FORT LAUDERDALE, FL (July 15, 2019) – Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and lifecycle cost management announced today it has established a record amount of Lease Originations exceeding $200 million for the period January 1 through June 30, 2019.
Fleet Advantage is leading the paradigm shift in truck transportation fleets by leveraging data analytics and business intelligence combined with asset management and flexible financing. The company assists private fleets and for-hire carriers via a Fleet Modernization Program - modernizing and updating their truck fleets and business strategies, reducing operating costs, increasing financial flexibility, and benefitting operations by increasing efficiency, driver recruitment, retention and on-time deliveries.
Fleet Advantage services 28 of the top 100 fleets in North America. With the help of Fleet Advantage’s turn-key asset management including its EXchangeIT® flexible leasing solution and its award-winning ATLAAS Unified (Advanced Truck Lifecycle Administrative Analytics Software), the company helps its clients lower their Total Cost of Ownership (TCO) through technology and data analytics.
“Our record revenue performance in the first half indicates more transportation fleets are recognizing the substantial benefits of leveraging data, technology and business intelligence which leads to shorter asset lifecycles,” said John Flynn, Chief Executive Officer of Fleet Advantage. “Our dedicated, professional staff has saved fleets millions by improving their bottom line while creating a more competitive advantage, improving operations, delivery times, customer service, safety and driver recruitment and retention.”
About Fleet Advantage
Fleet Advantage serves America’s top truck fleets and guarantees the absolute lowest cost of operation by providing truck leasing and matching proprietary data driven IT processes with fleet analytics using the latest eco-efficient clean diesel technology to achieve optimum vehicle productivity, while reducing operating costs. Fleet Advantage is ranked as one of the fastest-growing privately held companies in the state of Florida and the fastest growing independent truck lessor in the U.S. In 2018, Fleet Advantage was ranked the 9th Top Private Independent from Monitor Daily; and in 2015 and 2013, the company was named to Inc. magazines’ 500|5000 list of fastest growing companies in the nation. In 2011, CEO John Flynn received the Ernst & Young Entrepreneur of the Year® 2011 Florida - Emerging Category award.