celebrated the grand opening of its new 606,000-square-foot build-to-suit standard freezer/cooler distribution center in Romulus, Michigan. Penske's new facility is responsible for bringing more than 400 new jobs to the region and was opened to serve the food distribution needs of its customer. Construction of the $98.5 million facility began in the fall of 2017 and concluded in the fall of 2018. The new facility opened for full operation in June 2019.

Celebrating Penske Truck Leasing's 50th Year in Business

In 2019, Penske Truck Leasing marked its 50^th anniversary in business. To celebrate the milestone anniversary and thank associates for their role in the company's success, Penske conducted a 110-city truck tour throughout the U.S. and Canada. Other locations enjoyed local celebrations. A historical archive display was also created that is now a fixture in the headquarters in Reading, Pennsylvania.

Throughout 2019, Penske's leadership and its associates made a concerted effort to make community service through volunteerism a major part of the celebration and underscoring the company's commitment to the communities where these associates live and work. To help commemorate the company's 50^th anniversary, the Pennsylvania State Senate declared Dec. 1, 2019, as Penske Truck Leasing Day.

In addition to the historic milestone of the company's anniversary, company founder Roger S. Penske received the Presidential Medal of Freedom in recognition of his success in business, motorsports and philanthropic efforts. This prestigious award is the nation's highest civilian honor, which may be awarded by the President of the United States to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors.

Introducing a New Brand: Penske Transportation Solutions

Throughout its 50-year history, Penske Truck Leasing has developed vast capabilities serving a broad range of customers in diverse industries. To better represent the breadth of its capabilities and to position the organization for the future development and the potential acquisition of new product and service offerings, the company introduced a new umbrella brand name in 2019: Penske Transportation Solutions.

Penske Transportation Solutions is now the umbrella brand for Penske Truck Leasing, Penske Logistics, Epes Transport Systems and Penske Vehicle Services. Our businesses provide innovative transportation, supply chain and technology solutions to keep the world moving forward.

Navigating the Pandemic with Care and Resiliency

The pandemic of 2020 forever changed the way we work, live and operate. While always at the forefront, health, safety and community support took on new dimensions in 2020 and an even greater importance to help our associates, customers and communities navigate unprecedented times.

As an essential provider of transportation services and supply chain solutions, Penske's rental, leasing and logistics businesses played critical roles in responding to the challenges brought about by the pandemic and the ripple effects impacting supply chains. Associates across our organization responded with incredible determination, grace, resiliency, and the unstoppable Effort Equals Results spirit that runs deep within our organization.

Penske Truck Leasing continued to provide essential and continuous transportation support services such as fleet maintenance, repairs, fuel, over-the-road support, and made sure trucks, semi-tractors and trailers remained available and ready to support business fleets, truck drivers and consumers on the move.

At Penske Logistics, dedicated contract carriage, warehousing and transportation management were mission-critical functions for its supply chain customers. From making sure hospital deliveries of masks, gowns and other medical supplies were delivered by truck on-time to managing food, beverage and grocery warehouses and direct-store deliveries by truck, Penske's role in the supply chain was essential.

As the year progressed, community needs also grew. Penske and its associates responded by giving back and volunteering, hosting and supporting local food, clothing and fundraising drives, and partnering with community food banks, soup kitchens, shelters, and other community groups by donating the use of its vehicles as community needs surged. Penske also provided the donated transportation of milk and dairy products to food banks as well as the transportation of donated masks, clothing and essential supplies for infants and charities serving mothers in need and veterans organizations.

Amid all the challenges of 2020, Penske Transportation Solutions continued investing in the future and progressed its work related to connected fleet technologies, digitalization, sustainability, electric and automated vehicles. Notable items included its continued introduction and real-world testing of new commercial electric vehicles within its fleet operations, new commercial electric vehicle charging and related technologies, and investing in new and upgraded facilities to meet customer needs.

Finally, in late 2020, Penske Logistics made a significant investment in the future of its dedicated contract carriage business by completing its acquisition of Black Horse Carriers. This acquisition was highly complementary to its existing services offering in the food, grocery, retail, bakery, dairy, CPG, manufacturing, and automotive industries.

Penske is Always Moving Forward

At Penske Transportation Solutions, we move the things that move the world forward. We continue to invest, grow and provide the innovative transportation and supply chain solutions needed by our customers around the globe.

Penske Truck Leasing is a leading transportation services provider that operates and maintains a fleet of approximately 330,000 vehicles. We offer full-service truck leasing, contract fleet maintenance, commercial and consumer truck rentals, and used truck sales. We serve our customers through an expansive network of approximately 790 service locations in North America.

Penske Logistics operates approximately 500 locations across North America, South America, Europe and Asia. Penske's supply chain and logistics solutions include dedicated contract carriage, distribution center and warehouse management, transportation management, lead logistics, freight management and consulting.

