Penske Truck Leasing Opens Facility in Bridgeport, N.J.

READING, Pa., November 15, 2006 - Penske Truck Leasing today celebrated the grand opening of a new facility in Bridgeport, N.J., located on 508 Heron Drive. The 15,500 square-foot state-of-the-art facility, employing 20 associates, offers commercial and consumer truck rental services, full-service truck leasing and contract maintenance. About 30 leasing customers are handled at this location, and nearly 650 vehicles are maintained on this 11-acre 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 Mickleton earlier this year.

The facility cost approximately $5.2 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.

"We are pleased to service our valued customers from this top-notch facility," said Bill Jacobelli, Senior Vice President - Northeast Region, Penske Truck Leasing. "We can now more effectively serve both business and consumer customers in the Southern New Jersey market."

The service department, available at 856-241-2036, is open Monday through Thursday from 6:30 a.m. to 11:30 p.m., from 6:30 a.m. to 9 p.m. on Friday, from 7:30 a.m. to 3 p.m. on Saturday, and from 3:30 p.m. to midnight on Sunday. The rental department, which can be reached at 856-241-8608, is open 8 a.m. to 5 p.m. Monday through Friday, and is closed on the weekends.

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 200,000 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.