Fleet Advantage Reports $100MM in H/1 Originations

Fleet Advantage CEO John Flynn reported that the Fort Lauderdale-based privately held company has reached a new milestone and exceeded $100 million in revenue and lease origination for the six-month period ending June 30, 2012. This marks the company’s continued and dynamic growth which has been achieved using new technology, fleet analytics and reporting systems that monitor the total cost of ownership while reducing truck emissions using “clean diesel” technology, the company said.

“Fleet Advantage’s proprietary software and supporting analytic teams continue to enhance our product and generate high levels of enthusiasm and interest from customers and prospects,” said Flynn. “Our next software release, scheduled at the end of this year, will offer real-time lifecycle costs on a per truck profit and loss basis.” Flynn said he believes the antiquated methods of using model year and fleet average costs or life-to-date costs have been eliminated forever.