With trailer orders dropping to historically low levels in April, Xtra Lease has given the industry a little boost by ordering 4,000 new trailers for 2020. The mix of dry vans and reefers will arrive at each of the company’s nearly 50 rental locations throughout the year.
“There’s tremendous uncertainty in the industry and economy right now,” said Bill Franz, Xtra Lease president and CEO. “Many fleets have cut new production plans because of question marks about the future caused by the coronavirus. Renting or leasing equipment, however, gives fleets an opportunity to operate new trailers, even while their own orders are on hold for now.”
