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CSCMP’s 2025 State of Logistics Report found that annual expenditures associated with moving freight grew 5.4% year over year to $2.58 trillion in 2024 compared with 2023.

Penske Logistics has named Jeff Jackson president, succeeding Marc Althen, who is retiring. A longtime Penske leader, Jackson has more than 28 years' experience in transportation.

Shell Oil Co. and Penske Corp. are collaborating to help drive decarbonization and sustainability, the companies announced May 28.

Penske Truck Leasing launched a program that lets carriers sell their old trucks so they can lease a new one, the company announced Dec. 7.

Penske Logistics announced it reached an agreement to acquire Chicago-based trucking company Black Horse Carriers Inc.

Penske Truck Leasing announced it opened a new facility in Essex Junction, Vt., to offer full-service truck leasing and contract truck fleet maintenance services.

Penske Truck Leasing announced that dedicated fleet services company Black Horse Carriers has joined its electric vehicle program.

Penske Logistics has opened a 606,000-square-foot refrigerated distribution center in Romulus, Mich.

LONG BEACH, Calif. — Many transportation executives see a role for electric trucks in the years to come, but the question of which power-delivery method will move to the forefront — pure-electric or hydrogen fuel-cell electric — remains open, experts said.

Penske Logistics will acquire Epes Transport System, a Greensboro, N.C., dry-van truckload and dedicated contract carriage provider, with more than 1,100 drivers. Terms were not disclosed.