Bloomfield Hills, Michigan

Penske Logistics Leader Jeff Jackson is Supply & Demand Chain Executive 2021 Pro to Know Winner

Retrieved on: 
Wednesday, March 17, 2021
Bloomfield Hills, Michigan, Penske Corporation, Logistics, Articles, Supply chain management, Supply & Demand Chain Executive, Magazines, Human activities, Penske Truck Leasing

READING, Pa., March 17, 2021 /PRNewswire/ --Supply & Demand Chain Executive has named Jeff Jackson , Penske Logistics senior vice president of operations dedicated contract carriage, a recipient of a 2021 Pro to Know Award.

Key Points: 
  • READING, Pa., March 17, 2021 /PRNewswire/ --Supply & Demand Chain Executive has named Jeff Jackson , Penske Logistics senior vice president of operations dedicated contract carriage, a recipient of a 2021 Pro to Know Award.
  • Visit www.sdcexec.com to view the full list of all 2021 Pros to Know winners.
  • Penske Logistics is a Penske Transportation Solutions company with operations in North America, South America, Europe and Asia.
  • Penske Logistics provides supply chain management and logistics services to leading companies around the world.

TriMas Announces Pricing of $400 Million Debt Offering

Retrieved on: 
Monday, March 15, 2021
Packaging, Engineering, Aerospace, Manufacturing, Encodings, Stock market, Ticker symbol, Bloomfield Hills, Michigan, Ticker

The offering of the Notes is expected to close on March 29, 2021, subject to the satisfaction of customary closing conditions.

Key Points: 
  • The offering of the Notes is expected to close on March 29, 2021, subject to the satisfaction of customary closing conditions.
  • TriMas intends to use a portion of the net proceeds from the Notes offering to redeem all of its outstanding 4.875% senior unsecured notes due 2025 (the Existing 2025 Notes).
  • Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model.
  • TriMas is publicly traded on the NASDAQ under the ticker symbol TRS, and is headquartered in Bloomfield Hills, Michigan.

TriMas Announces Launch of Debt Offering

Retrieved on: 
Monday, March 15, 2021
Aerospace, Manufacturing, Other Manufacturing, Packaging, Engineering, Financial markets, Finance, Stock market, Money, 73rd United States Congress, U.S. Securities and Exchange Commission, Bloomfield Hills, Michigan, Metro Detroit, Securities Act, NASDAQ, Ticker symbol, Security

TriMas Corporation (TriMas) (NASDAQ: TRS) today announced that it has initiated an offering, subject to market conditions, of $350 million in aggregate principal amount of senior unsecured notes due 2029 (the Notes) in an offering exempt from the registration requirements of the Securities Act of 1933, as amended (the Securities Act).

Key Points: 
  • TriMas Corporation (TriMas) (NASDAQ: TRS) today announced that it has initiated an offering, subject to market conditions, of $350 million in aggregate principal amount of senior unsecured notes due 2029 (the Notes) in an offering exempt from the registration requirements of the Securities Act of 1933, as amended (the Securities Act).
  • TriMas intends to use a portion of the net proceeds from the Notes offering to redeem all of its outstanding 4.875% senior unsecured notes due 2025 (the Existing 2025 Notes).
  • Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model.
  • TriMas is publicly traded on the NASDAQ under the ticker symbol TRS, and is headquartered in Bloomfield Hills, Michigan.

Penske Automotive Announces Rebranding of its U.S.-based Used Vehicle SuperCenters

Retrieved on: 
Tuesday, March 9, 2021
Bloomfield Hills, Michigan, Auto racing, Penske Automotive Group, Motorsport, Penske Corporation, Roger Penske, Automotive industry

The company has renamed its six U.S.-based used vehicle SuperCenters from CarSense to CarShop ( www.carshop.com ).Joining with the existing eleven U.K.-based CarShop used vehicle SuperCenters, the combined entity will form one global CarShop brand that makes car buying easy.

