FORT LAUDERDALE (March 7, 2023) – Fleet Advantage, a leading innovator in Class-8 fleet data analytics, equipment financing, and life cycle cost management (LCCM) announced today it was named one of Monitor’s 2023 Most Innovative Companies in Equipment Finance for the third consecutive year.
Monitor’s 2023 Most Innovative Companies in Equipment Finance award recognizes the most innovative companies in the equipment finance ecosystem within various industries including transportation and logistics. Fleet Advantage has a deep legacy of developing advanced solutions to benefit its clients and the equipment finance industry, and its innovatory focus was most recently on display when the company announced it placed orders for 200 Class 8 electric vehicle (EV) tractors. Over the last year, Fleet Advantage’s business prowess, leadership and focus on environmental preservation has benefitted many organizations, as the company has made significant innovations in many areas pertinent to transportation and equipment finance for corporate transportation fleets.
2022 Extended a Legacy of Forward-Thinking Innovation
Fleet Advantage’s forward-thinking breakthrough programs and flexible financing solutions in 2022 have supplemented its other innovations over the years, including the early truck EXchangeIT® program, and financial flexibility to acquire use of clean-diesel engines more frequently as the emission technology advances. This has helped fleets meet GHG Federal mandates to reduce CO2, while saving millions of dollars year-over-year with improved MPG and reduced fuel consumption.
Throughout 2022, Fleet Advantage continued to work closely with organizations to review their procurement strategy and key financial metrics. The company offers various financial analyses to help clients determine how to finance their equipment to enable shorter trade cycles, and continuously reviews different lease structure types such as an unbundled lease versus a full-service lease.
A Focus on Environmental Stewardship
Further reinforced over the last year, Fleet Advantage carried out its mission to help Fortune 100 companies with transportation fleets and equipment finance leaders change the way they see the environment, as well as their impact. The company’s vision of asset management helped organizations reach environmental, social and governance (ESG) goals while promoting sustainability through shortening asset life cycles and optimizing vehicle specifications to be more fuel-efficient.
Governance & Corporate Leadership
Recognizing the importance of governance and reporting, Fleet Advantage unveiled a new program in 2022 that helps organizations certify their greenhouse gas emissions (GHG) output of their fleet, that would be mandated under a proposed rule issued by the Securities and Exchange Commission (SEC). With the company’s leadership and vision, Fleet Advantage is the only finance lessor certifying such measures for a decade, focusing on tractor-trailer fleets that operate high annual mileages (MPY).
With more than 12 years of experience reporting to America’s Top 50 corporate truck fleets to achieve emissions sustainability, Fleet Advantage now offers truly innovative technologies, the ability to analyze billions of miles of data from more than 50,000 vehicles in its network, and programs like ongoing emissions audits, Fleet Modernization and Flexible Finance Programs.
“We are thrilled to be recognized again by Monitor as one of the most innovative companies in the equipment finance industry,” said Matt de Aguiar, Chief Operating Officer for Fleet Advantage. “Fleet Advantage’s leadership and entire workforce population believes that innovation, when leveraged effectively, can create a culture where breakthrough ideas are generated continuously.”
Please read about Fleet Advantage in the January/February 2023 issue of Monitor Magazine on page 59, and also check out the company’s major milestones achieved during calendar year 2022 here: https://www.fleetadvantage.com/press-releases/fleet-advantage-proudly-announces-major-milestones-achieved-during-calendar-year-2022
About Fleet Advantage
Fleet Advantage is the largest independent lessor for heavy-duty Class-8 trucks and has over $2.4 Billion assets under its Life Cycle Cost Management (LCCM) program and more than 50 customers which includes 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.