Penske is a global transportation and logistics company founded in 1969, when Roger Penske acquired a small car and light-truck rental and leasing operation with three locations in eastern Pennsylvania. Over the following decades, the company expanded from that regional base into an organisation with a fleet exceeding 300,000 vehicles and operations across more than 1,000 locations spanning North America, South America, Europe, Asia, and Australia.
The company's core offerings cover the full spectrum of commercial transportation needs: truck rental, full-service leasing, fleet management, and comprehensive maintenance services. Penske also provides end-to-end logistics and supply chain solutions for businesses ranging from local enterprises to global corporations. The company describes itself as a pioneer of the full-service leasing model, which combines fleet management with ongoing maintenance under a single arrangement.
Penske has expanded into adjacent technology-driven areas, including commercial electric trucks and connected fleet technologies - telematics and connected vehicle systems designed to give operators greater visibility and control over their fleets. These capabilities sit alongside its traditional rental, leasing, and logistics operations, reflecting a broader scope in how the company serves commercial transportation customers.
