Penske Truck Leasing Introduces Precision Plus Fleet Management System

Strategic Insights -

Penske Truck Leasing, a joint venture of Penske Corporation and General Electric, has unveiled Precision Plus, a comprehensive fleet management system designed to optimize fleet performance and productivity. The system integrates Fleet I.Q., a web-based fleet management platform, with XATA and ORBCOMM systems to provide real-time access to critical performance data. This enables fleet managers to monitor and manage their fleet more efficiently, improving up-time and reducing transportation costs.

Key Takeaways:

  • Precision Plus is a comprehensive fleet management system that integrates Fleet I.Q. with XATA and ORBCOMM systems to provide real-time access to critical performance data.
  • The system offers a range of features, including Vehicle Start/Stop Reports, MPG Performance Reports, Vehicle Location, Accident Reconstruction, Paperless Fuel Tax Reporting, and Driver Logs.
  • Precision Plus is available in three packages: basic, standard, and premier, with monthly lease rates starting as low as $55 per month.
  • Penske Truck Leasing operates approximately 200,000 vehicles and serves customers from nearly 1,000 locations in the United States, Canada, Mexico, South America, and Europe.
  • The company's annual revenue is approximately US $3.4 billion.
  • Precision Plus can help fleet managers anticipate problems and make decisions that improve fleet productivity, leading to increased up-time and lower transportation costs.
  • The system is accessible through Penske's proprietary extranet, "My Fleet @ Penske," which allows fleet managers to analyze up-to-the-minute information and make informed decisions.
  • Fleet I.Q. is a web-based fleet management system that provides real-time access to critical performance data, enabling fleet managers to monitor and manage their fleet more efficiently.

Statistics:

  • Precision Plus offers a range of features, including Vehicle Start/Stop Reports, MPG Performance Reports, Vehicle Location, Accident Reconstruction, Paperless Fuel Tax Reporting, and Driver Logs.
  • The system has three packages: basic, standard, and premier, with monthly lease rates starting as low as $55 per month.
  • Penske Truck Leasing operates approximately 200,000 vehicles and serves customers from nearly 1,000 locations in the United States, Canada, Mexico, South America, and Europe.
  • The company's annual revenue is approximately US $3.4 billion.
  • Precision Plus is available for both new and existing lease customers, and is a cost-effective solution for fleets.

Sources:

  • PR Newswire: "Penske Truck Leasing Introduces Precision Plus Fleet Management System"
  • Penske Truck Leasing: http://www.pensketruckleasing.com/
  • Porter Novelli: Jennifer Petra, +1-212-601-8110, jennifer.petra@porternovelli.com