Penske Logistics / Penske Truck Leasing
Reading, PA · Founded 1969 · 418,000+ vehicles (leasing and logistics combined) · 48 states, Canada, Mexico, Europe
Company Overview
Penske Logistics is the dedicated contract carriage and supply chain division of Penske Corporation, one of the world's largest vehicle leasing and fleet management companies. Penske drivers operate dedicated routes for major retailers, manufacturers, and distributors, with most positions offering local or regional work with daily home time. The equipment is always well-maintained since Penske is in the fleet maintenance business. Driving for Penske is often compared to driving for Ryder, with similar hourly pay structures and local/dedicated work.
Pay & Compensation
Solo Driver Pay
$22-$32/hr (local/dedicated)
Team Driver Pay
N/A
Owner-Operator Pay
N/A
Benefits & Perks
- Hourly pay with overtime
- Full medical, dental, vision
- 401(k) with match
- Paid time off and holidays
- Well-maintained leased equipment
- Multiple location options
Hiring Requirements
- Minimum Age
- 21 years old
- Experience Required
- 1 year
- CDL Class
- Class A or B depending on role
- Endorsements
- Varies by account
Pros & Cons
Pros
- Daily home time for most positions
- Hourly pay with overtime potential
- Excellent equipment maintenance
- Major corporate accounts with stable freight
Cons
- Pay ceiling lower than top OTR carriers
- Positions depend on customer accounts (may relocate if account lost)
- Some positions involve touch freight
- Limited advancement into management roles
Equipment & Operations
Equipment Types
Operating Region
48 states, Canada, Mexico, Europe
Home Time
Daily for most positions (local/dedicated)
Annual Revenue
$10.0 billion
Best For
Drivers who want local/dedicated hourly work with a major logistics company