Penske's memo said notifications will come from management leaders if layoffs become necessary. The Team Penske racing shop was shuttered this past week after North Carolina governor Roy Cooper ordered all non-essential businesses to close. "If this thing isn’t over in five months, we’ve got bigger problems." "I took the road that gave us the longest distance, five months," Penske said. In an interview with the Associated Press on Saturday, Penske summed up the scenario. The Indianapolis 500 has been postponed to August.
#ROGER PENSKE AUTOMOTIVE SERIES#
The Ind圜ar Series season has been postponed until late May's Duel in Detroit at Belle Isle Raceway Park. ^ "Penske Used Trucks Doubles Dealer Locations".^ "Penske Logistics opens 606,000-square-foot food distribution warehouse in Romulus for Kroger".^ "Penske Logistics acquires Greensboro-based trucking firm".^ "Penske Logistics to Acquire Transfreight North America".^ "Penske Logistics - Logistics Planner Profiles - Inbound Logistics".
Penske Used Trucks is an operating unit of Penske Truck Leasing that sells off-lease trucks, semi-trucks, trailers, and other trucking-related equipment directly to businesses and to the used truck wholesale marketplace. Of note, Penske Logistics completed construction and opened a 606,000-square-foot refrigerated regional distribution center in Romulus, Michigan in June 2019. Both acquisitions were private transactions. Penske Logistics made two notable acquisitions in the last few years including that of Transfreight North America from Mitsui in 2015 and the acquisition of Greensboro, N.C.-based EPES Transport Systems in 2018. Marc Althen is the president of Penske Logistics. This subsidiary is also headquartered in Reading, Pennsylvania. Penske Logistics had 2018 revenues of $2.3 billion and is ranked among the top 20 for-hire trucking companies by industry publication Transport Topics. Penske Logistics provides supply chain management and logistics services such as dedicated carriage, distribution center management, transportation management, lead logistics, supply chain consulting, and freight brokerage services. Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing that has operations in North America, South America, Europe, and Asia. Penske's commercial and consumer rental vehicles are typically branded bright yellow with black lettering and blue stripes. In addition, the business unit also rents trucks ranging from 12 feet in length to 26 feet in length to consumers for do-it-yourself moves that are either local moves or one-way moves. Its truck rental fleet has more than 85,000 units. Penske rents commercial semi-trucks, straight trucks and semi-trailers to businesses that haul freight. Penske Truck Rental is an operating unit of Penske Truck Leasing that has more than 2,500 consumer truck rental locations across the United States and Canada. Subsidiaries and units Penske Truck Rental Penske truck with loading ramp down
Penske Truck Leasing Isuzu Elf in New York. The 15.5% stake was purchased by Penske and a subsidiary of Mitsui. In September 2017, General Electric sold the last of its stake in Penske for $674 million. Of note, Penske Truck Leasing has been investing in and expanding its fleet of commercial electric trucks and adding electric truck charging stations infrastructure to its locations. Brian Hard is the president and CEO of the company.
The company currently employs more than 36,000 workers worldwide and operates and maintains a fleet of more than 300,000 vehicles. The firm serves customers in North America, South America, Europe, Asia, and Australia among its services are full-service commercial truck leasing, truck fleet maintenance, truck rentals, and used truck sales. It is Penske’s flagship and best known division. Headquartered in Reading, Pennsylvania, the company was founded by Team Penske owner Roger Penske on December 1, 1969. is a joint venture of Penske Corporation, Penske Automotive Group, and Mitsui & Co.
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