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

DedicatedDry VanRefrigeratedLast Mile

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

Frequently Asked Questions About Penske Logistics / Penske Truck Leasing

Yes, they are very similar. Both offer dedicated contract driving with hourly pay, daily home time, and well-maintained equipment. The main differences are in specific customer accounts and terminal locations.

Most Penske Logistics driving positions pay hourly, ranging from $22-$32 per hour depending on the account, location, and CDL class required.

Penske uses a wide variety of equipment including Freightliner, Volvo, International, Kenworth, and Peterbilt trucks. Since Penske is in the leasing and maintenance business, all equipment is well-maintained and regularly cycled.

Company Snapshot

Rating: 4.0 / 5.0
Headquarters: Reading, PA
Founded: 1969
Fleet Size: 418,000+ vehicles (leasing and logistics combined)
Drivers: 12,000+ (logistics division)
DOT #: 123456

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