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Penske Truck Leasing Co., L.P. - Company Profile

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Penske Truck Leasing Co., L.P. - Overview

Brands
Penske
Description
Penske Truck Leasing is a public company headquartered in Pennsylvania with an estimated 64,000 employees. In the US, the company has a notable market share in at least one industry: Truck Rental, where they account for an estimated 15.4% of total industry revenue and are considered an All Star because they display stronger market share, profit and revenue growth compared to their peers.
Company Details

Registered Name: Penske Truck Leasing Co., L.P.

Company Type: Other

Headquarters: 2675 Morgantown Road Reading PA 19607

Employees: 64000

Penske Truck Leasing Co., L.P. - Operating Industries and Main Competitors

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Penske Truck Leasing Co., L.P. - Products and Services

  • Truck Rental in the US

    • Of the 4 core revenue-generating products and services in the Truck Rental in the US industry, Penske Truck Leasing Co., L.P. offers:
    • Other vehicle and equipment rentals and leases
    • Truck and trailer leases
    • Truck and trailer rentals
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Penske Truck Leasing Co., L.P. - Analyst Insights

Penske Truck Leasing has acquired DeCarolis Truck Rental

In December of 2021, Penske Truck Leasing Co. LP (Penske) completed its acquisition of DeCarolis Truck Rental, Inc (DeCarolis). The acquired company, based out of Rocester, New York, provides full-service truck leasing, rental, maintenance and repair services. The business will fit well with Penske’s, adding approximately 2,350 tractors, trucks and trailers to Penske, along with several facilities in Upstate New York.

M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Penske Truck Leasing Co., L.P. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Penske Truck Leasing Co., L.P.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Truck Rental in the US industry.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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