When combined, Penske Transportation Solutions, headquartered in Reading, Pennsylvania, has businesses that generate approximately $9 billion USD in annual revenue and employ approximately 40,000 associates worldwide.

Last updated: March 31, 2021

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Transportation Industry Leaders

Penske Truck Leasing is a partnership of Penske Corporation, Penske Automotive Group and Mitsui & Co., Ltd. A leading global transportation services provider, Penske operates more than 439,300 vehicles and serves customers from nearly 1,480 locations. Our product lines include full-service leasing and contract maintenance. Our Penske Truck Rental service, which is widely recognized for its iconic yellow trucks with blue stripes, provides both commercial truck rentals and consumer truck rentals in North America.

Penske Logistics is a leader in the field of logistics and supply chain management and it is our wholly owned subsidiary. Penske Logistics provides dedicated contract carriage, warehousing and distribution center management, transportation management, lead logistics, and a full range of customized supply chain management and logistics solutions. Penske Logistics has offices, operations and serves customers in North America, South America, Europe and Asia.

Penske Corporation Holdings

Penske Corporation

Penske Corporation is a closely-held, on-highway diversified transportation services company, whose subsidiaries operate in a variety of segments, including retail automotive, truck leasing, logistics, transportation component manufacturing and professional motorsports.

Penske Automotive Group

Penske Automotive Group, Inc., (NYSE: PAG) is a diversified international transportation services company and one of the world’s premier automotive and commercial truck retailers. PAG operates dealerships principally in the United States, the United Kingdom, Canada, Germany, Italy, and Japan and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems and related parts and services principally in Australia and New Zealand. Additionally, PAG owns 28.9% of Penske Transportation Solutions (“PTS”), a business that manages one of the largest, most comprehensive and modern trucking fleets in North America and provides innovative transportation, supply chain, and technology solutions to its customers. PAG is a member of the Fortune 500, Russell 1000, and Russell 3000 indexes, and ranked among the World’s Most Admired Companies by Fortune Magazine..

Penske Motor Group

A privately held specialty retailer operating Toyota, Scion, Lexus and Mercedes-Benz automobile dealerships in California.

Team Penske

Team Penske is one of the most successful teams in the history of professional sports. Cars owned and prepared by Team Penske have produced more than 600 major race wins, over 670 pole positions, and 44 championships across open-wheel, stock car and sports car racing competition. Over the course of its 57-year history, the team has earned 19 Indianapolis 500 victories, three Daytona 500 Championships, a Formula 1 win, overall victories in the 24 Hours of Daytona and the 12 Hours of Sebring races, along with a win in Australia's legendary Bathurst 1000 race.

Last updated: February 2024

A Vision for Growth and Innovation

Roger Penske founded our company Dec. 1, 1969, after purchasing a car and light-truck rental and leasing business serving eastern Pennsylvania, with just three locations. By 1981, the company had grown to 33 facilities staffed by 420 employees and generating annual sales of more than $40 million.

In 1982, we joined with the Hertz Truck Division to form Hertz-Penske Truck Leasing. The company acquired Goldston in 1983 and Leaseway Transportation's truck renting and leasing business in 1986. With 102 locations and 2,300 associates, the company generated annual revenues of $200 million.

In 1988, Hertz exited the business, and Penske Corp. entered into a joint venture with GE Capital pursuant to which GE contributed its Gelco Truck Leasing business, and the parties formed Penske Truck Leasing Co., L.P.

Logistics and Supply Chain Business Expands Worldwide

In 1995, Penske expanded its logistics business when it acquired the entire business of Leaseway Transportation Corp., and continued to expand internationally by establishing Penske Logistics Europe in 1997. The company dramatically increased its presence in the European market with the 1998 purchase of Transportgroep van der Graaf, a Netherlands-based transportation and warehouse provider.

Also in 1998, we formed a joint venture with Cotia Trading to provide logistics services in South America. We acquired Cotia Trading's remaining interest in that company in 2005 and have conducted business as Penske Logistics Brazil since then. Also in 2005, we formed a joint venture with Victory Express to provide logistics services in China. In 2007, we bought Victory Express' remaining interest in the company. In 2015, Penske Logistics acquired Transfreight North America. This acquisition increased its supply chain solutions offerings and capabilities in the United States, Mexico and Canada.

A New Century of Investment and Expansion

The turn of the century saw Penske Truck Leasing develop fully into its role as a global transportation leader. We purchased Canada's Rentway Ltd. in 2000 and Wilmington, Delaware-based Rollins Truck Leasing in 2001. In 2004, we acquired the full-service truck leasing, rental, maintenance and logistics operations of AMI Leasing from Ford Motor Credit.

In 2010, we continued our U.S. commercial truck leasing expansion efforts with the acquisition of Texas-based Bright Truck Leasing and Distribution, a privately owned full-service truck leasing, truck maintenance, rental and logistics services provider. The acquisition added approximately 3,400 tractors, trucks and trailers to our fleet and several important truck leasing, truck rental and logistics customers.

