Penske Truck Leasing Introduces Penske Precision Plus - A Complete, Web-Based Fleet Management Solution

Fleet I.Q. and `My Fleet @ Penske' Provide Access to Critical Performance Data Enabling Optimized Fleet Performance and Productivity

READING, Pa., March 10 -- Penske Truck Leasing introduced its Precision Plus product today - a comprehensive fleet management system providing optimized fleet performance and productivity. Precision Plus includes Fleet I.Q., a Web-based fleet management system accessed through Penske's proprietary extranet, "My Fleet @ Penske."

Fleet I.Q. integrates XATA and ORBCOMM systems with Penske's extranet to access critical performance data including Vehicle Start/Stop Reports, MPG Performance Reports, Vehicle Location, Accident Reconstruction, Paperless Fuel Tax Reporting and Driver Logs, and Driver Communications. Data is instantly transmitted to My Fleet @ Penske where fleet managers can analyze the up-to- the-minute information necessary to monitor and manage a more productive fleet.

"An industry-wide demand to improve customer satisfaction, enhance fleet security and maximize productivity has created the need for a cost-effective, efficient fleet management solution," says Jim Feenstra, vice president of marketing, Penske Truck Leasing. "Precision Plus can increase up-time and lower transportation costs by increasing visibility and enabling fleet managers to anticipate problems and make decisions that improve fleet productivity."

Penske Precision Plus is a cost-effective solution available in three packages - basic, standard and premier. Monthly lease rates start as low as $55 per month and are available for both new and existing lease customers.

Penske Truck Leasing, headquartered in Reading, Pa., is a joint venture of Penske Corporation and General Electric. A leading global transportation services provider, the company operates approximately 200,000 vehicles and serves customers from nearly 1,000 locations in the United States, Canada, Mexico, South America, and Europe. Product lines include full-service leasing, contract maintenance, commercial and consumer rental, transportation and warehousing management, and supply chain management solutions. Penske Truck Leasing's annual revenue is approximately US $3.4 billion. The company can be reached at www.pensketruckleasing.com.