industry resources

Aftertreatment systems on Class 8 trucks are often a source of common faults, and some faults tend to occur more frequently in the winter months due to colder temperatures and increased moisture. Proper precautions and proactive preventive maintenance can keep equipment functioning as temperatures drop.

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Shippers are reassessing their sourcing, production and distribution strategies to increase supply chain resiliency, control costs and minimize the risks from geopolitical uncertainty. Shifting production and sourcing locations can also help shorten lead times and reduce emissions. Changing freight patterns can increase capacity needs, and fleets may need to add equipment to meet changes in demand.
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For the past 11 years, companies have been increasing the number of shipments, as well as the volume and value of their in-house transportation freight movements, in an effort to gain greater control over their supply chains, improve service and manage costs.

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Snow, ice and freezing temperatures can increase the risk of downtime for all vehicles if the equipment and fuel that power them aren’t properly maintained. Breakdowns can result in delayed drivers, missed deliveries and poor customer service.

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Uptime is always critical, but it becomes even more so during peak season. Keeping equipment running and ensuring enough capacity to meet heightened demand can keep freight moving.

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Strategic decision-making relies on data, and business leaders want to know they can trust the information they receive. Data reliability is becoming even more important as use of artificial intelligence (AI) and machine learning (ML) increases. In the 2024 KPMG Infrastructure and Transport CEO Study by KPMG, only 40% of sector CEOs say they are confident they have their data ready to safely and effectively integrate generative AI.

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Fleets interested in reducing carbon emissions have a range of options available today and can layer in mid- and long-range strategies to meet their operational and environmental goals.

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Higher equipment costs combined with regulatory and economic uncertainty often push fleets to hold onto Class 8 trucks beyond their typical trade cycles. While extending trade cycles can reduce capital expenses, fleets often run into an economic tipping point where running older trucks begins to drive operating costs higher. As trucks age, fuel efficiency declines, maintenance costs rise and downtime can become more frequent.

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Adopting new equipment technologies, whether they are the latest generation of diesel engines or alternative-energy vehicles, can bring both opportunities and risks. These technologies can help fleets achieve their operational, environmental and compliance goals. However, they often come with higher upfront costs, uncertainty around performance and maintenance, and complex infrastructure requirements. Strategic partnerships can help fleets manage these challenges by mitigating risk, validating solutions and controlling costs.

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With shifting economic pressures, evolving regulations and volatile trade conditions, agility has become a top priority for fleets. Leased trucks offer a flexible, cost-effective tool fleet operators can use as they plan for the year ahead. Incorporating leasing into strategic planning can unlock capital, simplify operations and enhance adaptability.

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Freight and shipping needs can change rapidly, and having the right people in place can provide businesses with the agility they need to pivot when demand shifts, new opportunities emerge or challenges arise. Increased flexibility is becoming increasingly important amid growing uncertainty.

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A collision of any kind can create a stressful situation for fleets. Lost time, repair costs and quality are all concerns, and choosing the right collision repair facility is critical to minimizing downtime and ensuring the integrity and safety of equipment. Not all repair centers are created equal, especially when it comes to heavy-duty vehicles like Class 8 trucks.

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Sudden spikes in demand, increased inventory holding requirements or the need to pull ahead freight can all strain capacity. Strategically utilizing trailers offers a flexible, scalable solution that allows fleets to quickly adapt to changing transportation or storage needs without the long-term costs of adding trucks or leasing warehouse space.

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Branding commercial trucks and trailers can make equipment stand out, increase brand visibility and reinforce a fleet’s market presence. There are several ways fleets can ensure their name, logo and identity are prominently displayed on equipment, whether it is leased, rented or owned.

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Inflation, changing trade policies, regulatory requirements and OEM costs are just some of the factors that can drive the cost of equipment higher. As equipment costs increase, many fleets adjust their trade cycles on owned equipment and operate it for a longer period of time. As equipment ages, regular and comprehensive maintenance becomes even more critical to ensure peak performance and extend its operational life.