Key Points: 
  • The company has renamed its six U.S.-based used vehicle SuperCenters from CarSense to CarShop ( www.carshop.com ).Joining with the existing eleven U.K.-based CarShop used vehicle SuperCenters, the combined entity will form one global CarShop brand that makes car buying easy.
  • Penske Automotive Group CEO Roger Penske remarked on the CarShop rebranding, "With this name change, we are taking the next step in the development of a global used vehicle SuperCenter brand.In 2020, the used vehicle SuperCenters sold over 50,000 used units and generated over $1 billion in revenue.
  • These forward-looking statements should be evaluated together with additional information about Penske Automotive Group's business, markets, conditions, and other uncertainties, which could affect Penske Automotive Group's future performance.
  • This press release speaks only as of its date, and Penske Automotive Group disclaims any duty to update the information herein.

Penske Truck Leasing Expands in Calgary

Retrieved on: 
Friday, March 5, 2021
Mitsui & Co., Penske Truck Leasing, Bloomfield Hills, Michigan, Penske Corporation, Transport, Companies, Michigan

READING, Pa., March 5, 2021 /PRNewswire/ -- Penske Truck Leasing required additional space to service its growing customer base in the Calgary region and has built a new state-of-the-art facility at 101 High Plains PL, Balzac, AB T4A 0W7.

Key Points: 
  • READING, Pa., March 5, 2021 /PRNewswire/ -- Penske Truck Leasing required additional space to service its growing customer base in the Calgary region and has built a new state-of-the-art facility at 101 High Plains PL, Balzac, AB T4A 0W7.
  • Penske Truck Leasing is a Penske Transportation Solutions company headquartered in Reading, Pennsylvania.
  • A leading global transportation services provider, Penske Truck Leasing operates approximately 330,000 vehicles and serves customers from more than 1,100 locations in North America, South America, Europe, Australia 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.

Penske Logistics Announced 2020 Premier Truck Driver Recognition Driver Wall of Fame Class and Other Safe Driver Recipients

Retrieved on: 
Monday, February 8, 2021
Trucking industry in the United States, Bloomfield Hills, Michigan, Penske Corporation, Logistics, Business, Penske Truck Leasing

Here are the class totals:

Key Points: 
  • Here are the class totals:
    Marc Althen, Penske Logistics president: "We are very proud to welcome all four classes of our Premier Driver Recognition Program.
  • While the Diamond Class is especially impressive, our Platinum, Gold and Silver classes have also achieved stellar status in their professional truck driving careers.
  • Truck driver careers with Penske Logistics are available now at: https://driver.penske.jobs/
    Penske Logistics is a Penske Transportation Solutions company with operations in North America, South America, Europe and Asia.
  • Penske Logistics provides supply chain management and logistics services to leading companies around the world.

Penske Automotive Group To Host Fourth Quarter 2020 Results Conference Call

Retrieved on: 
Wednesday, January 27, 2021
Bloomfield Hills, Michigan, Penske Corporation, Conference call, Penske Automotive Group, REPLAY, Michigan, Service industries, Transport

The call will follow the release that morning of fourth quarter 2020 earnings for Penske Automotive Group and will be simultaneously broadcast over the Internet.

Key Points: 
  • The call will follow the release that morning of fourth quarter 2020 earnings for Penske Automotive Group and will be simultaneously broadcast over the Internet.
  • This simultaneous webcast may be accessed through the Investors section on the Penske Automotive Group website at www.penskeautomotive.com .
  • If you are unable to participate, a replay of the conference call will be available until Wednesday, February 17, 2021.
  • To listen to the replay, please dial:
    A rebroadcast of the conference call will also be available on www.penskeautomotive.com beginning approximately one hour after completion of the live broadcast.

Penske Logistics Completes Acquisition of Black Horse Carriers, Inc.

