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.
May 1, 2019BusinessLogisticsTop 100
Penske Logistics to Buy Epes Transport
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.
June 20, 2018BusinessLogistics
Kroger Switches to Penske to Handle Trucking, Warehousing in Texas
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, 2017Business
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, 2017BusinessEquipment
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, 2017Business
Penske Logistics Expands Role With Detroit Diesel
Penske Logistics won new business with Detroit Diesel Corp. to support supply chain operations at DD's engine, transmission and axle facility in Redford, Mich.
July 10, 2017BusinessLogistics
US Appeals Court Upholds Calif. Meal Break Law in Penske Case
A U.S. appellate court last week upheld a California law requiring employers to provide a paid 30-minute meal break for employees working more than five hours, reversing a lower court that had ruled a federal law pre-empted the state requirement for truckers.
July 14, 2014