Penske Logistics said it reached agreement to buy third-party logistics firm Transfreight North America from Mitsui & Co. Terms were not disclosed.
March 23, 2015Business
Mitsui Buys 20% Stake in Penske Truck Leasing
Japan’s Mitsui & Co. has acquired a 20% stake in Penske Truck Leasing Co. from General Electric Capital Corp.
March 19, 2015Business, Government
ATA Files Brief in Support of Penske Meal Break Case
American Trucking Associations and Airlines for America on Feb. 9 filed an amicus curiae brief with the U.S. Supreme Court in support of a request by Penske Logistics that the high court overturn an appeals court decision upholding California’s meal-break law.
February 10, 2015Business
Penske Taps Trucking Executive Richard Shearing to Lead Commercial-Vehicle Business
Penske Automotive Group said Feb. 9 it has hired trucking executive Richard Shearing to be president of its newly formed Penske Commercial Vehicles US business.
February 9, 2015Business
Penske Used Trucks Doubles Dealer Locations
Penske Used Trucks said it has doubled its commercial truck dealerships in North America with new locations in Dallas; Conyers, Georgia, in the metro Atlanta area; and in Mississauga, Ontario.
January 22, 2015Business
Penske Logistics Takes California Meal-Break Law to Supreme Court
Penske Logistics filed a formal petition with the Supreme Court on Jan. 6 asking the justices to review a 9th U.S. Circuit Court of Appeals decision on the legitimacy of California’s meal-break law.
January 7, 2015Business, Logistics
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, 2014Business
Penske Completes $200 Million Purchase of Australian Truck Dealership Group
Penske Automotive Group said Aug. 30 it has completed its $200 million purchase of Australian truck distributor that sells a variety of truck brands.
August 30, 2013Business
Penske Buys 500 Freightliner Tractors
Penske Truck Rental said it is adding 500 new Freightliner Cascadia semi-tractors to its commercial truck rental fleet.
May 8, 2013Business
Penske Plans to Hire 3,500 This Year
Penske Truck Leasing and Penske Logistics plan to hire 3,500 employees in the United States and Canada this year.
February 7, 2012