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
Putting the right truck equipment, service practices in place during a pandemic
Fleets thrive on predictability. Uptime and asset utilization are improved when you can see what’s coming. Of course, the COVID-19 pandemic has made 2020 anything but predictable. Shifting applications, duty cycles and equipment needs continue to impact all trucking segments in unique ways; a fact that is felt by Penske Truck Leasing as it helps
Penske offers fleets ‘Get Back to Business’ leasing options
Penske Truck Leasing is offering fleets a “Get Back to Business” full-service truck leasing offer with low rates and flexible lease terms on late-model, low-mileage vehicles. Business owners can choose from 16-ft. light-duty, 26-ft. medium-duty and tandem-axle day cab and sleeper tractor options with low mileage. Penske leases and maintains brands including Hino, Freightliner, Ford,
Mitsubishi Fuso introduces lease and purchase program
Mitsubishi Fuso Truck of America, Inc. has announced it is partnering with Morgan Corp. and Daimler Truck Financial to offer the FusoComplete Program, a new lease and purchase program for the 2017 Fuso FE160 Class 4 medium-duty cabover truck with a 151-in. wheelbase and 16-ft. Morgan aluminum dry van body. The program offers customers a
Peterbilt, PACCAR Financial announce medium-duty fair market value lease program
Peterbilt has partnered with PACCAR Financial (PFC) to offer a fair market value (FMV) lease program in the United States. The program offers a Peterbilt Model 337 with a 26-ft. Supreme van body on a 60-month term with monthly payments as low as $799, depending on vehicle specifications. “The Model 337 FMV Lease program gives
Kenworth introduces cargo van lease program
Kenworth and PACCAR Financial have partnered to introduce a cargo van lease program in the United States. The new program is for fleets and truck operators that purchase Kenworth T270 Class 6 conventional models in a cargo van specification equipped with a 26-ft. Morgan van body and a liftgate. The Kenworth program offers a 60-month
Looking at leasing? Tips from Nations Equipment Finance
When you need additional equipment for your business there are numerous financing options out there. From loans to leases, the options can sometimes seem overwhelming. There are several lease options you can choose from including capital leases or finance leases and true leases or tax leases, as Phil Carlson, president and chief executive officer of
Fleet truck replacement and leasing strategies
As the economy has improved through 2013 into 2014, the industry has seen a steady increase in tonnage. With the average age of fleet trucks now at eight years, it is time to either replace or lease trucks. Coming off an economic slump, some fleets—who may be wary of investing in new trucks—are now leasing