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Demand for commercial vehicles in the U.S. and Canada continues to strengthen, though used commercial vehicle registrations still outnumber new registrations.
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Although a recent court decision appears to strike a blow to fleet corporate structures where a separate company owns the equipment and leases it to the motor carrier or driver/owner-operators, one trucking-specialist attorney's firm says don't start restructuring just yet.
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What one media outlet calls a “landmark decision” by a federal court pushes aside a nearly decade-long federal protection for vehicle leasing companies. It's expected to affect trucking companies whose owner-operators are involved in accidents when certain leasing arrangements are used.
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Volvo Trucks recently expanded its network of leasing locations in the United States and Canada to include 10 new sites to better serve customers.
Read More →Building upon the growth of its extensive leasing location coverage in the U.S. and Canada, Mack Leasing System recently added 11 new member dealer locations.
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"We've opened this location because Penske has simply outgrown our previous facility," said Dan O'Boyle, Penske Truck Leasing senior vice pesident for the North Central Region.
Read More →STI Holdings Inc., parent company of Stoughton Trailers, announced the opening of a new rental and leasing division. Stoughton Rental and Leasing Co. DBA Stoughton Lease, will open its first branch in June in Milwaukee, Wisc. with plans to add several additional locations in the next year.
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PacLease says the next generation of PacTrac Fleet Management telematics system offers improved communication with drivers and more real-time diagnostic data from vehicles, among other features.
Read More →Month-over-month, new business volume was up 10 percent from March. Year-to-date, cumulative new business volume increased eight percent compared to 2012, according to the Equipment Leasing and Finance Association.
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XTRA Lease, a provider of semi-trailer rentals and leases, has ordered more than 2,000 new trailers for 2013, including a mix of dry vans, reefers, flatbeds, chassis, and liftgated van trailers.
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