Recognizing potential opportunities in 2014, Penske Truck Leasing expanded its truck rental and leasing services in Australia through collaboration with Brisbane, Australia-based Penske Commercial Vehicles, which is a wholly owned subsidiary of Penske Automotive Group. The truck rental venture operates under the brand name Penske Truck Rental. The collaboration combines Penske Truck Leasing's fleet operations expertise with the local market knowledge of Penske Commercial Vehicles.

In 2015, we welcomed new investment partners as Tokyo-based Mitsui & Co., Ltd. acquired a 20% limited partnership interest in Penske Truck Leasing from GE Capital. Similarly, in 2016, Penske Automotive Group increased its investment in Penske Truck Leasing by acquiring an additional 14.4% interest from GE Capital. We continue to benefit from strong, stable and long-term partners at Penske Corporation, Penske Automotive Group and Mitsui & Co., Ltd.

In 2017, Penske Truck Leasing continued to grow and expand its truck rental, leasing and logistics operations both organically and with the acquisition of Richmond, Virginia-based Old Dominion Truck Leasing. Later in the year, Penske Automotive Group and Mitsui & Co., Ltd. once again showed confidence in Penske Truck Leasing by increasing their ownership positions in the company. These additional investments also marked the exit of General Electric from our business.

Ushering in a New Era of Vehicle Technologies

In 2018, a robust economy resulted in one of the best freight tonnage markets in 20 years, according to the American Trucking Associations. This and other factors contributed to a strong year for Penske Truck Leasing and Penske Logistics. In its 49th year of operation, Penske Truck Leasing made significant investments in new vehicles, new and upgraded facilities, technology, safety, sustainability and hiring across its truck leasing, truck rental, logistics and used truck businesses.

Connected Fleets and Commercial Electric Trucks Emerge

Throughout 2018, Penske Truck Leasing helped usher in a new era and boosted its innovative technological capabilities and efforts around connected and battery-electric commercial vehicles. Penske remained at the epicenter of the changes underway in the transportation and logistics industry.

Penske Truck Leasing continued its expansion and use of connected fleet solutions and remote diagnostics and implemented an industry-leading voice-directed preventive maintenance technology system and Dynamic PM® process.

The company also began working behind the scenes for industry standardization around the charging of high-power commercial electric vehicles, leveraging big data from connected fleets, and exploring possibilities for blockchain and robotic process automation use in its businesses. Penske also introduced new and enhanced digital tools for its private fleet customers and their truck drivers, including new mobile phone applications and a newly updated customer website portal.

First Commercial Electric Trucks Introduced

Notably in 2018, Penske Truck Leasing announced it was adding 10 eM2 commercial electric medium-duty trucks and 10 heavy-duty commercial eCascadia electric trucks for use in California and the Pacific Northwest in a unique co-creation effort with Daimler Trucks North America.

In late 2018, Penske Truck Leasing became the first company ever in North America to put an electric commercial vehicle into its fleet by introducing the Freightliner eM2 medium-duty commercial electric vehicle. At the same time, Penske Truck Leasing also announced that it began installing 20 electric commercial vehicle charging stations at five facilities in California to support electric vehicles.

Leading the Way with Commercial Electric Trucks

Throughout 2019, Penske Truck Leasing continued to lead the way with bringing commercial electric vehicles to market and putting them on the road in real-world, over-the-road working conditions, opening charging stations and implementing new electric vehicle maintenance practices.

Following the 2018 introduction of the Freightliner eM2 into its fleet, Penske added subsequent electric trucks in 2019, including additional eM2s, FUSO eCanter battery-electric work trucks, and the Kalmar Ottawa Electric Terminal Tractor (T2E).

Most notably, Penske Truck Leasing took delivery of the very first Class 8 heavy-duty Freightliner eCascadia semi-trucks from Daimler Truck North America. These units were quickly put to work in its subsidiary's dedicated contract carriage fleet at Penske Logistics.

By December 2019, Penske Logistics had successfully logged more than 10,000 over-the-road miles making multiple, daily store deliveries on dedicated routes in Southern California for a leading quick service restaurant chain with two Freightliner Innovation Fleet eCascadias. Penske Logistics believes it was the first truck fleet operator in the United States to achieve such a feat with a heavy-duty electric semi-truck.

Delivering on its previous commitments to develop electric vehicle charging infrastructure at its facilities, Penske Truck Leasing opened commercial heavy-duty electric vehicle charging stations with 14 high-speed chargers at four of its existing facilities in Southern California. The company's near-term plan includes adding at least six more, bringing the total to 20. Penske believes these were the first DC fast charging stations in the U.S. designed specifically for heavy-duty commercial electric vehicles. Additional charging station capabilities are planned.

