Transportation Equipment Network (TEN), a provider of trailer leasing, rentals and fleet solutions across North America, closed a large enterprise lease agreement with USA Truck. The agreement supports USA Truck’s near-term operational needs while creating a scalable foundation for long-term growth as the company continues to expand its network.
The transaction represents a significant capital commitment by TEN, with approximately $50 million deployed into a dedicated fleet of 53’ dry van trailers placed on long-term lease to USA Truck.
“When time is of the essence, having a partner who truly understands your business makes all the difference,” George Henry, CEO of USA Truck, said. “TEN’s team moved quickly, listened to our needs and worked closely with us to design a structure that supports where we are today and where we are headed tomorrow.”
TEN worked side by side with USA Truck to develop a creative lease structure aligned to both immediate operational requirements and longer-term strategic objectives. The solution addressed unique fleet needs while providing flexibility to adapt as USA Truck continues to grow.
“This agreement reflects exactly what TEN is built to do, allowing us to put our strong balance sheet, agility and scale to use to assist our customers achieve their fleet and capital goals,” Hooman Yazhari, CEO of TEN, said. “We do not approach our customers as transactional vendors. We work as strategic partners, collaborating to solve real challenges and align fleet solutions to both short-term execution and long-term business goals. This is a win for USA Truck and a win for TEN.”
