Fleet Advantage Archives - Page 2 of 5 - Fleet Equipment Magazine
Flexible finance a larger focus for transportation, private fleets

Transportation organizations and private fleets are both finding new ways to cope with the major challenges thrown at them in 2020, particularly by the COVID-19 pandemic. While each has their own set of unique challenges specific to their organizations, they’re both battling ways to deal with a difficult financial climate, rising costs from adapting to

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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,

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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

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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

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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

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From pen and paper to data automation: A quick-start guide to truck service dashboards

Glance around your office and tell me if this sounds right: The room is stuffed with stacks of service documents and hand-written notes, whiteboards covered in ink, a few filing cabinets filled with years of archives, and a desktop computer with folders full of Excel sheets. To the untrained eye it’s a daunting, unorganized jungle

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How do you know that your service dashboard data is accurate?

James Griffin, chief operating officer and chief technology officer of Fleet Advantage, says he advises his clients to invest in a service dashboard because it keeps data secure and consistent. “The data used to create dashboards is generally sourced from defined data sources and not easily modified by multiple users,” Griffin says. “A spreadsheet can

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What new hours of service regulations mean for you

Recently, the Federal Motor Carrier Safety Administration (FMCSA) published its final rule updating hours of service (HOS) rules. FMCSA’s final rule on hours of service offers four revisions to the existing HOS rules, which are as follows: Flexibility has been added for the 30-minute break rule by requiring a break after 8 hours of consecutive

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Podcast: What new hours of service regulations mean for your trucks’ lifecycles

After FMCSA’s recent revision to the rules, you may be wondering how the soon-to-be-implemented hours of service regulations will impact your trucks. If you’re a regional haul fleet, you’ll have more opportunities to run them, so what does this mean for the trucks’ lifecycles? To answer this, FE spoke with Jim Griffin, COO and CTO

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Using business intelligence to lower total cost of ownership on Class 8 trucks

Over the last several years, many in the fleet industry has begun to realize a shift in the way truck lifecycle and tractor longevity is viewed. Fewer fleets are purchasing trucks as assets and holding onto them for longer periods to squeeze every ounce of operation from the unit. This philosophy was believed to help

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Advanced safety features are keeping drivers and roads safer

From brakes and tires to stability control and lane departure systems, safety technology today has made our truck drivers and roads safer.

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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