Fleet Advantage, an innovator in specialty financing, fleet data analytics, fleet management services and life cycle cost management, is celebrating several key corporate achievements over the past twelve months that helped the company pave a clearer path to greater financial flexibility and business operations agility for its portfolio of corporate fleet clients. Fleet Advantage also closed calendar year 2024 with several new clients, now managing over 30,000 units in its portfolio. Furthermore, the company has now leased one out of every 42 tractors in the last 10 years in the United States.
In the last twelve months, 98% of all trucks added to the Fleet Advantage portfolio included advanced safety features.
“In 2024, we have once again demonstrated our unwavering commitment to innovation and excellence in the transportation industry,” Brian Holland, president and CEO of Fleet Advantage, said. “Our pioneering spirit has driven us to enhance our award-winning programs, providing our clients with the flexibility and agility they need to navigate ongoing economic uncertainties. I’m incredibly proud of our highly accredited and ambitious team, whose dedication to client service has been the cornerstone of our success. As we reflect on the key milestones achieved this year, we remain focused on our mission to empower our clients with cutting-edge asset management and specialty finance solutions, ensuring they can run their businesses efficiently and effectively in an ever-changing landscape.”
The company provided data-driven five-year truck procurement plans for clients ahead of certain mandates, which are expected to create the largest truck pre-buy ever.
Fleet Advantage also made significant expansions to its operations, fleet services and data technology offerings. The company announced the Fleet Advantage Maintenance Solution powered by FleetNet America/Cox Automotive, a new collaboration aimed at providing the ability to facilitate reliable fleet maintenance service offerings to organizations that seek all the benefits of a flexible, unbundled lease structure with access to a world-class maintenance provider with a proven nationwide network.
The company also announced a new Unbundled Full-Service Lease Comparative Index, which is aimed at providing calculations to help private fleets determine whether unbundling suits their operation. To date, Fleet Advantage has unbundled roughly 5,500 units.
Toward the end of 2024, the company announced a new “EV Path” program designed specifically to support companies’ transition to electric vehicle (EV) and alternative fuel trucks.
With its continued emphasis on serving the communities where employees and client partners live and work, Fleet Advantage’s Kids Around The Corner Foundation (KATC) marked a milestone in 2024 by celebrating its 10-year anniversary. In 2024 alone, the foundation achieved record-breaking donations totaling $365,425 to 48 organizations, including 13 new partnerships.
