Trucking news and briefs for Thursday, March 30, 2023:
Electric vehicle startup Cenntro Electric Group says it has started production of its LS400, Teemak and Metro electric commercial trucks at the company’s new assembly facility in Jacksonville, Florida.
Operations at the facility will include electric vehicle assembly, upfitting, and pre-delivery inspections. The new facility joins the recently expanded assembly facility in Howell, NJ.
Vehicles assembled at the Jacksonville facility are predominantly for the Southeastern region of the US and for the Central American region. Cenntro expects to begin delivery of vehicles assembled at the Jacksonville facility to customers next month.
Penske Truck Leasing is acquiring Kris-Way Truck Leasing, a transportation services company offering full-service leasing, commercial truck rental, contract maintenance and dedicated contract carriage. Penske will absorb Kris-Way's approximately 150 associates and over 900 vehicles from seven locations throughout Maine and New Hampshire. Financial terms were not disclosed.
"Kris-Way has earned a stellar reputation in the marketplace. Penske and Kris-Way customers will benefit from the combined services both companies have to offer across our growing network," said Penske Truck Leasing President Art Vallely. "We look forward to working closely with Kris-Way customers and associates to integrate the business into the Penske brand."