October 28, 2019 2:30 PM, EDT

Fleet Advantage Adds Trailer Lease Program to Lower Costs

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Fleet Advantage, an analytics and equipment-financing company, said it added the EXchangeIT Trailer Lease Program, allowing flexible trailer-lease options that provide a lower total cost of ownership.

Fleet Advantage consults with fleets on asset management for heavy-duty trucks by using business intelligence and finance programs to lower total cost. The Fort Lauderdale, Fla.-based company said it is now adapting its life cycle management to trailers, with data that validates similar cost benefits when shortening trailer life cycles, according to an Oct. 28 company news release.

FleetAdvantage officials said fleets that replace trailers every five to seven years through the EXchangeIT program, as opposed to legacy practices of operating them for 10 years or longer, can achieve significant savings.

Refrigerated trailers see the largest cost savings of $8,758 per unit in the first year, when replacing a 2015 model year with a 2021 model year, according to FleetAdvantage.

FleetAdvantage said fleets experience significant savings in fuel cost as a result of more efficient units, fuel savings from aerodynamic components, weight reduction, and maintenance and repair cost-savings, particularly on the refrigerator units.

Similar to tractors, trailer technologies and design advancements are rapidly evolving due to government emissions mandates and a common goal of increased fuel economy, FleetAdvantage said.

Brian Holland, president and chief financial officer of Fleet Advantage, said the new program helps fleets determine replacement cycles more accurately, rather than by equipment failure reaction. That can help fleets avoid production backlogs from truck and trailer manufacturers, he said. — Transport Topics

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