Alternative Financing: Will your lender buy in to alternative fuel?
MONTREAL, QC -- Trucks that run on alternative fuels promise to be easier on the environment, but the equipment itself can be tougher on a capital budget. Consider natural gas. It’s historically cheaper than diesel, but the trucks that use it can cost an extra $50,000 to $100,000 over the price of their conventionally fueled counterparts, depending on the spec’s.
Penske rolls out ELD compliant app for rental trucks
READING, PA - With less than a month to go before the Electronic Logging Device (ELD) mandate takes effect in the United States, Penske Truck Leasing has released a new application (app) for its commercial rental customers to help them be compliant when on the road.
Penske opens new 12,000 sq.-ft. facility
DARTMOUTH, NS - Penske Truck Leasing has moved to new, larger digs in Nova Scotia. The truck leasing company announced the opening of their new 12,000 sq.-ft. facility in Nova Scotia's largest industrial park, situated near five 100-series highways, the Halifax airport, and port.
Truck-Lite Purchased, Penske Relinquishes Majority Interest
FALCONER, NY - Truck-Lite Co. has announced it is being purchased by an affiliate of Koch Equity Development LLC and BDT Capital Partners LLC and will partner with Penske Corp. The move will allow the commercial vehicle and filtration systems provider, owned by Penske and funds affiliated with the private investment firm Kelso & Company, to relinquish its majority control, while allowing Truck-Lite to expand with new products and services, according to a news release.
Delicate Balance Between Supply & Demand in Trucking: Report
LOMBARD, IL - A new report from the Council of Supply Chain Management Professionals (CSCMP) reveals that transportation costs were only up 3 percent in 2012 and suggests that the United States is no longer in recovery mode, saying it has reached a "new normal."