Logistics and Supply Chain Innovations and Investments

Penske Logistics continues its growth and investment in people, facilities, technology, and advancing safety and sustainability.

In 2018, notable efforts for Penske Logistics included the addition of onboard cameras in its trucking fleet, expanding the capabilities of its ClearChain® technology suite. A notable acquisition in 2018 supporting logistics and supply chain capabilities included the addition of Epes Transport System.

In 2019, Penske Logistics made history for being one of the first truck fleets to ever use commercial heavy-duty electric semi-trucks for over-the-road store deliveries as well as testing electric terminal yard tractors.

Both the Class 8 electric semi-trucks and the electric yard trucks are being used in Southern California. While the electric semi-trucks perform daily store deliveries over the road, the electric terminal tractor or yard truck is designed for trailer-handling operations in truck yards, warehousing and distribution centers, container terminals and related operations where short-distance travel is required.

Penske Logistics' continued investments in sustainability related to its fleet continued to earn it accolades. For the fourth time this decade, Penske Logistics was honored by the U.S. Environmental Protection Agency for its truck sustainability efforts, collecting a 2019 SmartWay Excellence Award.

In 2019, Penske Logistics also celebrated the grand opening of its new 606,000-square-foot build-to-suit standard freezer/cooler distribution center in Romulus, Michigan. Penske's new facility is responsible for bringing more than 400 new jobs to the region and was opened to serve the food distribution needs of its customer. Construction of the $98.5 million facility began in the fall of 2017 and concluded in the fall of 2018. The new facility opened for full operation in June 2019.

Celebrating Penske Truck Leasing's 50th Year in Business

In 2019, Penske Truck Leasing marked its 50 ^th anniversary in business. To celebrate the milestone anniversary and thank associates for their role in the company's success, Penske conducted a 110-city truck tour throughout the U.S. and Canada. Other locations enjoyed local celebrations. A historical archive display was also created that is now a fixture in the headquarters in Reading, Pennsylvania.

Throughout 2019, Penske's leadership and its associates made a concerted effort to make community service through volunteerism a major part of the celebration and underscoring the company's commitment to the communities where these associates live and work. To help commemorate the company's 50 ^th anniversary, the Pennsylvania State Senate declared Dec. 1, 2019, as Penske Truck Leasing Day.

In addition to the historic milestone of the company's anniversary, company founder Roger S. Penske received the Presidential Medal of Freedom in recognition of his success in business, motorsports and philanthropic efforts. This prestigious award is the nation's highest civilian honor, which may be awarded by the President of the United States to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors.

Introducing a New Brand: Penske Transportation Solutions

Throughout its 50-year history, Penske Truck Leasing has developed vast capabilities serving a broad range of customers in diverse industries. To better represent the breadth of its capabilities and to position the organization for the future development and the potential acquisition of new product and service offerings, the company introduced a new umbrella brand name in 2019: Penske Transportation Solutions

Penske Transportation Solutions is now the umbrella brand for Penske Truck Leasing, Penske Logistics, Epes Transport Systems and Penske Vehicle Services. Our businesses provide innovative transportation, supply chain and technology solutions to keep the world moving forward.

Navigating the Pandemic with Care and Resiliency

The pandemic of 2020 forever changed the way we work, live and operate. While always at the forefront, health, safety and community support took on new dimensions in 2020 and an even greater importance to help our associates, customers and communities navigate unprecedented times.

As an essential provider of transportation services and supply chain solutions, Penske's rental, leasing and logistics businesses played critical roles in responding to the challenges brought about by the pandemic and the ripple effects impacting supply chains. Associates across our organization responded with incredible determination, grace, resiliency, and the unstoppable Effort Equals Results spirit that runs deep within our organization.

Penske Truck Leasing continued to provide essential and continuous transportation support services such as fleet maintenance, repairs, fuel, over-the-road support, and made sure trucks, semi-tractors and trailers remained available and ready to support business fleets, truck drivers and consumers on the move.

At Penske Logistics, dedicated contract carriage, warehousing and transportation management were mission-critical functions for its supply chain customers. From making sure hospital deliveries of masks, gowns and other medical supplies were delivered by truck on-time to managing food, beverage and grocery warehouses and direct-store deliveries by truck, Penske's role in the supply chain was essential.

As the year progressed, community needs also grew. Penske and its associates responded by giving back and volunteering, hosting and supporting local food, clothing and fundraising drives, and partnering with community food banks, soup kitchens, shelters, and other community groups by donating the use of its vehicles as community needs surged. Penske also provided the donated transportation of milk and dairy products to food banks as well as the transportation of donated masks, clothing and essential supplies for infants and charities serving mothers in need and veterans organizations.

