The project to change lease accounting has been a painfully long process. Rest assured though, the project will be completed by mid-2015. The project objective to capitalize all operating leases on the balance sheet of lessees has been a scary... read more
This year has been a busy one for the equipment industry on Capitol Hill, and 2015 looks like more of the same. Issues that directly affect equipment markets and distributor costs of doing business remain front and center. Getting the... read more
In a survey of Class 8 truck fleet managers conducted by Fleet Advantage, 70% of fleet operators reported fuel economy and maintenance costs as the biggest motivators for equipment replacement, but most continue to operate trucks an average of seven years before replacing them with new, more fuel efficient models. Fleet Advantage President Brian Holland asks, “What is driving this contradiction?”
AmeriQuest’s Patrick Gaskins agrees – it is a great time to lease a new Class 8 truck. But the best approach to a fleet replacement strategy is taking a thoughtful, long-term, strategic approach.