Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing and lifecycle cost management, continues to grow its clean diesel initiative, highlighted by improvements in key business metrics, on-boarding of new clients, additional business from existing clients, new Class-8 orders in excess of 1,800 tractors and lease origination volume exceeding $200 million for the nine-month period ended Sept. 30.
EXchangeIT, the Fort Lauderdale, Florida-based company’s proprietary continuous improvement business model, typically saves clients in excess of $15,000 per tractor during its first year of operation. Companies across all industries are realizing the value of managing their fleet data and changing their philosophy to a three- to four-year lifecycle from the historical seven to 10 years to take advantage of the year-over-year improvement in tractor MPG, as well as significant reductions in maintenance and repairs, according to Fleet Advantage. This paradigm shift in lifecycle management also is improving driver retention and reducing CO2 emissions, the company says.
“EXchangeIT is gaining universal acceptance within America’s top corporate fleets. The adoption of an economically sustainable lifecycle model that has the added bonus of being environmentally responsible is driving our client’s behavior,” said Brian Holland, president of Fleet Advantage. “Focusing on promptly replacing older trucks when they become economically obsolete is solving a myriad of difficulties facing corporate fleets today. Our program improves driver retention, lowers overall costs and provides clients with a flexible, cost-effective solution that can proactively respond to ever changing business patterns.”
Marc Gingold appointed to company’s executive team
In other Fleet Advantage news, Marc Gingold has been named VP of syndication to enhance the relationships between Fleet Advantage and its clients and finance partners. Gingold will be responsible for managing commercial lease transactions for syndication; credit, collateral and financial analysis; and developing and nurturing relationships with finance partners.
Gingold has held a number of executive positions in management and operations, with an emphasis on equipment leasing. Prior to joining Fleet Advantage, he was SVP of Canon Financial Services and the president and CEO of Oce Financial Services.
“Marc is a focused solutions provider and expert in lease structuring and creative problem solving,” added Holland. “He brings additional depth to our team, particularly as it relates to managing our funding partner relationships.