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Trailer Leasing at 50
   Celebrating 50 years this year, trailer leasing has become a mature, industry standard for alternative trailer supply.
     Operating lease companies own an estimated 400,000+ dry vans, flatbeds and reefers that are made available to customers for rental or term lease from hundreds of facilities throughout North America. If you need a trailer(s) for a short term situation or as an alternative to conventional purchasing and financing, you can generally find the size, shape and type of trailer you need from any of dozens of companies. Like most mature industries, you can pick from an assortment of national, regional or local providers. In addition, you can select from a menu of rental/lease structures, and your choice of maintenance packages, road service programs, insurance alternatives, and wireless trailer tracking services. You can have your trailers included in a turn-key lease with tractors and/or drivers, or you can pick them up ala carte from trailer-only lessors.
     Despite this voluminous range of services and options, the number of trailers owned by operating lease companies represents less than 10% of the total semi-trailer population on the road today. Furthermore, while carrier performance and revenue ton miles have been strong in recent months, operating lessors have faced some of the worst market conditions in their history.
     What gives? If operating leasing offers so many attractive features, why doesn’t it represent 50% or more of the global trailer population like it does with ocean containers, rail cars, ships or even airplanes?
    
Trailer Leasing (Continued)

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Trailer News Briefs From Around the Web:

Manac Plant Shutdown Continues –  OEM will keep Orangeville shuttered until March.

November Trailer Orders Up – ACT Research reports surge in September orders.

Seven in Ten Plan Trailer Purchases – CK Marketing survey notes strong, pent-up trailer demand.

SkyBitz Offers “InSight” Products –  Satellite based suite of trailer tracking products makes debut.

Terion Offers HOS Module – Tracking and load sensor reports are tailored to HOS requirements.

What’s New in Refrigeration Units – Carrier and TK enhancements are assessed.

East Offers New Aluminum Flat –  OEM offers heavy-duty aluminum trailer.

Wabash Loss Widens – Number one OEM continues to struggle.

 
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