Amid all the challenges of 2020, Penske Transportation Solutions continued investing in the future and progressed its work related to connected fleet technologies, digitalization, sustainability, electric and automated vehicles. Notable items included its continued introduction and real-world testing of new commercial electric vehicles within its fleet operations, new commercial electric vehicle charging and related technologies, and investing in new and upgraded facilities to meet customer needs.

Finally, in late 2020, Penske Logistics made a significant investment in the future of its dedicated contract carriage business by completing its acquisition of Black Horse Carriers. This acquisition was highly complementary to its existing services offering in the food, grocery, retail, bakery, dairy, CPG, manufacturing, and automotive industries.

Thriving in Uncertain Times

In 2021, Penske Transportation Solutions saw record demand for services and solutions across its leasing, rental, fleet maintenance, used trucks, and logistics businesses. Throughout the year, the economy, supply chains, and society wrestled with the ongoing challenges wrought by the impact of the pandemic’s variant surges across the globe, supply chain disruptions, and rising inflation. Penske’s associates rallied together to deliver an exceptional year of growth and business performance.

Penske Truck Leasing Makes Strategic Investments and Expands Electrification Investments

Penske Truck Leasing continued to lead its industry by deploying and testing more electric vehicles than virtually any other fleet. The company continued its industry-leading position in 2021 by testing commercial electric vehicles. This included Volvo VNR Electrics; ROUSH CleanTech and Proterra Inc.’s next-generation Ford F-650 electric truck; and being first fleet to deploy Navistar’s International® eMV™ series medium-duty truck; and being the first truck leasing and rental company to test Ford’s E-Transit all-electric cargo van. Penske Truck Leasing further continued various previous deployments and tests of vehicles such as Kalmar electric yard tractors, and its ongoing testing and deployment of Freightliner’s eCascadia and eM2 vehicles with customers.

By year’s end, Penske Truck Leasing had among the largest and most-diverse commercial electric vehicle test fleets in North America. The company was recognized for its commitment to this innovation with regard to fleet sustainability at the Alternative Clean Transportation Expo earning the conference’s top fleet award.

Throughout 2021, Penske Truck Leasing continued to grow its business, fleet and services footprint through organic customer growth and strong vehicle demand, and it added new and improved facilities in key markets across North America. The company also completed strategic acquisitions of both Rapid Ways Truck Leasing, Inc. of Kansas City, Missouri; and of Rochester, New York-based DeCarolis Truck Rental, Inc.

Penske Logistics Drives Innovation and Growth in Dedicated Contract Carriage

Penske Logistics catapulted in 2021 to become the second largest provider of dedicated contract carriage services in North America according to industry analysts. Before year’s end, the company had fully integrated the acquired operations of Black Horse Carriers and rolled out a refreshed fleet branding program.

Throughout 2021, Penske Logistics joined in the testing of commercial electric vehicles for products ranging from delivering medical supplies to hospitals to food and beverages to quick service restaurant chains. These efforts and other measures helped it once again earn EPA’s SmartWay Excellence Award. The company also garnered industry recognition for its prominence in Gartner’s Magic Quadrant supply chain ranking as a visionary.

In late 2021, Penske Logistics also began taking a new direction for its European logistics business by forming a joint venture with Bremen, Germany-based Röhlig Logistics. The joint venture focuses on contract logistics and operates primarily in Germany and the Netherlands. The venture builds on a history of successful cooperation between the two organizations serving shared customers in Europe.

Penske's Geographic and Digital Footprints Grow

In 2022, Penske Transportation Solutions continued to deliver record performance driven by strong demand for vehicles coupled with a robust freight environment as the economy continued to rebalance supply chains.

Penske Truck Leasing continued to make strategic investments in its facilities, fleet technology and driving sustainability. Throughout the year, Penske continued to expand its footprint and customer experience by opening a number of new and improved state-of-the-art truck leasing and maintenance facilities throughout the U.S. including its first ever LEED certified maintenance facility to drive continued sustainability. The company also expanded its network of used commercial truck sales centers.

The company continued its investments in fleet electrification and decarbonization with an increasing number of charging locations to support its growing number fleet of electric vehicles, which includes light-, medium- and heavy-duty equipment.

Penske Truck Leasing made history in 2022 with electric vehicles as the first ever to haul high-performance race cars in both the NASCAR and IndyCar racing series. Late in the year, it was the first company to announce taking delivery of the production models of the Freightliner eCascadia from Daimler Truck North America. The delivery of these heavy-duty electric vehicles was a significant milestone for both companies and marked the culmination of a period of co-creation, refinement and field-testing that kicked off nearly five years ago.

In further supporting its commitment to sustainability, Penske Truck Leasing also began widespread use of renewable diesel in California, with plans to expand further use as supply becomes more available throughout North America. Renewable diesel provides a realistic pathway for fleets to further reduce emissions from well to wheel as the industry continues to decarbonize.

