Fleet Advantage secures heavy-duty truck lease originations over $107M last quarter

David Sickels is the Senior Editor of Fleet Equipment. He has a history of working in the media, marketing and automotive industries in both print and online.

Published: Oct 6, 2020

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 maintenance and repair costs, lower fuel expenditures, reduced emissions and lower costs associated with safety accidents, Fleet Advantage says.

The COVID-19 pandemic also had a significant impact on the industry during the company’s fiscal year, Fleet Advantage says, and in response, it began offering a sale-leaseback program designed to infuse cash and flexibility for transportation fleets.

Orders open for new Volvo VNL

Production will start later this summer, and Volvo expects customer deliveries to begin later this year.

By Kevin Linger

Managing Editor/Producer of Fleet Equipment Magazine

Published: Apr 19, 2024

North American sales are now open for the new Volvo VNL, Volvo Trucks North America announced. Since the announcement of the truck in January, Volvo says dealerships have participated in extensive competency development, with e-learning and in-person instructor-led courses from Volvo Trucks Academy, to be fully trained to support customers before VNLs arrived at dealerships. Production will start later this summer, around the same time demo trucks will arrive at dealerships. Volvo expects customer deliveries to begin later this year.