Penske Units Join EPA SmartWay Program and Earn Highest Rankings

READING, Pa., October 13, 2008 - Penske Truck Leasing today announced its collective support and participation in the SmartWay SM Transport Partnership, an innovative collaboration between the U.S. Environmental Protection Agency (EPA) and the freight industry designed to increase energy efficiency and reduce greenhouse gases and air pollution.

Penske will contribute to the partnership's goal to reduce 33 to 66 million metric tons of carbon dioxide and up to 200,000 tons of nitrogen oxide per year by 2012 by improving the environmental performance of its fleet and freight operations and also promoting program awareness among its expansive customer base.

Launched in February 2004, the SmartWay Transport Partnership aims to achieve fuel savings of up to 150 million barrels of fuel per year. The partnership brings together major freight shippers, trucking companies, railroads, logistics companies and trade and professional associations to pursue mutually beneficial efficiencies that result in emissions reductions and other environmental improvements, as well as cost savings. Penske's logistics and truck rental operations have earned the highest EPA Performance Scores of 1.25 representing outstanding environmental performance. Both are using most of the commercially available fuel saving strategies and actively evaluating the latest fleet technologies.

In a related matter, Penske Truck Leasing also named Joe Moleski to the newly created position of Vice President – Sustainability. He will be responsible for overseeing the organization's environmental improvement efforts.

"We are very pleased to be a part of SmartWay," said Moleski. "We are already working to drive a number of internal initiatives designed to help our customers meet their environmental goals and fuel cost and emission savings while working toward our own commitments to operate even more responsibly as it relates to the environment."

Previously, Moleski served as an Area Vice President for 14 years in the company's Northeast Area. He holds a bachelor's degree in accounting from Seton Hall University and resides in East Longmeadow, Mass.

Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint venture among Penske Corporation, Penske Automotive Group 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.