Leasing Archives - Fleet Equipment Magazine
Daimler begins leasing in Romania

The partnership with Raiffeisen Leasing now expands Daimler’s leasing program to 17 global markets.

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PacLease reports record truck deliveries in 2023, plans EV expansion in 2024

PacLease opened 26 locations around the country over the past year.

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Penske Truck Leasing opens Washington facility

At this location, Penske offers consumer and commercial truck rentals, full-service truck leasing and contract truck fleet maintenance services.

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Advice for navigating rising interest rates, cash flow and reducing emissions

Similar to years past, the industry remains resilient, and demand for goods has held up despite higher interest rates.

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Unplanned truck maintenance trends skew toward the surprising

Are you dealing with service issues that you haven’t typically seen before? You’re not alone.

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Penske Truck Leasing opens state-of-the-art facility in Ohio

Penske Truck Leasing has recently opened a brand-new, state-of-the-art facility in Monroe, Ohio. Located at 100 Clark Boulevard this new facility expands Penske’s capability to support this growing Ohio market and allows increased aid to the large territory between its Sharonville and Dayton sites. At this location, Penske offers consumer and commercial truck rental, full-service

Penske Truck Leasing opens new, state-of-the-art facility in New Jersey

Penske Truck Leasing  has opened a brand-new, state-of-the-art facility in Cranbury, New Jersey. Located at 2682 US 130 North, near exit 8 and 8A of the N.J. Turnpike and U.S. Route 1, it is the first-ever, ground-up build in its South Plainfield District. At this location, Penske offers consumer and commercial truck rental, full-service truck leasing and contract truck fleet maintenance. It

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Penske Logistics honored by GM with Supplier of the Year awards

Penske Logistics’ work in the automotive sector has been recognized by long-time customer General Motors, with a pair of 2021 Supplier of the Year awards, at GM’s recent Phoenix awards ceremony. Penske took home the hardware in the Lead Logistics Provider (LLP) category for services provided in Mexico, and for Dedicated Delivery Service (DDS) efforts to transport service parts

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KLC Financial implements Tamarack Technology’s artificial intelligence platform

National equipment leasing and finance company KLC Financial Inc. has implemented Tamarack.ai, an artificial intelligence (AI) platform from Tamarack Technology.An element of KLC Financial’s growth strategy, the company is using the fully-integrated AI tool to increase efficiency and accuracy of its decision-making. For KLC Financial, the next step in the implementation of Tamarack.ai is the use of the platform’s prediction capabilities in

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What is ‘Vehicle as a Service’?

Well before electric trucks started to roll into real world applications, there was talk of how the new powertrain technology could impact the truck ownership model. We’ve seen bundled offerings that pull in costs related to, but outside of the electric truck itself. Yet, Mack Trucks recently announced “Vehicle as a Service” wears the new

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How long should you be running your trucks?

New truck demand continues to boom as production challenges continue to loom. The evolution of truck technology is the constant—improved safety systems and improved efficiency all add up to savings. Pre-pandemic, a four- to five-year new truck lifecycle was common among carriers, but that’s starting to change as fleets take a long, hard look at

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Making informed truck management decisions during the microchip shortage

The trucking industry could be headed toward the perfect storm of equipment shortages. We’ve already heard how the microchip shortage is impacting OEM truck production, and those supply challenges are being felt by suppliers and service providers. ACT Research noted that Class 8 truck orders are nearing their “best ever,” and vocational markets are expected

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