Retrieved on: 
Thursday, December 31, 2020
Bloomfield Hills, Michigan, Penske Corporation, Logistics, Articles, Penske Truck Leasing, Business, Michigan, Supply chain management

READING, Pa., Dec. 31, 2020 /PRNewswire/ -- Penske Logistics has successfully completed its previously announced acquisition of Black Horse Carriers, Inc., a privately held logistics company based in Chicago.

Key Points: 
  • READING, Pa., Dec. 31, 2020 /PRNewswire/ -- Penske Logistics has successfully completed its previously announced acquisition of Black Horse Carriers, Inc., a privately held logistics company based in Chicago.
  • "We are pleased to have completed the acquisition and we now look forward to our work together as one team in the coming year," said Marc Althen, president of Penske Logistics.
  • Penske Logistics is a Penske Transportation Solutions company with operations in North America, South America, Europe and Asia.
  • Penske Logistics provides supply chain management and logistics services to leading companies around the world.

Taubman Centers Shareholders Approve Merger with Simon Property Group

Retrieved on: 
Monday, December 28, 2020
REIT, Finance, Professional services, Commercial Building & Real Estate, Construction & Property, Bloomfield Hills, Michigan, Simon Property Group, Real estate, Companies, Taubman Centers

Taubman Centers, Inc. (NYSE: TCO) (the Company) announced that, at a special meeting of shareholders, its shareholders today approved and adopted the previously announced amended and restated merger agreement (the Merger Agreement), dated as of November 14, 2020, among the Company, The Taubman Realty Group Limited Partnership (together with the Company, Taubman), Simon Property Group, Inc. (NYSE: SPG) (Simon) and certain other parties, and the transactions contemplated by the Merger Agreement (the Transactions).

Key Points: 
  • Taubman Centers, Inc. (NYSE: TCO) (the Company) announced that, at a special meeting of shareholders, its shareholders today approved and adopted the previously announced amended and restated merger agreement (the Merger Agreement), dated as of November 14, 2020, among the Company, The Taubman Realty Group Limited Partnership (together with the Company, Taubman), Simon Property Group, Inc. (NYSE: SPG) (Simon) and certain other parties, and the transactions contemplated by the Merger Agreement (the Transactions).
  • Shares voting in favor also included approximately 71.7% of the outstanding shares entitled to vote held by shareholders other than the members of the Taubman family.
  • Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet malls in the U.S. and Asia.
  • Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.

Labor Law Attorneys, Blumenthal Nordrehaug Bhowmik De Blouw LLP, File Lawsuit Against Penske Logistics LLC for Allegedly Failing to Accurately Pay Employees' Wages

Retrieved on: 
Tuesday, December 15, 2020
Bloomfield Hills, Michigan, Penske Corporation, 8, Plays, Creative works, Theatre

SACRAMENTO, Calif., Dec. 15, 2020 /PRNewswire-PRWeb/ -- The Sacramento employment law attorneys at Blumenthal Nordrehaug Bhowmik De Blouw LLP , filed a lawsuit against Penske Logistics LLC, alleging the company violated California Labor Code by failing to provide accurate wages, among other allegations.

Key Points: 
  • SACRAMENTO, Calif., Dec. 15, 2020 /PRNewswire-PRWeb/ -- The Sacramento employment law attorneys at Blumenthal Nordrehaug Bhowmik De Blouw LLP , filed a lawsuit against Penske Logistics LLC, alleging the company violated California Labor Code by failing to provide accurate wages, among other allegations.
  • The lawsuit against Penske Logistics LLC, is currently pending in the Sacramento County Superior Court, Case No.
  • The lawsuit alleges that PLAINTIFFS and other CALIFORNIA CLASS Members forfeited minimum and overtime wages by working without their time being accurately recorded.
  • Nicholas De Blouw, Blumenthal Nordrehaug Bhowmik De Blouw LLP, (800) 568-8020, [email protected]