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Latest Penske Corporation Stories

2014-10-15 16:21:42

BLOOMFIELD HILLS, Mich., Oct. 15, 2014 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that its Board of Directors has approved a cash dividend of $0.21 per share for the third quarter of 2014. The dividend is payable on December 1, 2014, to shareholders of record on November 10, 2014. Penske Automotive Group President Robert H. Kurnick, Jr., said, "We are pleased to offer our shareholders another increase...

2014-10-07 08:21:32

BLOOMFIELD HILLS, Mich., Oct. 7, 2014 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its third quarter financial results conference call as follows: WHEN: Wednesday, October 29, 2014 TIME: 2:00 p.m. Eastern Daylight Time PHONE: United States, please call (877) 260-8896...

2014-10-01 16:21:13

BLOOMFIELD HILLS, Mich., Oct. 1, 2014 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, announced today that it has completed the acquisition of MTU Detroit Diesel Australia ("MTU-DDA") from Daimler AG and MTU Friedrichshafen (an affiliate of Rolls-Royce Power Systems). MTU-DDA is expected to contribute an estimated $225 - $250 million in annualized revenue to Penske Automotive Group. The purchase price was financed using...

2014-09-22 16:21:01

SAN ANTONIO, Sept. 22, 2014 /PRNewswire/ -- Today, the 21(st) Annual Surveys of Third-Party Logistics Provider CEOs, sponsored by Penske Logistics, revealed that 3PL CEOs are confident about the current state and future revenue growth of their companies and the regional 3PL industries. The annual surveys, which this year included the CEOs of 27 of the world's largest 3PLs, found that approximately 75 percent of the companies involved in the surveys were profitable in 2013. North American and...

2014-09-15 16:21:24

Adds engine and power system distribution to complement existing truck distribution business BLOOMFIELD HILLS, Mich., Sept. 15, 2014 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, announced today that it has signed an agreement to acquire MTU Detroit Diesel Australia ("MTU-DDA"), a leading distributor of the world's finest diesel and gas engines and power systems, operating across the on- and off-highway markets in...

2014-08-12 16:21:38

READING, Pa., Aug. 12, 2014 /PRNewswire/ -- Brisbane, Australia-based Penske Commercial Vehicles has announced a new venture with U.S.-based Penske Truck Leasing, Co., L.P. to offer commercial truck rental services in Australia. The venture, Penske Commercial Leasing Australia will operate under the brand name Penske Truck Rental. http://photos.prnewswire.com/prnvar/20140812/135393 The collaboration combines Penske Truck Leasing's fleet operations expertise with the market knowledge...

2014-08-01 12:20:59

READING, Pa., Aug. 1, 2014 /PRNewswire/ -- Penske Truck Rental http://www.pensketruckrental.com/ has teamed up with uShip to provide do-it-yourself movers with a strong network to affordably ship items such as large cars, boats, motorcycles and other types of special care freight. Penske customers can save up to 50 percent via PenskeTruckRental.com. http://photos.prnewswire.com/prnvar/20130201/MM53144LOGO "Our customers require this type of service to transport hard-to-ship items to...

2014-07-30 12:22:12

READING, Pa., July 30, 2014 /PRNewswire/ -- Penske Used Trucks has opened a commercial truck dealership in Phoenix, at 2219 South 2nd Place. Used light-, medium- and heavy-duty trucks, trailers and related equipment will be sold from this 2.3 acre facility. The center is open 8 a.m. to 5 p.m., Monday through Friday. For local sales inquiries call 1-855-527-2320. http://photos.prnewswire.com/prnvar/20130201/MM53144LOGO This will be the company's third used commercial truck dealership...

2014-07-30 08:21:17

Most Profitable Quarter in Company History BLOOMFIELD HILLS, Mich., July 30, 2014 /PRNewswire/ -- Second Quarter 2014 Six Months 2014 ------------------- --------------- Revenue Increases 21.4% to $4.4 Billion Revenue Increases 21.1% to $8.5 Billion Same-store Retail Revenue Increases 12.7% Same-store Retail Revenue Increases 13.8% Income from...

2014-07-16 08:21:52

READING, Pa., July 16, 2014 /PRNewswire/ -- Penske Logistics has joined CargoNet to enhance its existing freight management security practices for its shipper customers. CargoNet helps prevent cargo theft and improves recovery rates through secure and controlled information sharing among theft victims, their business partners and law enforcement officials. CargoNet uses a national database and information-sharing system managed by crime analysts and subject-matter experts. CargoNet is...


Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.