Fleet Advantage was named one of FreightWaves’ 2021 FreightTech 100 most innovative and disruptive companies in freight.

According to FreightWaves, the companies and technologies nominated for the FreightTech 100 award are hand-picked by peer group CEOs, industry leaders and investors who work around artificial intelligence, business analytics, blockchain and more.

Fleet Advantage was nominated and accepted for its sale-leaseback program, which was designed to infuse cash and flexibility into organizations with transportation fleets for immediate aid and relief in the COVID-19 pandemic. In the first six months, the program secured more than $24.5 million in new business for Fleet Advantage.

FreightWaves received more than 1,200 nominations and narrowed the recipients down to 100 companies. Those 100 companies will now be judged by the external panel, with voting conducted and overseen by accounting firm Katz, Sapper & Miller (KSM). The panel includes industry executives, academics and investors, all of whom will rank their top 25 companies in the FreightTech 100, which will determine the companies that will receive the FreightTech 25 special recognition.

“The recognition from FreightWaves on our sale-leaseback program is a testament to Fleet Advantage’s long-standing commitment to the freight and transportation industry,” Katerina Jones, senior director of marketing and business development of Fleet Advantage, said. “The program has been instrumental in providing valuable working capital and financial relief for transportation fleets.”