Penske Truck Leasing Opens Parsippany, N.J. Facility

READING, Pa., October 13, 2006 - Penske Truck Leasing yesterday celebrated the grand opening of a new facility in Parsippany, N.J., located on 600 Edwards Road. The 16,000 square-foot state-of-the-art facility, employing 36 associates, offers commercial and consumer truck rental services, full-service truck leasing and contract maintenance. About 100 leasing customers are handled at this location, and nearly 600 vehicles are maintained on-site.

The one-story building incorporates Penske Truck Leasing's new facility design elements, and features state-of-the-art technology, to enhance the customer experience.

Penske moved its truck leasing operations from a site in the Pinebrook section of Montville Township. A smaller, older building on this five-acre site was razed, making way for the new facility on a different portion of the property.

The facility cost approximately $5 million to construct, and has four service bays, a truck washing bay and a two-lane fuel island. The wireless technology component allows Penske service technicians to integrate various vehicle diagnostic and repair software.

"This beautiful new building will allow Penske Truck Leasing to provide expanded services to our customers in Morris, Essex, Sussex, Passaic and Bergen counties," said Bill Jacobelli, Senior Vice President - Northeast Region, Penske Truck Leasing. "This new structure is further proof of our commitment to our valued customers."

The service department, available at 973-575-0169, is open continuously Monday through Saturday, and is closed on Sunday; the rental department is open Monday through Friday, 7 a.m. to 6 p.m., Saturday from 8 a.m. to 2 p.m., Sunday from 8 a.m. to noon, and can be reached at 973-882-1600.

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, Penske operates more than 216,000 vehicles and serves customers from more than 1,000 locations in North America, South America, Europe and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, transportation and warehousing management, and supply chain management solutions. Visit www.GoPenske.com to learn more about the company and its products and services.