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The trucking industry tends to be cyclical, often fluctuating between periods of overcapacity and tight markets. When the market shifts and capacity becomes tight, spot rates can surge, making it difficult to book a load. Shippers who are considered a shipper of choice are better positioned to secure space and ensure their freight gets where it is going.

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Data, analytics and artificial intelligence are becoming essential tools in fleet management, and fleet leaders are leveraging technology to enhance operations and boost efficiency.

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Leasing provides fleets with scalable capacity and fixed monthly payments, freeing up capital and increasing flexibility. Both short- and long-term leases allow companies to align their fleet size to business demands so they can adapt quickly to market shifts and maintain consistent service, enabling them to future proof their supply chain.

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Maintaining proper wheel alignment has a direct effect on safety, fuel efficiency and performance. Alignments require fine-tuning the suspension system that connects the truck to its wheels to ensure that all tires meet the road at the correct angle.

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Whether it is a spike in demand, a need to move up shipments or a sudden opportunity, fleets that need additional capacity want to add equipment quickly. Having flexibility is becoming even more important amid increases in geopolitical and trade-related uncertainty, shifting consumer demands and supply chain disruptions.

Penske has equipment on the ground and ready to go, along with several programs designed to help carriers access the equipment they need when they need it.


Full-Service Leases

Leasing is one of the most effective ways to increase operational flexibility. Our full-service leasing programs, which include both long- and short-term options, allow businesses to scale up or down without the long-term commitment of ownership. Leasing also provides cost predictability with fixed monthly payments. Additionally, maintenance is included, further simplifying budgeting. Fleets that lease typically have shorter trade cycles than those that own equipment, according to the National Private Truck Council’s Benchmarking Survey, giving them access to newer, more fuel-efficient models with the latest safety technologies.

Sell2Lease

Fleets that are ready to transition from owned trucks to fully maintained, late-model equipment via a leasing model can use our Sell2Lease program. As part of the program, Penske buys the fleet’s current trucks, regardless of age or condition, and replaces them with a full-service leasing model. The straightforward program provides a simple, seamless process for fleets to upgrade their equipment without the hassle of managing resale or vehicle depreciation.

Rental Trucks

Rental trucks are an ideal solution for fleets that want maximum short-term flexibility. Similar to leasing, renting eliminates the need for the upfront investment and long-term financial obligations associated with ownership. Rentals can also offer shorter terms than leases. Fleets benefit from being able to rent trucks only when needed, without worrying about storage during downtime, licensing, insurance or maintenance. We have more than 100,000 commercial rental vehicles available, including high-roof cargo vans, straight trucks with liftgates and Class 8 tractors.

Used Trucks

For businesses that prefer to build their fleet through ownership, we offer a selection of pre-owned equipment for sale. Most units have been owned by us and come with well-documented maintenance histories. We offer transparent pricing, detailed condition reports and flexible purchasing options, including online vehicle auctions. Buying used trucks can offer significant financial advantages, such as lower monthly costs and the ability to build equity in the asset. Ownership also provides full operational control with no mileage restrictions, the freedom to set the maintenance schedule, and the opportunity to take advantage of tax benefits such as depreciation and interest deductions.

Lease and Rental Trailers

In addition to trucks, we also offer full-service rental and leasing of trailers, including 48 and 53 foot dry vans and 53 foot refrigerated trailers and flatbeds. Trailers can help fleets expand capacity quickly, support drop-and-hook operations to minimize driver downtime, and facilitate cross-docking to streamline cargo transfers. Rented or leased trailers offer a scalable, cost-efficient alternative to investing in more trucks or warehouse space so fleets can meet changing transportation and storage needs without long-term commitments. All leases and rentals include trailer maintenance and roadside support.

Work With Us

To learn more about how our different business lines can offer stability even when instability abounds, contact us today.