Always with an eye toward the future, Penske Truck Leasing opened a new cutting-edge technology hub in the Tampa market, continued investing in its connected fleet systems and mobile apps, and tapped into the metaverse using HoloLens and mixed reality technologies to support training of its fleet maintenance workforce. Further, the company’s industry-leading maintenance training program received reaccreditation from the National Institute of Automotive Service Excellence (ASE), following a rigorous review process with industry education partners to ensure the company continues to meet or exceed the highest quality and performance standards for continuing service education.

In addition to several small tuck-in acquisitions in 2022, Penske Truck Leasing also expanded its service offering into Indonesia by forming IndoPenske and an innovative collaboration with Mitsui & Co., Ltd. and IndoRent. The creative initiative aims to bring Penske’s successful business model for commercial fleet leasing, rental, and fleet maintenance to this marketplace.

Penske Logistics Recognized for Exceptional Performance

Penske Logistics similarly experienced continued growth in dedicated contract carriage and distribution center management businesses and continued growth and interest in its freight management solutions as more shippers sought to gain greater control and visibility around their supply chains.

Penske Logistics continued to receive widespread industry recognition for its performance and innovative supply chain and logistics solutions earning major supplier of the year awards from General Motors, Nissan, and Novelis. In recognition of its continued fleet sustainability efforts the Environmental Protection Agency’s SmartWay program recognized Penske Logistics as a top performer. Penske Logistics also earned award as a Top Green Fleet from Heavy Duty Trucking magazine, Green 75 designation from Inbound Logistics magazine and Great Supply Chain Partner award from the readers of SupplyChainBrain.

Penske is Always Moving Forward

At Penske Transportation Solutions, we move the things that move the world forward. We continue to invest, grow and provide the innovative transportation and supply chain solutions needed by our customers around the globe.

Penske Truck Leasing is a leading transportation services provider that operates and maintains a fleet of approximately 439,300 vehicles. We offer full-service truck leasing, contract fleet maintenance, commercial and consumer truck rentals, and used truck sales. We serve our customers through an expansive network of approximately 980 maintenance facilities in North America.

Penske Logistics operates approximately 500 locations across North America, South America, Europe and Asia. Penske's supply chain and logistics solutions include dedicated contract carriage, distribution center and warehouse management, transportation management, lead logistics, freight management and consulting.

When combined, Penske Transportation Solutions, headquartered in Reading, Pennsylvania, has businesses that generate approximately $13 billion USD in annual revenue and employ approximately 44,700 associates worldwide.

Last updated: February 2024

We provide products and services that exceed our customers' expectations. Just ask the dozens of organizations that have recognized us for our superior performance.

Prized by Our Customers

We're thrilled that our solutions have produced real improvements and cost-effectiveness for our customers. The recognition we've received from them is just icing on the cake:

• PepsiCo Worldwide Flavours honored Penske Logistics with its 2011 Operational Excellence Award for transportation management services.
• Penske was awarded the 2013 Ford Motor Company World Excellence Award. It is the fourth World Excellence Award from Ford in company history.
• Scotts Miracle-Gro Company honored Penske Logistics with the 2010 Outstanding Service Excellence Award, for superior dedicated contract carriage services, inbound and outbound.
• Back-to-back-to-back Whirlpool Corporation Warehousing 3PL Supplier of the Year: 2009, 2010 and 2011. Named 2011 Specialty Service Supplier of the Year.
• Emerson's Marquee Supplier Award
• Eaton Corporation's Premier Supplier Award
• Eastman Chemical's Supplier Excellence Award
• General Motors Corp. four-time Global Logistics Supplier of the Year
• Hewlett Packard Freight Cost Management Award
• Kent H. Landsberg Company Supplier of the Year Award, Asia
• Merck & Co. Inc.'s Sector Operational Award - U.S. & Europe
• Procter & Gamble three-time QAKE Award for Quality
• 2011 Delphi Above & Beyond Award, for distribution center management services

Industry Wide Recognition

We're proud of the recognition we have received from industry organizations and trade magazines:

