FORT LAUDERDALE, FL (March 24, 2015) – Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing and lifecycle cost management today announced that they completed the year with $232.6 million in lease originations along with additions of several new high profile clients.
Fleet Advantage’s Greenhouse Gas (GHG) initiative, highlighted by EXchangeIT™, continues to demonstrate the changing mindset among fleet managers seeking to reduce operating costs by converting their equipment to a three- or four-year lease lifecycle. As a result, Fleet Advantage placed orders for over 2,200 new vehicles.
Corporate fleets continue to benefit from the robust analytical and reporting services offered by Fleet Advantage. The company serves an elite market of Fortune-100 corporate fleets and specializes in mining and extracting actionable data from onboard computer systems and fleet maintenance records to drastically reduce their operating costs.
Accurate cost analysis and reporting have become essential for companies operating corporate fleets, and executives are looking to leverage every bit of available data to improve safety, retain drivers, reduce emissions and gain a competitive edge. The company works together with fleet managers and CFO’s to focus on leveraging the data to cut costs and determine corporate strategies for newly available capital.
“Fleet reporting and proper analysis is essential for management to reduce operational costs and mitigate risks wherever possible,” said Brian Holland, President of Fleet Advantage. “The data and analytics services we provide are a core differentiator enabling our clients to predict costs and formulate growth plans. Our partnership with, and commitment to our clients is one of the leading factors attributing to the unparalleled growth of Fleet Advantage.”
About Fleet Advantage
Fleet Advantage serves America’s top corporate fleets and guarantees the absolute lowest cost of ownership by matching proprietary data driven IT processes with fleet analytics using the latest eco-efficient clean diesel technology to achieve optimum vehicle productivity, while reducing fuel and maintenance 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 2013, Fleet Advantage was also named to Inc. magazines’ 500|5000 list of fastest growing companies in the nation. In 2011, CEO John Flynn was awarded the Florida Ernst & Young Entrepreneur of the Year® award in the “Emerging” category.
EXchangeITTM is our proprietary leasing solution that provides fleet owners the flexibility to exchange old trucks once they reach their economic TippingPoint™ – regardless of when that moment occurs in the lease term with no early termination or fees.