Staples Selects Penske for Fleet Maintenance of Electric Trucks

READING, Pa., July 29, 2011 - Penske Truck Leasing today announced it is providing commercial truck fleet maintenance services to 53 all-electric, class six trucks for Staples, the world’s largest office products company.

The vehicles are being serviced in the following U.S. markets: Atlanta, Cincinnati, Dallas, Los Angeles, Kansas City and Portland, Oregon.

"These electric trucks are part of our global sustainability program," stated Mike Payette, Director of Fleet Equipment for Staples. "We found Penske to be a progressive partner, and they were willing to learn about this technology with us." Staples has introduced these all-electric trucks into their fleet with a goal of improving fleet fuel economy. The all-electric trucks can reach 55 mph and are most effective in large cities that require constant stop-and-go driving. A single overnight charge is sufficient to power an all-electric truck through a typical day of deliveries.

"We’re very pleased to serve as the exclusive contract maintenance provider for Staples all-electric delivery trucks," stated Bob Douglas, Penske Truck Leasing Vice President of Field Maintenance - Northeast Region. "We will continue to support Staples and their efforts for sustainability. Penske is an interested partner in this reliable alternative for the transportation industry."

Penske Truck Leasing provides Staples with contract maintenance services nationally on its standard diesel trucks. Its subsidiary Penske Logistics also provides dedicated contract carriage services in the Atlanta area.

Staples is the world’s largest office products company and a trusted source for office solutions. The company provides products, services and expertise in office supplies, copy & print, technology, facilities and breakroom, and furniture. Staples invented the office superstore concept in 1986 and now has annual sales of $25 billion, ranking second in the world in eCommerce sales. With 90,000 associates worldwide, Staples operates in 26 countries throughout North and South America, Europe, Asia and Australia, making it easy for businesses of all sizes, and consumers. The company is headquartered outside Boston. More information about Staples (Nasdaq: SPLS) is available at www.staples.com/media.

Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint venture of Penske Corporation, Penske Automotive Group and General Electric. A leading global transportation services provider, Penske operates more than 200,000 vehicles and serves customers from more than 1,000 locations in North America, South America, Europe and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, used truck sales, transportation and warehousing management, and supply chain management solutions. To learn more about Penske’s products and services please visit www.GoPenske.com and our "Move Ahead" blog.