Fleet Advantage, an innovator in truck fleet business analytics, equipment financing, and life cycle cost management (LCCM) announced recently new milestones achieved in exceeding over $2.5 billion in lease originations over the last ten years and helping it become the largest independent lessor for heavy-duty Class-8 trucks.
The company’s pioneering focus on the use of advanced data analytics, coupled with its early truck lease exchange program EXchangeIT and lease extension flexibility helped clients stay ahead of the procurement turbulence felt across much of the broader industry.
Fleet Advantage’s strong emphasis on strategic consultations and customer service, along with key relationships with Equipment Manufacturers, dealers, and finance partners, have helped the company achieve a consistent growth rate over the last ten years of 27%. The company is now working with 5 of the top 10 private fleets in the country.
“Relative to the greater industry challenges, we’re fortunate to reflect on the record-setting accomplishments and achievements we had over the last twelve months,” said John Flynn, CEO of Fleet Advantage. “Our success during this time is a testament to the hard work of our dedicated associates, and our customers who operate under a business philosophy that embraces flexibility in their asset management strategies.”
Fleet Advantage strongly believes that clients that have leveraged the power of data analytics for asset management and procurement, along with flexible lease solutions should continue to maintain this strategy with only minor course corrections as the industry continues to navigate additional procurement challenges. The company believes fleets should stay true to their beliefs and not surrender or be held captive to the current supply chain disruption. Fleets that maintain planning discipline through what has been confirmed by data analytics will continue to lead the industry, especially since the laws of science and economics will not be compromised because of current supply chain disruptions.
“While some in the industry are using fear to pressure fleets to pivot their asset management strategies, we strongly believe fleets should stay the course and rely on proven data analytics-driven philosophies for life cycle asset management,” added Flynn. “Those fleets that take an active, disciplined approach to maintain shorter life cycles will continue to lead the industry with the most advantageous Total Cost of Ownership despite disruptions to the system.”
Press Release received to mail.
