Leasing is a Pathway for Fleets Interested in Electric Vehicles

Electric VehiclesHigh Tech / High TouchLeases & LoansMoney Matters
Written By Jennifer Joslyn

🚛 Leasing is a Pathway for Fleets Interested in Electric Vehicles.

Leasing companies are offering fleets a pathway to enter the electric vehicle (EV) space and adopt new technologies without the need to invest in their own trucks. Leasing arrangements help fleets navigate the changing landscape of emissions rules and the shift towards electric and alternative vehicles. Companies like Penske Truck Leasing, Fleet Advantage, and Ryder provide consultation on charging, regulations, and grant funding, as well as handle maintenance and repairs. Leasing partners also offer flexibility for fleets to adopt new technologies as the trucking industry undergoes significant changes, particularly with the rise of electric vehicles. Additionally, leasing companies help fleets with predictive maintenance, cost analysis, and integration of telematics to improve operational efficiency and safety.

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FMCSA's Call for Truck Lease Agreements is Combating Predatory Practices for Driver Safety
FMCSA's Call for Truck Lease Agreements is Combating Predatory Practices for Driver Safety

The Federal Motor Carrier Safety Administration (FMCSA) is requesting lease agreements from truck drivers, especially if they suspect predatory or fraudulent terms.

Arson Fire Beneath Interstate 10 Shines Spotlight on Caltrans' Lease Program and Safety Concerns
Arson Fire Beneath Interstate 10 Shines Spotlight on Caltrans' Lease Program and Safety Concerns

Caltrans and state fire officials had expressed concerns about the storage of combustible liquids on wooden pallets under Interstate 10 for several years before a recent fire, which is now being investigated as arson, led to the closure of a major Los Angeles freeway for over a week.

Fire Under Los Angeles Freeway Raises Questions About Land Leasing Program
Fire Under Los Angeles Freeway Raises Questions About Land Leasing Program

A recent fire under an elevated Los Angeles freeway, which caused significant damage and traffic disruptions, has brought scrutiny to a state land leasing program that allowed businesses to store various materials under the freeway.

Navigating the Road Ahead: Strategies to Tackle Rising Trucking Costs in 2022
Navigating the Road Ahead: Strategies to Tackle Rising Trucking Costs in 2022

Trucking costs have continued to rise, with the average cost per mile reaching $2.25 in 2022, a 21.3% increase from 2021.

Leasing is a Pathway for Fleets Interested in Electric Vehicles
Leasing is a Pathway for Fleets Interested in Electric Vehicles

Leasing companies are offering fleets a pathway to enter the electric vehicle (EV) space and adopt new technologies without the need to invest in their own trucks.

Trucking Operational Costs Reach Record High in 2022, Affecting Carriers' Financial Stability
Trucking Operational Costs Reach Record High in 2022, Affecting Carriers' Financial Stability

According to the American Transportation Research Institute (ATRI), running a trucking business has become more expensive due to rising fuel, wage, and equipment costs.

U.S. DOT Launches Task Force to Address Predatory Truck Lease-Purchase Agreements
U.S. DOT Launches Task Force to Address Predatory Truck Lease-Purchase Agreements

The U.S. Department of Transportation (DOT) has formed a Truck Leasing Task Force to address predatory lease-purchase agreements that exploit truck drivers.

Industrial Vacancy Rates Show Softening in Tight Market, Reflecting Economic Slowdown
Industrial Vacancy Rates Show Softening in Tight Market, Reflecting Economic Slowdown

Cushman & Wakefield's report indicates a slight increase in industrial vacancy rates during the second quarter, signaling a softening in the demand for warehouse and inventory storage space.

Large Companies Face Limits on Delaying Payments
Large Companies Face Limits on Delaying Payments

According to recent working capital research by The Hackett Group, the largest US companies are finding it increasingly difficult to extend payments to suppliers, indicating a potential ceiling on the practice of supplier payment terms optimization.

Corporate reports reveal extensive reliance on supply chain financing
Corporate reports reveal extensive reliance on supply chain financing

U.S. corporate bankruptcies are on the rise in 2023, reaching their highest level since 2010.

Unveiling the EV Leasing Surge: Exploring the Impact of a Tax Credit Loophole
Unveiling the EV Leasing Surge: Exploring the Impact of a Tax Credit Loophole

The concept of a "tax credit loophole" regarding the rise in electric vehicle (EV) leasing implies a scenario where individuals or businesses leverage specific tax incentives or loopholes to maximize the advantages of leasing EVs.

Federal Reserve Raises Rates by 0.25 Points and Hints at Possible Conclusion to Rate Hiking
Federal Reserve Raises Rates by 0.25 Points and Hints at Possible Conclusion to Rate Hiking

The Federal Reserve has approved its 10th interest rate increase, raising its benchmark borrowing rate by 0.25 percentage point to 5%-5.25%, the highest since August 2007.

Drop of 35% in Warehouse Construction
Drop of 35% in Warehouse Construction

The economy has adversely affected several industries, and the latest sector to bear the brunt is warehouse construction.

Warehouse Leases of 3PLs Exceed Those of Retailers
Warehouse Leases of 3PLs Exceed Those of Retailers

Reports are now showing that in 2022, 3PLs accounted for 41% of all lease transactions in warehouses and distribution centers that have at least 200,000 square feet.

Slowdown Looms for U.S. Warehouse Capital
Slowdown Looms for U.S. Warehouse Capital

The Inland Empire of Southern California has been experiencing a significant slowdown since the height of the pandemic.

Inflation seems to be sticking around for a while
Inflation seems to be sticking around for a while

Inflation has been at a stressful high for the last couple of months because of consistent consumer demand despite rising interest rates.

Lease rates for airport warehouses are soaring
Lease rates for airport warehouses are soaring

Warehouses near airports are typically always used to support air freight shipments and imports due to their proximity to the airstrip.

Truckers beware: leases that seem too good to be true… could be
Truckers beware: leases that seem too good to be true… could be

Low-money or no-money-down leases and loans are attractive… even in a good economy.

No more renting: used tanker ships are flying on the shelves
No more renting: used tanker ships are flying on the shelves

Used tanker ships are a hot commodity market as soaring freight rates prompt companies to choose to buy vessels instead of renting them.

Where do you go when you need to fund your small business?
Where do you go when you need to fund your small business?

Funding a small business can be a critical step in ensuring its success.

Should your trucking company unbundle its lease?
Should your trucking company unbundle its lease?

Advocates of unbundling leases claim that the act can assist the company save money on specific items that are typically bundled together in your lease.

Jennifer Joslyn
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