Fleet Advantage Secures Additional Awards to Finish 2021
DEC 28, 2021 - 6:35 am
Fleet Advantage recently secured two awards, with Jackie Jacobs, the company’s senior fleet transaction analyst and project manager, earning a place on Monitor’s 2021 Top Women in Equipment Finance listing, while Food Logistics named the company a 2021 Top Software & Technology Provider Award winner.
Monitor‘s Top Women in Equipment Finance feature recognizes women in leadership positions in the equipment finance industry, specifically looking at their exceptional qualities and achievements, not only during 2021, but throughout their entire careers.
Jacobs was recognized because of her role in providing customers and bank partners with custom analytic reports to examine cost metrics and establish an optimal fleet modernization strategy. Since being promoted to her current role last February, Jacobs’ input and analysis of lease origination pricing, proposals and presentations for multimillion-dollar truck equipment financing deals has helped client companies and their financial departments identify life cycle cost reductions, dormant equity in trucks and opportunities to improve productivity.
“Jackie has been instrumental in operating and improving Fleet Advantage’s standard finance models and exemplifies our company’s flexibility in the ever-evolving transportation industry,” John Rickette, CTP, CLFP, vice president of portfolio and manager of the transaction management team at Fleet Advantage, said. “Jackie’s hard work, dedication, commitment to excellence and leadership skills are on display daily and the entire Fleet Advantage team is so proud of her.”
Food Logistics’ Top Software & Technology Providers Awards recognize software and technology providers that are working to ensure a safe, efficient and reliable global cold food and beverage supply chain.
Fleet Advantage was recognized because of its sale-leaseback program, which allows a company to select older model assets from their fleet to sell to Fleet Advantage, which then leases back the assets to the fleet for an interim period until the company can transition to new equipment. This enables organizations to generate cash in the near term if an organization has a surplus of trucks. The program can have a positive effect on bottom-line P&L since the ensuing lease payments are often lower than current depreciation charges.
As a second initiative and part of Fleet Advantage’s aim to help companies satisfy their ESG (environmental, social and governance) goals, the company unveiled its safety-first program, which was designed to reduce driver and motorist fatalities, accidents and injuries while also helping protect fleet organizations against rising costs due to litigation, damages and vehicle repairs.
This year, approximately 98% of all Fleet Advantage leased trucks included advanced lane departure technologies, 95% included collision avoidance and 81% included blind spot assist. Furthermore, 82% of the company’s leased trucks included front disc brakes and rear disc brakes.
“We are beyond proud to be recognized by Food Logistics as one of this year’s top software and technology providers,” John Flynn, CEO of Fleet Advantage, said. “The transportation fleet industry has been working through much uncertainty and volatility this year, but our focus on fleet modernization has enabled clients to significantly increase overall productivity, reduce truck operating downtime, save millions of gallons of diesel fuel, decrease emissions and lower cost-per-mile in maintenance and repair (M&R) expenses.”
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