About Penn Tank Lines
Penn Tank Lines is a company founded in 1997. It operates as a B2B. The company has 204 employees as of December 31, 2021. Penn Tank Lines has completed 1 acquisition, including Jetstar. Penn Tank Lines offers products and services including Petroleum Hauling, Aviation Hauling, Flatbed Transportation, and Food Grade Deliveries.
- Employees 204 as on 31 Dec, 2021
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
204
as on Dec 31, 2021
- Investments & Acquisitions
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Products & Services of Penn Tank Lines
Penn Tank Lines offers a comprehensive portfolio of products and services, including Petroleum Hauling, Aviation Hauling, Flatbed Transportation, and Food Grade Deliveries. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Transports petroleum products safely across eastern US states.
Handles aviation fuel transportation for reliable delivery.
Provides flatbed hauling for various industrial goods.
Delivers food-grade products with strict safety standards.
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Funding Insights of Penn Tank Lines
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Penn Tank Lines
Penn Tank Lines has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Jetstar. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Financial Statements - Penn Tank Lines
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Penn Tank Lines Comparisons
Competitors of Penn Tank Lines
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Penn Tank Lines
When was Penn Tank Lines founded?
Penn Tank Lines was founded in 1997.
How many employees does Penn Tank Lines have?
As of Dec 31, 2021, the latest employee count at Penn Tank Lines is 204.
What does Penn Tank Lines do?
Penn Tank Lines is a family-owned company specializing in petroleum hauling, aviation hauling, flatbed transportation, and food-grade deliveries since 1974. They operate across over 20 states in the eastern US, focusing on safety, accuracy, flexibility, and efficiency through their S.A.F.E. system. Based in Chester Springs, Pennsylvania, they serve businesses with reliable medium and short-haul services, emphasizing quality and environmental responsibility.
What products or services does Penn Tank Lines offer?
Penn Tank Lines offers Petroleum Hauling, Aviation Hauling, Flatbed Transportation, and Food Grade Deliveries.
How many acquisitions has Penn Tank Lines made?
Penn Tank Lines has made 1 acquisition, including Jetstar.