Penske Orders 1,350 New SCR Tractors from Freightliner, Volvo
Company Cites Rising Demand
By Frederick Kiel, Staff Reporter
This story appears in the May 17 print edition of Transport Topics. Click here to subscribe today.
Penske Truck Leasing Co. said that it has ordered 750 new Freightliner Cascadia tractors and 600 VN670 tractors from Volvo Trucks North America, all with 2010 selective catalytic reduction emissions technology, partially because of growing freight demand.
“We’re adding the Freightliner and Volvo units to our commercial truck rental fleet for two reasons,” Randy Ryerson, spokesman for parent company Penske Corp., Reading, Pa., told Transport Topics.
“First, it’s part of our planned regular refreshment of our truck rental fleet,” Ryerson said. “Penske’s philosophy is to always run the newest vehicles, as they provide better fuel economy and reduced emissions as well as more uptime, greater driver comfort and safety.”
He said the second reason was that “we’re also seeing increased demand for commercial rental trucks.”
“Over the last three months, we’ve seen improving demand for commercial rental trucks, and we are currently experiencing a high fleet utilization rate,” Ryerson said. “We attribute this to gradually improving economic conditions and improving freight volumes.”
Daimler Trucks North America, parent company of Freightliner, announced the orders from Penske on May 3, while Volvo issued a statement on May 4.
Ryerson confirmed the numbers issued by both companies.
“We selected these two brands because they meet the 2010 emission standards and because they provide a good value from a total cost of ownership perspective,” Ryerson said.
“The majority of the Freightliner and Volvo units are destined for our commercial truck rental fleet,” he added. “The others will go into the fleets our customers lease from us. These newer units will help us replace the existing 2005 tractors in our commercial rental fleet.”
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