| Penske Truck Leasing Celebrated Grand Opening of $7.6 Million State-of ...
READING, Pa., Nov. 1 /PRNewswire/ -- Today, Penske Truck Leasing celebrated the grand opening of a new facility in Portland, Ore., located on 4110 NW Saint Helens Rd. The 14,000-square-foot state-of-the-art facility, employing 27 associates, offers commercial and consumer truck rental services, full-service truck leasing and contract maintenance. About 50 leasing customers are serviced from this five-acre location and over 400 vehicles are maintained on-site. The one-story building incorporates Penske Truck Leasing's new facility design elements, features state-of-the-art technology and is designed to enhance the customer experience. Penske continues its expansion efforts across North America. A new wireless technology component allows Penske service technicians to integrate various vehicle diagnostic and repair software.
BLM moving ahead with Roan Plateau drilling plans
The U.S. Department of Interior on Thursday thanked Gov. Bill Ritter for suggesting additional restrictions for drilling for natural gas on top of the rich Roan Plateau in western Colorado, but said it was moving ahead with its own plan -- among the most restrictive plans the department has ever done. Stephen Allred, the department's assistant secretary for land and minerals management, said he told Ritter that the department believes its plan can reach the objectives Ritter outlined in December, after his administration conducted a 120-day review of the government's plan. "We greatly appreciate the insights, questions, comments, proposals and concerns the state of Colorado has brought to our attention in this important matter," Allred said in a statement released Thursday.
PHH 4th-quarter profit climbs
MT. LAUREL, N.J.—PHH Corp. said late Thursday its profit climbed in the fourth quarter as it recorded lower expenses. PHH earned $12 million, or 21 cents per share, compared with profit of $1 million, or 3 cents per share, in the fourth quarter of 2006. Revenue slipped 11 percent to $550 million from $615 million, as total expenses fell to $582 million from $613 million. PHH runs three main businesses: a mortgage lending unit, a business that collects loan payments for other lenders and a truck rental company. Income from leasing its truck fleet sank 8 percent to $408 million. The company rented out fewer trucks because of shrinking demand from customers. Fees for collecting mortgage loans fell, and the value of PHH's contracts for collecting loan payments sank $277 million.
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