Fleet Advantage, FleetNet America by Cox Automotive partner on financing, maintenance solutions
An unbundled leases structure with finance and nationwide maintenance options.
Fleet Advantage expands into alternative fuels, bolsters EV portfolio
Fleet Advantage notes that it has a portfolio of over 19,000 vehicles under asset management.
Fleet Advantage focuses on helping transportation fleets achieve ESG Goals
Fleet Advantage announced a new focus to help its clients transition to a low-carbon economy and achieve corporate Environmental, Social and Governance (ESG) goals. “At the heart of our ESG-centric strategy is a data analytics focus that relies on real-time business intelligence to help steer clients toward more environmentally-sound business decisions,” said Katerina Jones, vice
Fleet Advantage on the impact of decarbonization, GHG regulations and electrification on truck lifecycles
FE caught up with Fleet Advantage to talk about the latest developments in the truck market, how electrification and emissions goals will affect truck lifecycles, and a few other topics at the TMC Fall Meeting in Cleveland in September. Below is our Q&A with Al Barner, senior vice president of business development at Fleet Advantage.
Three truck market takeaways from Fleet Advantage
Fleet business analytics provider Fleet Advantage shared three areas of focus for the heavy-duty truck market following its fiscal year ending June 30. According to the Organization for Economic Cooperation and Development (OECD), the U.S. economy is expected to grow 6.9% this year, a staunch increase from the 3.5% contraction in 2020. This has resulted
Fleet Advantage reports $223M in truck lease syndications during 2020 fiscal year
Fleet Advantage says it secured a total of $223 million in truck lease syndications during its 2020 fiscal year ending on June 30, with an additional $89 million in syndications volume during its fiscal Q1 ending Sept. 30. During 2020, companies required financing programs to maintain cash flow while remaining competitively positioned for the future,
Fleet Advantage’s sale-leaseback program totals more than $24.5M in new business
Fleet Advantage says it has secured an additional volume of $7.5 million in new business through its pioneering Sale-Leaseback program. The additional volume follows an initial $17 million generated shortly after the program’s launch in May. Fleet Advantage’s Sale-Leaseback program features the flexibility to dispose of surplus trucks and convert “dormant equity” locked up in
Used truck market strong throughout 2020, Fleet Advantage reports
Fleet Advantage says it has been active in the sales of off-lease used trucks this year, with total units sold exceeding 400 units in its fiscal first quarter ending Sept. 30, with sales in excess of $10 million. The company says there has been more buying and selling activity of new and used heavy-duty trucks
Fleet Advantage secures heavy-duty truck lease originations over $107M last quarter
Fleet Advantage says it has secured lease originations totaling $107.3 million for its quarter ending Sept. 30. Fleet Advantage says companies with transportation fleets are realizing an opportunity for increased savings in their total cost of ownership by moving their vehicles toward a shorter lifecycle. In doing so, these organizations are saving money through lower
Watch: Fleet Advantage Lifecycle Management Software walkthrough
Fleet Advantage recently added predictive Lifecycle Management Software (LMS) to its ATLAAS platform (Advanced Truck Lifecycle Administrative Analytics Software). This software notifies fleets months in advance of when an individual truck or group of trucks will reach their tipping point, the point at which a truck reaches economic obsolescence, and costs more to operate than