Related: The Knight-Swift Merger: Lessons from the History of Ocean Shipping
Penske Truck Leasing to Acquire Old Dominion Truck Leasing
When completed, the deal will add approximately 1,400 tractors, trucks, and trailers to Penske's fleet.
by Staff
June 14, 2017
Penske expects its deal to acquire Old Dominion Truck Leasing to close in July of this year. Photo: Penske
1 min to read
Penske expects its deal to acquire Old Dominion Truck Leasing to close in July of this year.Photo: Penske
Penske Truck Leasing today announced it has agreed to acquire Old Dominion Truck Leasing, based in Richmond, Va. Terms of the deal were not disclosed.
“Old Dominion Truck Leasing and Penske Truck Leasing customers will benefit from synergies in our products, technology, and services available across our combined network of facilities,” said Brian Hard, president and CEO, Penske Truck Leasing. “We share a strong commitment to service and will continue to enhance the high-quality service their customers have come to expect.”
Old Dominion Truck Leasing serves approximately 360 customers at 11 locations in five states.
According to Penske, Old Dominion Truck Leasing’s products and services align well with the company’s existing service offerings, including full-service truck leasing, truck rental, contract fleet maintenance, and dedicated contract carriage.
The deal is subject to various legal conditions, although both parties expect it to close in July. Once complete, the acquisition will add approximately 1,400 tractors, trucks, and trailers to Penske’s fleet.
More Fleet Management
Nomination Deadline Extended for HDT Emerging Leaders
Just a few more days to nominate accomplished trucking fleet professionals under 40 who are making an impact and helping lead the industry forward for the HDT Emerging Leaders award. Deadline extended to October 20!
Read More →
What Will ATA’s New Leader Bring to Trucking's Table?
Incoming President and CEO Mark Colson’s record in Alabama offers clues about his priorities and approach following Chris Spear’s abrupt departure as the head of the American Trucking Associations.
Read More →
Volvo, Waabi Start Commercial Autonomous Operations in Texas
Volvo VNL Autonomous trucks, powered by the Waabi Driver, are hauling freight directly to third-party facilities for a customer in Texas.
Read More →
Samsara Launches Custom AI Agent Builder
Agent Studio lets fleets create AI tools for hours-of-service monitoring, reporting and driver support, including agents that communicate by phone.
Read More →
Einride Driverless Electric Trucks Begin Daily Freight Operations in Ohio
Two cabless electric trucks are hauling freight between EASE Logistics facilities in Marysville, Ohio, as part of a multi-state truck automation project.
Read More →
Geotab Links Fleet Card to Vehicle Data
The new card combines fuel discounts with telematics-based purchase controls. Geotab’s analysis also points to potential savings from choosing lower-priced fuel stops.
Read More →
How MFA Helps Protect Trucking Fleets
Multi-factor authentication adds protection when passwords are stolen. Here’s how it works and where fleets should start.
Read More →
How Better Freight Data Helps Trucking Teams Get Ahead of Disruption
Trucking and logistics teams have plenty of data. The problem is getting the right information in front of the right people soon enough to act. Better-connected data can help teams spot trouble earlier and make smarter decisions before small problems become big ones.
Read More →
Trimble: Taking Artificial Intelligence in Trucking Beyond Faster Tasks
At Insight 2026, Trimble executives argued that fleets may need to redesign workflows to get more from AI as it introduced new products and enhancements. AI’s value will depend on how fleets combine automation with their people's knowledge.
Read More →
Sponsored•September 28, 2026
Build a bulletproof fleet: Uniting ELDs and dash cams for total compliance
An ELD can prove compliance, but it cannot always prove what happened on the road. Discover how uniting accurate ELD data with AI-powered dash cam video can help your fleet strengthen compliance, defend against liability, protect drivers and reduce operational costs.
Read More →