Transportation Equipment Network (TEN), an end-to-end leasing, financing, fleet solutions and maintenance company, has completed an enterprise lease agreement with Shabad Transport, a Canadian carrier specializing in cross-border freight services. The deal includes a fleet of 92 dry van trailers and extends a partnership that began in 2014.
Structured as a sale-leaseback, the transaction enables Shabad Transport to convert owned fleet assets into working capital while continuing to operate the same equipment under a long-term lease.
“In this environment, access to capital and flexibility matter more than ever, and we worked closely with the Shabad Transport team to build a solution that puts capital back in their hands and positions them for the road ahead,” Hooman Yazhari, CEO of TEN, said. “This agreement is a strong example of how we work with customers to align equipment strategy with their broader business goals and help them navigate uncertainty with confidence.”
Over the past decade, Shabad Transport’s relationship with TEN has grown from initial lease transactions into an exclusive trailer program built on a shared focus on long-term growth.
“TEN understands where we want to take our business and worked with us to accelerate that plan,” Amardip Randev, president of Shabad Transport, said. “We now have the flexibility to redeploy capital into areas that set us up for our next phase of growth, such as developing new yards, modernizing our shop and warehouse facilities, all the while keeping our fleet running for our customers without a single day of disruption.”
