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February 7, 2012 9:00 AM, EST
Penske Plans to Hire 3,500 This Year
Penske Truck Leasing

Penske Truck Leasing and Penske Logistics plan to hire 3,500 employees in the United States and Canada this year.

Increased demand for Penske’s truck leasing and logistics services are the main reason for the hiring, said Ron Schwartz, staffing director at the Reading, Pa.-based company.

“We definitely have seen an increase in logistics [demand] as more product moves and the economy makes a slow turnaround,” Schwartz said, adding that Penske “will hire everyone from diesel technicians to drivers, to people in our warehouses [and] sales and customer service at our rental counters.”

About 3,300 hires will be in the United States, with another 200 in Canada. Hiring will include metropolitan areas such as Dallas, Houston, Philadelphia, New York, Detroit and Chicago, Schwartz said.

Penske is also on the lookout to hire an additional 600 drivers, Schwartz added, noting that the majority of its drivers have routes and assignments that get them home every night, which should help with driver recruiting.

“We’ve taken part in the last year and a half in serious market focus groups and have done salary surveys,” Schwartz said. “So, we’ve looked at this, and we believe our compensation and benefits are very competitive.”

Penske, with more than 1,000 locations across the country, said many of the new hires will work in truck leasing.

Since Penske is private, it does not disclose the breakdown of its revenue from leasing and revenue, but spokesman Alen Beljin told Transport Topics that logistics is a minority of the company’s overall business.

In October, a report sponsored by Penske Logistics concluded that logistics executives believe their businesses will continue to grow, but will face pressures to find new product sourcing options and talented workers.