Fleet Advantage Completes Its Fiscal Year End With Considerable Financial Achievements & Milestones Highlighted By A New Billion-Dollar Brand; Innovative Data Analytics; Strategic Partnerships
01 Agosto 2024 - 9:03AM
Fleet Advantage, a leading innovator in specialty financing, fleet
data analytics, fleet management services, and life cycle cost
management, announced today substantial achievements for its fiscal
year ending June 30, with strong growth in Lease Origination and
Syndications underlining an impressive 12-month record for the
company, driven by new analytic innovations, key strategic
partnerships and a new brand identity.
Overcoming Ongoing Economic Challenges
With today’s continued economic disruptions, the company
demonstrated exceptional resilience and strong financial health
driven by its unwavering commitment to serving corporate private
fleet customers. Today the company currently serves 50 of America’s
top private fleets and continues to expand its client base driven
by a dedicated team focused on executing bottom-line results for
its portfolio of customers. This strong industry performance
underscores the company's ability to adapt and thrive in a volatile
market, and has resulted in over $1.1 Billion in Syndicated Lease
volume during the last 12 months, as well as accelerated
remarketing sales activity directed to approximately 500 new
buyers.
New Innovations & Key Strategic
Partnerships
Fleet Advantage extended its pioneering technology legacy with
the addition of several new data innovations, industry resources
and new strategic partnerships. These were important as the
industry prepares its truck acquisition strategies for the upcoming
CARB pre-buy The company offered client audits to help fleets
prepare for the largest truck pre-buy ever. A recent Fleet
Advantage survey revealed that while 36% of fleets said they have a
CARB prebuy procurement plan in place, nearly half (64%) said they
either do not have a plan or are unsure if their organization has a
plan.
The CARB pre-buy is just one of many challenges facing fleets
today, which means remaining flexible through business agility is
key. To help fleets leverage the best data analytics in identifying
opportunities to maximize flexibility, the company this year
unveiled its newest data resource; the Unbundled Full-Service Lease
Comparative Index . Flexibility and competitive finance options are
the most effective ways to reduce truck and finance costs. Fleet
Advantage’s new Unbundled Full-Service Lease Comparative Index
provides calculations to help private fleets determine whether
unbundling their lease structure suits their operation as compared
to remaining in a full-service lease which offers severe
limitations in financial flexibility.
Private fleets recognize the importance of flexibility, but not
at the expense of compromising the effectiveness of their
operations. Many fleets today remain trapped in a full-service
lease because they need a reliable maintenance program. That is why
the company this year also announced a new partnership with
FleetNet America by Cox Automotive, where Fleet Advantage can
facilitate reliable fleet maintenance service offerings to private
fleets that seek all the benefits of a flexible, unbundled lease
structure with access to a world-class maintenance provider with a
proven nationwide network.
2024 Punctuated By A New Look
The year also served as a milestone moment with Fleet Advantage
unveiling its new logo, visual identity and tagline: “Asset
Management Reimagined”. The refreshed identity marked a celebration
of a winning mindset while paying homage to its legacy deeply
rooted in innovation and pioneering data analytics to drive fleet
success. Driving the success of the company continues to stem from
its vastly dedicated team of professionals, whose team
contributions and individual accomplishments led to 21 awards and
accolades over the last 12 months. The company also proudly boasts
a diverse talent workforce represented by 48% female and 30%
minority professionals on staff.
The company also continued its strong focus on supporting
communities through a variety of charitable donations, humanitarian
activities, and supporting causes from its Kids Around The Corner
Foundation. It most recently helped over 19 organizations and this
year partnered with seven new organizations.
“These program accomplishments help our fleet customers remain
highly competitive in today’s challenging market, said
Brian Holland, President and CEO of Fleet
Advantage. “Our team’s commitment to excellence has
enabled our private fleet customers to remain profit-driven, and
the continuous innovation in data analytics we've achieved is a
testament to their talent and perseverance. Together, we are
shaping the future of transportation and setting new standards in
the industry and I want to thank them for their unwavering
dedication and outstanding achievements.”
About Fleet Advantage Fleet Advantage is
the largest independent lessor for heavy-duty Class-8 trucks and
has over $3 Billion assets and over 20,000 units under its Life
Cycle Cost Management program. This comprises a client portfolio of
more than 50 of America’s top corporate fleets, including five (5)
of the top 10 private fleets in the country. Fleet Advantage
guarantees the absolute lowest cost of operation by providing fleet
asset management, financing solutions, and fleet analytics, using
the latest equipment technology to achieve optimum vehicle
productivity and maximum safety. Our model of TCO, clean diesel,
and safety-enhanced trucks with shorter life cycles complement our
customers’ ESG goals. The accomplishments of Fleet Advantage and
our leadership team continue to be recognized for tremendous growth
and industry leadership with numerous awards, including Top Private
Independent and Most Innovative Firm by the Monitor Daily, Top
Software & Tech Awards, Top Women Associates in Finance, and
Green Supply Chain Awards to name a few. The company has also been
named to Inc. magazine’s 500|5000 list of fastest growing companies
in the nation.
Editor’s Note: Please use Fleet
Advantage’s latest logo for use in any stories. Click here to
access downloadable logo.
For more information
John Sternal
Merit Mile
561-362-8888 – office
954-592-1201 – mobile
jsternal@meritmile.com