• Penske Logistics, North America 3PL of the Year, Automotive Supply Chain Magazine
• Warehousing Education and Research Council (WERC) certification for Whirlpool Corporation regional distribution center in Perris, Calif., signifying industry best operational practices
• Voluntary Interindustry Commerce Solutions Association (VICS) Collaborative Commerce Awards ranked us as the Best in Third-Party Logistics
• Perennial placement in top 10 of Inbound Logistics Top 100 3PL (Third-Party Logistics) Provider list
• Top 100 Motor Carrier, Inbound Logistics magazine
• Inbound Logistics Green 75 Supply Chain Partner
• Expansion magazine ranks Penske among its 500 most-important businesses in Mexico (2009 and 2010)
• Logistics Management magazine gave us its Quest for Quality Award
• SupplyChainBrain magazine consistently ranks us among the Top 100 Great Supply Chain Partners
• Eye for transport's Best 3PL for Pharmaceuticals, Chemicals & Hazmat Award
• Food Logistics Top 85 3PL provider list
• InformationWeek 500 listing for innovative technology practices, 16 straight years. Ranked fourth in 2013.
• Three consecutive U.S. EPA SmartWay Affiliate Challenge Awards, Penske Truck Leasing
• Penske Logistics earned U.S. EPA SmartWay Excellence Award
• First-ever U.S. EPA Clean Air Excellence Award, Penske Truck Leasing
• Penske Logistics ranked in top tier of carbon efficiency by U.S. EPA SmartWay program
• National Excellence Training Award for truck maintenance training by Automotive Training Managers Council (ATMC)
• G.I. Jobs + Military Spouses (Victory Media) Top 100 Military-Friendly Employers
• Supply and Demand Chain Executive Magazine Green Supply Chain Award
• Food Logistics Magazine Top 3PL and Cold Storage Providers List

As an industry leader, we have a passion for progress. We are guided by a deep sense of responsibility to our customers, associates, and communities and are committed to continually challenging ourselves and our partners to exceed expectations.

Consistent with our core values, we focus on safe, responsible operations and delivering practical and sustainable solutions that reduce waste, emissions and preserve precious resources as we work toward the decarbonization of our industry.

We are committed to moving the world forward in a way that is good for people and our planet.

Vehicle Decarbonization

We have been operating alternative fuel vehicles for more than 30 years, and now have one of the largest and most diverse electric vehicle test fleets in the industry. We are reducing the environmental impact of the Penske fleet in the following ways:

• Collaborating with original equipment manufacturers to design and test electric vehicles
• Maintaining a , ensuring vehicles feature the latest emissions reduction technologies
• Assisting customers by and to enhance fuel efficiency and cut carbon emissions
• Expanding our renewable diesel utilization

Check out Penske's electric fleet in action:

Sustainable Facilities

Penske is committed to reducing the environmental impact of our locations—from the way our buildings consume energy to the way we power our essential equipment. Here are just some of our strategies:

• Building and operating North America’s first heavy-duty electric vehicle charging network
• Increasing the amount of energy consumption from renewable sources verses non-renewable sources year over year
• Growing our number of LEED-certified buildings featuring sustainable design, construction and operation
• Identifying carbon mitigation actions at customer managed by Penske
• Implementing focused recycling initiatives across virtually all waste streams, including tires, oil, filters, antifreeze, batteries, scrap metals and more.
• Using new water conservation technologies and practices in our vehicle washing operations
• Utilizing lower VOC emission paint in our collision repair centers
• Equipping consumer rental customers for

Awards and Partnerships

Penske has participated in the U.S. Environmental Protection Agency’s since 2008. We are a seven-time EPA SmartWay Affiliate Challenge Award winner, six-time EPA SmartWay Excellence Award winner, EPA SmartWay 2024 High Performer for the Carrier category.

As one of more than 1,300 partner organizations voluntarily using billions of kilowatt-hours of green power annually, we proudly participate in and support the .

We are also a founding sponsor of the annual , a no-cost report that serves as the leading source of information on sustainable technology decisions being made by America’s on-road fleets.

Additional recognitions for sustainability efforts include:

• 2026 Certified Green Buildings Award – Penske Logistics Livonia
• 2024 Local Market Leadership Award – PTL Channahon
• US EPA – Clean Air Excellence Award
• Food Logistics Magazine Top Green Provider
• Supply and Demand Chain Executive Green Supply Chain Award
• Inbound Logistics Magazines Green Supply Chain Partner

Penske's bright yellow trucks are a beacon of hope when disasters strike.

We work behind the scenes with major relief agencies to transport emergency relief and supplies. We support our customers and local non-profit groups with rental vehicles to help them deliver items to those in need.

We've supported hundreds of charities over the years, including Toys for Tots, Habitat for Humanity, Support Military Families, Ronald McDonald House, Boys and Girls Clubs, Paralyzed Veterans of America, Salvation Army and the American Red Cross, among others.

As we celebrated Penske's 50th anniversary in 2019, we spotlighted associates who made a difference in their communities through our "50 Stories of People Helping People" series on our "Move Ahead" blog. A selection of those stories is listed below:

• Associates Provide Thanksgiving Meals for More than 150 Pennsylvania Families
• Penske Associates Drive Pennsylvania Habitat Renovation Project
• Penske Associates "Leaf" a Legacy of Environmental Stewardship
• Penske Honored by Olivet Boys & Girls Club
• Penske Associate Efforts Help Kids and Families at Ronald McDonald Houses
• Penske Associates Team Up to Raise Funds for St. Jude Children's Research Hospital
• Toronto Associates Serve Up Meals and Fellowship to Area Homeless
• Penske "Sleigh" Brings Holiday Cheer to Military Families

We're People Helping People Move Ahead

Penske associates go the extra mile for their communities every day.

