Penske Truck Leasing, founded in Reading, Pennsylvania by Roger Penske in 1969, recently launched a new corporate brand – Penske Transportation Solutions – while celebrating its 50th anniversary.
Apart from its "50 Stories of People Helping People" series to celebrate the milestone, Penske was supported by the Pennsylvania State Senate in declaring Dec. 1 as Penske Truck Leasing Day. The company has grown from three locations to more than 1,000, generating an annual revenue of more than $8 billion.
"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," Penske Transportation Solutions President and CEO Brian Hard said in a press release. "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."
Penske Transportation Solutions will be the umbrella brand for Penske Truck Leasing, Penske Logistics, Epes Transport Systems and Penske Vehicle Services.