The story of Penske Truck Leasing is one of visionary growth and relentless innovation, beginning in 1969 when racing legend Roger Penske acquired a small car and light-truck rental business in Reading, Pennsylvania. What started with just three locations has since evolved into a global transportation powerhouse. Over the decades, the company expanded its footprint through strategic acquisitions and partnerships, including a significant joint venture with Hertz in 1982 and later with GE Capital, solidifying its position as a leader in the industry.
Today, Penske Truck Leasing operates as a premier provider of transportation services, managing a fleet of over 440,000 vehicles and employing more than 37,000 associates worldwide. The company has diversified far beyond its rental roots, now offering full-service truck leasing, contract maintenance, and comprehensive logistics solutions through its subsidiary, Penske Logistics. With a commitment to cutting-edge technology, Penske is actively shaping the future of mobility by investing in electric vehicles, connectivity, and advanced fleet safety systems, ensuring they remain at the forefront of the transportation sector.