|
|
Article: Equipment Lessors Consolidate, Reduce Fleet Sizes to Adjust for Changing Demand
- Article from:
- Transport Topics
- Article date:
- March 31, 2008
- Author:
CopyrightCopyright Transport Topics Publishing Group (TTPG) Mar 31, 2008. Provided by ProQuest LLC. (Hide copyright information)
|
LEASING TRUCKS AND TRAILERS
A weak economy and a deteriorating business environment for truckers are creating challenges and opportunities for equipment leasing and rental companies, executives in the field say.
"It's been a rough 18 months or so," Lance Bertram, vice president of marketing for Idealease Inc. in North Barrington, Ill., said.
An oversupply of trucks caused, in part, by fleets buying more equipment than they needed in 2006 to avoid purchases in 2007 - coupled with falling freight demand has sharply curtailed demand for trucks and, to a lesser extent, trailers.
Idealease affiliates have cut 500 trucks from a rental fleet of 9,000 vehicles and plan to cut another 500 this year ...