Mr. Penske is a transportation entrepreneur with interests as diverse as truck leasing and Indianapolis 500 racing.
The merger of the two privately held concerns will create the nation's fourth-largest truck leasing and rental corporation, they said.
Overgrown and semiderelict, the house was sold at auction in 1979 to Barry Trupin, whose fortune derived from truck leasing, for a reported price of $330,000.
At that rate, the route would generate $5,000 per week, or $260,000 per year, less operating costs such as truck leasing and gas.
Nissan workers also receive fringe benefits like subsidized car and truck leasing, unheard of in other American car plants.
The company's product lines include full-service truck leasing, fleet maintenance, truck rentals, used truck sales, and supply chain solutions.
TIP has branched out into eight related areas ranging from tanker rental to truck leasing.
More than $8 million is owed for rent, consulting fees, legal services, truck leasing, and other obligations.
Ryder, a leader in truck leasing and business shipping, had a price-sales measure of 0.43, but it is economizing, too.
Almost half of Ryder's revenues still come from commercial truck leasing and rentals.