Penske Logistics

Business, Equipment, Logistics, Top 50, Top 100

Penske Announces Fleet Upgrade Leasing Program

Penske Truck Leasing Penske said selling an existing fleet eliminates carrying costs, which frees up capital for the business. (Penske Truck Leasing)

Penske Truck Leasing launched a program that lets carriers sell their old trucks so they can lease a new one, the company announced Dec. 7.

December 7, 2020
Business, Logistics, Top 50, Top 100

Penske Logistics to Acquire Black Horse Carriers

Black Horse Penske electric truck A Black Horse electric truck from Penske.

Penske Logistics announced it reached an agreement to acquire Chicago-based trucking company Black Horse Carriers Inc.

Roger Gilroy | Senior Reporter
December 2, 2020
Business, Technology, Equipment, Logistics, Top 50, Top 100

Penske Truck Leasing Expands in Vermont

Penske maintenance Maintenance being performed at a Penske facility. (Penske)

Penske Truck Leasing announced it opened a new facility in Essex Junction, Vt., to offer full-service truck leasing and contract truck fleet maintenance services.

October 9, 2020
Business, Equipment, Fuel, Logistics, Top 50, Top 100

Black Horse Carriers Joins Penske’s Electric Vehicle Program

Penske electric vehicle Penske Truck Leasing

Penske Truck Leasing announced that dedicated fleet services company Black Horse Carriers has joined its electric vehicle program.

August 17, 2020
Business, Logistics

Penske Logistics Opens Refrigerated Warehouse for Kroger

Penske Logistics truck Penske Logistics

Penske Logistics has opened a 606,000-square-foot refrigerated distribution center in Romulus, Mich.

June 10, 2019
Business, Technology

ACT Panel: Hydrogen Fuel Cells Face Off With All-Electric Batteries

Paul Rosa, senior vice president of procurement and fleet planning for Penske Truck Leasing Paul Rosa, senior vice president of procurement and fleet planning for Penske Truck Leasing at the ACT Expo panel discussion on alternative fuels. (Jim Stinson/Transport Topics)

LONG BEACH, Calif. — Many transportation executives see a role for electric trucks in the years to come, but the question of which power-delivery method will move to the forefront — pure-electric or hydrogen fuel-cell electric — remains open, experts said.

Jim Stinson | Staff Reporter
May 1, 2019
Business, Logistics, Top 100

Penske Logistics to Buy Epes Transport

Penske Logistics trailer (TT file photo)

Penske Logistics will acquire Epes Transport System, a Greensboro, N.C., dry-van truckload and dedicated contract carriage provider, with more than 1,100 drivers. Terms were not disclosed.

Burney Simpson | Staff Reporter
June 20, 2018
Business, Logistics

Kroger Switches to Penske to Handle Trucking, Warehousing in Texas

Penske Logistics tractor TT File Photo

Nearly 700 employees who work in a Kroger warehouse in Keller, Texas, were laid off when the supermarket chain terminated a relationship with SouthStar and signed with Penske Logistics, but Penske said individuals affected will be able to reapply for job

December 4, 2017
Business

Penske Automotive Group Raises Quarterly Dividend

Penske Automotive Group Inc. announced an increase in its cash dividend to 33 cents per share for the third quarter.

October 16, 2017
Business, Equipment

GE Sells Final Stake in Penske Truck Leasing to Former Partners

General Electric sold its remaining 15.5% equity stake in Penske Truck Leasing Co. to former partners Penske Automotive Group Inc. and MBK USA Commercial Vehicles Inc., a subsidiary of Mitsui & Co. for about $674 million.

September 11, 2017

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