Acquisition adds 1,400 trucks and trailers to fleet
Penske Truck Leasing, based in Pennsylvania (USA), is set to acquire Old Dominion Truck Leasing (ODTL), headquartered in Richmond VA, subject to customary closing conditions.
ODTL serves 360 customers in diverse industry sectors from eleven locations in five US states. The company’s products and services align well with Penske’s existing service offering that includes full-service truck leasing, truck rental, contract fleet maintenance, and dedicated contract carriage.
The acquisition of ODTL adds approximately 1,400 tractors, trucks and trailers to Penske's fleet. (ben)