XTRA Lease Upgrading Trailer Fleet With New Orders

Trailer lessor XTRA Lease said it has ordered approximately 9,400 new vans and reefers for 2012. The new models will replace many older model trailers that will be re-designated as local cartage or storage trailers, or sold.

Since 2010, XTRA Lease said it has invested heavily in new trailer orders, making late-model equipment accessible to trucking companies and shippers via rental and leasing programs. To keep its inventory updated, the company has ordered nearly 25,000 trailers over the past 2.5 years. In addition, XTRA said it is refurbishing about 1,000 flatbeds to restore them to like-new condition.

“In an economic era in which few companies have the capital resources to keep fleets updated with high-performance, late-model equipment, XTRA Lease will continue to offer new trailers through rental and leasing opportunities,” said Bill Franz, president and chief executive officer. “Shippers haven’t reduced expectations for on-time deliveries. But completing them with an aging, over-the-road fleet is risky. We plan on helping fleets reduce their risk by making high-performing equipment available to them.”

Based in St. Louis, MO and owned by Berkshire Hathaway, XTRA Lease provides over-the-road trailers for rent or lease in the United States and Canada.