Penske Truck Leasing Opens New Location in Lancaster, Pa

READING, PA (May 13, 2005) - Penske Truck Leasing announced today that it opened a new facility at 1930 Lasalle Avenue, Lancaster, Pa. that will offer full service leasing, contract maintenance and commercial and consumer truck rental services.

The 17,800 square foot facility was built on nine acres of land and will employ approximately 45 associates from in and around the Lancaster area. It can effectively handle maintenance on over 1,000 vehicles and has a two-lane fuel service island that provides diesel and gasoline. The facility replaces two smaller lease facilities that were located in East Hemfield township.

"Our new Lancaster facility gives us more working space and state-of-the-art equipment that will enable us to serve our customers more effectively," said Jack Gallagher, Area Vice President. "Additionally, by consolidating two facilities into one, the company will benefit from reduced facility costs."

Location hours for rental services at Penske's new location are 7 a.m. to 6 p.m. on weekdays, 7 a.m. to 3 p.m. on Saturday and 8 a.m. to noon on Sunday. Maintenance services are available from 5 a.m. to 11:30 p.m. on weekdays and 7 a.m. to 3 p.m. on Saturday. Office hours are 8 a.m. to 5 p.m. on weekdays.

For additional information about the facility and the services available, contact Don Metcalf, Corporate Communications Manager, at (610) 775-6001 or don.metcalf@penske.com.

Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint venture of Penske Corporation and General Electric. A leading global transportation services provider, the company operates more than 200,000 vehicles and serves customers from nearly 1,000 locations in the United States, Canada, Mexico, South America, and Europe. Product lines include full-service leasing, contract maintenance, commercial and consumer truck rentals, transportation and warehousing management, and supply chain management solutions. Penske Truck Leasing's annual revenue is approximately US $3.7 billion. The company can be reached at www.pensketruckleasing.com.