March 21, 2018
Fleet Advantage announced a new company milestone, leasing its 10,000th Class 8 truck. In 2017 alone, Fleet Advantage placed purchase orders on more than 1,800 new Class 8 Sleepers and Daycabs from various OEMs, valued at more than $225 million.
A key value-add Fleet Advantage brings to its clients can be found in procurement strategy, equipment specification, delivery and remarketing. Customers benefit from long-standing program agreements in place with top lending partners that ensure they receive the most competitive cost of funds. Fleet Advantage then designs and orders the new equipment with national account support from several OEM partners and disposes of the used truck in the secondary markets at no risk to clients, creating a winning formula.
Private fleets and for-hire carriers are adopting shorter asset lifecycle strategies by leveraging flexible lease programs driven by data analytics from Fleet Advantage that identifies each truck’s “TIPPINGPOINT,” the point at which it costs more to operate an aging vehicle compared with the cost to replace it with a new truck. Based on data analytics and comprehensive fleet studies, Fleet Advantage provides each client with a fleet modernization and utilization plan, projecting when aging equipment will need to be replaced.
“We’re extremely proud of this industry accomplishment as it validates the hard work from our dedicated employees, and it further proves the active shift in asset acquisition strategies and the importance of data analytics, as private fleets and for-hire carriers realize the many benefits of operating trucks on a shorter lifecycle,” said John Flynn, Chief Executive Officer at Fleet Advantage.