Photo courtesy of Penske Truck Leasing
Roger S. Penske, left, chairman of Penske Transportation Solutions, and Brian Hard, president and CEO of Penske Transportation Solutions, pose for a 50th anniversary photo.

Penske Truck Leasing celebrates 50th anniversary

Dec. 3, 2019
The company was founded in 1969 by Roger Penske in Reading, Pa.

Penske Truck Leasing (PTL) marked its 50th anniversary. Penske Truck Leasing was founded in 1969 by Roger Penske in Reading, Pennsylvania. The company was created through the acquisition of a car and light truck rental and leasing business with three locations in eastern Pennsylvania. To help commemorate the company’s 50th anniversary, the Pennsylvania State Senate declared December 1, 2019, as Penske Truck Leasing Day.

Through the years, PTL has grown its business both organically and through acquisitions. Today, the Company generates $8.4 billion in annual revenue and operates a global platform that includes 1,100 locations, 37,000 associates, and a fleet of 326,000 vehicles.

Recently, Penske Truck Leasing introduced a new corporate brand, Penske Transportation Solutions, which reflects the breadth and depth of its increasingly diversified transportation businesses. Going forward, Penske Transportation Solutions will be the new brand name for PTL’s business lines that include truck leasing, truck rental, logistics, transport systems, and vehicle services.

“Our success has always been driven by our talented and highly motivated associates who dedicate themselves to making the needs of our customers their top priority,” said Roger S. Penske, chairman of Penske Transportation Solutions. “I am grateful to our talented associates around the globe for the contributions they have made to the success of the Company.”

“We are proud of the businesses we’ve built and we are also appreciative of how our success has enabled us to give back and reinvest in our communities, especially here in Reading, Pennsylvania, where we remain headquartered,” stated Brian Hard, president and CEO of Penske Transportation Solutions. “As we look to the future, we will continue to invest significantly in technologies that are truly shaping the future of mobility. This includes investments in digitalization, advanced vehicle safety features, fleet maintenance, connected fleet technologies, electric vehicles, and other emerging platforms.”

Sponsored Recommendations

Fleet Maintenance E-Book

Streamline your fleet's maintenance and improve operations with the Guide for Managing Maintenance. Learn proven strategies to reduce downtime, optimize in-house and third-party...

Celebrating Your Drivers Can Prove to be Rewarding For Your Business

Learn how to jumpstart your driver retention efforts by celebrating your drivers with a thoughtful, uniform-led benefits program by Red Kap®. Uniforms that offer greater comfort...

Guide To Boosting Technician Efficiency

Learn about the bottom line and team building benefits of increasing the efficiency of your technicians in your repair shop.

The Definitive Guide to Aftertreatment Diagnostics

Struggling to clear aftertreatment fault codes? Learn more about different aftertreatment components, fault codes, regen zones, and the best maintenance practices to follow.