Company Information

Company Overview

Budget Truck Rental is the second largest consumer truck rental company in the United States, operating through a network of more than 2,700 corporate owned, dealer and franchised locations throughout the continental United States, serving both the consumer and light commercial sectors. Budget Rent A Car System Inc. operates both Budget Truck Rental and Budget Rent A Car and is a wholly owned subsidiary of Avis Budget Group, Inc. (NYSE: CAR).

Budget Truck Rental History

1998

Budget Group, Inc. acquires Ryder TRS, Inc. and combines it with Budget Truck Rental to form the Budget Truck Group in June.

2001

Budget Truck Rental’s first 700 newly-designed, blue trucks are released from the manufacturing plant on October 15.

2002

Ryder TRS, Inc. is officially integrated with Budget Truck Rental, under one brand name, during first quarter.

Budget Truck Rental begins to retire the Ryder TRS, Inc. bright-yellow-trademarked trucks from the fleet, and replaces with new, blue Budget trucks.

From coast to coast, Ryder TRS, Inc. signs are replaced with new Budget signs.

Budget enters into a definitive agreement to sell substantially all of its car and truck operations to Cendant Corporation’s subsidiary Cherokee Acquisition Corp. on August 22. The sale to Cendant Corporation is completed on November 22.

2003

20,000 Ryder TRS, Inc. trucks are redesigned and reintroduced to the rental fleet with new Budget logos.

Budget Truck Rental has approximately 28,000 trucks and over 2,400 convenient U.S. locations by the end of 2003.

2004

Budget Truck Rental purchases 8,500 new, white re-designed trucks for rental fleet.

Budget Truck Rental has approximately 30,000 trucks and over 2,500 convenient U.S. locations by the end of 2004.

2006

Cendant Corporation separated into four independent companies: Realogy, Wyndham Worldwide, Travelport, and Avis Budget Group, Inc. Through this separation, Budget Truck Rental became a subsidiary of Avis Budget Group.

Headquarters

6 Sylvan Way, Parsippany, NJ  07054

Employees

Nearly 1,100 employees

Locations

More than 2,500 locations nationwide

Fleet

Budget Truck Rental maintains a dependable, late-model fleet of approximately 30,000 trucks. Specifications may vary based on make, model and year of truck.

Nearly all trucks have a variety of driver-friendly features including air conditioning, automatic transmission, power steering, power brakes, and AM/FM stereos. Walk ramps or lift-gates are available on most models.

Budget also offers a full line of moving supplies to assist truck rental customers before and during their moves. These supplies include:

A supply calculator on Budget Truck Rental’s Web site – www.budgettruck.com – helps renters estimate the quantity of supplies needed.

Customer Benefits

Budget Truck Rental has one of the newest and most well-maintained truck fleets in the truck rental industry. The average age of Budget’s trucks is 2 to 2½ years old. Budget Truck Rental’s late-model fleet helps ensure that customers have a mechanically sound and worry-free rental experience.

While under customer rental agreement, all trucks are covered by Budget Truck Rental’s roadside assistance provider, GE Capital.

Budget Truck has a dedicated national customer service staff to support our thousands of truck rental locations and customers.

A Quick Quote feature on www.budgettruck.com offers renters a moving quote with just a few simple clicks. We feature a presentation on efficient packing techniques, inventory management worksheets and insurance options. Customers can calculate expenses for their entire move online, from the cost of the truck rental to the cost of packing tape.

Leadership Team

Joe Ferraro, Vice President, Operations
Roger Watkins, Vice President of Finance & Planning
Frank Gatto, Regional Vice President, Southeast Region
Mark Osbourne, Regional Vice President, Northeast Region
Fred Parker, Regional Vice President, West Region
Gerald Madrid, Vice President of Maintenance
Tom Whittaker, Sr., Vice President of Fleet Operations
Eric Schlanger, Vice President of Marketing
Valerie Giglio, Vice President of Truck & Off-Airport Sales
Elaine Vitello, Director of Human Resources

Parent Company

The company is a subsidiary of Avis Budget Group, Inc., (NYSE: CAR).  For further information, visit www.budgettruck.com or www.budget.com.

Fun Facts

In the famed presidential election of 2000, a Budget truck made history by transporting Florida’s contested presidential election ballots from Palm Beach to Tallahassee to decide the election. The trip made by the Budget truck resulted in tremendous press coverage throughout the nation.

Budget sold the ballot-carrying truck on Yahoo! Auctions, and the proceeds – $67,100 – were donated to the American Red Cross. (For many years, Budget has provided trucks to the American Red Cross for disaster relief efforts across the country.)

For Truck Reservations

In the U.S...................................800-567-6582 or www.budgettruck.com

For Commercial Truck Business In the U.S...................................888-need-trk or www.needtrk.com

For Car Reservations

For 24-Hour Truck Roadside Care

In the U.S. ..……….................. 800-423-1640

Public Relations Contacts

Alice Pereira, Manager, Public Relations 973-496-6113, alice.pereira@avisbudget.com

John Barrows, VP, Communications & Public Affairs 973-496-7865, john.barrows@avisbudget.com