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Fleet Advantage completed the year with $232.6 million in lease origination along with additions of several new high-profile clients, according to the company. Fleet Advantage’s greenhouse gas initiative, highlighted by EXchangeIT, is continuing to demonstrate the changing mindset among fleet managers seeking to reduce operating costs by converting their equipment to a three- or four-year lease lifecycle, the company said. As a result, Fleet Advantage reported that it placed orders for over 2,200 new vehicles.
Accurate cost analysis and reporting have become essential for companies operating corporate fleets, and executives are looking to leverage every bit of available data to improve safety, retain drivers, reduce emissions and gain a competitive edge, Fleet Advantage said. The company works together with fleet managers and CFOs to focus on leveraging the data to cut costs and determine corporate strategies for newly available capital.
“Fleet reporting and proper analysis is essential for management to reduce operational costs and mitigate risks wherever possible,” said Brian Holland, president of Fleet Advantage. “The data and analytics services we provide are a core differentiator enabling our clients to predict costs and formulate growth plans. Our partnership with and commitment to our clients is one of the leading factors attributing to the unparalleled growth of Fleet Advantage.”
For more information on Fleet Advantage, visit www.fleetadvantage.net.