For more than 50 years, we have been a company that takes pride in helping others move ahead, and we couldn't do it without the generous efforts of our associates and customers. Across the country and the world, our team of passionate and hardworking people have offered their time, effort and resources to their communities. Some of it is visible, but much goes on quietly behind the scenes.

This video highlights a small sample of how we truly are people helping people move ahead.

Penske Transportation Solutions, Penske Truck Leasing, Penske Truck Rental, Penske Used Trucks and Penske Logistics are committed to community service and volunteerism.

The Penske Code for Business Conduct reinforces our commitment to doing business in accordance with the highest legal and ethical standards. The Code sets forth general principles on key integrity issues and guides associates in upholding our ethical commitment. A copy of Penske's Code for Business Conduct can be found .

Business ethics and integrity concerns?
Contact us.

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Penske has continued to grow and support a diverse supplier purchase base. As a company, we understand the importance of weaving diversity and inclusion efforts throughout the organization, so it becomes a natural way of doing business. Penske continues to increase its spend with diverse suppliers.

Penske supports a diverse supplier purchase base. These vendor relationships are mutually beneficial by:

• Building community spirit
• Driving innovation and growth
• Enhancing performance and providing new markets
• Promoting good citizenship and fostering understanding
• Improving the customer experience

In order to create a relationship that truly is beneficial to the supplier and to our customers, we make sure our suppliers:

• Represent the highest quality service and goods
• Offer skills and perspectives that enhance our business
• Have acceptable third-party certification

Some of the products and services we secure from diversity suppliers include:

• Third-party trucking carriers
• Outside maintenance services
• Temporary staffing
• Facility and grounds services
• Telecommunications support
• Consulting services

Our mission in partnering with a diverse supplier purchase base is to combine the skills and perspectives of a broad network of businesses to support a positive environment of inclusiveness and cooperation. We believe that supporting diversity and inclusion will:

• Reflect the communities we serve
• Enhance the excellence that defines us
• Help deliver a higher quality service to our customers

If your business meets Penske's diverse supplier requirements, submit your company's information below.

(PDF)

Supplier Profile Form (PDF)

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Penske is a company where people help people move ahead. One way we do this is by promoting a culture and an environment that embraces diversity and inclusion. As a result, we are a stronger, more competitive company that better reflects the customers and communities we serve around the globe.

Brian Hard, President and CEO - Penske Truck Leasing

Diversity and Inclusion Mission Statement

Penske is a global company with diverse customers, businesses and associates. We will improve and grow our businesses by supporting a work environment that is diverse, inclusive and respectful, so we can draw from the talents, backgrounds and varied perspectives of all our associates.

This inclusive culture will enhance our ability to attract and retain the most talented leadership and workforce, thereby enabling us to better serve and broaden our customer base, and will solidify our status as the best provider of transportation support and supply chain management services.

We don't just understand our customers' businesses, we're embedded in them — and we're driven to help them succeed every day.

We started in 1969 with three locations in Pennsylvania, and today we help thousands of customers at nearly 1,480 locations across the globe.

We Keep Them Moving

When customers choose Penske, they get a partner who is committed to their success. We get to know our customers' needs and create custom plans that keep them moving forward – because life and business wait for nothing.

We Keep Them Informed

Whether to move across town or searching for seamless visibility into complex operations – our proprietary online tools and applications save our customers time and money.

We Keep Them Safe and Compliant

Our more than 439,300 vehicles are among the newest and safest in the industry. We have an industry-leading team of technicians and transportation professionals. Our expertise helps customers easily navigate complex industry regulations.

We Live our Brand Through our Brand Values

We have a passion for PROGRESS.

We know the power of PARTNERSHIP.

We are guided by deep sense of RESPONSIBILITY.

We take pride in associate LEARNING.

We understand we're made stronger by DIVERSITY.

Last updated: February 2024

With more than 439,300 vehicles that we maintain and nearly 1,480 Penske locations, we partner with you to meet your changing business demands and keep your company growing. Read more about .

Innovative Global Logistics

Earning us a rank in the Top 100 Great Supply Chain partners by Global Logistics and Supply Chain Strategies, our drives innovation and progress for your business.

Fresh Thinking for Every Challenge

We work closely with you to address your toughest challenges and create opportunities for your company. Our search for leading-edge solutions includes everything from implementing productivity-driven technology to defining optimum fleet performance strategies. Read more on our company and real-life challenges.

Tools for Flawless Moves

We offer high-quality and great value, as well as all the information you need to arrange a hassle-free move. Explore our truck .

Quality Used Truck Sales and Support

Penske Used Trucks offers well-maintained vans, trucks, tractors and semi-trailers for immediate purchase. With locations nationwide and a variety of trucks in inventory, buyers are sure to find the right vehicle for their needs. View our full range of quality for sale.